Associate - Asset Management, Living

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 an Associate - Asset Management, Living with Hines, you will be a critical part of the Asset Management team conducting analyses and taking on asset management responsibilities for an individual asset, with guidance. You will support all new acquisitions and existing assets across the multifamily sector. In addition, this role includes exposure to several leaders in Asset Management at Hines.

 

Create Value and Grow the Legacy

• Client-centric Strategic and Financial Leadership: Work with the Leasing and Operations/Property Management teams to support development of short-and-long-term strategies designed to maximize the value and optimize customer satisfaction at each asset. Review property cash flow models and investment returns.
• Asset Management: Address day-to-day and mid-level issue specific to multi-family sectors; communicate high-level issues along with recommended solutions upstream within the Asset Management organization; maintain standards for excellence in service delivery to investors and customers.
• Performance Monitoring and Evaluation: Evaluate the asset’s performance against budget, informing Director-Asset Management of variances. Understand the current value and projected future performance of each asset within the context of investor goals, objectives and benchmarks; develop hold/sell analyses for Asset Management leadership review.
• Goal Setting and Accountability: Create periodic property valuation analyses for each asset, coupled with appropriate supporting market analysis. Work with Leasing and Operations/Property Management functions to develop detailed leasing objectives, operating and financial budgets, project plans, and annual plans, for presentation to Asset Management leadership.
• Data-Driven Decision Making: 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 and report same to Director-Asset Management with proposed solutions.

Take Risks You Believe In

• Entrepreneurial Creativity: Actively interact with Operations/Property Management to generate best in class concepts to elevate customer experiences at Hines assets. Challenge the status quo. Supervise execution of capital projects and tenant improvements.
• Smart Risk-Taking: Ensure that partnership and loan document requirements are satisfied. Assist on-site PM teams across all responsibilities (e.g., leasing, project management) when required.
•  Data-Informed Decisions: Review all monthly, quarterly, and annual property reporting required by Owner and Lender, and provide review comments to Director - Asset Management.

Create Lasting Partnerships

• Senior Leadership: Assist in the review of valuation models (Argus and Excel) and acquisition underwriting models; perform updates on an ongoing basis.
• Cross-Functional Collaboration: Conduct due diligence and assist in closing new business pursuits. Work effectively with business generation colleagues and perform optimally under various leadership styles.
• Influence: Comply with all Hines policies and procedures. Energize Analyst teammates through approachable leadership and rigorous work ethic. Develop relationships with and inspire on-site
• property teams to operate efficiently while prioritizing the needs of investors and customers.
• Effective Communication: Communicate using clear, fact-based analysis, effective presentations, and excellent interpersonal skills.

Be a Great Leader and Team Builder

• Team: Be a great teammate with a focus on the client-centric asset management function.
• Change Management: Demonstrate the ability to manage change at an organizational and strategic level as an effective teammate.

Act with the Highest Principles

• Integrity and Forethought: Demonstrate a high degree of integrity and forethought in decision-making, with the ability to act in a transparent and consistent manner, always considering what is best for the investor, customer, team and organization. Balance independence with seeking guidance as appropriate.
• Fiduciary Mindset: Demonstrate the ability to act in the best interest of the company, the investor, and the asset, ensuring alignm