HOUSTON — Hines, the international real estate firm, is pleased to announce that Sherri W. Schugart has been appointed to the firm’s Executive Committee, which functions as a board of directors.
Ms. Schugart is the Senior Managing Director/CEO of the Core Fund, REIT & BDC Group and currently serves as the President and CEO of all three of Hines’ public real estate companies (Hines REIT, Hines Global REIT and Hines Global REIT II), HMS Income Fund, Inc., (Hines’ public Business Development Company sub-advised by Main Street Capital), and the firm’s institutional U.S. Core Office Fund. She previously served as Chief Operating Officer as well as Chief Financial Officer for several of these entities. Collectively, these five investment funds currently own and manage approximately $10 Billion of real estate and debt investments located across Hines’ global platform. In addition, she serves on the Board of Directors of Hines Securities Inc. (HSI), Hines’ Registered Broker Dealer, with overall management and leadership responsibilities of HSI as it pertains to retail capital raising.
Since joining Hines in 1995, Sherri has served in various capacities within Hines’ investment management and capital markets groups and has participated in the raising and managing of more than $15 Billion of equity and debt capital for several of Hines’ institutional and public funds with varying investment strategies in the U.S. and internationally.
Hines President and CEO Jeff Hines commented, “We look forward to Sherri’s continuing contributions in shaping the firm and its policies and strategies.”
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 199 cities in 19 countries. Hines has $87 billion of assets under management, including $43 billion for which Hines provides fiduciary investment management services, and $44 billion for which Hines provides third-party property-level services. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,100 properties, totaling over 346 million square feet. The firm’s current property and asset management portfolio includes 531 properties, representing over 186 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.