(NEW YORK) – Hines, the global real estate investment, development, and property manager, is pleased to announce new leadership for New York, Washington D.C., and Boston. Jason Alderman, senior managing director, has been promoted to city head of the New York office; Andrew McGeorge, senior managing director, has been promoted to city head of the Washington D.C. office; and Sean Sacks, managing director, has been promoted to senior managing director and city head of Boston. The former respective city heads, senior managing directors Tommy Craig, Chuck Watters, and David Perry will continue to provide strategic support and leadership in the region.
“This is a new era for the east region. Jason, Andrew, and Sean are the right leaders to grow our business and take advantage of the significant real estate opportunities we see ahead,” said Sarah Hawkins, CEO for Hines’ east region. “Each has a clear vision for driving Hines’ success, and most importantly, has earned the trust and respect of our team and their peers in the market.”
Alderman began his career at Hines in 1999. In his first 14 years with the firm, he worked in the Beijing, Boston, and New York offices and made significant contributions to over 1.3 million square feet of ground-up developments including 40 Mercer, 53 West 53 and 7 Bryant Park as well as over $2 billion in acquisitions, dispositions, and financing. He rejoined Hines in 2021 as senior managing director.
"Hines has a significant legacy that has been established in New York and I look forward to building on that,” said Alderman. “We are very focused on our growth trajectory by continuing to diversify our asset types, specifically in industrial and residential, being active in new suburban markets, and pursuing opportunistic solutions for the vacant and under-utilized office space in our city.”
McGeorge joined Hines in 2020 and brought with him an extensive background in land development, office, and multifamily, as well as strong relationships with investors, landowners, and brokers – cultivated through years working in the sector.
“I’m dedicated to expanding our presence further in Washington D.C. and the mid-Atlantic, including Philadelphia,” said McGeorge. “We have ambitious plans for growing our multifamily, industrial, and placemaking/mixed-use platforms, as well as exciting projects that we’re delivering, such as The Parks at Walter Reed, our 66-acre mixed-use community, that will continue to differentiate Hines in this market.”
Sacks began his career with Hines in 2014 as a director to support the growing multifamily development activities of the Hines’ Boston office. He has since been involved with development and acquisition activity totaling over 2,100 units and $1 billion in value.
“We have been steadily growing our Boston business and team over the last few years,” said Sacks. “I’m enthusiastic about our robust pipeline, specifically our city-defining project, South Station, and our continued focus on projects that set new standards for ESG and create the highest quality properties to live, work, shop, and play.
Established in 1981, Hines’ east region includes the New York/Tri-State, Washington, D.C., Greater Boston, and Philadelphia metro areas and currently has $19.6 billion assets under management. Since 2018, the region has leaned heavily into product diversification. It’s established an industrial platform that has grown to over 5 million square feet under development, entered the land development business in the mid-Atlantic, and pushed further into residential, growing its multifamily platform from five projects in 2018 to 21 projects either completed or underway today. Additionally, the East Region continues to focus on city-defining, legacy developments such as One Vanderbilt and One Madison in New York City, South Station Tower in Boston, and The Parks at Walter Reed in Washington D.C.
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.