Associate - Portfolio Management, Real Estate Equity

About this role

Business Unit Overview:

BlackRock Real Estate currently manages nearly $20 billion invested in direct properties within the United States, Europe and APAC.  The Real Estate Equity business invests across a broad array of investment strategies including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses all major property types including residential, industrial, retail, and office.

Role Overview:

BlackRock Real Estate Investment Management is seeking an Associate based in Newport Beach to support portfolio management, client reporting, and investment analysis. This execution-oriented role will be responsible for conducting financial analysis, preparing client reporting materials, and supporting underwriting and asset-level decision-making across the portfolio.

Key Responsibilities:

Client Reporting & Portfolio Analytics

• Support the preparation of monthly, quarterly, and ad hoc portfolio reports, including operational performance, returns, and attribution analysis

• Prepare quarterly property summaries covering leasing activity, operations, capital projects, and market conditions

• Maintain and enhance internal databases, reporting models, and portfolio tracking tools

• Respond to data and analysis requests from clients, portfolio managers, and senior leadership

Financial Analysis & Asset-Level Support

• Build and maintain property-level cash flow and return models using Excel and ARGUS

• Assist in the review of operating budgets and the development of business plans

• Evaluate capital projects and renovation programs, including return on cost and ROI analysis

• Review financial statements, capital calls, and distribution requests in partnership with accounting teams

• Monitor market trends and key performance drivers affecting asset performance

Leasing, Operations & Asset Management Support

• Review lease proposal analyses, including tenant credit and valuation implications

• Monitor property performance against underwriting assumptions and budget expectations

• Support the evaluation of operational initiatives and asset-level business strategies

Investment & Transaction Support

• Support acquisition and disposition underwriting through financial modeling and analysis

• Prepare investment committee materials, memoranda, and supporting analyses

• Assist with due diligence and transaction execution, including data organization and analysis

Team & Platform Support

• Contribute to process improvements across reporting, analytics, and portfolio management workflows

• Participate in special projects and ad hoc analyses as needed

• Partner closely with internal teams, including investments, accounting, and valuations, as well as external partners

Qualifications

• Bachelor’s degree in finance, Real Estate, or a related field

• 1–4 years of relevant experience; internships may be considered for Analyst-level candidates

• Strong financial modeling, analytical, and Excel skills

• Familiarity with ARGUS and PowerPoint preferred

• Foundational understanding of accounting, debt structures, and capital markets

• Highly organized, detail-oriented, and able to manage multiple priorities in a fast-paced environment

• Strong written and verbal communication skills

• Collaborative team player with the ability to work effectively across functions and stakeholders

• Demonstrated ownership, sound judgment, and a strong execution mindset

For Newport Beach, CA Only the salary range for this position is USD$115,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.