Leading Voices in Real Estate

Gerald Hines founded his business in 1957 as a developer of office properties. His namesake company now has a presence in 201 cities and 24 countries, and manages over $110 billion in property. Hines is renowned for not only creating the highest quality buildings in the market, but for partnering with the world’s best architects.The Beginning:Born in Gary, IN in 1925, Hines was the child of parents who came on a boat from Nova Scotia. Growing up, he ran cross country and track and is proud to share that his team won the city championships. He entered college at Purdue early, completing 3 semesters of studies before joining the Army at 18.While in the service, he was part of the Army Corps of Engineers, and his travels introduced him to the inspiring architecture in Seattle and Tacoma.After the Army, Hines returned to school to complete his Mechanical Engineering degree and spent some time selling engineering equipment.He made the leap to development when his neighbor needed a building for 5,000 square feet and Hines said, “let me build it.” This catapulted his career and he began working with larger companies and properties.Growth:“We just evolved… the brokers seemed to get the fact that we had a very high hit rate and so that attracted the better brokers to us with their projects, and quality and good value sustained our entry into that.”The timing was perfect, as Texas was expanding and companies were moving there, so there was a lot of new construction. Hines’ reputation for quality and straight shooting helped them grow.Hines recalls his first big project for Shell, building their new headquarters in Texas. He worked with architect Bruce Graham of Skidmore, Owings and Merrill on it, and for the pitch, they used a fancy German lock set to denote the quality of the project they were going to create – and they won. He went on to work with architects like Phillip Johnson on Pennzoil, and create iconic buildings like New York City’s Lipstick building, The Galleria in Houston, and the Marche St. Germain in France.Business Culture:Hines emphasizes the importance of a strong business culture, rooted in integrity.“I think our (team) all realize what integrity means and we stand by our word. We treat people fairly and that’s very important to all of us.”Episode LinksThe Hines WebsiteRaising the Bar: The Life and Work of Gerald D. Hines

Community BuildingMusic was everywhere. We played music, we were encouraged to play music, we sang in the car. But that was also the 70’s.Dar grew up in Chappaqua, NY during the 70’s. It was developing and becoming more progressive as a commuter city to New York City. Her parents were involved in city politics but also enjoyed art, gardening, and music.Through volunteering and fundraising, her parents exemplified community building, her father specifically holding an instrumental role in bringing their local library to life. Dar emphasizes the importance and beauty of libraries as community gathering spaces.Growing up, she has a clear memory of listening to Judy Collins and connecting with the seriousness and poetry of the songwriting. She pursued playwriting and theater until she moved to Boston where she began doing open mics and writing songs in its supportive, vibrant music community.Taking OffAs Dar began traveling and performing, she shares how she fell in love with watching the small towns evolve with each performance, time and time again. She credits this cultivation of culture to the people and the community builders who bring the artists into the town.I watched towns grow up as the venues grew up.Understanding Positive ProximityPositive proximity is the experience of living side by side with people and knowing that your life is better because there are other people, not despite the fact that there are other people.Dar shares a personal example of this from her life of a man who tilled the herb garden while sharing differing political views. Although she disagreed with his politics, she was grateful to spend time with someone who was so different from her but shared a common vision for their community.Some of the Towns That Dar Loves:1. Her hometown, Beacon, NY.2. Phoenixville, PA.3. Gainesville, FL.4. Moab, UT.Based on her 25 years of touring the country, Dar wrote the book “What I Found in A Thousand Towns,” which highlights her unique perspective on how communities evolve. As a bonus, Dar plays her song, “February.” You can find more of her work on her website.

