When the industry discusses leaders, every conversation includes Houston-based Hines. The company, founded by still-active Chairman Gerald D. Hines 47 years ago, credits its success to the quality of its leadership: President Jeffrey C. Hines and the executives in charge of each regional business unit average a tenure of more than 25 years. Throughout the organization, the 2,900 full-time facilities professionals – with management responsibilities over a collective portfolio of 86.3 million square feet of office, retail, multi-family, government, and industrial space – embrace a simple philosophy: “Buildings of superior quality and architectural merit backed by responsive professional management attract better tenants, command higher rents, and retain their value despite the ups and downs of the real estate market.” In addition to its headquarters in Houston, the international real estate firm has major regional offices in New York City; Chicago; Atlanta; Aspen, CO; San Francisco; and London, as well as additional offices in 72 other U.S. cities and 11 foreign countries. Conservative financial policies; concentration on quality location, product, and service; strong relationships with major multi-national tenants; successful strategic partnerships with leading institutional investors; and geographic diversity have allowed Hines to continue to prosper – even under very difficult market conditions. Perhaps best known as the developer of landmark office buildings in major cities throughout the United States, the firm revolutionized the industry by introducing higher standards – and innovative practices and products – for optimal building design, operations, and management. The company reports that it controls global assets valued in excess of $13 billion.
[Editors’ Note: Innovative but prudent business strategies, combined with an extraordinary portfolio, have allowed Hines to not only weather difficult market conditions, but thrive. By retaining strength through a long-standing reputation with the institutional investment community (based on a conservative financing model – as relevant today as ever) and influencing the skylines of some of the top-tier cities in North America through breathtaking design and optimal performance, Hines seems to be always at the top of the game, able to anticipate and adapt to market needs. In keeping with its history of expansion – both domestic and global – through the formation of and/or partnership with numerous funds (i.e., Emerging Markets Fund, National Office Partners, etc.), in June 2004, the company announced the initial offering of Hines Real Estate Investment Trust Inc. (Hines REIT), which is the firm’s first real estate investment product available to the public, with the intent to further invest in a diversified portfolio of well-constructed office properties. Look for this modern-day pioneer to raise the bar – again – particularly in technological and design innovation, as well as in environmental advancements with its recent recognition as a U.S. EPA Energy Star® Sustained Excellence Award winner.]