David L. Steinbach talks about Covid-19’s impact, Hines’ new fund and the increasing importance of ESG.
Launched 64 years ago by founder/chairman Gerald Hines, Houston-based Hines is among the top global commercial real estate investors/developers/owners, with a $160.9-billion portfolio that includes 377 properties totaling nearly 173 million sq. ft. under management in 27 countries.
Hines’ Pan-European Core Fund (HECF) currently has 30 assets under management, valued at more than €2 billion, in 15 cities across nine countries. This year, the company won the Pension Real Estate Association’s (PREA) Real Estate Investment Management Environmental, Social and Governance (ESG) award for HECF in the open-end fund category. The award recognizes PREA members for commitment to ESG principles and best practices within real estate investment.