USAA Real Estate appoints Hime as CFO

The former chief financial officer of real estate and infrastructure at ADIA has joined USAA’s real estate division.

USAA Real Estate has named Jim Hime as its new chief financial officer, effective September 1. Hime will be responsible for financial restructuring, debt strategy management and liquidity management at the real estate arm of the San Antonio-based insurance and financial services organization. He will replace former CFO Pat Irwin, who will now serve as chief administrative officer, overseeing accounting, reporting, treasury and administration. 

In a press release, USAA Real Estate chief executive officer Len O’Donnell explained that Hime’s vast background will help the company to expand its business globally.

Hime joins USAA Real Estate after resigning from his post as chief financial officer of real estate and infrastructure at the Abu Dhabi Investment Authority (ADIA) on July 3. At ADIA, he administered the legal, tax and liquidity management requirements of the real estate department, including all existing and new debt arrangements. He also monitored treasury and cash balances across ADIA’s portfolio and operated the financing program for department investments.
 
Prior to joining ADIA, Hime worked for Houston-based real estate investment firm the Lionstone Group as principal and investment director for US land acquisition. Earlier, he was co-founder and managing director of real estate private equity firm Hawkeye Partners and also served as senior vice president and head of capital markets at international real estate firm Hines Interests.

With approximately $12 billion in assets under management, USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. USAA’s portfolio includes office, industrial, multifamily, retail and hotel properties, as well as investments in real estate operating companies.