Director – Asset Management Full Time NEW

Hines is seeking to appoint a Director of Asset Management to join the firms Milan office. Reporting to Davide Calcaterra, Managing Director, Head of Asset Management and Management Services for Italy. This role is a critical part of the Asset Management team for all new acquisitions and existing assets across product types in Italy.

This person will be part of the team responsible for overseeing a diversified real estate portfolio of c. € 8.0 billion, including assets for which Hines performs a fiduciary role plus assets where Hines is a third-party fee only manager in an asset &/or property manager capacity.

• Oversee creation of annual property business plans for each asset; perform market analysis and work with internal and external functions to develop leasing objectives, operating and financial budgets, and capital/renovation/repositioning project plans.
• Manage risk at all stages of the investment lifecycle – from acquisition and development through to stabilisation and exit – identifying potential vulnerabilities and implementing mitigation strategies.
• Manage the leasing activity of certain properties to include leasing agent selection and management rent setting strategy, commercial lease analyses, drafting proposals, negotiating economic/legal terms, and working closely with legal counsel in review of lease documents; review and approve all applicable authorisations and lease documents prior to ownership execution.
• Review and approve pricing for capital/tenant improvement projects and contracting, then ensure that financial controls are in place during construction, including capital draw procedures.
• Understand the current value and projected future performance of each asset and what property specific factors impact values; develop hold/sell recommendation in accordance with owner’s investment thesis; manage Analysts and Accounting teams to develop and maintain property discounted cashflow models and sensitivities, (e.g. Argus, Excel,).
• Facilitate broker selections, negotiate transaction documents for dispositions, manage the disposal closing process.
• Provide leadership and oversight for all aspects of property performance for the existing portfolio.
• Help in the management of the asset management team and work with property level teams to develop short- and long-term strategies designed to maximise financial value and occupier satisfaction of each asset.
• Collaborate with and challenge internal / external teams and operating partners, fostering a culture of accountability, transparency, and performance enhancement.
• Grow and elevate the team and be a mentor to younger employees.
• Support Acquisitions/Development functions by reviewing legal documents including purchase agreements, loan documents, conduct/coordinate due diligence.
• Interest in AI and its use in day-to-day management to ensure efficiency and effectiveness. The freed-up time should be used to improve quality and service.

Qualifications

Minimum Requirement include:

• Bachelor’s degree from an accredited institution required.
• MBA or Masters in Real Estate preferred.
• Eight or more years of real estate asset management experience.
• Experience leading/managing a team and mentoring team members.
• Supplemental experience in acquisitions, leasing, development, and/or property management.
• Ability to identify risks/mitigations and value-added opportunities, and make sound, long-term investment decisions.
• Strong negotiation, collaboration, and decision-making skills.
• Resourceful and independent in carrying out responsibilities and assignments.
• Enables success in both employees and peers through mentoring and coaching.
• Ability to perform complex financial analyses, understand and explain economic and accounting information, and prepare and manage operating budgets.
• Project management (budget, schedule, problem solving).
• Effective written and verbal communication skills.
• Proficient in Microsoft Office Suite.

Source: Hines’s Career Page

Tagged as: REPE Firm