Associate - Asset Management

Job Description

Overview

When you join Hines, you will work alongside innovative leaders who set the standards responsible for our reputation as an industry leader today, and you'll be a part of shaping our future in the years to come.

Responsibilities

As an Associate - Asset Management with Hines, you will be a critical part of the Asset Management team on all new acquisitions and existing assets across product types within Southern California. Responsibilities may include but are not limited to:

• Work with the Leasing and Operations/Property Management teams to develop short-and-long-term strategies designed to maximize the value and tenant satisfaction of each asset.
• Address day-to-day and mid-level issues; communicate high-level issues to ownership and develop solutions.
• Understand the current value and projected future performance of each asset; develop hold/sell recommendation in accordance with ownership's thesis.
• Create annual property valuation analyses for each asset. Perform market analysis working with Leasing and Operations/Property Management functions to develop leasing objectives, operating and financial budgets, project plans, and annual plans.
• Monitor property operating and financial performance to ensure established goals and objectives are being achieved. Discuss material variances with Property Management and Accounting functions; determine key drivers creating variances.
• Supervise execution of capital projects and tenant improvements.
• Ensure that partnership and loan document requirements are satisfied.
• Review and approve all monthly, quarterly, and annual property reporting required by Owner, Lender and Region.
• Assist in the review of valuation models (Argus and Excel) and acquisition and perform updates an on-going basis.
• Conduct due diligence and assist in closing of new business pursuits.
• Comply with all Hines policies and procedures.

Qualifications

Minimum Requirements include:

 

• Bachelor's degree in Business Administration or equivalent from an accredited institution.
• Two or more years of experience in the commercial real estate industry with a preference for, office or retail assest management experience with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.
• Proficiency with Microsoft Office and Argus valuation software essential.
• Provide leadership and mentorship for team development.
• Possess the highest degree of integrity. Be a risk taker.
• Effective interpersonal communication (verbal and written) and listening skills.
• Analytical problem-solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations. Own one's decisions.
• Demonstrate prioritization, organization, and time management skills necessary to balance competing deadlines.
• Ability to multi-task in a complex high-volume environment and competency to work with all levels of management and personnel on critical projects.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2021.

We are an equal opportunity employer and support workforce diversity.

No calls or emails from third parties at this time please.

*Salary is to be discussed during the interview process and the estimated salary shown is inaccurate. The salary offered is determined based on experience.

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