Associate - Asset Management Multifamily

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 Companys esteemed annual list of the Worlds Most Innovative Companies as well as recognition as one of U.S. News & World Reports Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

As an Associate Asset Management Multifamily 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

• Clientcentric Strategic and Financial Leadership: Work with the Leasing and Operations/Property Management teams to support development of shortandlongterm strategies designed to maximize the value and optimize customer satisfaction at each asset. Review property cash flow models and investment returns.
• Asset Management: Address daytoday and midlevel issue specific to multifamily sectors; communicate highlevel 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 assets performance against budget informing DirectorAsset 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.
• DataDriven 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 DirectorAsset 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 of capital projects and tenant improvements.
• Smart RiskTaking: Ensure that partnership and loan document requirements are satisfied. Assist onsite PM teams across all responsibilities (e.g. leasing project management) when required.
• DataInformed 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.
• CrossFunctional 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 onsite
• property teams to operate efficiently while prioritizing the needs of investors and customers.
• Effective Communication: Communicate using clear factbased analysis effective presentations and excellent interpersonal skills.

Be a Great Leader and Team Builder

• Team: Be a great teammate with a focus on the clientcentric 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 decisionmaking 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 alignment of actions with organizational goals and values.
• Financial Planning and Analysis: Maintain the approved Americaswide reporting packages that cover historical current and projected operating and financial performance. Effectively analyze and track portfolio performance and make recommendations for how to grow Net Operating Income (NOI).
• Investor and Tenant Reporting: Utilize Hines standardized reporting practices to enhance transparency consistency and accessibility of information.

Minimum Requirements include:

• 24 years of multifamily/living experience in the commercial real estate industry with responsibility for financial analysis leasing/marketing activity oversight and of strategic plans.
• Bachelors degree in Business Administration or equivalent from an accredited institution.
• MBA or strongly preferred.
• Proficiency with Microsoft Office and Argus valuation software essential.
• Proficiency with Entrata AIRM/Real Page REBA RedIQ preferred
• 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 problemsolving skills capable to undertake detailed analyses and make wellreasoned decisive recommendations.
• Demonstrate prioritization organization and time management skills necessary to balance competing deadlines.
• Ability to multitask in a complex highvolume environment and competency to work with all levels of management and personnel on critical projects.
• Ability to withstand long working hours which are frequently necessary.
• Ability to handle stressful highpressured atmosphere.
• Ability to meet highest attendance requirements.
• Willingness and ability to walk around project sites under construction to review progress.
• Willingness and ability to travel to and from destinations by plane and/or car.
• Ability to visually review and interpret correspondence reports etc.
• Compensation: $127900 $153400.

At Hines we strive for excellence as a leading global real estate investment manager driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion of assets across such property types as living office retail mixeduse logistics and life science projects all designed to enhance value connection and inspiration. Our strategic approach integrates local expertise with global knowledge taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients needs.

While our projects are renowned for enhancing cities and pioneering sustainable practices we recognize that the true driving force behind Hines success is our 5000 dedicated employees in 30 countries who draw on our 65year history to build the world forward. This is why we prioritize investing in our people offering comprehensive training competitive compensation robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team we cultivate an inclusive environment where everyone including our clients can thrive.

Hines is proud to be named to Fast Companys prestigious annual list of the Worlds Most Innovative Companies for 2024. Includes both the global Hines organization and RIA AUM as of December 31 2023.

We are an equal opportunity employer and support workforce diversity.

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