Hines

What Hines does

Hines is a privately held global real estate investment manager founded in 1957 by Gerald D. Hines in Houston, Texas, and led today by Chairman and Co-CEO Jeffrey C. Hines. The firm manages $91.7 billion in assets under management and $99.8 billion in Total Equity across 65 strategic investment vehicles spanning core, core-plus, value-add, and opportunistic strategies, serving 300+ institutional investors, 700+ high-net-worth individuals, and 170,000+ retail investors. Operations span 430 cities across 30 countries, staffed by 4,630+ real estate professionals, with regional headquarters in Houston, New York, Chicago, Atlanta, Los Angeles, London, and Hong Kong.

The firm operates a vertically integrated platform covering investment management, development, acquisitions and dispositions, property management, engineering, leasing, and its proprietary Conceptual Construction Group (CCG). Core fund products include Hines U.S. Property Partners (HUSPP), Hines U.S. Property Recovery Fund (HUSPRF), Hines European Core Fund (HECF), Hines European Property Partners (HEPP), Hines European Real Estate Partners (HEREP), and Hines Asia Property Partners (HAPP). For individual investors, Hines Global Income Trust (a public non-traded REIT) and Delaware Statutory Trust offerings are distributed via Hines Private Wealth Solutions LLC (a broker-dealer affiliate), which has raised over $12.6 billion since inception in 2003. Sub-brands include T3 (Timber, Transit, Technology mass timber office buildings with 20 international projects), The Square (flex office), aparto (European student housing), and Dash Living (Asia co-living).

Hines generates revenue through five primary streams: asset management fees on AUM (typically 100-150 bps for core/core-plus and 150-200+ bps for value-add/opportunistic, plus 10-20% carried interest), development and construction management fees on a project basis, property and facility management fees on 299M SF across 2,068 properties (including 420 third-party assets), private wealth distribution fees via the broker-dealer affiliate, and acquisition/disposition transaction fees (680 acquisitions of $91B in value and 778 dispositions of $98B in value since 1992). The firm executes across office (201M+ SF), industrial/logistics (87M+ SF), living (80M+ SF, 66,002+ multifamily units), retail (16M+ SF), and niche sectors including life sciences, hospitality, biotech and healthcare, and data centers.

Name

Hines

Legal name

Hines

Website

https://hines.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hines is a privately held global real estate investment manager with $91.7B AUM across 65 investment vehicles, offering vertically integrated investment, development, and property management services in 30 countries to institutional and individual investors.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Sustainable/Green Building & LEED Consulting (BPAHAKAG)

Keywords

• Real estate investment management
• Commercial property development
• Asset management services
• Real estate fund management
• Property management services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices26 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Investment Management Fees: Hines earns asset management fees from managing commingled funds (core, core-plus, value-add, opportunistic) and separate accounts for institutional investors. Fees are typically charged as a percentage of assets under management (AUM). The firm had $91.7 billion in Hines Assets Under Management and $99.8 billion in Total Equity as of December 31, 2025 across 65 investment vehicles.
2. Development and Construction Management Fees: Hines earns fees for development management and conceptual construction services on a project basis, covering feasibility analysis, design, pre-construction, construction administration, and commissioning. The firm has completed over 201 million+ SF of office developments, 87 million+ SF of industrial/logistics developments, and 80 million+ SF of living/housing developments.
3. Property and Facility Management Fees: Hines manages 299 million square feet of properties globally (as of December 31, 2025, including 420 properties), providing property management, engineering, leasing, energy monitoring, and asset management services. Fees are charged as a percentage of managed property value or fixed management fees.
4. Private Wealth Solutions Distribution: Hines Private Wealth Solutions LLC (broker-dealer affiliate) distributes Hines-sponsored offerings to qualified individual investors. Since inception in 2003, over $12.6 billion has been raised as of December 31, 2025. Revenue derives from management fees and performance fees on Hines Global Income Trust and DST offerings.
5. Acquisition and Disposition Transaction Fees: Hines earns transaction-based fees on acquisitions and dispositions of real estate assets. Since 1992, Hines has acquired approximately 680 projects totaling more than 275 million square feet ($91 billion in value) and disposed of 778 transactions totaling 236 million+ square feet ($98 billion in value).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Hines is a global real estate investment manager that invests, develops, manages, and disposes of institutional-quality office, industrial, retail, living, data center, life sciences, and niche properties on behalf of pension funds, sovereign wealth funds, insurance companies, and family offices. The firm manages 65 investment vehicles spanning core to opportunistic strategies with $91.7 billion in AUM and delivers services through proprietary capital, the T3 mass timber building system, the Conceptual Construction Group, and vertically integrated property and asset management. It also distributes real estate investment products to qualified individual investors through Hines Private Wealth Solutions.

