×

Company Profile

Company Evolution
1957

Gerald D. Hines opens a one-man office near downtown Houston

1967

98 completed developments and acquisitions3

35 employees

1977

208 completed developments and acquisitions

180 employees

1987

376 completed developments and acquisitions

921 employees

1997

458 completed developments and acquisitions

2,700 employees

2007

803 completed developments and acquisitions

$22.9 billion in controlled assets under management

$17.2 billion in third-party assets under management

3,550 employees

2014

1,077 completed developments and acquisitions

$42.7 billion in fiduciary investment management assets under management

$42.2 billion in third-party property-level services assets under management

3,450 employees

2015

1,126 completed developments and acquisitions

$42.5 billion in fiduciary investment management assets under management

$46.6 billion in third-party property-level services assets under management

3,700 employees

2016

1,206 completed developments and acquisitions

$48.5 billion in fiduciary investment management assets under management4

$48.0 billion in third-party property-level services assets under management5

3,750 employees

Significant Sustainability Achievements

1961 Gerald Hines addresses the Houston Chapter of ASHRAE and advises that developers must provide high-quality architecture and engineering to the public they serve with a responsibility to the future

1978 Hines engineering begins firm-wide energy tracking and energy management focus

1992 Hines develops its own indoor air guidelines

1996 Hines develops Owens Corning World Headquarters in Ohio using the first application of raised-floor technology in North America

1997 The University of Houston names its School of Architecture in honor of Gerald Hines

1998 Hines joins USGBC to guide and grow the global market for high-performance buildings

1999 28 Hines buildings receive the ENERGY STAR label in the rating system’s first year of existence

2000 Hines collaborates with William McDonough to develop a sustainable benchmarking tool for commercial buildings

2001 The EPA names Hines an ENERGY STAR Partner of the Year

2001 The 30-year collaboration between Gerald Hines and architect Philip Johnson is celebrated at the Guggenheim Museum

2002 Gerald Hines is awarded the ULI J.C. Nichols Prize for Visionaries in Urban Development and uses his honorarium to fund a portion of the ULI/Gerald D. Hines Student Urban Design Competition

2004 Hines becomes the first real estate firm to win ENERGY STAR’s Sustained Excellence Award

2005 The Hines-developed 1180 Peachtree Tower is the first high-rise office building in the world to be pre-certified Silver in the LEED Core & Shell rating system

2006 The Hines-developed mixed-use project Porta Nuova is the first in Italy to adopt the LEED standard, and the office towers are pre-certified Gold in the LEED Core & Shell rating system

2007 Hines founds the German Sustainable Building Council with other partner organizations

2008 Gerald Hines receives the first-ever Visionary Leadership in Real Estate Development Award from the Harvard Graduate School of Design

2009 Hines unveils HinesGO (GREEN OFFICE) for Tenants program

2011 Hines appoints a Global Sustainability Officer

2012 Hines publishes its first sustainability report based on the GRI framework

2013 Gerald Hines receives the President’s Award from the USGBC. Hines opens its first net-zero energy office building

2014 Hines receives the ENERGY STAR Sustained Excellence Award for the eighth time

2015 Hines breaks ground on the 220,000-square-foot T3 (timber, transit and technology) seven-story timber office building in downtown Minneapolis

2016 Hines appoints an Innovation Officer

2016 Hines invests in Fifth Wall, a real estate venture capital firm

2016 Hines receives the ENERGY STAR Sustained Excellence Award for the ninth time

Company Profile

2016 year-end snapshot
  • Hines Executive Leadership
  • Core Competencies
  • 2016 Highlights
  • Memberships and Affiliations
  • Sustainability Awards Received in 2016
20 countries
189 cities
1,206 total historical, acquired and completed developments
$96.5 billion in fiduciary investment management & third-party property level AUM
213M sf under
management
390M sf total historical, acquired and completed developments
Hines Executive Leadership

Ownership

Gerald D. Hines
Chairman

Jeffrey C. Hines
President & CEO

Office of Investments & Central Leadership

C. Hastings Johnson
Vice Chairman

Charles M. Baughn
Chief Financial Officer

Thomas D. Owens
Chief Risk Officer

Sherri W. Schugart
CEO, Core Fund, REIT & BDC Group

Colin P. Shepherd
CEO, Investment Management

Christopher D. Hughes
CEO, Capital Markets

David Steinbach
Chief Investment Officer

Clint Myers
Chief Strategy Officer

Regional CEOs

James C. Buie
West U.S., Asia Pacific & Australia

Mark A. Cover
Southwest U.S. & Mexico/Central America

Lars Huber
Europe

Christopher D. Hughes
East U.S.

