Associate - Asset Management

Hines•New York, NY

1d•$138,700 - $147,200

About The Position

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. As an Associate with Hines, you will be responsible for providing research and analytical support associated with asset management of an office & retail portfolio comprised of over 6M+ SF located in the Midtown South submarket of Manhattan.

Requirements

Bachelor's degree from an accredited institution.
Four or more years related experience in real estate or in a financial analysis role.
Demonstrate proficiency in Microsoft Office software with intermediate to advanced Excel and PowerPoint skills.
Aptitude to become proficient in Argus real estate modeling software essential.
Ability to read and understand key real estate agreements, including leases, management and leasing agreements, partnership agreements, and loan agreements.
Ability to analyze real estate and industry trends from a strategic point of view.
Analyze and interpret various types of data in order to draw conclusions and solve problems.
Perform numerical and financial calculations and analysis.
Strong proficiency in Microsoft Excel, proficiency with Argus is a plus.
Exchange ideas, information, and opinions with others to formulate policies and programs and/or arrive jointly at decisions, conclusions, or solutions.
Possess excellent interpersonal skills.
Well organized with attention to detail.
Think creatively and contribute to project success.
Successfully manage a variety of tasks within a tight time schedule.
Demonstrate strong initiative and ability to work independently with minimal oversight.
Interact with employees, visitors and business partners with poise and diplomacy.
Ability to handle very stressful, high-pressured atmosphere.
Establish and maintain a cooperative working atmosphere among staff.
Ability to leverage technology and internet to perform all job functions at the highest level.
Work indoors approximately 95% of the time and outdoors 5% of the time.
Ability to withstand long working hours, which are frequently necessary.

Nice To Haves

Prior experience with Argus is a positive.

Responsibilities

Participate in the asset management of existing properties including market research, leasing, property sales, and administration of investor requirements. Duties may include reviewing leases & property financial statements or determining feasibility of proposed capital projects.
Prepare and maintain lease analysis and property cash flow models in Argus and Excel to support budgeting, valuation and investment decision making.
Prepare and maintain investment models to calculate investment returns.
Participate in the annual budgeting process.
Review materials prepared by property managers. Prepare summary schedules.
Help prepare asset management plans for presentation to Senior Management and Joint Venture Partners.
Gather and analyze market data to understand each property’s position in the market.
Support the team and leasing brokers to ensure properties are appropriately positioned relative to their competitive set.
Provide assistance to the team on 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.
Regular site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds.
Interface with third party consultants, including design professionals, engineers, marketers, etc., and oversee and assist with their workstreams.
Assist with the coordination of property marketing events and media campaigns on an ad hoc basis.