-- She joins father Jeff Hines as co-leader of the firm

Hines, the global real estate firm, today announced that Laura Hines-Pierce has 
been promoted to co-CEO of the firm, effective immediately. Laura has served as 
Hines' senior managing director in the office of the CEO since 2020, and 
previously served as the firm's transformation officer.

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Photo - https://mma.prnewswire.com/media/1743741/Hines_co_CEO.jpg

"Laura has brought tremendous innovation to the firm and has been instrumental 
in driving efficiency and creating value for our investors and clients. It's an 
honor to have her join me as co-CEO," said Jeff Hines, chairman and co-CEO of 
Hines. "Leading Hines during the real estate industry's massive transformation 
takes strategic thinking, vision and empathetic leadership, which are qualities 
that Laura exemplifies. I'm looking forward to us continuing my father's legacy 
of prioritizing quality, service and integrity together."

"I'm proud to become co-CEO and continue the momentum we're experiencing across 
the board at Hines," said Laura Hines-Pierce, co-CEO of Hines. "My father has 
been the catalyst for our global expansion and growth over the past three 
decades and I'm excited to partner with him at this pivotal moment for the 
firm. The pace of innovation in real estate is finally catching up with other 
industries; my primary focus has always been – and continues to be – 
positioning Hines at the forefront of those changes."

Most recently, Laura joined the office of the CEO in 2020 and helped build the 
investment management platform that launched three flagship funds across the 
U.S. and Asia with a total current investment capacity of $4.8 billion in 
equity translating to $10.8 billion in purchasing power. She has also 
integrated innovation into all areas of the business and further defined the 
firm's ESG commitments.

Prior to that, she was the firm's transformation officer and worked with the 
co-heads of investment management, the global chief investment officer and the 
CEO of capital markets, to refine investment strategy and acquisition efforts. 
She also served as project manager for River Point, a one-million-square-foot 
development in Chicago, and was part of the grassroots team that established 
the OneHines Women's Network, which was the catalyst for the company's focus on 
diversity and inclusion. Prior to joining Hines, she worked for Sotheby's in 
New York. She graduated from Duke University with a BA in Economics and Art 
History and received her MBA from Harvard University.

Hines will continue to move forward with enacting its succession plan with the 
expectation that Laura's two brothers, Adam and Matthew Hines, will join her 
and Jeff in the office of the CEO, at Jeff's discretion. Adam Hines currently 
works in the capital markets division of the firm and Matthew Hines is part of 
a development team in the company's west region.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 
with a presence in 255 cities in 27 countries. Hines oversees investment assets 
under management totaling approximately $83.6 billion(1). In addition, Hines 
provides third-party property-level services to more than 367 properties 
totaling 138.3 million square feet. Historically, Hines has developed, 
redeveloped or acquired approximately 1,486 properties, totaling over 492 
million square feet. The firm currently has more than 171 developments underway 
around the world. With extensive experience in investments across the risk 
spectrum and all property types, and a foundational commitment to ESG, Hines is 
one of the largest and most-respected real estate organizations in the world. 
Visit www.hines.com for more information.   (1)Includes both the global Hines 
organization as well as RIA AUM as of June 30, 2021.

SOURCE HINES

CONTACT: Erica Campbell, Hines, 848-466-3658, Erica.campbell@hines.com