NEWS

Hines Global Income Trust Adds Two New Positions to Board of Directors

June 22, 2021

New Directors, Laura Hines-Pierce and Dr. Ruth J. Simmons, add expertise in real estate, education, investment and innovation

(HOUS­TON) – Hines, the inter­na­tion­al real estate firm, is pleased to announce that the board of direc­tors of Hines Glob­al Income Trust, Inc. (“Hines Glob­al”) has approved the addi­tion of two new posi­tions to the board and vot­ed to appoint Lau­ra Hines-Pierce, senior man­ag­ing direc­tor in the Office of the CEO at Hines and Dr. Ruth J. Sim­mons, pres­i­dent of Prairie View A&M Uni­ver­si­ty, effec­tive immediately.

With these two new appoint­ments, Hines-Pierce joins Jeff Hines and David Stein­bach as the inter­nal mem­bers of the board of direc­tors and Dr. Sim­mons joins John Nie­mann, Burt Cabañas and Dou­gal Cameron as the inde­pen­dent directors.

Dr. Sim­mons’ and Laura’s board appoint­ments will be instru­men­tal in guid­ing and pro­pelling Hines Glob­al for­ward as we nav­i­gate the future of real estate,” said Jeff Hines, CEO, direc­tor and chair­man of the board of direc­tors for Hines Glob­al. Both women bring an incred­i­ble back­ground in oper­a­tions, inno­va­tion and lead­er­ship that will be extreme­ly valu­able to the board as we con­tin­ue to over­see the trans­for­ma­tion­al growth at Hines Glob­al. I’m look­ing for­ward to hav­ing their diverse per­spec­tives and deep under­stand­ing of the issues we face in our next chapter.”

Hines has sig­nif­i­cant expe­ri­ence in this invest­ment space, hav­ing spon­sored non-list­ed REITs since 2003. Over the past year, Hines Glob­al has exe­cut­ed on oppor­tu­ni­ties and seen sig­nif­i­cant growth, reach­ing a gross asset val­ue of $2 bil­lion with the addi­tion of nine acqui­si­tions since Jan­u­ary 2020. Diver­si­fied by geog­ra­phy and prod­uct type, half the port­fo­lio is cur­rent­ly made up of indus­tri­al and logis­tics real estate, while anoth­er quar­ter is allo­cat­ed to the liv­ing sec­tor. Hines Glob­al has been active­ly lever­ag­ing mar­ket insights and trends world­wide and it’s an excit­ing time to step into this role,” said Hines-Pierce. I am eager to tap into my expe­ri­ence from across the Hines orga­ni­za­tion as a mem­ber of the board of Hines Global.”

I am hon­ored to be appoint­ed to the Hines Glob­al board and am excit­ed to begin shar­ing the range of expe­ri­ences from my years as a leader and inno­va­tor in the high­er edu­ca­tion indus­try and as a direc­tor on mul­ti­ple pub­lic com­pa­ny boards, and apply­ing it toward the growth of Hines Glob­al,” Dr. Sim­mons said. I look for­ward to col­lab­o­rat­ing with my fel­low board mem­bers to fur­ther dri­ve Hines’ lead­er­ship in real estate.”

The Hines Glob­al lead­er­ship team is very excit­ed to work with both Lau­ra and Dr. Sim­mons, rec­og­nized lead­ers in their respec­tive fields, who embrace our mis­sion and under­stand the poten­tial of our indus­try,” Hines Glob­al pres­i­dent and chief invest­ment offi­cer – Amer­i­c­as, Alfon­so Munk added.

Lau­ra Hines-Pierce
Hines-Pierce helps shape firmwide strat­e­gy, man­age key risks and ensure Hines is con­sis­tent­ly on the lead­ing edge of being the best real estate investor, part­ner and man­ag­er in the world. She is also a mem­ber of the firm’s Exec­u­tive Com­mit­tee. Hines-Pierce joined Hines in 2012 and was respon­si­ble for project man­age­ment of land acqui­si­tions and devel­op­ments in the Mid­west and South­east Regions, includ­ing ana­lyz­ing acqui­si­tion and new busi­ness oppor­tu­ni­ties, devel­op­ing finan­cial and bud­get mod­els, assess­ing mar­ket research, eval­u­at­ing mixed-use devel­op­ment oppor­tu­ni­ties and assist­ing with insti­tu­tion­al fundrais­ing. In 2017, she relo­cat­ed to Hous­ton to work in the Office of the Chief Invest­ment Offi­cer, focused on sev­er­al firmwide ini­tia­tives that have helped to refine invest­ment strat­e­gy and acqui­si­tion efforts. In Sep­tem­ber 2018, she was named the firm’s Trans­for­ma­tion Offi­cer to sup­port the firm’s strate­gic and trans­for­ma­tive efforts across the busi­ness. In addi­tion, Ms. Hines-Pierce was part of the grass­roots team that estab­lished the One­Hines Women’s Net­work, lead­ing to the cre­ation of our Diver­si­ty & Inclu­sion ini­tia­tive. She received her Bach­e­lor of Arts in Eco­nom­ics and Art His­to­ry from Duke Uni­ver­si­ty and her MBA from Har­vard University.

