(HOUSTON) – Hines, the global real estate investment manager, today launched Hines Private Wealth Solutions (“Hines PWS”) to reflect its investor-centric approach and range of offerings available to individual investors. The Hines PWS platform intends to build on the momentum of the firm’s 20 years in the private wealth space and capitalize on the expected growth of the sector by broadening and deepening its relationships across distribution channels, exploring opportunities for expansion in Europe and Asia, and continuing to provide investment opportunities across the risk and return spectrum designed to meet the diverse goals of investors.
The firm sees enormous potential in this channel given its position as a real estate leader with a global footprint and 67 years of operating experience. In February, Hines announced the hiring of industry veteran Paul Ferraro, formerly head of Carlyle Private Wealth, to lead its global private wealth strategy. The Hines PWS launch reflects his approach to reframe the business to better represent its commitment to offering quality products with a variety of investors and their particular investment goals in mind.
“Our private wealth platform is the culmination of two decades’ worth of evolution and innovation,” noted Ferraro, global head of private wealth for Hines. “Hines Private Wealth Solutions makes our multifaceted, solutions-based approach crystal-clear.”
The firm’s broker-dealer affiliate previously known as Hines Securities, Inc., has been renamed Hines Private Wealth Solutions LLC in conjunction with the launch. Hines Private Wealth Solutions LLC will have the benefit of Ferraro’s overarching vision as well as the continued leadership of Mark Earley, who will remain focused on its Americas business.
“While Hines has had great success in attracting individual investors to our strategies to date, we see vast untapped potential ahead of us,” said David Steinbach, Global Chief Investment Officer at Hines. “We believe investors are increasingly seeking greater diversification within their portfolios, and Hines is well positioned to help them achieve their optimal investment mix and address a variety of financial needs through the power of real estate investing.”
As of December 31, 2023, the private wealth platform has raised over $10.7 billion through an array of offerings, including non-traded real estate investment trusts, private placements, and tax-deferred exchanges. It recently expanded its business to bring opportunities to Canadian and Latin American investors and intends to broaden its investor base further abroad.
Read our whitepaper now prepared by Hines’ proprietary research group on real estate as an investment solution, allocation options, and strategic approaches that provide additional layers of diversification. For additional information about Hines Private Wealth Solutions LLC, visit hinesprivatewealth.com.
About Hines
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage a $93.2B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 857 properties totaling over 270 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.
