Hines, the global real assets investment manager, today announced the next step in its planned leadership transition as the firm builds on momentum across its global real assets platform. Effective January 1, 2027, Adam Hines will join Laura Hines-Pierce as Co-Chief Executive Officer, a role Laura has held for over five years. David Steinbach will become the firm’s first President; Alfonso Munk will become Global Chief Investment Officer (CIO); and Jeff Hines will become Chairman. Laura will also replace Jeff as the CEO and Chair of the Board of Hines Global Income Trust (“HGIT”), and Adam will join its Board as a Director.

As Co-CEOs, Laura and Adam will lead the firm together, set its strategic direction and priorities, and make major firmwide decisions. Their leadership will build on the strategy and global real assets platform they have helped build over the past five-plus years.

David will partner closely with the Co-CEOs and lead execution of the strategy across the business. Succeeding David as Global CIO, Alfonso will be accountable for investment strategy and performance across Hines’ real assets platform. The Global CIO, Global Head of Real Estate, CFO and functional leaders will report to David.

The appointments build on the strong momentum Hines has generated since adopting its real assets strategy. Under Laura and Adam’s leadership, the discretionary business has grown at approximately 20% CAGR, with that growth dating to 2018. In addition, Adam’s vision helped build and scale Hines’ Private Wealth business, which has doubled in size. The leadership transition positions Hines for its next stage of growth as structural shifts in demographics, technology, infrastructure and capital reshape the built world. Hines is connecting its local operating expertise, investment capabilities and global intelligence at a greater scale while preserving the ownership mindset and operator’s edge that have defined the firm for nearly 70 years. By sharing intelligence more effectively across markets and strategies, Hines aims to strengthen execution, expand opportunity and create more value across the platform.

You can now read the full press release at the link below