It was a very different world back then, and so I got incredible opportunities on that front and certainly was exposed to the business broadly. .leg-hnt-district-container { There were no incumbents in this race. I am a passionate and driven individual who is always looking to learn something new. I was on my way to playing football professionallybut I wanted to do more for the people of North Carolina who had given me so many opportunities. } And Im sure you remember back then that was a brutal time for real estate. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions. .votebox-covid-disclaimer { Tom Melody, his son John, and brother Mike, are all members of the W&D team today, and it is thanks to them that Jeff and Laura are joining me today and that our two firms are doing so much together. Having always valued the ingenuity of his fathers work in architecture, Jeff and the staff at Hines work to combine the creative, the practical, and the sustainable when it comes to designing buildings. People were excited to see my curly hair! } I proposed to my incredible fiance, Mary Charles, last November and I cant wait to start a family. I mean, that's certainly part of it. left: 0; padding-bottom: 5px; And Im simply thrilled that the Walker Webcast has been watched live or on replay by over 300,000 people, and that it continues to attract a large audience every week. box-sizing: border-box; Top editors give you the stories you want delivered right to your inbox each weekday. $(".expand-all").on('click', () => { We want to be in multifamily versus office. But you stepped into those big shoes and have taken this company to a whole different level and it's astounding what you have done in your leadership of Hines. You know our development experience gave us insight into that and certainly our operational experience gave us a huge amount of comfort, skill set to apply to the acquisition business. Ms. Hines-Pierce joined Hines in 2012 and was responsible for project management of developments and support of new business opportunities in the Midwest and Southeast Regions, including analyzing acquisition and new business opportunities, developing financial and budget models, assessing market research, evaluating mixed-use development opportunities and assisting with institutional fund raising. padding-top: 3px; Americans know how to spend their money better than the government does. You know I think the Single-Family Rental is something that we are very excited about and I think something that, a skill set that Id say we've been developing over the last 10 years, as well as we've been pushing into a land platform and then also building our multifamily for rent platform. Does that give you the luxury to be fully invested all the time? [1] He attended Charlotte Christian School, and played football as a wide receiver. So, the question is, do we sort of close-up shop and wait for our business to return or do we take our skill sets and do other things with them? As much as you are nice to hand credit off to us, the credit really goes to the whole firm and that was maybe not quite as true when Dad handed things off to me, but pretty darn true back then. We need a crop of new leaders to go to Washington to shake up the establishment and to bring meaningful change to the country. } jQuery(item).html("Scroll for more "); Hines, married to his wife Mary Charles since July 2021, earned an undergraduate degree from Yale and a law degree from Wake Forest University. That's when we sort of made the decision to start acquiring assets in addition to developing assets and its been more of an evolution rather than a revolution to where we are, Id say. We all deserve the right to protect ourselves, our families, and our property. What did you learn during the transition from your dad to you that you'll either repeat or not repeat as it relates to your own children? After his college got over, he started working in the offices of Eric Holcomb, the governor of Indiana, and Mike Rounds, a U.S. .outer_percentage { Laura talked about traveling around the world. } font-weight: bold; I think, single family for rent is another opportunity for us and where we see coming out of this market moment, I think we're going to see a lot of opportunity for that in some of the mid-tier cities and some of those areas. Now what I will say is the topic of ESG more broadly has gotten significantly more complicated than I think it was when we really set out to do what we do, and I think certainly the opportunity to create economic value, while also doing good for the world is something that we strive to do. .image-candidate-thumbnail-wrapper .image-candidate-thumbnail { Republican 13th District candidate Bo Hines of Winston-Salem has the backing of the Club for Growth, which is running ads supporting him. Quote Tweets. North Carolina's 5th congressional district, 2022 United States House of Representatives elections in North Carolina District 13, "Wiley Nickel wins 13th Congressional District | The North State Journal", "FOOTBALL: Yale scores high-profile Hines", "Yale Wide Receiver Hines Finally Healthy", "In his past, football at NC State. It is essential we revert back to the America First trade and economic policies that incentivized investment in our country and our citizens while discouraging offshoring and corporate inversions. a[aria-expanded=false] .fa-chevron-down { display: none; } So, on that, Jeff you know, at the same time as buying other people's properties, you also really made a push into Europe. Jeff Hines: And Willy, that is the exact same formula that my dad used with me. You're talking about going to Warsaw and building a building. Jeff Hines: We did bring in a consultant, you know, a typical consultant, strategic consultant to help us think through that, so that was part of the process too. We're not thinking about quarterly growth. margin-bottom: -2px !important; } Access your favorite topics in a personalized feed while you're on the go. U.S. President | .non_result_row { color: white; But it was a two-year process, probably to get approval to buy our first building. margin: 0 5px; width: 100% } He led the team during the 2014 St. Petersburg Bowl. Willy Walker: Laura as you think about that, and about the size and scale of Hines today, with over 4,000 employees around the globe. The White House? . Bo Hines overflow-y: hidden; color: white; In 2022, he was the Republican nominee in North Carolina's 13th Congressional District. font-weight: bold; Jeff Hines: Well, weve talked a lot about us on this on this call, and the thing to really stress is the way we make decisions at Hines is maybe a little different than other firms. } width: 100% !important;
