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Blue Owl Capital

Real Assets, CMBS Associate

Posted 6 Days Ago
Be an Early Applicant
In-Office
New York, NY, USA
125K-307K Annually
Mid level
In-Office
New York, NY, USA
125K-307K Annually
Mid level
The Associate will source, underwrite, and execute investments in CMBS, trade CMBS in the secondary market, conduct due diligence, and contribute to investment memoranda and portfolio management.
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Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With over $307 billion in assets under management as of December 31, 2025, 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 approximately 1,365 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).
  • 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 $125,000. 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. 

Top Skills

Quantitative Analysis
Real Estate Finance
Securitized Products

Blue Owl Capital New York, New York, USA Office

399 Park Avenue, 38th Floor, , New York, NY, United States, 10022

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