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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 with Hines, you will be responsible for providing analytical support to the asset management team that is required for value-creation on the retail asset class. Responsibilities include but are not limited to:
- Prepare and maintain property cash flow models in Excel to support budgeting, valuation and investment decision making. Prepare and maintain investment models to calculate investment returns and cash flow waterfalls.
- Participate in the annual budgeting process. Review materials prepared by operating partners and property managers. Prepare summary schedules. Help prepare asset management plans for presentation to senior management.
- Gather and analyze market data to understand each property’s position in the market. Support asset managers to ensure properties are competitively priced relative to their competitive set.
- Provide assistance to asset managers on assets whilst under management, dispositions and refinancings, as requested. Gather and organize property information; help prepare materials for pitchbooks and deal rooms; help evaluate purchase offers, etc.
- Gather and organize materials used to support property valuations. Interface with third-party appraisers and brokers, responding to questions.
- Assist with requests related to lender reporting, such as preparing cash flow projections to ensure compliance with DSCR and LTV covenants.
- Support the asset management and acquisition teams on various underwriting and due diligence activities.
- Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds.
- Attend industry events to learn about innovative technologies, market trends, etc.
- Serve as a team member of various project teams as required to facilitate company needs.
- Act as a team member with all Hines employees.
- Comply with all Hines policies and procedures.
Qualifications
Minimum Requirements include:
- Degree in Estate Management, Property Economics or equivalent.
- Five or more years of experience working in the commercial real estate industry for a real estate company with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.
- Ability to work independently and needs a minimum oversight.
- Possess the highest degree of integrity.
- Excellent verbal and written communications skills.
- Excellent interpersonal skills.
- Ability to think creatively and contribute to project success.
- Ability to manage a variety of tasks within a tight time schedule.
- Ability to analyze real estate from a strategic point of view.
- Well organized with a strong attention to detail.
- Proficiency with Excel, Word and PowerPoint. Argus valuation software is valuable.
Source: Hines’s Career Page