Product overview

Hines operates as a global real assets investment manager offering a comprehensive platform of investment vehicles spanning multiple geographies and risk profiles. The core product is the Hines Investment Management Platform managing $91.7 billion in assets under management. Fund products include Hines U.S. Property Partners (HUSPP) and Hines U.S. Property Recovery Fund (HUSPRF) for Americas, Hines European Core Fund (HECF), Hines European Property Partners (HEPP), and Hines European Real Estate Partners (HEREP) for Europe, and Hines Asia Property Partners (HAPP) for Asia-Pacific, all targeting different risk profiles from core to opportunistic. For individual investors, Hines offers Hines Global Income Trust (public non-traded REIT) and Hines Private Wealth Solutions (broker-dealer distribution). The platform is complemented by service offerings including The Square (flex office brand), T3 (Timber, Transit, Technology mass timber building product), the Conceptual Construction Group, and full-service development, acquisitions, and property management across office, industrial, retail, living, data centers, life sciences, and niche property types.

Differentiator

Problem solved

Functional benefit

Brands

• T3 (Timber, Transit, Technology): Mass timber office buildings using sustainably sourced wood, designed to reduce embodied carbon and provide wellness-inspired work environments.
• The Square
• aparto
• Dash Living

Products and services

• Hines U.S. Property Partners (HUSPP) A diversified, core plus real estate vehicle that seeks to invest in high-quality living, industrial, office, mixed-use, and select niche sectors. The Fund's strategy is to 'buy, build, and manage to core' through research-driven portfolio construction.
• Hines U.S. Property Recovery Fund (HUSPRF) An opportunistic closed-ended fund series that seeks real estate investing opportunities arising from dislocation and long-term industry changes in the U.S. real estate market, combining opportunistic acquisitions and development at favorable prices.
• Hines European Core Fund (HECF) An income-focused, Luxembourg-domiciled real estate investment strategy that invests in core real estate assets in prime inner-city locations with exposure to residential-for-rent, urban logistics, office, and high-street retail.
• Hines European Property Partners (HEPP) A diversified, open-ended core-plus fund focused on key European markets pursuing acquisitions in office, living, industrial/logistics, retail, and residential sectors, as well as emerging niche asset classes including data centers and student housing.
• Hines European Real Estate Partners (HEREP) A discretionary value-add fund series focused on European markets exhibiting attractive pricing characteristics and fundamentals, creating value through property management, leasing, refurbishment, repositioning, and real estate development.
• Hines Asia Property Partners (HAPP) A diversified, operator-led core plus real estate vehicle investing in high-quality living, industrial, office, mixed-use, and select niche sectors across Asia-Pacific, leveraging Hines' operating expertise to 'buy, manage, refurbish, and build to core.'
• Hines Global Income Trust A public, non-traded real estate investment trust sponsored by Hines available to qualified individual investors through participating financial professionals, aiming to generate growth and income through a high-quality portfolio diversified across geography and property types.
• Hines Private Wealth Solutions The broker-dealer affiliate of Hines overseeing distribution of Hines-sponsored offerings to qualified individual investors through participating financial professionals with independent broker-dealer firms or registered investment advisors (RIAs). Has raised over $12.6 billion since inception in 2003.
• The Square Hines' flex office offering that solves office community needs for flexible workspace and provides exceptional, agile alternatives outside of a traditional lease.
• T3 (Timber, Transit, Technology) Hines' building model for positive change that blends the inspiring, natural feel of timber spaces with exceptional efficiency and cutting-edge technology. Made with rapidly renewable, sustainably sourced timber, T3 buildings address bold carbon commitments and ESG goals with 10 international projects and 20 total projects completed, in design, or under construction.
• Conceptual Construction Group (CCG) A collaborative team of industry experts providing institutional-quality buildings through a risk-managed process that consistently delivers high-quality development on time and on budget, with 48 million SF of total career experience and expertise across commercial offices, multifamily, industrial/logistics, senior living, data centers, retail, hospitality, and sports facilities.
• Real Estate Services (Development, Acquisitions and Dispositions, Management Services) Vertically integrated real estate services platform covering development, acquisitions and dispositions, and management services (including property management, engineering, leasing, asset management, construction management, and marketing) across office, industrial, data centers, living, life sciences, retail, and niche property types in 430 cities globally.

