Gerald D Hines, founder and chairman of real estate investment company Hines, has died at the age of 95.
He passed away at his home on Sunday, 23 August.
News of his death was announced by his son, Jeffrey, who now becomes chairman and chief executive of the company.
“Beyond his significant, impactful career and his pioneering contributions to architecture, sustainability and the built environment, Dad felt his greatest achievement was the team of dedicated professionals who have, and will continue to, carry on his legacy of peerless quality, integrity and innovation,” said Jeffrey.
Over the course of some six decades, Hines built his company into a group spanning 225 cities across 25 countries and with more than 4,800 employees and some $144.1bn of assets under management.
Hines lived in London between 1996 and 2010, taking the company into western and eastern European markets. Lars Huber, chief executive of Hines Europe, described him as “instrumental” in establishing the group’s European business.
“This is a sad day for the Hines family worldwide. Gerry instilled the values of integrity, innovation and quality which are part of our DNA to this day, and I am sure for generations to come,” Huber added.
“He was a pioneer of real estate, an inspirational leader and a real mentor to me throughout my career, as he was to so many others… Along with the senior leadership team, I am proud to have counted on him as a colleague and friend. We will miss him.”
Hines is survived by his wife, Barbara, four children, 15 grandchildren and one great grandson. He will be laid to rest in a private ceremony in Colorado with a celebration of his life to be held at a future date.
To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette
