How Hines is future proofing their real estate portfolio with Space-as-a-Service
Annie Rinker, Director for the Office of Innovation at Hines and Board Member for the Global Workspace Association joins Bold Founder, Caleb Parker, to share how Hines is future proofing their portfolio with Space-as-a-Service.
Annie is the woman leading the roll out of Space-as-a-Service across the Hines global portfolio, which includes 539 properties across 205 cities in 24 countries on 5 continents (representing a whopping 232m SqFt.)
The two talk about management agreements with operating partners, what to look for in an operating partner, and how the right Space-as-a-Service footprint becomes less riskier than a conventional 10 year lease.
**Annie has some important advice for asset owners who are thinking about launching their own inhouse Space-as-a-Service operation.**
Questions asked in this episode
Value Bombs and Tweetables
Resources
Global Workspace Association Board:
https://www.globalworkspace.org/about-gwa/
99% Invisible Podcast
https://99percentinvisible.org/
About Annie Rinker
Annie Rinker is Director for the Office of Innovation at Hines and Board Member for the Global Workspace Association
Annie has has over 13 years experience in the Space-as-a-Service, brokerage, property management and asset management fields.
She gained her master’s degree in real estate finance and development from Georgetown University in Washington, DC.
Starting at Carr Workplaces as a Client Services Director in 2006, her story is impressive as she climbed the ladder at Carr. If you don't know, Carr operates the seventh largest shared office space company in the US, with 32 locations and more than nearly 800K square feet of office space supporting over 10K clients across their portfolio in major cities such as DC, NYC, Chicago, San Francisco and Boston to name a few. Annie became Vice President of the company before launching Carr's managed office product called WorkReady.
Throughout her career she's managed coworking facilities, been responsible for all financial and operational components, and she's managed a regional sales team of coworking managers.
Now she continues to build on the intersection of coworking and traditional commercial real estate by exploring other ways to drive value in buildings though the Hines coworking platform, The Square.
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Sponsors Fortune Favours the BoldBold helps commercial real estate create & manage flexible spaces to dream, create, share, and succeed in. Now part of NewFlex (www.workbold.co)
Future Proof Your Portfolio with NewFlexNewFlex delivers and manages a range of branded solutions for every type of building, in every type of location, for every type of occupier. Including the flexibility to develop your own brand. All enabled by flexible management contracts where we are invested in making money for you. (www.newflex.com)
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