Quantifiable outcome

• Embodied carbon reduction of up to 40% using T3 mass timber construction vs. traditional concrete and steel buildings
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

16 partnerships are on record, tiered core, minor, emerging, ongoing and major.

• ArcapitacoreStrategic or Co-development Partner · 24 June 2026Arcapita and Hines entered into an agreement to explore joint investments in the industrial and logistics real estate sector across the Gulf Cooperation Council (GCC) region. The collaboration leverages Arcapita's existing $1 billion industrial asset platform in the GCC and its track record of $4.1 billion in industrial and logistics transactions since 2006, combined with Hines' global real estate expertise, to identify high-potential industrial assets in sub-markets with favorable supply-demand dynamics. This reflects growing demand for logistics infrastructure driven by e-commerce growth and supply chain adjustments.
• Arcapita (Bahrain)coreStrategic or Co-development Partner · 24 June 2026Arcapita Group Holdings and Hines signed a partnership agreement to explore joint industrial investments in the GCC region. The collaboration leverages Arcapita's $1 billion industrial asset platform in the GCC, track record of $4.1 billion in industrial and logistics transactions since 2006, and Hines' global real estate expertise. Hines is exploring a separate strategic collaboration with Arcapita to create a combined platform integrating Hines' global investment, development, and operating standards with Arcapita's regional insights.
• JLL Capital Markets (financing arranger)minorChannel Partner/ Reseller/ Distributor · 14 April 2026JLL Capital Markets arranged $55.7 million in acquisition financing for Tempo at Riverpark, a 235-unit multifamily property in Oxnard, California, for borrower Hines U.S. Property Partners (HUSPP), the flagship commingled U.S. core plus fund of Hines.
• DLR GroupemergingStrategic or Co-development Partner · 25 March 2026DLR Group partnered with Hines on the first multi-story timber office structure built in the U.S. in over a century, an early mass timber project that helped establish Hines' T3 building system.
• ChancerygateemergingStrategic or Co-development Partner · 23 March 2026Hines acquired a UK logistics portfolio as part of its mid-box strategy in partnership with Chancerygate. The firms are also jointly developing urban logistics projects including Aurora Park in Redditch (£35m, 130,000+ SF, 9 leasehold units) and a 166,500 SF speculative logistics development in Oldham, Greater Manchester, funded by Investec.
• BurstoneemergingStrategic or Co-development Partner · 17 March 2026Burstone formed a joint venture with Hines to focus on pan-European light industrial assets, primarily in Germany and the Netherlands. The JV has acquired six assets and plans to expand, aiming to enhance value through strategic management and ESG initiatives.
• The Furman Co.emergingStrategic or Co-development Partner · 13 March 2026Hines is a partner in the Falls Park Conference District in Greenville, SC, led by The Furman Co. with over $500 million in investments. The project includes a conference center, hotel redevelopment, green spaces, and residential units, with Hines contributing development expertise alongside Auro Hotels and United Community.
• DigiFTemergingTechnology or Integration · 4 February 2026DigiFT, a regulated digital asset exchange, announced a strategic collaboration with Hines to support the on-chain tokenization and distribution of an indirect investment in a Hines-sponsored global real estate portfolio exceeding US$6 billion in value. The offering is available exclusively to Accredited Investors, Professional Investors, and Institutional Investors, representing one of the first implementations enabling tokenized access to institutional-quality private real estate via a regulated digital platform.
• Realty Income CorporationcoreStrategic or Co-development Partner · 12 January 2026Realty Income Corporation partnered with GIC and Hines to launch a North American logistics JV committing over $1.5 billion in combined capital for build-to-suit logistics projects pre-leased to investment-grade tenants. Hines serves as development partner for the Mexico-based portfolio in Mexico City and Guadalajara, pre-leased to Global Fortune 100 companies under long-term net lease agreements.
• AirbnbongoingStrategic or Co-development Partner · 9 January 2026Hines renewed its three-year facility management agreement with Airbnb, covering 612,870 SF across the United States. The partnership began in 2016 with engineering services at Airbnb's San Francisco HQ and has expanded to Montreal, New York, Seattle, Brazil, and Washington D.C. The D.C. office was activated in 2025 with Square by Hines, Hines' coworking provider.
• JPMorgan ChasemajorChannel Partner/ Reseller/ Distributor · 11 December 2025JPMorgan Chase was negotiating a ~250,000 SF lease at South Station Tower in Boston to become the building's anchor tenant, seeking to install its name on the tower. JPMorgan planned to move 700+ Boston employees into the tower starting in 2028, growing to 1,000 by 2029.
