.inner_percentage { 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. We want to be in the established markets. left: 0; But yeah, it's been pretty exciting growth. What's your take on multifamily versus Single-Family Rental in the housing industry most specifically here in the United States? Laura went to Duke and also has an MBA from Harvard Business School. } font-size: 2em; background-color: white; Willy Walker: And on that, you met and still work with all of these incredible architects. Mr. Hines is a board member on the KIPP Academy Trustees Advisory Board and is a member of the MD Anderson Board of Visitors. It's a real honor to have both of you on it is unbelievable to see what your family has created in the firm and the presence you have around the globe. display: none; background: #4c4c4c; We have seen bad trade deals hollow out our communities, fiscal irresponsibility saddle us with debt, and ideological infighting distract us from dealing with issues that most Americans deal with on a daily basis. It makes me think back to when we acquired our first company at Walker & Dunlop and my father and my other partners in the business looked at me and said well how do we know how the people were trained, and how do we know how they approach credit, and I said well that's what underwriting is for. as well as other partner offers and accept our. margin: 0px 10px; Fixing operations. break-inside: avoid-column; font-weight: bold; p.survey-response {margin-left:10px;} .race_header, .results_text, .results_table_container, .votebox_legend { .electionsectionheading { He played college football for the NC State Wolfpack and Yale Bulldogs. text-align: center; overflow: hidden; Traditionally, a lot of real estate investment managers made money by great Beta. font-size: 16px; I would be remiss if I didn't make a quick comment about Walker & Dunlop this morning. I will advocate for lower individual and business tax rates to keep more money in North Carolinians' pockets and to help small businesses. The ability to create returns at the property level itself. [21], On the campaign trail, Hines said he is pro-life but added in an interview with WRAL News on October 1st, that abortion is a states rights issue. width: 50%; } What's The biggest challenge on a go forward basis as it relates to both maintaining the core culture at Hines? The true answer is, we could mess it up big time and the firm wouldn't miss a miss a beat. I also saw how bad policy stifled manufacturing jobs, killed businesses, and destroyed communities. We have bills to pay, we have rent to pay.". width: 150px; color: white; So, first of all, Jeff and Laura, thank you very much for joining me today. The institutional investors are, Id say the one common theme is they all want to have us make their life easier. .leg-hnt-district-container { Please list below 3 key messages of your campaign. He is a candidate for the United States House of Representatives as a Republican. Growing up, Bo worked for his family's apparel business and saw firsthand how destructive government regulations can be. } 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. } Robert is 61 feet or 185 cm tall. $('.hideResponses').hide(); And you built all these iconic buildings and just the volume that you all developed during that period of time is truly staggering. If it just came from us, we'd never be able to do this. November 6, 2022. } Part of earning that trust includes routinely making sure our elections are: easy to vote in, but hard to cheat in. Hasty Johnson our current vice chairman and I, you know, I think dad just got tired of us and said sure go buy one, and you know, hopefully, luckily things went pretty well after that. width: 35px !important; Have a great one. $('.showResponses').hide(); }) I am as pro-gun as it gets. column-count: auto; } width: 100%; Hines is a global real estate development firm founded in 1957 by Gerald Hines. .expand-all:hover, .collapse-all:hover {cursor: pointer; text-decoration: underline;} Hines, married to his wife Mary Charles since July 2021, earned an undergraduate degree from Yale and a law degree from Wake Forest University. In 2022, he was the Republican nominee in North Carolina's 13th Congressional District. Nickel leads Hines 51.32 percent to 48.68 percent, with all precincts reporting. How do we get an efficient use of our capital and still really deliver the best design that's been a great value long term? .widget-row.Green { That was the real trick, and I think Dad and again some other folks really wrote the formulas been followed many times by other firms going forward, and, of course, you know you eventually youre able to prove that you could get a rent premium that justified the higher cost, so it became a real selling point rather than just a cost increase. Roberts father, Todd Hines was also a football player. Laura Hines-Pierce: Its a great question and I think you know as Dad said, I think a lot of things have been accelerated and made clear and are coming to relief, if you will, through COVID. Hines, members of the Hines Family, the Lender or another Hines Affiliate. font-size: 1.25em; } Once we had raised the funds, we started to see the benefits of it, and what we could provide as a firm to that business, so we got into it more and more and it's just you know Id say we are really leaned into the last decade, but a lot of that is because of the success and experience we had prior to that. margin-bottom: -2px !important; Those ads were produced by the National Republican Congressional Committee. } But we're feeling, we're feeling the fact that we've drawn down on that capital and you know, we do a lot of work pulling people together globally, either for internal conferences, for trips, for learning opportunities across the