Houston-based Hines has tapped David Steinbach as the chief investment officer (CIO) of Hines Global REIT.
Steinbach has been with Hines since 1999, serving in a multitude of capacities that involve acquisitions, asset management and property dispositions on behalf of Hines Real Estate Investment Trust, Inc., Hines Global REIT and Hines US Core Office Fund LP, both in the U.S. and internationally.
"David has been an integral part of the Hines Global REIT management team since its inception and is well-suited to lead our investment activities going forward," said Sherri Schugart, president and CEO of Hines Global REIT.
Steinbach will be heading up a team that includes Managing Directors Ken Jett, Kenton McKeehan and Blake Williams, who have assisted in compiling Hines Global REIT's $4 billion investment portfolio.
Hines Global REIT is a public, non-listed real estate investment trust sponsored by Hines that owns interests in 41 real estate investments located in the United States and internationally.