Associate, Private Credit Investments

In 2025 Blackstone established Brio Real Estate (Brio) as a portfolio company focused on real estate credit. Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstones Real Estate Debt Strategies business (BREDS) across the globe. Today BREDS has more than $76 billion in investor capital across high yield / opportunistic real estate credit funds a publicly traded Mortgage REIT CMBS securities and insurance capital. Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions including asset management transactions capital markets surveillance portfolio management and legal & compliance. Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio.

Blackstone is the worlds largest alternative asset manager with more than $1 trillion in assets under management. Blackstones scale with roughly 12700 real estate assets and over 240 portfolio companies enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstones global investment strategies focus on real estate private equity infrastructure life sciences growth equity credit secondaries and hedge funds.

What you will do:

• Underwrite and perform credit analysis on loan collateral across all major property types within private credit investments and loan pools.
• Determine deal and loan-level risk ratings assist in identifying risk assets across the portfolio to monitor performance and provide periodic asset management updates. Create and edit financial models to determine base and bear case commercial real estate (CRE) asset valuations and perform sensitivity analysis.
• Help prepare investment committee and quarterly asset review presentation materials.
• Assist with modeling deal level loss expectations and loan pricing.
• Liaise with special servicers and other third parties to support asset management duties in assessing risk reviewing business plans and making strategic recommendations.
• Track issuer/industry trends and macroeconomic events which could impact portfolio holdings.
• Will travel 5-10% domestically.

What you should have:

• College (BS/BA) degree in Real Estate Finance Accounting or Business Administration.
• 0-4 years of work experience in a CRE loan underwriting or credit focused role.
• Comfortable working in a fast-paced deadline driven environment.
• Advanced knowledge and experience with Excel-based financial modeling.
• Strong grasp of financial statement analysis CRE debt and valuation concepts.
• Highly analytical thinking with demonstrated talent for identifying scrutinizing improving and streamlining complex work processes.
• Strong interpersonal skills: exceptional listener and communicator who effectively conveys information verbally and in writing.
• Resourceful team player who excels at building trusting relationships with clients and colleagues.
• Applicable knowledge of Microsoft Office suite.

Preferred Knowledge Skills and Abilities:

• Experience with Commercial Real Estate Credit Investing Commercial Mortgage-Backed Securities (CMBS) investing and/or asset management. Experience with all major commercial real estate (CRE) property types (i.e. Office Retail Multifamily Hotel Industrial etc.) in markets across the country.
• Solid understanding of commercial real estate transactions and industry terms.
• In-depth knowledge of third-party market data platforms (e.g. Trepp Intex Costar REIS RCA Bloomberg).
• Familiarity working with and analyzing real estate and securitization documents (e.g. appraisals mortgages prospectuses asset summary reports).

EEO Statement

Brio Real Estate is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email