US privately-held developer-investor Hines has promoted Laura Hines-Pierce as co-CEO of the firm, effective immediately. Laura, the daughter of CEO Jeff Hines, 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, co-CEO of Hines. ‘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 bn in equity translating to $10.8 bn in purchasing power.
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.
