Director - Asset Management

Director - Asset Management at Hines

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 Director – Asset Management with Hines, you will be a critical part of the Living Asset Management team on new acquisitions, lease-ups, and stabilized assets across a geographic market. Responsibilities include, but are not limited to :

• Create Value and Grow the Legacy
• Client-centric Strategic and Financial Leadership : Lead the creation of short- and long-term asset strategies with the Business Generation and Operations / Property Management teams. All strategies should be designed to maximize asset value and optimize customer satisfaction.
• Asset Management : Address issues within the portfolio with measured, data-driven, independent decision-making. Communicate high-level issues along with recommended solutions to the Senior Director – Living Asset Management.
• Performance Monitoring and Evaluation : Develop a deep understanding of the asset’s performance in comparison to its competitive set, evaluating real estate and capital market trends and providing a data-supported evaluation of performance to Asset Management leadership. Understand the current value and projected future performance of each asset within the context of investor goals and objectives; review analyses to make hold / sell recommendations to Asset Management leadership.
• Goal Setting and Accountability : Create periodic property valuation analyses for each asset, supported by market analysis. Review detailed performance objectives, operating and financial budgets, project plans, and annual plans developed by Asset Management Associates and provide necessary feedback to course-correct as appropriate in arriving at a well-supported property valuation. Establish clear, challenging goals for onsite property management teams to elevate asset performance.
• Data-Driven Decision Making : Monitor property operating and financial performance to ensure established goals and objectives are being achieved. Discuss material variances with Associates and Analysts to determine key drivers and identify potential pathways to mitigating unfavorable performance variances.
• Responsible for creating all monthly, quarterly, and annual property reporting required by Owners, Partners, Investors and Lenders, raising any potential concerns to Senior Director – Living Asset Management.
• Responsible for working in close collaboration with Acquisitions, Development, Accounting and Property Management teams to ensure performance and consensus on key asset decisions.
• Take Risks You Believe In
• Entrepreneurial Creativity : Solve asset issues with a sound, creative approach to problem-solving.
• Smart Risk-Taking : Ensure that partnership and loan document requirements are satisfied. Encourage Operations / Property Management teams to deploy smart risk-taking to deliver distinguished returns.
• Create Lasting Partnerships
• Cross-Functional Collaboration : Work effectively with business generation colleagues in the geographic market. Function as a multifamily resource across the geographic market.
• Executive Influence : Mentor and train Analysts and Associates in the Hines culture and best practices as appropriate. Motivate property management teams with servant leadership.
• Be a Great Leader and Team Builder
• Team : Be a great teammate with a focus on the client-centric asset management function. Mentor / coach analysts and associates to develop a deep understanding of Hines, Multifamily and Asset Management best practices.
• 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 : A leader who demonstrates 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.
• 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 : Analyze Americas-wide reporting packages that cover historical, current, and projected operating and financial performance. Activate creative measures at the asset level with management services, leasing, and other disciplines to effectively and meaningfully grow Net Operating Income (NOI).
• Investor and Tenant Reporting : Utilize Hines standardized reporting practices to enhance proactive communication with transparency, consistency, and accessibility of information.

Qualifications

Minimum Requirements include :

At Hines, we strive for excellence as a leading global real estate investment manager, driven 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, mixed-use, 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 5,000 dedicated employees in 30 countries who draw on our 65-year 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 Company’s prestigious annual list of the World’s 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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