Associate or Director - Industrial & Logistics

Hines; Phoenix (AZ); On-site; USD 95,000 - 150,000; Full time

Job summary

Hines seeks an Associate or Director of Industrial and Logistics to underwrite and execute acquisitions and developments of light industrial real estate in the Phoenix MSA. Title and compensation will reflect experience and the scope may expand geographically.

The role requires coordinating with ownership, consultants, and internal teams to deliver projects on time, on budget, and with strong financial results, while supporting leasing activity and investor communications.

Qualifications

• Bachelor’s degree and/or MBA from an accredited university.
• Three or more years’ work experience specifically in underwriting and financial analysis, preferably in industrial and logistics.
• Proficiency with financial analysis; exposure to development, construction and leasing is a plus.
• Underwriting and Excel skills; strong communication and initiative.

Responsibilities

• Underwrite and execute acquisitions and developments of light industrial real estate investments in the Phoenix MSA.
• Support Senior Managing Director in off-market purchases and engagement with the ownership community.
• Prepare financial models, budgets, proformas, and investor reports; respond to leasing RFPs.
• Coordinate with external consultants, architects, engineers, and internal teams to deliver projects on time and budget.
• Collaborate with asset management on leasing and operational assignments; lead diligence and site planning.
• Interact with brokers and city officials on leasing, planning, and zoning matters.

Skills

Underwriting

Financial modeling

Excel skills

Development experience

Education

Bachelor's degree / MBA

Job description

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

Hines is hiring an Associate or Director of Industrial and Logistics, title and compensation shall be commiserate with experience. This position is charged with underwriting and executing acquisitions and developments of light industrial real estate investments in the Phoenix MSA with the potential for additional geography in the region. Responsibilities include but are not limited to:

• Actively support the Senior Managing Director to engage with the ownership community on off market purchases of existing industrial buildings and industrial development sites.
• Gathering, vetting and prioritizing offering memorandums for the acquisition of existing assets as well as marketed development sites. Perform financial modeling of acquisitions and developments, as well respond to leasing RFPs and issuing leasing proposals that achieve the targeted financial metrics.
• Prepare financial models, development budgets, investment committee presentations, and monthly financial reports to investors.
• Support the Senior Managing Director to coordinate the work of external consultants, including property condition assessment consultants, design architects, and engineers in addition to internal teams, including construction, accounting, and property management.
• Collaborate with the asset management team on leasing and operational assignments.
• Participate in on-site OAC meetings with the Hines construction manager to lead the diligence, site planning, and building design, and manage the consultant and contractor teams to deliver new construction on-time, on-budget, and on-quality.
• Assist with interactions with third-party brokers to manage the leasing of the industrial portfolio. Interact with city officials on planning and zoning issues.
• Interface with the Senior Managing Director for capital requirement and liquidity purposes. Prepare monthly investor reports, variance analyses and updated proformas.

Qualifications

Minimum Requirements Include:

• Bachelor’s degree and/or MBA from an accredited university.
• Work experience will be considered in lieu of graduate degree.
• Three or more years’ work experience specifically in underwriting and financial analysis, preferably in industrial and logistics. Experience in alternate asset class may be considered.
• Proficiency with financial analysis.
• Exposure to development, construction and leasing is a plus.
• Underwriting and excel skills.
• Excellent interpersonal and communication skills with an eye for detail.
• Possess a sense of urgency and desire to grow the industrial platform.
• Demonstrate strong initiative and problem-solving skills.
• Willingness to roll up your sleeves and work closely with a team of consultants and contractors.

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.

No calls or emails from third parties at this time please.