Hines names Adam Hines co-CEO alongside Laura Hines-Pierce, effective Jan. 1, 2027

Houston real estate firm Hines announced that Adam Hines will join Laura Hines-Pierce as co-chief executive officer on January 1, 2027. The two are grandchildren of company founder Gerald D. Hines.

Jeff Hines, who has served as co-CEO with his daughter Laura, will become chairman. Hines said he will step back from day-to-day management and focus on advising Adam Hines and Laura Hines-Pierce.

“Laura has led Hines as Co-CEO for more than five years. Adam has helped grow important parts of our business across Europe, private wealth and capital formation,” Jeff Hines said. “I’ve watched them shape Hines’ future, and I could not be more confident in their leadership.”

David Steinbach will become president, and Alfonso Munk will become global chief investment officer.

In a joint statement, Laura Hines-Pierce and Adam Hines said the firm intends to expand its strategy beyond traditional real estate categories. They said capital, infrastructure and human activity are converging across the built world, and the firm plans to apply its operating experience and investment discipline to a broader set of opportunities.

“We will preserve the ownership mindset, relationships and operator’s edge that make Hines distinctive while building on that momentum for the future,” the incoming co-CEOs said.

Hines was founded in Houston in 1957 and now has 4,600 employees in 29 countries. The firm manages about $91 billion in assets for institutional and private wealth clients.

In Houston, the company has developed major downtown buildings, including Pennzoil Place, the TC Energy Center at 700 Louisiana, the 46-story Brava residential tower and the 75-story JPMorgan Chase Tower, the tallest building in Houston. Its local portfolio also includes The Galleria on Westheimer Road, industrial properties, medical and life sciences buildings, residential communities and the Gerald D. Hines Waterwall fountain and park near the Galleria.

The leadership transition takes effect January 1, 2027.