Hines Will Elevate Adam Hines to Co-CEO Position

The leadership change will reshape day-to-day operations at the global real estate firm.

Updated on Oct. 2, 2026 in People

Isometric editorial illustration of a tall geometric skyscraper volume in teal and slate blue, representing institutional corporate structure. — Real estate firm Hines has appointed Adam Hines as co-CEO effective January 1, 2027, as part of a major executive leadership restructuring. AI Illustration. Upload story photo >

Live Poll

Is it better for large family-owned businesses to appoint family members to top leadership roles?

Effective January 1, 2027, Adam Hines will join Laura Hines-Pierce as co-CEO of Hines to direct the firm's strategic trajectory. The transition marks a broader restructuring of the company's executive leadership team.

Why it matters

The firm is shifting its operational management structure by pairing leadership responsibilities between existing executives, a move that consolidates control over the firm's global portfolio.

Laura Hines-Pierce has served five years in her current tenure leading up to this shift. The transition involves multiple executive reassignments across the firm's global leadership structure.

The players

Adam Hines

An executive who joined the global real estate firm in 2017 and is slated to assume the co-CEO role.

Laura Hines-Pierce

The current co-CEO who will continue leading the firm while taking on the role of CEO and chair of the Hines Global Income Trust board.

Hines

A global real estate investment, development, and property management firm operating in major international markets.

Jeffrey Hines

The current firm leader who will transition into the role of chairman.

David Steinbach

An executive promoted to the position of president of the firm.

The details

The transition delegates day-to-day operational responsibilities to the pair of co-CEOs, who will oversee the company's future strategic direction. In parallel, Jeffrey Hines will shift to the role of chairman, while David Steinbach moves to president and Alfonso Munk takes on the global chief investment officer position.

Adam Hines joined the firm in 2017.
Laura Hines-Pierce became co-CEO in February 2022.
Adam Hines and Laura Hines-Pierce will begin their co-CEO roles on January 1, 2027.

Market Landscape

This transition serves as a second phase in the firm's multi-year executive succession plan initiated during the 2022 co-CEO appointment. It reflects a broader trend of institutional real estate firms codifying leadership structures to manage global growth.

Operators should monitor how the dual-CEO structure influences the firm's investment mandates and regional focus throughout 2027. Tracking the new division of authority provides a signal for future institutional asset deployment strategies.

The takeaway

Succession plans in private firms often move through distinct phases of executive reassignment to ensure operational continuity. Operators should review their own internal contingency planning to verify if leadership depth is sufficient for a multi-year transition process.