Hines, the global real estate investment, development, and property manager, is pleased to announce that Steve Luthman has been promoted to chief executive officer of the U.S. Midwest and Southeast regions. He is now responsible for all development, acquisition, asset management, and operations activity in the respective regions.
Since joining Hines in 2005, Steve has contributed to the development, acquisition, financing, marketing, and disposition of more than 33 million square feet of commercial real estate in the Midwest, Southeast, and Canada. He led the capital formation for two Canada-specific discretionary investment vehicles comprising nearly C$3 billion of investment capital and led the firm’s transformation task force responsible for concepting flagship discretionary fund formation. Additionally, he created and spearheaded Hines’ innovative, mass timber product, T3, which now has 26 projects either completed, underway, or in conception totaling five million square feet globally.
Hines currently has $5.7 billion assets under management in the Midwest region, and $3.1 billion assets under management in the Southeast region.
