Hines has made several new regional hires with the title of co-head of investment management, reported Bloomberg.
In the Americas, Alfonso Munk, who Hines lured away from Prudential Real Estate Investors, and in Europe and Asia, Hines executives Alex Knapp and Lee Timmins, respectively. The trio, also in newly created roles, will join the firm’s investment committee.
Munk, who joins the firm in October and will relocate to Houston from New York, had been the Americas CIO for Prudential’s investment arm, known as PGIM, which he joined in 2012. Before that, he spent a decade at Morgan Stanley Real Estate.
“Over the next 10 to 15 years, we see a greater wave of capital being allocated to real estate,” said David Steinbach, global CIO, in the Bloomberg article. “There’s going to be a really big opportunity to lean into that and create products that give investors access to returns at a time when finding arbitrage is harder and harder.”
