Director - Asset Management

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 ponsibilities

As a Director – Asset Management with Hines, you will be a critical part of the Asset Management team on all new acquisitions and existing assets across a geographic market-based, product type diverse portfolio. 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 Leasing and Operations/Property Management teams. All strategies should be designed to maximize asset value and optimize customer satisfaction.

Asset Management:
Address mid-level issues within the portfolio with measured, data-driven, independent decision-making. Communicate high-level issues along with recommended solutions to the Senior Managing Director – 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 leasing objectives, operating and financial budgets, project plans, and annual plans 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 Managing Director – Asset Management.

Responsible for working in close collaboration with Development, Accounting and Property Management teams to ensure seamless transition of assets from development to operations.

Seek guidance and decision making from Development teams on critical asset decisions.  Take Risks You Believe In Entrepreneurial Creativity:
Solve mid-level asset issues with a sound, creative approach to problem-solving.

Smart Risk-Taking:
Ensure that partnership and loan document requirements are satisfied. Encourage Leasing and Property Management teams to deploy smart risk-taking to deliver distinguished returns. Create Lasting Partnerships Senior Leadership:
Manage the leasing activity of certain assets to include leasing agent selection and management, 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 authorizations and lease documents prior to ownership execution. Comply with all Hines policies and procedures.

Cross-Functional…