Hines announces new global investment strategy

Hines announced a new structure for the firm’s investment management platform, a transformation that strengthens its ability to develop, acquire and operate best-in-class real estate assets globally in partnership with current and future institutional and retail investors. With $124.3 billion of assets under management, Hines is currently the second-largest real estate investment manager in North America and the fourth globally, according to Institutional Real Estate, Inc. Hines’ new structure will encourage more large investors to work directly with the firm in a variety of collaborative ways with the goals of achieving their objectives and simplifying the process.

The new investment management platform will be co-led by David Steinbach, global CIO, and Chris Hughes, CEO of capital markets. The platform is designed to support current and future investment products and meet the demands of the world’s most-savvy investors, who are increasingly taking a strategi