Key Takeaways
- • Hines announced that David Steinbach, its Global Chief Investment Officer and Managing Partner, will become President of the firm effective January 1, 2027.
- • Steinbach leads Hines' global investment strategy and capital allocation across 29 countries and multiple product types, and sits on the firm's Management, Executive, and Investment Committees.
- • Since joining Hines in 1999, Steinbach led the creation and scaling of its flagship discretionary funds, which the firm reports at over $52.5 billion in AUM.
- • Per the announcement, Hines' total AUM grew from $13.6 billion to over $90.9 billion as of June 30, 2026.
Summary
Hines has announced that David Steinbach will become President of the firm effective January 1, 2027. Steinbach currently serves as Global Chief Investment Officer and Managing Partner, where he leads the firm's global investment strategy and capital allocation across all 29 countries and product types. He is a member of Hines' Management, Executive, and Investment Committees and oversees investment professionals across the Americas, Europe, and Asia-Pacific. His responsibilities include ensuring investment discipline, innovation, and impact on behalf of the firm's global investor clients.
The announcement describes Steinbach's tenure since joining Hines in 1999 as central to the firm's development into a top-tier global investment manager. He led the creation and scaling of Hines' flagship discretionary funds, which the firm reports have reached more than $52.5 billion in AUM, and he helped expand the institutional and private wealth investor base. According to the firm, Hines grew from $13.6 billion to over $90.9 billion in AUM as of June 30, 2026, over a period that included multiple real estate cycles.
Steinbach is a frequent media contributor and industry speaker, regularly appearing on CNBC and Bloomberg and at industry forums on investing, capital markets, and sustainable urban development. Outside the firm, he serves on the Executive Board of Fast Company. He and his wife, Rebecca, have endowed two college scholarships for first-generation students pursuing business or public health degrees and have supported foster care and adoption initiatives. He holds a Bachelor of Business Administration and a Master of Business Administration from Texas A&M University.
The announcement describes Steinbach's tenure since joining Hines in 1999 as central to the firm's development into a top-tier global investment manager. He led the creation and scaling of Hines' flagship discretionary funds, which the firm reports have reached more than $52.5 billion in AUM, and he helped expand the institutional and private wealth investor base. According to the firm, Hines grew from $13.6 billion to over $90.9 billion in AUM as of June 30, 2026, over a period that included multiple real estate cycles.
Steinbach is a frequent media contributor and industry speaker, regularly appearing on CNBC and Bloomberg and at industry forums on investing, capital markets, and sustainable urban development. Outside the firm, he serves on the Executive Board of Fast Company. He and his wife, Rebecca, have endowed two college scholarships for first-generation students pursuing business or public health degrees and have supported foster care and adoption initiatives. He holds a Bachelor of Business Administration and a Master of Business Administration from Texas A&M University.
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