firm and obviously we haven't been able to do that, not in the same way, and I think that's something we're going to need to push into heavily as we come out of COVID. And Id say again, the answer is probably several fold, and one big driver, and this is also sort of a driver for us making a big international push. They want managers that can handle as you were pointing out the broad array of you know, be able to offer multiple options that that they can pick and choose from, and having relationships takes time and organizational efforts so they're all looking to become more efficient over time and again we think that's sort of an opportunity for our type of firm even where we are. On August 29, 1995, Bo Hines was born in Charlotte, North Carolina. } As cyclical as real estate is our number of people employed by Hines is not cyclical. Or your family was building a huge iconic building in a city where you got to meet someone special that was sort of a unique experience that you remember back to? Following publication of this story, Rob Burgess, Hines' senior advisor, told Insider: "Bo Hines has worked in and around his family businesses since he was a teenager. Hines transferred to Yale, interned on Capitol Hill and for Indiana Governor Holcomb, and was recently concluding a law degree from Wake Forest. .leg-hnt-flex-column { She also interned at Eastdil Secured where she was responsible for underwriting, analysis, market research and the development of offering memorandums for a variety of asset types across geographies. 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. .key-messages li {margin-bottom: 10px;} Literally decisions are made by a very strong institutional team that's been with Hines for a long period of time. a[aria-expanded=false] .fa-chevron-down { display: none; } Then the last thing Ill say too is, I think one thing that the firm did really well is institutionalize that knowledge, and so that's something when we go through that creative process with, the creative tension process with an architect we bring as much to the table, often, as they do, because we have a group internally, that is involved in essentially every asset that we do, and they bring all of that built up experience and knowledge to the table in. He completed his primary education at Charlotte Christian School in Charlotte, North Carolina. font-weight: 500; Thats pretty satisfying. } color:white; .indicate_scroll { } margin: 0 5px; Adding over 200 basis points of Alpha to our investments over our history, which is yeah, I think probably one of our most remarkable stats. if(scrollHeight > 580 ) { You'd already been in Mexico and you've done a large industrial development in Mexico, but you really in the mid-90s started pushing the euro. 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. float: right; background-color: #db0000; .contact_office { margin-top: 0.3em; margin-bottom: 0em;margin-right: 0.5em;} } You know, the culture, the integrity, the fair dealing with people, the performance that was created early on. .results_row td { His trust fund, named Hines Children's Trust, is the only reported asset on his personal financial disclosure. And you do that very carefully and you get people that you think will fit your culture and then you imbue the culture with them over time. .widget-row.value-only.white { }); What's on my ballot? Counties | .leg-hnt-flex-row { font-style: italic; } It comes from leaders across the firm really taking ownership and responsibility and carrying the culture forward. Jeff Hines: Yeah, I mean it's more challenging. background-color: #6db24f; position: relative; background-color: #dac113; Upon deciding to run for Congress, he chose to fully invest his time and energy into representing this community. But you were an incredibly successful real estate development firm and still are. Jeff Hines: Yeah, that's something I think Dan and some others at the firm really do get credit for, and rightly so, and, as you say, before there may be a few exceptions. That's what you need to become, so, he became an engineer. } font-weight: bold; And Willy, you called us a global real estate developer. } .non_result_row th { width: 50px; American Infrastructure | } Hines completed Ballotpedia's Candidate Connection survey in 2021. What do you think sticks? Bo Hines, a congressional candidate from North Carolina, twice claimed that he and his wife "can't afford to give up a month's salary.". Join The Fight For North Carolina. [5] The couple divorced in July 2019,[24] and Hines married Mary Charles Bryson in July 2021.[25]. Laura Hines-Pierce: And Ill just say too, I think it's on that the economic equation, it wasn't only the rent premium and being able to attract the tenants but, certainly a high belief that better-designed buildings, retained tenants, through downturns, and, ultimately, that really increases the overall asset value of the building itself. font-weight: bold; It's pretty amazing what you've created in that year. Contents 1 Early life and education 2 Politics 2.1 2022 election Robert led NC State with 45 receptions and 616 receiving yards. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. } padding-bottom: 7px; We need a crop of new leaders to go to Washington to shake up the establishment and to bring meaningful change to the country. Before mounting his 2022 campaign, Hines worked for . 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. I will create a national coalition to fight for these things. } We made a lot of mistakes along the way, and you know, a lot of lessons learned to get to where we are today. What are the main points you want voters to remember about your goals for your time in office? I can be hit by a bus and truly the firm would not miss a beat going forward. 