Adam Hines, the grandson of the late Hines founder Gerald Hines, is to join his sibling Laura Hines-Pierce as co-CEO of the global real estate developer and investment manager.
Jeff Hines, the son of Gerald Hines, is to move from co-CEO to chairman as part of ongoing leadership transition plans. He will step back from day-to-day management and focus primarily on advising the Co-CEOs.
Hines-Pierce has been co-CEO alongside her father since 2020, while Adam Hines has been senior managing director and chief of staff within the office of the CEO since 2024.
Hines said it will also establish an independent external advisory board to provide the new co-CEOs with outside perspectives and counsel. The advisory board will have no governance authority, and the investment committee’s authority will remain unchanged.
Meanwhile, David Steinbach will become the firm’s first president and Alfonso Munk, currently co-head of investment management, will replace Steinbach as the new global CIO.
Hines-Pierce will also replace Jeff Hines as the CEO and chair of the board of Hines Global Income Trust, while Adam Hines will join its board as a director.
The changes, which will take place on 1 January 2027, come as Hines is expanding beyond real estate into real assets, including data centres, and into private wealth.
“Hines has always been at its best when we look beyond the current cycle and build for what comes next,” said Jeff Hines. “Laura has already been leading Hines as Co-CEO for five years, and Adam has helped shape important parts of our growth across Europe, private wealth and capital formation.
“Their leadership is already visible in the firm and platform we have built. This is the right moment for me to step back from day-to-day management and for Laura and Adam to lead Hines forward, supported by David, Alfonso and the depth of talent across the firm.”
Steinbach said: “Scale creates advantage only when it improves execution. Our opportunity is to connect what our teams know across markets, strategies and functions so local insight becomes shared intelligence and firmwide capabilities create more opportunity on the ground. That is how we protect Hines’ operator’s edge and strengthen the platform for investors, clients and partners.”
