Senior Associate - Self Storage - 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 at Hines.

Responsibilities:

As a Senior Associate - Self-Storage - Asset Management, you will be a critical part of the Self-Storage team, with responsibility for asset performance optimization, REIT third-party property management oversight, financial modeling and analytics, investor and lender relations, debt and equity capitalization support, and disposition analyses and execution across a large and growing National, institutional quality self-storage portfolio. We are seeking a high-performing and entrepreneurial-minded professional to help us build a large-scale national self-storage platform. This role provides significant runway to grow and advance professionally in a highly respected institution. Responsibilities include but are not limited to:

* Client-centric strategic and financial leadership: Lead the development of short- and long-term asset strategies in partnership with acquisitions, development, and property management teams, designed to maximize asset value and optimize performance.

* Asset management and performance optimization: Identify issues and opportunities within the portfolio using data-driven, independent judgment. Communicate key risks, opportunities, and recommended solutions to senior leadership.

* Performance monitoring and analytics: Develop a deep understanding of each asset and its operating and financial performance relative to underwriting, budgets, forecasts, and competitive sets. Evaluate market trends and asset positioning to inform hold/sell recommendations.

* Financial modeling and valuation: Perform complex asset-level and portfolio-level financial modeling, including cash flow projections, sensitivities, valuation analyses, and scenario modeling.

* Third-party property management oversight: Manage REIT third-party property management relationships, review budgets and capital plans, challenge assumptions, monitor KPIs, and drive accountability to optimize results.

* Reporting and investor communications: Prepare and oversee monthly, quarterly, and annual reporting for owners, partners, investors, and lenders, escalating material issues as appropriate. Prepare ad-hoc reporting on request.

* Capital markets support: Assist with lender and investor relationships, RFP processes, financing and refinancing analyses, and ongoing lender compliance and reporting.

* Disposition execution: Lead disposition analyses, and assist with broker selection and RFP processes, buyer diligence coordination, bid evaluation, and transaction execution through closing.

* Data-driven decision making: Leverage advanced analytics, automation, industry software, and AI-enabled tools to enhance performance tracking, forecasting, and problem-solving.

* Collaboration and relationship building: Work closely with acquisitions, development, asset management, accounting, and property management teams, and build strong relationships across the self-storage industry including REITs, capital partners, brokers, and vendors.

Qualifications:

Minimum Requirements include: 

* Bachelor of Business Administration, Finance, Real Estate, or related degree from an accredited institution.

* Five (5) or more years of institutional real estate asset management experience; self-storage experience required.

* Significant experience with financial modeling, asset performance oversight and reporting, interfacing with accounting, and execution of strategic business plans.

* Experience working with REIT-affiliated or institutional third-party property managers.

* Experience with capital markets, investor reporting and investor and lender relations.

* Significant self-storage industry expertise, engagement and relationships.

* Experience supporting or leading asset disposition processes.

* Experience mentoring and collaborating with team members.

* Advanced proficiency in Microsoft Excel and financial modeling.

* Experience with self-storage platforms and analytics tools.

* Experience with Argus strongly preferred.

* Capability using AI and advanced analytics for performance evaluation and problem-solving.

* High degree of integrity, professionalism, and institutional mindset.

* Strong entrepreneurial mindset, drive, independent and strategic thinking, problem-solving and self-sufficiency.

* Excellent written and verbal communication skills.

* Strong analytical problem-solving skills and ownership of decisions.

* Ability to prioritize, manage multiple deadlines, and operate in a fast-paced environment.

* Work indoors approximately 90% of the time and outdoors 10% of the time.

* Expectation to work in-office.

* Ability to work extended hours when necessary.

* Ability to thrive and advance in a high-pressure institutional environment.

* Willingness to travel by plane and/or car as required, including travel to conferences and portfolio assets.  Expectation for meaningful travel.

* Ability to walk project and property sites as needed.
			

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