Senior Associate, Transactions

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Revantage is a Blackstone Company that provides a highly skilled employee base, best-in-class processes, and state-of-the-art technology to multiple Blackstone real estate portfolio companies. Sectors include Hospitality, Industrial, Multi-Family, Office, Retail, Senior Housing, and Manufactured Homes.


Revantage, headquartered in Chicago, is one of three global offices that includes Revantage Asia and Revantage Europe.



Creating a culture that inspires change and momentum require the right team.  We know what it takes to lead an industry, and are looking for leaders who seek constant growth, want to excel, and continuously improve upon themselves and the industry.  The culture at Revantage is built on our shared core values and commitment to be:


  • Achievers – We expect high standards for ourselves and enable the success of our teams
  • Enthusiasts – We face challenges with optimism and believe anything is possible
  • Leaders – We commit to continuously improve our performance
  • Learners – We learn from our challenges and successes
  • Partners – We deliver value and positive impact to our partners



The Senior Accountant - Transaction Accounting assists Blackstone and their real estate portfolio companies’ deal teams with handling the closings for multifamily, self-storage, student housing, manufactured housing, and hospitality acquisition and disposition objectives as an integral part of a fast-paced reporting team. The Senior Accountant will also assist the investment reporting teams with the onboarding of new assets and legal entities into Revantage’s accounting system, Workday. In addition, this individual will also be responsible for the preparation and/or review of acquisition and disposition workbooks and corresponding journal entries.  This position is based out of Revantage’s headquarters in Chicago, IL.


  • Comprehend/review newly executed purchase and sale agreements and understand/investigate any accounting consequences as well as the impact of prorations
  • Comprehend/review newly executed joint venture agreements and loan documents and understand/investigate any accounting and/or financial reporting consequences on an asset and fund-level
  • Coordinate supporting information needed with legal teams, title companies, Blackstone’s real estate portfolio companies, lenders and property managers to prepare closing statements; additional coordination directly with Blackstone on acquisitions
  • Calculate prorations on transactions for inclusion in the closing statement based on the purchase and sale agreement
  • Draft and finalize internal closing statement to be distributed to the buyer, seller and title company (reconcile to title company statement); coordinate internal team and buyer review/approval prior to closing
  • For property acquisitions, prepare accounting system templates to create, setup, and onboard new assets and legal entities
  • For property acquisitions, review third party purchase price allocation reports and prepare corresponding entries. Ensure the opening entries recorded reconcile to the executed closing documents and other support.  Coordinate with Blackstone and/or their fund administrator and real estate portfolio companies in order to ensure the completeness of the entries recorded.
  • For property acquisitions, summarize and document the methodologies, assumptions, and overall approach to testing the purchase price allocation reports. Coordinate with third party valuation firms, Revantage valuations team, and Blackstone and/or their real estate portfolio companies’ deal teams in assisting with the purchase price allocation estimates; test key inputs used in the purchase price allocation estimates.
  • Prepare or review disposition journal entries and gain/loss calculation and ensure properly recorded by the property managers
  • Actively participate in calculating or reviewing reprorations (post acquisition/disposition true ups) within the designated period per the purchase sale agreement
  • Prepare or review acquisition/disposition rollforwards and cash flow summary on a quarterly basis
  • Prepare or review redisposition balance sheet clean up analysis and post balance sheet write off entries
  • Respond to audit inquiries from public accounting firms
  • Supervise accounting associate/senior and demonstrate leadership skills
  • Perform special ad hoc projects and analysis on a frequent basis



  • Bachelor’s degree in Accounting or related field
  • Minimum 4 years general accounting experience
  • Excellent communication, problem solving and interpersonal skills necessary.
  • Must be a motivated self-starter with strong team leadership and problem-solving skills, the aptitude to think independently, and the motivation to work with a team in a rapidly changing environment.
  • Must have knowledge of US GAAP
  • Ability to multi-task and manage shifting priorities and deadlines, with attention to detail and an ability to work both independently and in a team environment.
  • Real estate accounting experience


  • Big 4/Public Accounting experience
  • CPA certification
  • Commercial real estate fund reporting experience
  • Fair value reporting experience
  • Accounting system consolidation experience/knowledge

Perks for You

  • Competitive salary, overall compensation and 401(k)
  • Work-life balance offerings include:
    • Remote work policy
    • Productivity Hours – weekly meeting-free work time
    • Weekly Summer Fridays
  • In-house and external learning & development opportunities
  • Generous health insurance and wellness benefits


EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email


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