Real Assets, CMBS Associate

Posted Yesterday
Be an Early Applicant
New York, NY, USA
In-Office
140K-150K Annually
Mid level
Fintech • Payments • Financial Services
The Role
Support senior team members to source, underwrite, structure, and execute CMBS and securitized CRE investments. Trade CMBS in secondary markets, conduct asset-level due diligence, market research, deal negotiation, and underwriting. Prepare investment memos and support portfolio management and asset allocation decisions.
Summary Generated by Built In

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With over $315 billion in assets under management as of March 31, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,390 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

Responsibilities:

  • Partner with senior team members to source, underwrite, structure, and execute new investments across the capital structure, with an emphasis on CMBS and other securitized CRE credit, with a primary focus on SASB CMBS.

  • Actively trade CMBS and other securitized CRE credit assets in the secondary market, originating trade ideas and delivering best execution for clients.

  • Engage in all aspects of due diligence and investment analysis to develop and refine investment theses. This includes asset-level analysis, market research, deal negotiation, structuring, and underwriting.

  • Assisting in the development of investment memos and supporting analysis to help drive the investment process and inform the decision-making of our investment committee.

  • Involvement in portfolio management and asset allocation for our various strategies and investment objectives.

Qualifications:

  • A bachelor's degree from a top-tier undergraduate program is required.

  • 2-4 years of experience in real estate finance investing (preferably real estate investment banking, securitized product trading, private equity, private credit, family office, hedge fund, institutional brokerage, or REIT acquisitions roles).

  • Leverage AI as a tool to drive efficiency

  • Exceptional quantitative and analytical skills.

  • Excellent verbal and written communication skills.

  • Ability to work effectively in a team environment.

  • Ability to manage multiple priorities with autonomy to accomplish objectives promptly.

  • Strong understanding of financial markets and trading.

It is expected that the base annual salary range for this New York City-based non-exempt position will $140,000 - $150,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. 

Skills Required

  • Bachelor's degree from a top-tier undergraduate program
  • 2-4 years of experience in real estate finance investing (real estate investment banking, securitized product trading, private equity, private credit, family office, hedge fund, institutional brokerage, or REIT acquisitions)
  • Experience with CMBS and securitized CRE credit, with emphasis on SASB CMBS
  • Ability to leverage AI as a tool to drive efficiency
  • Exceptional quantitative and analytical skills
  • Excellent verbal and written communication skills
  • Ability to work effectively in a team environment
  • Ability to manage multiple priorities with autonomy
  • Strong understanding of financial markets and trading

Blue Owl Capital Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Blue Owl Capital and has not been reviewed or approved by Blue Owl Capital.

  • Leave & Time Off Breadth Unlimited vacation, Flexible Fridays, and a fully remote August are explicitly offered, providing unusually broad time-off options for the industry. Generous PTO and paid sick time are also part of the stated package.
  • Healthcare Strength Company-provided medical, dental, and vision coverage is included as a core benefit. Some plan options are described as low cost, reinforcing the strength of the healthcare offering.
  • Parental & Family Support Parental leave and fertility/family‑planning benefits are explicitly included. Family support is highlighted as a meaningful component of the overall package.

Blue Owl Capital Insights

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The Company
HQ: New York, NY
1,162 Employees
Year Founded: 2021

What We Do

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. Together with over 1,050 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com. Social Media Disclaimers https://www.blueowl.com/social-media-disclaimers

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