• Kanakia GroupmajorStrategic or Co-development Partner · 5 December 2025Kanakia Spaces Realty (part of the Kanakia Group) announced a joint venture with Hines, Mitsubishi Estate, and Sumitomo Corporation to develop a 15 lakh sq ft (1.5 million sq ft) office complex in Mumbai in 2025. The joint venture has a gross development value of INR 8,000 crore.
• Mitsubishi Estate Co.majorStrategic or Co-development Partner · 5 December 2025Mitsubishi Estate Co. partnered with Hines, Kanakia Group, and Sumitomo Corporation in a joint venture to develop a 1.5 million sq ft office complex in Mumbai, India, with a gross development value of INR 8,000 crore.
• Sumitomo CorporationmajorStrategic or Co-development Partner · 5 December 2025Sumitomo Corporation partnered with Hines, Mitsubishi Estate, and Kanakia Group in a joint venture to develop a 1.5 million sq ft office complex in Mumbai, India, with a gross development value of INR 8,000 crore.
• Pelli Clarke & PartnersmajorStrategic or Co-development Partner · 25 September 2025Pelli Clarke & Partners designed South Station Tower, the 51-story, 690-foot mixed-use skyscraper in Boston developed by Hines. The tower cost $1.5 billion and features office spaces, 166 luxury condominiums managed by The Ritz Carlton, and a sky park.
• Compass DatacentersmajorStrategic or Co-development Partner · 1 February 2023Hines and Compass Datacenters formed a joint venture to develop 2.3 million square feet of powered land in Southern Europe, addressing critical data center demand in the EU market where cloud adoption is expected to grow at 20% average annual rate.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Brookfield Asset Management (Real Estate): Brookfield is the largest publicly listed global alternative asset manager with a flagship real estate platform spanning core, value-add, and opportunistic strategies — directly comparable to Hines across investment strategies, geographic footprint, and institutional LP base.
• Blackstone Real Estate: Blackstone is the world's largest real estate PE manager (BREIT, BREP, BPP), offering core/core-plus and opportunistic vehicles with similar institutional focus, fund structures, and development platforms as Hines; Blackstone recently sold Heathrow Logistics Park to Hines, illustrating direct peer transactional overlap.
• CBRE Investment Management: CBRE Investment Management is one of the largest globally diversified real asset managers with core, value-add, and debt strategies across the Americas, Europe, and Asia — directly comparable to Hines' fund structure and cross-border capabilities.
• LaSalle Investment Management: LaSalle (a JLL subsidiary) manages $80B+ in core, value-add, and debt real estate strategies globally, mirroring Hines' strategy spectrum (HUSPP/HEPP/HAPP) and serving similar institutional and wealth channels.
• PGIM Real Estate: PGIM Real Estate is the real estate arm of Prudential Financial, managing ~$190B in core, value-add, debt, and securities strategies for global institutional investors — directly comparable in strategy breadth, institutional focus, and capital scale to Hines.
• AEW Capital Management: AEW is a global real estate investment manager with core, value-add, and opportunistic strategies across the Americas, Europe, and Asia — closely comparable in fund structure and cross-border capability to Hines' flagship vehicles.
• Principal Real Estate Investors: Principal Real Estate Investors manages ~$98B in core, value-add, and debt strategies for pension funds and insurance balance sheets — directly comparable LP base and strategy mix to Hines' institutional franchise.

Broad incumbents

• Carlyle Real Estate (Carlyle Group): Carlyle is a major global alternatives platform with a real estate division focused on opportunistic and value-add strategies in the Americas, Europe, and Asia — a broader alts incumbent with overlapping deal flow and institutional LP relationships to Hines.
• Morgan Stanley Real Estate Investing: Morgan Stanley Real Estate Investing is one of the longest-tenured global RE PE managers (~>$50B) and a major LP in Hines-affiliated South Korea co-living strategies — comparable as a broad incumbent in the institutional real estate PE space.
• Jones Lang LaSalle (JLL): JLL is the world's largest commercial real estate services firm with investment management, capital markets, and advisory arms; it directly overlaps with Hines in third-party property management, leasing, capital-markets advisory, and competes in the ECoworld/Brookfield REIT deal flow ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hines
• YouTubeyoutube.com/user/HinesGlobal
• Facebookfacebook.com/hinesglobal
• LinkedInlinkedin.com/company/hines
• Instagraminstagram.com/hines

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries12 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hines