Hines Comp?
I'm looking at stuff online but it seems to be all over the place. Anybody have an idea of what progression there would be like, either for investment or development group?
Trending Content - Real Estate Forum
Career Resources
Based on the most helpful WSO content, compensation at Hines can vary significantly depending on the role, location, and group (investment or development). For associates in acquisitions and development, large shops like Hines typically offer competitive compensation packages. However, specific details on progression and pay scales are not explicitly outlined in the provided context.
If you're currently at a medium-sized family office earning around $90k all-in, transitioning to a firm like Hines could potentially offer higher compensation, especially in major markets. Progression at Hines often depends on factors like performance, pedigree (e.g., Ivy League or strong real estate connections), and experience.
For more precise insights, you might want to explore WSO's salary database or threads discussing real estate development and acquisition compensation.
Sources: Real Estate Development Comp by Shop, Hines Linkedin Diversity Posts..., Making The Jump - Construction Manager to Development, IB Comp Progression
It's a bit more standardized than what it was, but still highly variable based on market and team dynamics. Would generally say it'll be 20% discount to a similar role in the market. They do not treat their employees well or fairly and it comes out clearly in the compensation.
Not sure where this narrative has come from around here, never met anyone that felt mistreated. Anyway, my total comp currently as a director is $370k
Thats good comp - how many years of experience do you have and what’s your day to day look like?
10 years, all at Hines, started as analyst at 60k
Hey - former Hines employee here (EU based).
Do you think Uncle Jeff is gearing up to sell the company to a PE? There have been so many reorganizations and people coming and going lately that it feels like something’s up. Starting to smell like there’s more going on behind the scenes.
Doubtful, they have spent the last 5 years bringing all the kids into the company and installing Jeff’s daughter as ceo. Wouldn’t make sense to bring all the family back in just to sell.
Most of the restructuring is actually trying to make the US operate more like Europe with a centralized structure driven by fund vehicles. The us was previously run as like a franchise with each regional office running independently and doing their own one off deals.
Does this include carry?
This is on the upper end for a director. Low end is like 275k or so. Not including completion/carry/add'l comp.
I just went through the interview process for a US market on the east coast. Was quoted $285k all in (base + bonus) for director (development and acquisitions) level. No equity until MD. Was told that bonus target is typically 80% of base and last year, this region paid out 80% of the 80% target. Recruiter initially falsely claimed they always pay 100% bonus targets, which the MD said is not the case. Milestone bonuses were discussed but have not seen anything in writing. I can report back if I receive the offer which supposedly would be any time.
That seems pretty in line for a shop of that size, that was around my total comp as a director when I was at Greystar, though the split was a bit different. Milestone bonuses but no equity was also the structure.
Person from previous comment responding - I have also worked at Greystar and my knowledge is consistent with your notes. Guessing you might be in a more northern market than HQ in CHS but either way sounds about right.
So base is only $150K or so? That seems incredibly light.
Yeah it does and that was my same reaction. This is a T-2/T-3 market fwiw. If those numbers really translate to the final offer, not going to be compelling enough. Another data point for all of us at least...
My understanding has been that at Hines the market lead(MD) gets a bonus pool and its basically entirely up to them on how its split between everyone.
Whoever posted as "Works at Hines Interests Limited Partnership" is either being disengenous (ex, includes one time project bonues) or is a fringe case. What comp looks like at ~$285K max with potential project bonuses (entirely up to deal flow) is more standard. This is effectively ~$200K salary and 30-40% bonus.
My base salary is $230k, with 40% regular bonus and 20% “long term compensation” bonus, which is just a bonus paid out over 3 years, as long as you stay. I haven’t received any “irregular” bonuses in many years.
Maybe I am an outlier, my title is actually “Senior Director” and I work in a very high cost of living city.
High $300k for Senior Director Role with 10 YOE feels low to me in a high cost living city
I'm a developer for a REIT in a HCOL market - same title and YOE and my comp is basically the same. For reference, I'm #2 in the office behind the regional lead. I have a slightly higher base, but my bonus and long term incentive are the same %s. Based on high level convos with recruiters for merchants looking to poach me, this comp seems in line with market.
How are REIT hours? I'd love to hear about the REIT side of things - also, if you interact with CFO what does that lifestyle look like?
Hours are entirely dependent on deal flow, but I'm usually not working late unless I need to take something to investment committee or I'm at a permitting hearing (or worse yet, something is wrong at a construction site). I'm probably 40-50 hours a week. I interact with the c-suite a fair amount - they all sit on investment committee.
In general, WL balance is great. I have 2 young kids and my wife travels for work a fair amount. So nobody thinks anything of it if I get in late or need to get home early to take care of the kids. But that trust has definitely been earned over the years.
When you say HCOL - is this west coast city or NY?
I currently work at Hines and reiterate what said above, the firm is rapidly changing and has a lot of growing pains as part of that shift. Pay is not that standardised and subject to negotiation.
Currently director: 250k base + 50% bonus ( 375k all in) + carry/equity + acquisition bonuses.
Similar to other real estate firms, last few years have been lean so carry has been written down but that’s just part of the journey.
Adipisci dicta enim modi et repudiandae fugiat. Omnis id inventore rerum dolor occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aliquam asperiores quibusdam veniam vero sunt laudantium minima. Enim pariatur sit omnis. Porro non consectetur aspernatur voluptatem neque illum harum. Ut eius aliquid aut. Hic eaque rerum deleniti aliquid ducimus omnis.
Ducimus praesentium id totam quod blanditiis est magnam. Voluptas qui aliquam quasi voluptates vel provident. Natus repudiandae dolores labore sed. Non non blanditiis et nobis. Dolorem aut est mollitia exercitationem vero.
Mollitia dolor fugiat repellendus qui explicabo recusandae non. Vel autem maiores itaque reiciendis. Nesciunt saepe accusamus nulla laborum porro.