Director, Asset Management

In 2025, Blackstone established Brio Real Estate (“Brio”) as a portfolio company focused on real estate credit. Brio is a commercial real estate services platform that supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio.

Today, BREDS has more than $77 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector.

The Director, Asset Management will oversee a diverse and expanding portfolio of complex debt investments secured by commercial real estate across all major asset classes. The portfolio will include a combination of construction and operational properties and portfolios. The construction segment covers significant ground-up projects, renovations, and capital improvement/leasing initiatives. Operational assets will often comprise transitional/value-add properties across major U.S. markets, encompassing office spaces, retail locations, industrial sites, multifamily buildings, condos, student housing, and hospitality venues and may also contain more stabilized properties in such asset classes. This outward-facing role requires interaction with top figures in commercial real estate finance and demands a proactive approach in managing tasks such as interest billing and collection, cash waterfall arrangements, draw administration, covenant adherence, financial evaluation of asset performance, portfolio oversight, preparation of asset summary reports and client reporting.

What You Will Do

• Analyze complex loan documents to ensure accurate implementation of loan terms across individual assets.
• Work with internal departments to facilitate precise asset servicing and prompt reporting.
• Oversee the draw process, ensuring compliance with credit document conditions for construction, leasing, and capital expenses.
• Manage the funding process in collaboration with lenders, their syndicates, co-lenders, and other financial parties.
• Evaluate lease proposals, creating recommendation reports for clients.
• Engage with external consultants, including legal experts, title agents, brokers, and construction advisors.
• Employ various technologies and applications to monitor property, borrower, and asset performance, conducting portfolio-level reviews.
• Organize and scrutinize monthly financial statements from borrowers and other required reports.
• Oversee the collection and examination of annual operating and capital budgets.
• Assess ongoing performance of operational properties through analysis of Rent Rolls, Operating Statements, and Collections.
• Verify proposed cash management distributions to ensure correct adherence to cash flow waterfalls.
• Routinely check for covenant compliance based on loan document criteria (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
• Generate and maintain monthly asset reports and quarterly performance analyses.
• Coordinate with the tax and insurance team at servicers to oversee insurance coverage, tax payments, and escrow obligations.
• Approve annual operating and capital budgets, as well as tenant lease proposals.
• Mentor analysts, fostering their professional development.
  
  

What You Should Have

• Bachelor’s degree in finance, Accounting, Real Estate or related discipline required.
• 5 years of experience in real estate or structured credit with an asset management firm, private equity firm, lender, owner / operator, servicer, rating agency, investment bank or broker is preferred.
• Strong analytical skills with demonstrable experience in analyzing quantitative and qualitative research.
• Excellent in clear and effective communications with the ability to engage with a diverse range of stakeholders.
• Motivated to excel in a collaborative, fast-paced environment, working with competing deadlines.
• Robust attention to detail.
• Demonstrates curiosity, with a commitment to continuous improvement.
• Advanced skills in Excel.
  
  

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 talent@revantage.com