Key Takeaways
- • Leadership succession effective January 1, 2027: Adam Hines will assume the role of Co-CEO alongside Laura Hines-Pierce; Jeff Hines transitions to Chairman; David Steinbach becomes President, representing a structured multi-generational leadership expansion within the family office.
- • $90.9 billion in assets under management: Hines manages substantial global real estate investment across multiple property types on behalf of institutional and private wealth clients, positioning the firm as a leading global real estate investment manager.
- • Family office retains control and long-term alignment: The privately held structure enables multi-generational decision-making without external pressure, preserving the founder's original conviction that "quality creates lasting value" established in 1957.
- • Granddaughter and son lead operational continuity: Laura Hines-Pierce and Adam Hines represent the continuation of Gerald Hines' legacy through his family, demonstrating succession planning that bridges founder vision with next-generation capability.
Summary
Hines, a privately held global real estate investment manager founded in 1957, has announced a significant expansion of its family leadership team, effective January 1, 2027. The restructuring positions Adam Hines as Co-CEO alongside Laura Hines-Pierce, while Jeff Hines transitions to Chairman and David Steinbach assumes the role of President. This leadership realignment reflects a deliberate multi-generational succession strategy within the family office structure.
The firm currently manages $90.9 billion in assets across diverse property types, serving a broad institutional and private wealth client base globally. According to Hines' leadership context, the family business operates at approximately $144 billion in scale, underscoring its significance within the global real estate investment industry. The company's foundation rests on founder Gerald Hines' original principle—established nearly seven decades ago—that quality creates lasting value, a conviction that continues to guide investment, development, and asset management decisions.
The appointment of Adam Hines as Co-CEO alongside his sister Laura Hines-Pierce signals a commitment to shared family leadership in navigating the global real assets platform. Jeff Hines' transition to Chairman from CEO reflects a deliberate sequencing of responsibility, allowing the founder's son to maintain strategic oversight while enabling the next generation to assume operational command. David Steinbach's elevation to President strengthens institutional management capacity within the leadership structure.
Hines' privately held status provides strategic flexibility for long-term decision-making independent of public market pressures, a competitive advantage the firm emphasizes in its positioning. The leadership expansion underscores the firm's continued evolution across generations while maintaining alignment with the operational and stewardship principles that have distinguished its 60-year track record in global real estate investment and development.
The firm currently manages $90.9 billion in assets across diverse property types, serving a broad institutional and private wealth client base globally. According to Hines' leadership context, the family business operates at approximately $144 billion in scale, underscoring its significance within the global real estate investment industry. The company's foundation rests on founder Gerald Hines' original principle—established nearly seven decades ago—that quality creates lasting value, a conviction that continues to guide investment, development, and asset management decisions.
The appointment of Adam Hines as Co-CEO alongside his sister Laura Hines-Pierce signals a commitment to shared family leadership in navigating the global real assets platform. Jeff Hines' transition to Chairman from CEO reflects a deliberate sequencing of responsibility, allowing the founder's son to maintain strategic oversight while enabling the next generation to assume operational command. David Steinbach's elevation to President strengthens institutional management capacity within the leadership structure.
Hines' privately held status provides strategic flexibility for long-term decision-making independent of public market pressures, a competitive advantage the firm emphasizes in its positioning. The leadership expansion underscores the firm's continued evolution across generations while maintaining alignment with the operational and stewardship principles that have distinguished its 60-year track record in global real estate investment and development.
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