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Associate - Asset Management, Multifamily

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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, 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

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 multifamily 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 alignment of actions with organizational goals and values.
Financial Planning and Analysis: Maintain the approved Americas-wide 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.

Qualifications

Minimum Requirements include:

2-4 years of multifamily/living experience in the commercial real estate industry with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.
Bachelor’s degree in Business Administration or equivalent from an accredited institution.
MBA or M.RE 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 problem-solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
Demonstrate prioritization, organization, and time management skills necessary to balance competing deadlines.
Ability to multi-task in a complex high-volume 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, high-pressured 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: $127,900 - $153,400.

Closing

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 billion¹ 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. ¹Includes 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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Average salary estimate

$140650 / YEARLY (est.)

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$127900K

$153400K

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What You Should Know About Associate - Asset Management, Multifamily, Hines

Join Hines as an Associate - Asset Management, Multifamily in sunny Los Angeles, where your career will flourish amidst innovation and excellence! At Hines, we're committed to making a meaningful impact in real estate, and we’re thrilled to welcome someone like you to be part of our dynamic Asset Management team. Your role will involve conducting analysis and managing assets, where you’ll collaborate with Leasing and Operations teams to craft strategies that maximize property value. The exposure to our seasoned leaders means you’ll be learning from the best in the industry, ensuring you're always at the forefront of market trends and effective solutions. Daily, you’ll review property financials and cash flow models to ensure we’re hitting our targets, all while keeping client satisfaction at the heart of what we do. Expect to be actively involved in performance evaluations and help in crafting strategic goals, making your voice heard in setting the trajectory for our multifamily assets. If you’re results-driven, enjoy engaging with diverse teams, and thrive in a fast-paced environment, this is your chance to shine! At Hines, we value creativity and encourage you to think outside the box as you supervise capital projects and manage risk. With our commitment to integrity and mentoring, you’ll not only grow professionally but also contribute to a culture where people matter most. We prioritize investing in our team, providing solid training, and offering competitive compensation and benefits. Ready to make your mark in real estate? We can’t wait to see what you’ll bring to Hines!

Frequently Asked Questions (FAQs) for Associate - Asset Management, Multifamily Role at Hines

What are the responsibilities of an Associate - Asset Management, Multifamily at Hines?

As an Associate - Asset Management, Multifamily at Hines, you will take charge of analyzing property performance and managing assets. You'll work with Leasing and Operations teams to create strategies that enhance asset value while ensuring customer satisfaction. Regular duties include reviewing financial models, evaluating budgeting performance, and developing hold/sell analyses to meet investor goals.