Associate

Hines Real Estate Development Associate

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 with Hines, you will be a key supporting member of the San Francisco development team, assisting senior management with all aspects of real estate development projects, including feasibility analysis, entitlements, design coordination, financing, construction, project budgeting, stakeholder coordination, and execution. The Associate may also support acquisitions, new business pursuits, and management of existing assets as needed, but the role is primarily focused on development. Responsibilities include, but are not limited to:

• Provides administrative and financial support to ensure project completion and bring new market opportunities for consideration.
• Supports management of development projects, including feasibility analysis, entitlements, design, financing, contracting, construction, budgeting, schedule management, and project delivery.
• Prepares and maintains development pro formas, project budgets, schedules, cash flow analyses, valuation materials, and other financial analyses using Excel and other relevant tools.
• Coordinates with internal Hines team members and external stakeholders, including professional consultants, lenders, investors, brokers, attorneys, contractors, architects, and public agencies.
• Monitors project budgets and schedules, identifies significant variances, and supports payment review, reporting, and other project controls.
• Supports entitlement, design, site planning, consultant coordination, due diligence, and site selection activities for new and ongoing development projects.
• Facilitates preparation of development presentations, investment materials, lender/investor updates, project agreements, and other documentation.
• Monitors the flow of information regarding project design and execution among interested parties, including investors, consultants, market research personnel, construction groups, architects, and internal teams.
• Works closely with appropriate personnel to help develop and implement project-specific marketing, leasing, and stakeholder communication plans.
• Tracks development trends, market conditions, comparable projects, capital markets, and new opportunities.
• Assists with pursuits and acquisitions as needed, including underwriting, due diligence, market research, and transaction support, while maintaining development as the primary focus of the role.
• Pitches in where needed across the broader office platform, including limited support for existing assets and other team priorities.
• Acts as a collaborative team member with all Hines employees and business partners.
• Comply with all Hines policies and procedures.

Qualifications

Minimum Requirements include:

• Bachelor's degree required; MBA or similar graduate education preferred.
• Three or more years of real estate development experience at institutional-quality scale preferred.
• Alternatively, prior real estate experience combined with an MBA or similar graduate-level education will be considered.
• Demonstrated interest in real estate development required.
• Ability to analyze real estate development projects, market conditions, industry trends, and project-specific data from a strategic point of view.
• Fluency with real estate and investment concepts and financial analyses.
• Communicate clearly and professionally in written and verbal formats, including exchanging ideas, information, and opinions with team members and external stakeholders to support decisions and solutions.
• Possess excellent interpersonal skills and the ability to work with a variety of stakeholders, including internal Hines team members, consultants, lenders, investors, brokers, and other business partners.
• Successfully manage a variety of tasks and competing priorities within tight time schedules.
• Demonstrate strong initiative, sound judgment, and ability to work independently with minimal oversight while seeking and giving feedback.
• Demonstrate a strong work ethic, a desire to learn, and a willingness to give and receive feedback.
• Establish and maintain a cooperative working atmosphere among staff, consultants, and business partners.
• Ability to leverage technology and internet-based tools to perform job functions at the highest level.
• Possess the highest degree of integrity.
• Ability to receive, synthesize, and communicate feedback to improve team and project outcomes.
• Work indoors approximately 90% of the time and outdoors 10% of the time.
• Ability to withstand long working hours, which are frequently necessary.
• Ability to use personal computer, calculator, etc.
• Willingness to meet attendance requirements.
• Ability to walk around project sites under construction to review progress.
• Ability to travel to and from destinations by plane and/or car.
• Ability to visually review and read correspondence, reports, etc.
• Ability to handle a stressful, high-pressure atmosphere.
• Compensation: $147,200 - $165,000

Closing

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 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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