C. Kevin Shannahan
Midwest & Southeast U.S., Canada & South America

S. Lee Timmins
Eurasia

Hines was founded by Gerald D. Hines in 1957 as a sole proprietorship. The firm is now Hines Interests Limited Partnership (HILP), 100 percent owned by Gerald D. Hines and Jeffrey C. Hines. Other members of the firm, including officers, may purchase equity shares in the investments for which they are responsible or on which they work. In addition to HILP, the organizational structure has affiliates to enhance Hines’ risk management, regulatory compliance, succession planning, financing and tax planning. Generally speaking, HILP and its affiliates are referred to as “Hines.”

Core Competencies

Hines was primarily a developer and owner of core U.S. office properties up until the 1980s. In the late 1980s and early 1990s, the company proactively expanded the firm’s core competencies to include acquisitions of existing properties, international development and real estate investment management services.

Investment Management
Since 1991, Hines has sponsored 55 investment vehicles with over $43.9 billion in equity for global acquisition and development. In addition, $14.8 billion of partner capital has been committed to one-off investments. Hines has also closed approximately 387 acquisitions since 1992 totaling more than 151 million square feet and more than $38.6 billion in value.

Development
Since its founding in 1957, Hines has developed, or currently has under development, more than 237 million square feet of office space and more than 95 million square feet of non-office space. The firm came to prominence as a developer of landmark office buildings in major cities across the U.S., revolutionizing the industry by introducing signature architecture for multi-tenant office buildings, and setting higher standards for all aspects of building design, operations and management. Today, the firm’s development competencies include office, multifamily, retail, warehouse, sports and cultural facilities, and large mixed-use projects.

Property Management
Hines has managed properties since its inception, establishing operational excellence as a core value. While the firm operates a majority of the properties in which it has an ownership stake, some properties—particularly those in Europe—are managed by third parties. In those cases, standards for service, quality and sustainability performance are prescribed in management agreements. Additionally, Hines provides third-party management services for properties owned by others. Today, the firm manages more than 213 million square feet.

2016 Highlights
  • Hines launched its first move into the student housing market globally. Over the year, Hines expanded its student accommodation portfolio to 12 developments in the UK and Ireland.
  • Hines partnered with Welltower in the firm’s first venture into the senior living sector in New York.
  • Hines created the role of Chief Innovation Officer to serve as an access point for new and innovative ideas and products, helping Hines remain at the forefront of the industry.
  • Hines also hired a Chief Compliance Officer in order to enhance the firm’s global compliance programs.
Memberships and Affiliations

Hines has long been a leader in sustainable design and in promoting sustainability programs around the world. The firm partners with multiple institutions to identify best operating practices and cutting-edge technologies in order to stay in the forefront of building operations, including:

ENERGY STAR
The U.S. Environmental Protection Agency’s (EPA) ENERGY STAR program is the leading energy benchmarking and tracking system in the United States for the commercial real estate sector. ENERGY STAR was introduced by the EPA in 1992 as a voluntary, market-based partnership to reduce greenhouse gas emissions and other pollutants associated with energy use. The ENERGY STAR was label extended to office buildings that perform in the top 25 percent of the market in 1999.

Urban Land Institute
The Urban Land Institute (ULI) is a nonprofit education and research institute to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Several Hines leaders have helped shape ULI’s sustainability programs, and the ULI/Gerald D. Hines Student Urban Design Competition is in its 14th year.

ULI Greenprint Center for Building Performance
Hines is a founding member of the ULI Greenprint Center for Building Performance (formerly Greenprint Foundation), a worldwide alliance of real estate owners and investors committed to reducing carbon emissions in the commercial building sector. In 2016, Hines increased the number of properties submitted to Greenprint for benchmarking to 47 properties.

U.S. Green Building Council
The Washington, D.C.-based U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. It created the Leadership in Energy and Environmental Design (LEED) certification program.

International Organizations
Internationally, Hines has been involved with the German Sustainable Building Council (DGNB), the Russian Green Building Council, the Green Building Council Brasil, the Green Building Council España, the Green Building Council Italia, the Indian Green Building Council, the BRE Environmental Assessment Method (BREEAM) program and the Haute Qualité Environnementale (HQE) program.

Sustainability Awards Received in 2016

The EPA honored Hines with the 2016 ENERGY STAR Sustained Excellence Award in recognition of continued leadership in protecting the environment through energy efficiency. This is the 12th time Hines has been recognized by the EPA and the ninth time Hines has received the Sustained Excellence Award. With an average performance rating of 86.5, the portfolio is 43.4 percent more energy efficient than the national average.