Director, Asset Management bei Brio Real Estate

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 Blackstone’s 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 world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 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. Blackstone’s global investment strategies focus on real estate, private equity, infrastructure, life sciences, growth equity, credit, secondaries and hedge funds.

The Director, Asset Management will oversee a diversified portfolio of intricate debt investments, secured by various types of commercial real estate. This encompasses a broad range of projects from significant ground-up constructions, renovations, to capital improvements and leasing endeavors. The assets under management will include a mix of transitional or value-added properties across major U.S. markets. These properties span across different sectors such as office spaces, retail outlets, industrial sites, multifamily units, condominiums, student housing, and hospitality venues.
 

Responsibilities:

• Interpret complex loan agreements to accurately apply loan terms in asset management activities.
• Work closely with various internal teams to streamline asset servicing and ensure precise and prompt reporting.
• Oversee the draw process, ensuring all pre-funding conditions are met in line with credit agreements for construction, leasing, and capital expenditures.
• Facilitate the funding process in collaboration with lenders, their syndicates, co-lenders, and note-on-note financiers.
• Analyze lease proposals, drafting recommendation memos for clients.
• Engage with external consultants, including legal advisors, title agents, brokers, leasing/sales agents, and construction experts.
• Employ a range of software and applications to manage and monitor data related to properties, borrowers, and asset performance.
• Organize and assess monthly financial statements from borrowers, along with other required reports.
• Manage the collection and evaluation of annual operating and capital budgets.
• Assess the ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
• Evaluate proposed cash management distributions to ensure accurate application according to cash flow waterfalls.
• Conduct regular covenant compliance checks as per loan documentation (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
• Generate and maintain monthly asset reports and quarterly reporting packages that include analysis of investment performance.
• Coordinate with the tax and insurance teams to oversee insurance coverage, tax payments, and escrow requirements.
• Approve annual operating and capital budgets as well as proposed tenant leases.
• Mentor financial analysts, fostering their professional development and enhancing their skills.
   

Required Qualifications:

• Bachelor's degree in finance, accounting, real estate, or a related discipline required.
• 5+ years of experience in debt asset management or loan servicing is mandatory.
• Must have proficiency in Microsoft Excel, Word, and Outlook.
• Demonstrated understanding of complex commercial real estate structured-finance transactions is essential.
• Knowledge of commercial real estate transactions, industry terminology, and capital markets is required.
• Exceptional communication abilities, including the capacity to articulate complex ideas clearly in both writing and speech.
• Skilled in interpreting intricate credit and legal documentation.
• Strong analytical capabilities and mathematical proficiency are crucial.
• The candidate should possess the ability to manage multiple tasks simultaneously and adhere to deadlines.
• Team-oriented, ready to collaborate and contribute to collective goals.
• Advanced proficiency in Excel, including ability to build complex Excel worksheets preferred.
• Ability to travel 10-15%.

EEO Statement

Brio Real Estate is an equal opportunity employer. In 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 [email protected]