Investors β†’ Hines
HI
Fund

Hines

Investment Fund
Country πŸ‡ΊπŸ‡Έ United States
Strategy Core / Value-Add Office
AUM $93B AUM
Asset Class Office
01 β€” Overview

About the Fund

Hines is a privately-held global real estate investment, development and management firm founded in 1957 by Gerald D. Hines in Houston, Texas. With over $93 billion in assets under management, Hines has developed, redeveloped or acquired over 1,700 properties in 30 countries.

Hines is distinguished by its long-standing commitment to design excellence and sustainability β€” it pioneered energy-efficient office construction decades before ESG became mainstream. Iconic developments include the Galleria in Houston, 101 California Street in San Francisco, and multiple landmark towers across Europe and Asia. The firm remains privately held and family-influenced.
02 β€” Capital Model

How It Create Wealth

πŸ›οΈ

Design Excellence

Trophy quality architecture and master planning justify premium rents and attract the best tenants.

πŸ›οΈ

Design Excellence

Trophy quality architecture and master planning justify premium rents and attract the best tenants.

🌱

Sustainability Pioneer

Led energy-efficient building design decades before ESG mandates β€” now a structural competitive advantage.

🌱

Sustainability Pioneer

Led energy-efficient building design decades before ESG mandates β€” now a structural competitive advantage.

βš™οΈ

Develop + Manage

Full vertical integration: develop, own, manage and lease every asset in-house.

βš™οΈ

Develop + Manage

Full vertical integration: develop, own, manage and lease every asset in-house.

🌍

Global Platform

Operates in 30 countries with deep local expertise in each major market.

🌍

Global Platform

Operates in 30 countries with deep local expertise in each major market.

🏒

Office Specialization

Core expertise in Class A office and mixed-use; expanding into residential and logistics.

🏒

Office Specialization

Core expertise in Class A office and mixed-use; expanding into residential and logistics.

πŸ”’

Private Independence

Family-influenced private ownership avoids quarterly pressure and enables long-term decision-making.

πŸ”’

Private Independence

Family-influenced private ownership avoids quarterly pressure and enables long-term decision-making.

03 β€” Portfolio

Key Holdings & Platforms

Company / Asset Country Asset Class Est. Value Ownership
The Galleria (Houston) United States Retail / Mixed-Use $3B+ Developer / Owner
The Galleria (Houston) United States Retail / Mixed-Use $3B+ Developer / Owner
101 California Street (SF) United States Office $1.5B Developer / Owner
101 California Street (SF) United States Office $1.5B Developer / Owner
Hines European Portfolio Europe Office / Mixed $20B+ Manager / Owner
Hines European Portfolio Europe Office / Mixed $20B+ Manager / Owner
Salesforce Tower (SF) United States Office $1.1B Developer
Salesforce Tower (SF) United States Office $1.1B Developer
Asia-Pacific Portfolio Asia-Pacific Multi-Asset $8B+ Manager / Owner
Asia-Pacific Portfolio Asia-Pacific Multi-Asset $8B+ Manager / Owner
04 β€” Signature Deals

Timeline of Major Moves

1957
Gerald Hines founds the firm
Starts with a single office building in Houston; builds a reputation for design quality.
1957
Gerald Hines founds the firm
Starts with a single office building in Houston; builds a reputation for design quality.
1970
Develops the Galleria Houston
Creates one of the first US mixed-use mega-developments: retail, office, hotel and ice rink.
1970
Develops the Galleria Houston
Creates one of the first US mixed-use mega-developments: retail, office, hotel and ice rink.
1992
101 California Street (SF)
Delivers a landmark San Francisco tower β€” establishes Hines as a national Class A developer.
1992
101 California Street (SF)
Delivers a landmark San Francisco tower β€” establishes Hines as a national Class A developer.
2000s
European expansion
Develops landmark office towers across Frankfurt, Paris, London and Warsaw.
2000s
European expansion
Develops landmark office towers across Frankfurt, Paris, London and Warsaw.
2015
Salesforce Tower (SF)
Develops the tallest building in San Francisco β€” a design and sustainability benchmark.
2015
Salesforce Tower (SF)
Develops the tallest building in San Francisco β€” a design and sustainability benchmark.
2020s
Residential + logistics push
Diversifies beyond office into multifamily, industrial and life sciences.
2020s
Residential + logistics push
Diversifies beyond office into multifamily, industrial and life sciences.
05 β€” Playbook

The Hines Playbook

Design premium
Investing in architectural quality is not a cost β€” it's a pricing strategy. Trophy tenants pay trophy rents.
Design premium
Investing in architectural quality is not a cost β€” it's a pricing strategy. Trophy tenants pay trophy rents.
Sustainability
Hines led green building before it was mandated. Today this is a regulatory moat: tenants cannot lease non-certified buildings.
Sustainability
Hines led green building before it was mandated. Today this is a regulatory moat: tenants cannot lease non-certified buildings.
Full integration
Developing, owning and managing creates alignment: Hines only builds what it would want to hold.
Full integration
Developing, owning and managing creates alignment: Hines only builds what it would want to hold.
Private advantage
No public shareholders means Hines can hold assets for 30+ years without pressure to distribute.
Private advantage
No public shareholders means Hines can hold assets for 30+ years without pressure to distribute.
What to learn
Long-term thinking in real estate means designing for the tenant of 2035, not the market of today.
What to learn
Long-term thinking in real estate means designing for the tenant of 2035, not the market of today.