Director - Self Storage - Asset Management

Overview

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

Responsibilities

As a Senior Associate – Self-Storage – Asset Management, you will be a critical part of the Self-Storage team, with responsibility for asset performance optimization, REIT third-party property management oversight, financial modeling and analytics, investor and lender relations, debt and equity capitalization support, and disposition analyses and execution across a large and growing National, institutional quality self-storage portfolio. We are seeking a high-performing and entrepreneurial-minded professional to help us build a large-scale national self-storage platform. This role provides significant runway to grow and advance professionally in a highly respected institution. Responsibilities include but are not limited to:

 

• Client-centric strategic and financial leadership: Lead the development of short- and long-term asset strategies in partnership with acquisitions, development, and property management teams, designed to maximize asset value and optimize performance.

• Asset management and performance optimization: Identify issues and opportunities within the portfolio using data-driven, independent judgment. Communicate key risks, opportunities, and recommended solutions to senior leadership.

• Performance monitoring and analytics: Develop a deep understanding of each asset and its operating and financial performance relative to underwriting, budgets, forecasts, and competitive sets. Evaluate market trends and asset positioning to inform hold/sell recommendations.

• Financial modeling and valuation: Perform complex asset-level and portfolio-level financial modeling, including cash flow projections, sensitivities, valuation analyses, and scenario modeling.

• Third-party property management oversight: Manage REIT third-party property management relationships, review budgets and capital plans, challenge assumptions, monitor KPIs, and drive accountability to optimize results.

• Reporting and investor communications: Prepare and oversee monthly, quarterly, and annual reporting for owners, partners, investors, and lenders, escalating material issues as appropriate. Prepare ad-hoc reporting on request.

• Capital markets support: Assist with lender and investor relationships, RFP processes, financing and refinancing analyses, and ongoing lender compliance and reporting.

• Disposition execution: Lead disposition analyses, and assist with broker selection and RFP processes, buyer diligence coordination, bid evaluation, and transaction execution through closing.

• Data-driven decision making: Leverage advanced analytics, automation, industry software, and AI-enabled tools to enhance performance tracking, forecasting, and problem-solving.

• Collaboration and relationship building: Work closely with acquisitions, development, asset management, accounting, and property management teams, and build strong relationships across the self-storage industry including REITs, capital partners, brokers, and vendors.

Qualifications

Minimum Requirements include: 

 

• Bachelor of Business Administration, Finance, Real Estate, or related degree from an accredited institution.

• Five (5) or more years of institutional real estate asset management experience; self-storage experience required.

• Significant experience with financial modeling, asset performance oversight and reporting, interfacing with accounting, and execution of strategic business plans.

• Experience working with REIT-affiliated or institutional third-party property managers.

• Experience with capital markets, investor reporting and investor and lender relations.

• Significant self-storage industry expertise, engagement and relationships.

• Experience supporting or leading asset disposition processes.

• Experience mentoring and collaborating with team members.

• Advanced proficiency in Microsoft Excel and financial modeling.

• Experience with self-storage platforms and analytics tools.

• Experience with Argus strongly preferred.

• Capability using AI and advanced analytics for performance evaluation and problem-solving.

• High degree of integrity, professionalism, and institutional mindset.

• Str