. }) We started our first fund in the mid- 90s, really, because we were doing emerging markets, real estate development in emerging markets, and it was very difficult for one investor to plunk down a big bet in one project in China, it really became necessary to raise a fund so that investors could diversify their risk across many countries and many projects in order to get that done. margin-right: 10px; .votebox_legend .non_result_row { width: 100%; div.oneoff-scrollbox.short { height:250px; overflow:scroll; margin:20px; padding:10px; border:1px solid gray; } Office is going to be, it's unclear what the effect on office is going to be but you know my feeling is, it's going to be less of the sort of person sitting behind a screen doing spreadsheets which certainly can be done, you know from elsewhere, and it is going to be creating places that people want to go to, that people want to go and share and interrelate and work on training that next generation or you know, things that really do move the culture along. .leg-hnt-district-number { } I think I went to 18 different countries in nine months, something like that. .race_header, .results_text, .results_table_container, .votebox_legend { That deal was a marquee deal for both Hines and the L.J. } indicateScroll(); We appreciate the time. And what that means, what that requires, at least from our perspective, you know our vertical integration allows the opportunity to be flexible, to meet the As we think about, as an example FLEX office, it becomes part of the offering that one can give to clients and tenants to potentially solve problems or meet needs that they have. } max-width: 600px; document.getElementById('leg-hnt-content63c7f5154b2bc').classList.remove('leg-hnt-hide'); $(".collapse-all").on('click', () => { Under Mr. Walkers leadership, Walker & Dunlop has grown from a small, family-owned business to become one of the largest commercial real estate finance companies in the United States. } Literally decisions are made by a very strong institutional team that's been with Hines for a long period of time. .non_result_row div { width: 150px; If it just came from us, we'd never be able to do this. Willy Walker: So Laura your Dad just talked about technology, and I know you all, are an investor in Fifth Wall and I had Brendan Wallace on the Walker Webcast about a month ago, and he was fantastic with Casey Berman from Camber Creek just talking about where Fifth Wall is making investments. padding: 2px 0; Willy Walker: Laura I just heard your Dad use the phrase beds and sheds which I have not heard before and Im going to use it from here on out, I just love it. Well, yesterday the Mortgage Bankers Association released their annual rankings for 2020 and Walker & Dunlop was the largest provider of capital to the Multifamily industry. What are you feeling right now as CEO as it relates to what kind of the most pressing issue is to kind of get back up and get going post pandemic? We made a lot of mistakes along the way, and you know, a lot of lessons learned to get to where we are today. We know ours are good, so how can we trust we can acquire others and what does that mean? if(scrollHeight > 580 ) { If I took Walker & Dunlop to, to Warsaw tomorrow Id have to go find some great, you know, local Polish bankers and hire him or her, and Im kind of off to the races. He used to play as a Wide Receiver here. margin-top: 1px; Public policy. top: 0px; Jeffs vision for Hines is to, be the best real estate investor, partner, and manager in the world.. width: 100%; [13][14], On May 17th, Hines won the Republican Primary against seven opponents, garnering 32 percent of the vote, defeating his nearest opponent by nearly double digits. Now I think when it comes to technology, I think that technology that is making space solutions easier, that is integrating the use of space with the actual needs of the tenant in a much more seamless way, those to me are the ones that are going to rise to the top and become really important. width: 100%; Im a fresh new voice that will work to refurbish the Republican party. Nothing got him more excited than talking about the new design and what you could do differently to make it better and, yeah, it truly was his passion. font-weight: 300; He played college football for the NC State Wolfpack and Yale Bulldogs. In September 2018, she was named the firms Transformation Officer to support the firms strategic and transformative efforts across the business, and in February 2020, she was promoted to Senior Managing Director Office of the CEO. $75 billion of that AUM is where Hines is the investment manager, and $67 billion is where Hines provides third-party property level services. Now we're able to start converging some of that experience, where the opportunity arises whether that's multi-level industrial or how retail and logistics potentially start to come together. Even though they dont have kids yet, Robert has told his wife that he cant wait to start a family in North Carolina only. "I know in my household, my wife and I can't afford to give up one month's salary. As cyclical as real estate is our number of people employed by Hines is not cyclical. HINES: Well, you know, I grew up in a family of small business owners. [6][7] He played in four games for the Yale Bulldogs during the 2015 season, catching 11 passes for 134 yards, but missed the rest of the season and the 2016 season due to a separated shoulder that required surgery. BUCK: Bo Hines, we're going to be watching your race closely as a bellwether on Election Night. And so, this has been part of our growth story, and then having this diverse skill set that we've really built over the last 10 years allows us to drive into you know potentially new opportunities. $('#candidate-connection-twitter-104420').on('click', () => { ga('send', 'event', 'surveycta', 'surveycta-click-twitter'); }); vertical-align: middle; } He enrolled in the Wake Forest University of Law during this time only. I mean our skill sets allowed us to evaluate a mechanical system in a building we were looking to acquire and seeing: Was it a good system? background-color: #ccf; .votebox_legend { .inner_percentage, .inner_percentage.Nonpartisan, .inner_percentage.Independent, .inner_percentage.Constitution, .inner_percentage.unknown { event.srcElement.innerText = '[hide]'; [10] He earned the endorsement of former President Donald Trump on March 14th, calling Hines a fighter for Conservative values.