Dr. Ruth J. Sim­mons
Dr. Ruth J. Sim­mons is Pres­i­dent of Prairie View A&M Uni­ver­si­ty. Before join­ing Prairie View, she was pres­i­dent of Brown Uni­ver­si­ty from 20012012. Before serv­ing as pres­i­dent of Brown, she was pres­i­dent of Smith Col­lege, the largest women’s col­lege in the Unit­ed States. Under her lead­er­ship, Brown made sig­nif­i­cant strides in improv­ing its stand­ing as one of the world’s finest research uni­ver­si­ties and at Smith, she launched a num­ber of impor­tant aca­d­e­m­ic ini­tia­tives, includ­ing an engi­neer­ing pro­gram, the first at an Amer­i­can women’s col­lege. Dr. Sim­mons has been award­ed over 23 hon­orary degrees. She is a mem­ber of the Nation­al Acad­e­my of Arts and Sci­ences, the Amer­i­can Philo­soph­i­cal Soci­ety, and the Coun­cil on For­eign Rela­tions. In 2013, she was named a cheva­lier’ of the French Legion of Hon­or by the pres­i­dent of France. A grad­u­ate of Dil­lard Uni­ver­si­ty, Dr. Sim­mons com­plet­ed her Ph.D. in Romance Lan­guages and Lit­er­a­tures at Har­vard. Before her appoint­ment as pres­i­dent of Smith Col­lege, she served in var­i­ous fac­ul­ty and admin­is­tra­tive roles at the Uni­ver­si­ty of South­ern Cal­i­for­nia, Prince­ton Uni­ver­si­ty and Spel­man College.

Dr. Sim­mons has served on boards of pub­lic com­pa­nies such as Gold­man Sachs and Texas Instru­ments and numer­ous non­prof­it boards, includ­ing the boards of trustees of Dil­lard Uni­ver­si­ty, Howard Uni­ver­si­ty, Prince­ton Uni­ver­si­ty and Rice Uni­ver­si­ty. She serves on the Coun­cil of the Smith­son­ian Nation­al Muse­um of African Amer­i­can His­to­ry and Cul­ture, the board of trustees of the Muse­um of Fine Arts of Hous­ton, and the Board of the Hous­ton Branch of the Fed­er­al Reserve Bank of Dal­las. In addi­tion, she chairs the Gov­ern­ing Board of the Holdsworth Cen­ter which sup­ports pub­lic school lead­er­ship in Texas.

About Hines Glob­al
Hines Glob­al is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about Hines Glob­al, vis­it www​.hines​glob​al​in​cometrust​.com.

About Hines
Hines is a pri­vate­ly owned glob­al real estate invest­ment firm found­ed in 1957 with a pres­ence in 240 cities in 27 coun­tries. Hines over­sees a port­fo­lio of assets under man­age­ment val­ued at approx­i­mate­ly $160.9 bil­lion¹, includ­ing $81.7 bil­lion in assets under man­age­ment for which Hines serves as invest­ment man­ag­er, and $79.2 bil­lion rep­re­sent­ing more than 172.9 mil­lion square feet of assets for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired approx­i­mate­ly 1,450 prop­er­ties, total­ing over 485 mil­lion square feet. The firm has more than 180 devel­op­ments cur­rent­ly under­way around the world. With exten­sive expe­ri­ence in invest­ments across the risk spec­trum and all prop­er­ty types, and a pio­neer­ing 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. 

¹In­cludes both the glob­al Hines orga­ni­za­tion as well as RIA AUM as of Decem­ber 312020.

For­ward-Look­ing State­ments
State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tion described here­in, are for­ward-look­ing state­ments with­in the mean­ing of Sec­tion 27A of the Secu­ri­ties Act of 1933, as amend­ed, and Sec­tion 21E of the Secu­ri­ties Exchange Act of 1934, as amend­ed. Such state­ments are based on cur­rent expec­ta­tions and assump­tions with respect to, among oth­er things, the future growth of Hines Glob­al and Hines. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks asso­ci­at­ed with Hines Glob­al being able to iden­ti­fy and suc­cess­ful­ly cap­i­tal­ize on oppor­tu­ni­ties for growth, and oth­er risks described in the Risk Fac­tors” sec­tion of Hines Glob­al’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2020, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.

Press Contacts
George C. Lancaster

Senior Vice President
Corporate Communications
713 966 7676