Hines is a global real estate investment, development and management firm founded in 1957. With a presence in 207 cities in across 24 countries and $116.4bn (€99.6bn), Hines is one of the largest private real estate organisations in the world. Hines currently manages approximately €99.6bn) of assets under management – AUM, including $64.0bn (€54.7bn) for which Hines provides fiduciary investment management services and $52.4bn (€, and €44.9bn) for which Hines provides third-party property-level services.
Hines remains a privately-owned company with exceptionally strong values and integrity, and one that carefully guards its clients’ reputation as much as its own. This ownership structure allows Hines to take a long-term view and pursue strategies that help the company to weather real estate cycles.
Hines’ portfolio of existing projects, completed and acquired, includes more than 1,428 properties representing 468.4m square feet (43.5m sqm) of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large master-planned communities and land developments. In addition, Hines’ property management portfolio includes 527 properties totalling 224.9m square feet (20.9m sqm) of prime real estate. The firm has approximately 4,300 employees, most often locals in their specific investment market, executing the different activities of Hines globally.
With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most respected real estate organizations in the world.
Please visit www.hines.com for more information.
Investment Principles & Strategy
Hines is active across the risk spectrum and in all real estate sectors and is therefore able to respond to opportunities and trends by establishing appropriately focused investment vehicles at the right time and in the right place.
The firm is fundamentally a specialist real estate manager, and its core skillset remains in creating value at the property level by combining sound investment strategies with detailed and complex asset work. The ability to underwrite a real asset with greater insight into its physical systems (with development/engineering capabilities), operating requirements (with property management capabilities) and occupier prospects (with local country teams) allows the firm to drive value throughout a capital markets or rental cycle. A deep understanding of real estate by the fiduciary decision makers and an embedded world-class operator sets Hines apart.
Strategic Corporate Development
Hines was founded in 1957 in Houston and has evolved into one of the largest and most experienced real estate organisations in the world. As Hines expanded, it consciously decentralised its organisation, allowing the firm to grow deep regional platforms. Hines’ North American presence spans across the United States and Canada. With over 60 years of operation on the continent under the same continuous leadership, the firm has long-tenured real estate professionals living and working in their local markets. The North American headquarters is located in Houston, along with Investment Management and Capital Markets functions, and the firm has an AIFM regulated fund management and investment services platform in Houston and New York. The North American platform continues to expand as opportunities arise. As of 30 June 2018, Hines is responsible for approximately $82.6bn of assets under management across North America and is most recognised for its flagship investments.
Sustainability and Innovation
Sustainability has been at the heart of the firm since its inception in 1957. Over the decades, Hines has continuously partnered with leading manufacturers, universities and engineers to pioneer new approaches and technologies that elevate the efficiency and value of every building. Sustainability at Hines is not a means to an end, but an ongoing practice that fosters communities and cities around the world.
In 2008, Hines initiated HinesGO (Hines GREEN OFFICE) as an internal program to measure and reward sustainable practices within all Hines offices worldwide.
The firm currently has more than 69.2m square feet of projects that have been certified, pre-certified or registered under LEED®; more than 77.8m square feet in the ENERGY STAR® program and more than 30.0m square feet in the Hines GREEN OFFICE for Tenants program.
In 2017, Hines created the Office of Innovation. This department was created to leverage the innovation that is already occurring and provide resources to take them to the next level by testing and implementing new building technologies that enhance sustainability efforts and future-proof assets.
Hines has partnered with the International WELL Building Institute™ and the Mayo Clinic as a founding member in the Well Living Lab to explore how air quality, thermal comfort, light, acoustics, density and other factors affect stress, sleep and wellness for building occupants.
The firm is also exploring the provision of hospitality focused amenities and experiences for tenants, residents and guests in its office and multifamily properties. Furthermore, Hines is pursuing ways to activate its lobbies and other common areas to encourage collaboration and accidental interactions. In addition to looking at how to create the “third place” in its office buildings – the place between home and work.
Additionally, Hines is an investor in Fifth Wall, a venture capital firm that provides organised access to the landscape of real estate technology and the changes that are occurring.
Fifth Wall delivers venture capital experience and execution, coupled with a pipeline of technology firms focused on the real estate industry. This access offers excellent opportunities for early partnerships and allows Hines to influence the thinking of some of the most talented entrepreneurs focused on this area.
COMPLIANCE STATEMENT // The information is intended solely for the use of professionals and is not for general public distribution. This information does not constitute an offer to acquire or subscribe for securities, units or other participation rights in any Hines-sponsored investment program which can only be made by the applicable offering memorandum.
News from Hines [Real Estate - North America]
Renowned Brand to Offer Luxury Hydrotherapy Services at New Lincoln Park Development
Salesforce to be Anchor Tenant of New Tower
Five holiday-inspired, Instagram-worthy rooms to be added
Hines announced today that its luxury master-planned development Somerset Green won Community of the Year from the Greater Houston Builders Association’s 2018 Houston’s Best Prism Awards.
Hines announced today that Faegre Baker Daniels has signed a 58,000-square-foot lease at 1144 Fifteenth Street, the new 40-story, Class AA office tower totaling 671,101 square feet in downtown Denver.
News from IPE Real Assets
Hines sells 914,000 sqft property
Government Pension Fund Global increases stake by 4 percentage points
First asset bought in central Oslo for mandate
The building, which is being constructed on the 800 block of Texas Avenue, is expected to open in late 2021
Hines and Oaktree understood to be close to acquiring the Walnut Creek complex
White Papers / Research from Hines [Real Estate - North America]
Google (NYSE: GOOG) has signed a 180,000-square-foot lease for new office space at Trinity Hudson Holdings’ 345 Hudson Street, which will commence in 2019. The deal was announced by operating partner Hines, on behalf of a joint venture comprised of Trinity Real Estate and Norges Bank Real Estate Management.
Analysis from IPE Real Assets
As America’s biggest cities become more unaffordable, smaller cities have spotted an opportunity. Christopher O’Dea reports on the rise of ‘momentum markets’
Big infrastructure and property developments in a dynamic city not quite at its zenith have caught the imagination of investors, writes Russell Handy
The Northwest city is benefiting from a surging tech industry, but are investors taking part in a computer experiment? Christopher O’Dea reports
As crime levels fall and property becomes more institutional, Mexico is again attracting investors. Stephanie Schwartz-Driver reports