[12], In April 2022, local Republicans campaigned against Hines through newspaper advertisements, email blasts and door-knocking because Hines did not live in the district in which he was running. .mw-content-ltr td.votebox-results-cell--text, Especially as you think about that long-term perspective. background-color: #003388; font-weight: bold; Willy Walker: So, Jeff just talking about the scale and how big you are today, and you know you launched the Hines Global REIT in 2009 right after the GFC and that has become a fantastic vehicle for you all. Today also happens to be Toms 60th birthday, so Happy Birthday, Tom, and thanks to you and your family for all you do to make Walker & Dunlop so great. .inner_percentage.Libertarian { $('.collapse').collapse('show'); But you really do have to be local, and it takes time. ul.key-messages {list-style-type: none; margin-left:10px; } font-size: 0.9em; I mean just talk about your office for a second, you know as Laura said. So, we've invested heavily in it both organizationally and dollar-wise, and so that's provided some of that growth too. North Carolina's 13th Congressional District. background-color: white; } I read 13 of your buildings in 2000 got lead platinum status, at a time when in 2000 there were very few companies focused on lead and lead platinum. So, let's start with just how'd you do it? }); font-weight: 500; Laura Hines-Pierce: Thank you for having us. Robert "Bo" Hines (born August 29, 1995) is an American former college football player from North Carolina. .hideResponses { display: none;} margin-bottom: 4px; } Ive always been a hard worker. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well. .widget-key { }. display: block;
He's removed all mentions of President Trump and his anti-abortion stance from his website, despite clearly telling the Raleigh News & Observer in May that "Abortion should be made illegal throughout the United States. Hines is completing his law degree from Wake Forest virtually as he travels across North Carolina to gain support from his constituents, he told the Daily Caller News Foundation. clear: both; } .race_header.republican { .percentage_number { .widget-row.value-only.black { Im a gun owner and I will always fight to defend the second amendment. defer(); .survey-result {padding:10px;} border: 1px solid #aaa; Hines completed Ballotpedia's Candidate Connection survey in 2021. .large-date { text-align: center; margin-top: 30px; margin-bottom: 20px; font-size: 20px; font-weight: 600;} div.survey-scrollbox { height:400px; overflow:scroll; margin:20px; padding:10px; border:1px solid gray; } font-size: 12px; After that, he enrolled himself in Wake Forest University School of Law in 2017 to complete his law degree. He missed the entire 2016 season because of a broken collarbone. .inner_percentage { background-color: grey; letter-spacing: 0.03em; They are trying to reduce the number of managers they deal with. padding-bottom: 3px; "With 8.3% inflation, that is the equivalent of one month salary for the average American," he said. padding-left: 16px; font-size: 12px; He and his wife embarked on their journey to start a family and they want to do their part to preserve American values and heritage, and ensure North Carolina reaches the heights of its potential. .results_row.winner { Willy opens the episode by providing listeners with some background on Hines and how it came to be the widely respected institution it is today. .leg-hnt-leadership-title { Bo Hines, a 27-year-old Republican candidate for the US House of Representatives. I mean first of all, you know, its things set in -- that were set in place right from the beginning at Hines that my dad established. I also saw how bad policy stifled manufacturing jobs, killed businesses, and destroyed communities. "I am focused on representing the men and women of North Carolina's 13th to the best of my ability. margin: 5px auto; I'm truly humbled by the quality of guests that have given an hour of their time to join me over the past year to discuss everything from commercial real estate to racial justice, to training for the Tokyo Olympics. Bo Hines, a congressional candidate from North Carolina, is self-funding the majority of his campaign, according to the FEC. Source. clearInterval(nTimer); And Willy, you called us a global real estate developer. I would say a lot of our organizational growth was led by people who had been with Hines for a long period of time. .leg-hnt-flex-item { } [19] This was disproven later on when campaign finance disclosures showed only 28 percent of his race was self-funded with a majority coming from individual contributions. So, they would spearhead the effort and help spread the culture and our goal and where we become now is, you go to Hines Spain and you don't see a U.S. company, you see a Spanish company run by Spaniards. As a football player, it is quite obvious that he has a very fit body. .contact_office { margin-top: 0.3em; margin-bottom: 0em;margin-right: 0.5em;} } .image-candidate-thumbnail-wrapper { background-color: grey; And its really, really, difficult Willy. Willy Walker: Well, in in talking about Laura and her brothers asking you to get back to the to the office Im going to let both of you get back to your day and Im just going to thank both of you for taking the time. Laura Hines-Pierce: Yes, and no. [16][17][18], In May 2022, Business Insider reported that Hines was funding the majority of his campaign with a trust fund. 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