Gerald D. Hines
| Gerald D. Hines | |
|---|---|
| Born | 1925 (age 91–92) Gary, Indiana |
| Nationality | United States |
| Occupation | real estate developer |
| Known for | founder and chairman of Hines |
| Net worth | USD$1.3 billion (2016) |
| Spouse(s) | Dorothy Schwarz Barbara Fritzsche |
| Children |
with Schwarz: Jeffrey Hines Jennifer Hines |
| Family | Gordon E. Hines (cousin), Edwin Emerson Hines (cousin) |
Gerald D. Hines (born 1925) is the founder and chairman of Hines, a privately held real estate firm with its U.S. headquarters located in Houston, Texas, and its European headquarters located in London. As of 2016, Gerald Hines' net worth equaled USD $1.3 billion.
Hines was born in 1925 in Gary, Indiana. His parents moved to Gary from Nova Scotia in 1923. Hines is descended from British loyalists who fought in the Revolutionary War. In 1948, he graduated with a bachelor in mechanical engineering from Purdue University.
He moved to Houston in 1948. Shortly after, he formed an engineering partnership and started a fledgling real estate business on the side, and he formed Gerald D. Hines Interests in 1957. Early Hines projects were warehouses and small office buildings. His first large-scale commercial development came in 1967 when Shell Oil Company hired Hines to construct a new downtown Houston headquarters. The Galleria; Pennzoil Place; Transco Tower (now Williams Tower); and more than 400 other major buildings followed. He founded Hines in 1967. Today, Hines is one of the largest real estate firms in the world, according to a 2005 report by the Lipsey Company with operations throughout the U.S. and in 16 other countries. Many of his buildings were designed by well-known architects: I. M. Pei, Philip Johnson, Cesar Pelli, Frank Gehry, and Robert A.M. Stern.
Today, the Hines portfolio of projects underway, completed, acquired, and managed for third parties includes more than 1,100 properties representing approximately 454,000,000 square feet (42,200,000 m2) of office, residential, mixed-use, industrial, hotel, medical, retail, and sports facilities, as well as large, master-planned communities and land developments. With controlled assets valued at approximately $25.8 billion, Hines is one of the largest real estate organizations in the world, as stated in the press release, “Leading Sustainable Property Owner/Manager Hines Extends "Green Office" Program to It's (sic) 4,000+ Tenants." As of 2016, his net worth equaled USD $1.3 billion.
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