Hines, the global real estate firm, today announced that Laura Hines-Pierce has been promoted to co-CEO of the firm, effective immediately. Laura has served as Hines’ senior managing director in the office of the CEO since 2020, and previously served as the firm’s transformation officer.
“Laura has brought tremendous innovation to the firm and has been instrumental in driving efficiency and creating value for our investors and clients. It’s an honor to have her join me as co-CEO,” said Jeff Hines, chairman and co-CEO of Hines. “Leading Hines during the real estate industry’s massive transformation takes strategic thinking, vision and empathetic leadership, which are qualities that Laura exemplifies. I’m looking forward to us continuing my father’s legacy of prioritizing quality, service and integrity together.”
“I’m proud to become co-CEO and continue the momentum we’re experiencing across the board at Hines,” said Laura Hines-Pierce. “My father has been the catalyst for our global expansion and growth over the past three decades and I’m excited to partner with him at this pivotal moment for the firm. The pace of innovation in real estate is finally catching up with other industries; my primary focus has always been – and continues to be – positioning Hines at the forefront of those changes.”
Most recently, Laura joined the office of the CEO in 2020 and helped build the investment management platform that launched three flagship funds across the U.S. and Asia with a total current investment capacity of $4.8 billion in equity translating to $10.8 billion in purchasing power. She has also integrated innovation into all areas of the business and further defined the firm’s ESG commitments.
Prior to that, she was the firm’s transformation officer and worked with the co-heads of investment management, the global chief investment officer and the CEO of capital markets, to refine investment strategy and acquisition efforts. She also served as project manager for River Point, a one-million-square-foot development in Chicago, and was part of the grassroots team that established the OneHines Women’s Network, which was the catalyst for the company’s focus on diversity and inclusion. Prior to joining Hines, she worked for Sotheby’s in New York. She graduated from Duke University with a BA in Economics and Art History and received her MBA from Harvard University.
Hines will continue to move forward with enacting its succession plan with the expectation that Laura’s two brothers, Adam and Matthew Hines, will join her and Jeff in the office of the CEO, at Jeff’s discretion. Adam Hines currently works in the capital markets division of the firm and Matthew Hines is part of a development team in the company’s west region.
Lars Huber – CEO Hines Europe, added: “This is tremendous news for us globally, as Laura, working hand-in-hand with Jeff, will continue the Hines generational legacy and culture we have built, and retained, across the world. This heritage continues to provide us with a long-term outlook and vision for the future of real estate, which our clients, partners and colleagues alike all greatly value.
“Since entering Europe in the early 90’s, Hines has grown its platform in the region substantially to where it is today with a ‘boots on the ground’ presence spanning 16 offices with over 600 employees in 13 countries, of which we’re very proud.
“Working closely with Laura, Jeff and the Hines leadership, together we have a united vision for long-term growth plans in Europe spanning all major product types and investment strategies as the property industry continues its transformation underpinned by ESG, technology innovation and human centric operational excellence.”
Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 62 cities in 13 countries. Hines oversees investment assets under management valued at approximately €21.7 billion and provides third-party property-level services totaling 3.9 million square meters in Europe, in Austria, Denmark, Czech Republic, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain, and the United Kingdom.
Pictured : Jeff Hines and Laura Hines-Pierce
Source : Company