Rick Mercer Joins Hines to Lead New Contracting Arm

Urban Oaks Builders Will Serve as General Contractor for Firm's Multifamily Division

(HOUSTON) – Hines, the international real estate firm, announced today the appointment of Rick Mercer as President of Urban Oaks Builders, a new general contracting company that will work for Hines’ Multifamily Division, headed by Senior Vice President Alan Patton.

In this capacity, Mercer will be responsible for the construction efforts of multifamily projects on a national basis, augmenting existing regional teams on current projects and overseeing future construction projects.

“We are pleased to welcome Rick to our team, and are excited about what his experience and expertise will bring to our multifamily efforts as we expand into general contracting,” said Patton.

“By performing the general contractor role in-house, we believe we will be able to better manage costs and control quality.”

Mercer was most recently a director for Wood Partners, a development and construction company in Atlanta, where he managed the firm’s South and West construction and high-rise divisions.

Prior to that, he was pre-construction manager for Bovis Lend Lease in Atlanta, where he worked on major public and private projects throughout the Southeast, including stadiums, offices and multifamily developments.

Mercer is a graduate of Kansas State University where he earned a B.S. in Construction Engineering in 1982.

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 1,126 properties representing more than 459 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 106 cities in 17 countries, and controlled assets valued at approximately $23.7 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, Haute Qualité Environnementale and DGNB green building rating systems.

Visit www.hines.com for more information.