Hines Promotes Thomas D. Owens to Newly Created Position: Chief Risk Officer

(HOUSTON) – Hines, the international real estate firm, announced that Thomas D. Owens has been promoted to Executive Vice President in the firm’s corporate office at Williams Tower in Houston, and that he has assumed a new responsibility as Chief Risk Officer for Investments worldwide.

In this new role, he will be responsible for helping Hines better manage risks that affect the firm’s investment performance and reputation.

Owens will serve as a member of the investment committee for all Hines funds, as well as the Hines Investment Committee for company projects and joint ventures.

He will be involved in evaluating the merits of all investments, with a primary focus on managing risk, both when an investment is approved as well as over the life of a project.

President and CEO Jeff Hines said, “We believe this is an important step in helping to assure that our firm keeps its place as the leader in the real estate investment management industry.”

Owens joined Hines in 1973 and has managed four venture funds, all of which have been monetized.

He has been responsible for the development of more than seven million square feet of office and retail space representing $1.5 billion.

In addition to fund management, he has extensive experience in construction and project management, asset and portfolio management, and project acquisition/disposition.

Owens graduated from Texas A&M University with a B.S. in Building Construction, and he received his Master of Business Administration degree from the University of Texas at Austin.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,111 properties representing more than 451 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $22.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM in the United Kingdom, France’s Haute Qualité Environnementale and with the German Sustainable Building Council. Visit www.hines.com for more information.