SAN ANTONIO, TX - USAA Real Estate Co. has named Jim Hime as the company’s new chief financial officer, effective September 1, 2013.  In this capacity, Mr. Hime will be responsible for various financial elements of the company’s business, including financial structuring, the management of debt strategies, liquidity management, and helping to ensure that the company’s investments are performing at optimal levels.

Len O’Donnell, CEO of USAA Real Estate Co., stated: “I could not be more pleased that Jim has agreed to join our team.  He is widely respected throughout our industry and, as our business continues to expand globally, his vast and diverse background will greatly enhance our capabilities, and will enable us to serve our investors more effectively.  Most important, Jim is a person of the highest integrity, and is ideally suited for this leadership position within USAA Real Estate Company.”

“As a longstanding admirer of USAA Real Estate Company, its business model and mission, I consider it a great honor and privilege to be invited to join Len and his talented team of real estate professionals.  I am looking forward to doing everything I can to add value as a member of the team,” said Jim Hime.

Mr. Hime joins USAA Real Estate Company from the Abu Dhabi Investment Authority (“ADIA”), one of the world’s largest sovereign wealth funds, where he was employed for three years as Chief Financial Officer of the Real Estate and Infrastructure Department.  While with ADIA, Mr. Hime was responsible for  the legal, tax, and liquidity management requirements of the real estate department, including management of all of ADIA's existing and new debt arrangements, as well as monitoring treasury and cash balances across the portfolio. 

Before joining ADIA, Mr. Hime was with the Lionstone Group, a privately-owned real estate investment firm, where his responsibilities included capital markets and transaction structuring across investment programs.  Earlier, Mr. Hime was co-founder and managing director of Hawkeye Partners, a real estate private equity firm, and served as senior vice president and head of capital markets at Hines Interests, where he developed, structured and marketed a range of funds that financed global real estate development and acquisition efforts.  Before joining the real estate sector, Hime spent 20 years at Baker & Botts, a U.S.-based law firm, where he became a partner and was responsible for opening the firm's New York office.

For more information, contact Sharon Ballenger: (201) 641-8410.

About USAA Real Estate Company:

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors.  The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties, as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922.  For more information, please visit www.usrealco.com.