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 government must fight to ensure that businesses invest in their communities and create jobs in our country. [1][2], .votebox { After that, he enrolled himself in Wake Forest University School of Law in 2017 to complete his law degree. But Nickel commented on Insider's story on Twitter, saying: "My opponent is a 27-year-old trust fund kid. Doing something with the real estate. display: inline-block; } I grew up in a family of entrepreneurs. [3], In 2015, Hines transferred to Yale University because of his interest in politics. } The nonpartisan Cook Political Report rated the race, in North Carolina's 13th Congressional District, a "toss-up.". Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Jeff Hines: For sure of course. } Log in or sign up for Facebook to connect with friends, family and people you know. Likes. Robert was born on August 29, 1995, and is currently 26 years old only. top: 2px; If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. I was curious was there ever or is there a memory that you have from your childhood when your father or grandfather took you to some city to see an asset that was being built, and you got to go up to the top of it and look out over some city you've never seen before? font-size: .9em; position: relative; Before mounting his 2022 campaign, Hines worked. Contact our sales team. [23], Hines's father Todd played for the Detroit Lions of the National Football League and the Hamilton Tiger-Cats of the Canadian Football League. } font-size: 12px; margin-top: 0px; display: block; } display: block; .infobox p { How To Apply For A Family Health Care Grant? He was born in Charlotte, North Carolina, US, and was raised there only. I think if you talk to anyone who knew him well or sat in on an architectural meeting where he was going over design or schematics with a great architect, they will tell you there was an architect trapped in that body somewhere. Trump, who endorsed Hines in March, called him a "proven winner both on and off the field" and a "fighter for Conservative values. margin: 8px auto; Our right to free speech is a constitutionally protected right, but it is also important to maintaining a civil discord in our society. Because frankly, there is a question of will other people's buildings be as good as ours? margin-bottom:0px; background-color: #ccf; And what's really the scarce commodity now going forward, we think a lot of investors feel this way at least, is the Alpha-side of the equation. I think I went to 18 different countries in nine months, something like that. That plays into this whole sustainability long-term investment outlook. I believe that life begins at conception and that we must protect the rights of the unborn. ", The race between Hines and Nickel is highly competitive. width: 57%; background-color: #003388; 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. font-weight: 500; You know Willy, coming from a family business, youd probably feel the same if your Dad would have pressured you to come in the business, you might have run the other way. } I have no desire to be a celebrity politician," Hines said Monday in a statement provided to the Washington Examiner. .results_table_container { "Bo Hines is trying to mislead voters by distorting Wiley's record as a defense attorney, which is ironic, considering Bo Hines understands very well what a defense attorney does because he's dealt with multiple criminal charges himself," May said in a statement. font-size: 110%; And yes, you know, I think it is absolutely the thing that I think we need to protect most fiercely. font-weight: 300; Sign up for notifications from Insider! $('.hideResponses').on('click', () => { Willy Walker: Laura, I want to bring you in here because you've watched the evolution and growth of this company throughout your life. 1,288. } .election_results_text { letter-spacing: 0.03em; And industrials not that far behind. But federal records show he has no salary", "Former NC State football player announces he's running for Congress", "Trump endorses Bo Hines in key swing congressional district, but will it bring victory? } But it was a two-year process, probably to get approval to buy our first building. z-index:1; In May, he valued income he this year received from the trust fund at between $100,000 and $1 million. Because Hines, really, of all the development firms in the world and asset management firms in the world, has the reputation of having gone and worked with the world's preeminent architects. Certainly, there were really incredible opportunities that I got growing up. margin-top: 1px; This week, however, reporting from CBS 17 reveals that Hines is trying to hide his extreme stances from North Carolina voters in his latest website update. [8], In January 2021, Hines announced that he would run as a Republican for the United States House of Representatives in North Carolina's 5th congressional district, held by Republican Virginia Foxx. Willy Walker: Jeff, Laura just commented that you've grown the firm by 15% during the pandemic. if (document.getElementById('leg-hnt-content63c7f5154b2bc').classList.contains('leg-hnt-hide')) { column-gap: 1em; margin-top: 1em; But his footballing career at Yale University was not that bright because of the injuries. From a young age, I saw how government action affected small businesses. $('.collapse').collapse('hide'); Hines Family Trust means a trust, the vested beneficiaries of which include members of the Hines Family and in which the only trustees are Gerald D. Hines, JeffreyC. But to do that organically is, which we think is the right way, the only way you can sort of maintain that culture, which is really the glue that holds everything together. We do have, it is part of our strategy to support our leaders and in staying for the long term, because that's how you continue to maintain that capital and infuse that capital. [15] Hines narrowly lost the election to Democratic state Senator Wiley Nickel. } One thing that we've been doing over the last 15 years has really been diversifying across asset classes, across property types again organically building our skill sets, and we're now at a place where our living platform, our industrial and logistics platform, and retail platforms as well are huge businesses in and of themselves. His plan follows Pennsylvania Senate candidate Dr. Oz's comment that decisions about abortions should be made by "women, their . } .leg-hnt-hide { background-color: grey; There was a tad of what Laura said of both pride and maybe a tad of arrogance that you all were building the very, very best buildings there were, so why would you buy anybody else's? We have an executive committee, which is the top 17 people in our firm that it really acts as our board of directors, more than a board of directors. } Jeff Hines: And Willy, that is the exact same formula that my dad used with me. Yet in the mid-2000s you made the distinct decision to change the strategy and move much more rapidly into that asset management business, if you will, and not necessarily away from development, but to grow that. Even though they dont have kids yet, Robert has told his wife that he cant wait to start a family in North Carolina only. Click here to read the survey answers. padding-top: 8px; BUCK: Bo Hines, we're going to be watching your race closely as a bellwether on Election Night. font-weight: bold; .leg-hnt-title { Jeff Hines: Yeah, I mean I think that's if you're in lots of geographies and you're got lots of product types, acquisition versus development. .contact_entity {font-size: 1.0em ;margin-top: 0.6em; margin-bottom: 0em; margin-right: 0.5em;} Securing Our Elections font-weight: 100; clear: both; 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. .outer_percentage { Laura Hines-Pierce: Its easier to give him grief. margin: 3px 0; I mean, that's certainly part of it. Bo Hines is a fighter through-and-through. box-sizing: border-box; background-color: green; [4], In 2017, Hines retired from college football. Please, North Carolina's 13th Congressional District, North Carolina's 13th Congressional District election, 2022, https://ballotpedia.org/wiki/index.php?title=Bo_Hines&oldid=9015177, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections. I witnessed the legislative process first-hand as an intern on Capitol Hill and studied local government issues. display: inline-block; clearInterval(nTimer); Hines' recent financial disclosure shows that all of his money. And Id say the answer to that is multifold. Running into the end zone. Top editors give you the stories you want delivered right to your inbox each weekday. .results_row td:first-child { The business we were in was majorly overbuilt, horrendously overbuilt. Americans agree on far more than we disagree on. What are you seeing from a when we look forward, what do you think's really going to change the landscape from a kind of a prop tech standpoint? What are you seeing out there? If you go back to 1990, as you say what we were in the 80s, the business we were in was building large CBD [Central Business District] architecturally significant buildings in U.S. CBDs. } He earned a scholarship at North Carolina State University to play college football for the NC State Wolfpack. margin-bottom: 0; box-sizing: border-box; To fight for fair trade, creating and protecting good jobs and economic opportunities. 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. It is truly astounding what the team at Walker & Dunlop has accomplished, and like my two guests today, we are now faced with what's next. The survey questions appear in bold and are followed by Hines' responses. While economic growth is important, it is not an end in itselfwe must ensure that the economy works for the people of our country and not the other way around. Tom Melody Happy Birthday again and to Laura and Jeff thank you both again for joining me today. } } Really sort of heads down on a million square foot office development there, and my next move really was working with David Steinbach who's our Chief Investment Officer and we spent really our first nine months essentially traveling the globe. } [1] He attended Charlotte Christian School, and played football as a wide receiver. Hines is working to convince Republican financiers that beyond superficial similarities, he and Cawthorn are polar opposites. Stay up to date with what you want to know. It is truly amazing where we are today, and with sustained discipline for the next few months, we should find ourselves back to a more normalized world this Summer. He missed the entire 2016 season because of a broken collarbone. Willy Walker: How fun, is it for you to have your three kids all working inside the company? What's your take of the capital markets today because you all have such amazing investor relationships and you have those relationships around the globe, as you talk to that investor base what are they looking for as it relates to not only core returns, because we've all seen returns come down, but as it relates to Are they saying we want to be in emerging markets? What was it at that time that -- I mean, you were such a successful development firm at that time Im just curious as to what it was that led you to say: We need to add the people, the resources, the know-how to scale that side of our business over the next decade? .widget-row.value-only.black { event.srcElement.innerText = '[hide]'; We are certainly very proud of our history, but that's one of the ways we're serving investors, in addition to some of the others.