Jim was born and raised in the Detroit suburbs. He has positive memories of the dynamic neighborhood full of families raising their kids and a strong public school environment. Also clear in his memory is a downtown visited on special occasions or to shop at Hudson’s, once America’s largest department store.Transit:Jim attributes Detroit’s early lack of public transportation to the fact that it was the hub for automotive companies, making car ownership king. He wonders how different things might have been, had public transportation been implemented.Many companies have maintained their presence in downtown Detroit through thick and thin, however, during this time of new investment, attracting and retaining top talent is the priority. Bedrock’s success has sparked competition and investment by others in downtown Detroit, helping bring young people and new businesses to the Central Business District.Roots:Jim went to Michigan State College of Law and laughs about how many of his work colleagues now, were old neighbors and classmates of his when he was younger. Specifically, his friend Dan Gilbert, Founder and Chairman of Quicken Loans.As Quicken Loans grew, Jim and Dan deepened discussions about moving the mortgage lender’s headquarters downtown from its suburban location in Livonia, MI. From there, they began to lay the foundation for major change.Transition:Although Jim shares that he was not quite sure what the future held, he also wasn’t afraid of failure. He believed that as long as they never had a plan B and only focused on plan A, this was something that could be successful.By the end of 2010, Jim and Dan had formed their company, and by January 2011, they had their first acquisition.Just seven years later, Bedrock’s portfolio includes more than 100 properties, mostly concentrated within Detroit’s Central Business District and downtown Cleveland.Now, downtown Detroit is home to tenants like Google, Facebook, Twitter, and Microsoft. Jim shares proudly that the residential, retail, restaurant, transportation, and arts scene have all been growing steadily.If a developer calls me up and says I’m interested in Detroit, I’m like ‘Great, let me tour you through everything we’ve done, let me teach you what we know, and let me help you to acquire something and compete with me.’ …The more you help people, the better it is.Advice:Jim’s parting advice is that it’s okay to fail because that’s how we all learn and get better.

Creating and Building:Born in McComb, MS, Keith says he could have written the book “Hillbilly Elegy,” about his own life. Since his parents weren’t really in the picture, his grandmother raised him from a young age in Pasadena, TX. He went on to graduate from the University of Texas, receiving his MBA with a concentration in real estate shortly thereafter.“I was just intrigued always with the idea of creating and building things.”After working as a management consultant at Deloitte, he interviewed at Century Development and joined the team. This is where he met Ric Campo, who became his long-time business partner.During that time, they realized that considering Houston’s economic recovery status, short-term leases were going to do the best, so they focused their business on apartments.From there, Keith and Ric began buying apartments in Houston and working with investors, until the RTC came along and the one-off asset game didn’t work anymore. They struck a deal with investor Louis Ranieri, which allowed them to play the RTC game, and their portfolio grew to 7,000 apartments. When Ranieri wanted to sell, Ric and Keith didn’t want to give up this company they had created. They crafted a plan and kept the business, taking the company public in 1993.Camden MilestonesKeith has several highlights that he says were “Watershed” moments for Camden’s trajectory.When they went from private to public, this became a huge watershed moment because they weren’t spending time raising capital. Keith says that raising capital is now less than 5% of his time.They went through three public-to-public mergers, which grew the geography of their company beyond Texas.They created the first revenue management system for the multi-family business with the software firm, RealPage. This solved the problem of pricing apartment rents in real time.The first year they made it on Fortune’s 100 Best Companies to Work For was in 2007, and they’ve been on it for 11 consecutive years now. He says it’s the benchmark, not just for Camden, but of how far the apartment industry has come.Keith and Ric, as President and CEO respectively, continue as partners and collaborators to this day, essentially as co-heads of the business. This type of collaboration is unique in the REIT industry.Creating Company CultureDuring a facilitator meeting where they discussed the importance of taking a stand, everyone in the meeting had to stand up and pitch their goal for the company. Keith stood up and said that in five years, Camden Property Trust will be recognized as one of the best companies to work for in this country. Two years later, they made Fortune’s 100 Best Companies to Work For.This company culture wasn’t born in that meeting however, it was there from the beginning.“It’s just setting up an environment where people can do their best work, where they’re rewarded for it both financially and emotionally… and then just being unyielding in terms of good and bad behavior.”IndustryKeith says Camden’s company culture is not a spectator sport, but an inclusive, respectful, integrity-driven environment.Keith’s Advice:Make it your mission to improve people’s lives, and you measure your success by that.Videos:Camden’s Gotta Feeling!Website:Camden Living

Sam Zell, one of the most storied names in real estate, describes his riveting journey from his parents’ escape from Poland in 1939 as Hitler invaded to how he built his real estate empire at Equity International, created the modern REIT, and lead the industry public.More about Equity Group InvestmentsForbes Magazine on Sam Zell’s successAm I Being Too Subtle?: Straight Talk From a Business Rebel

A-P Hurd was not planning on going into the real estate industry. After working in journalism and on the trading floor, she then landed a leadership role at Touchstone. Her unique perspective on business encourages people to use their skillsets to allow them to do their best work.Executive Q+A: A-P Hurd’s Urban ExpressionRead more about AP’s book The Carbon Efficient City

After growing up in Israel and serving in the army, Gadi Kaufmann came to the U.S. on a scholarship to Brigham Young University. His drive led him to an interview with RCLCO during college; and now, after 38 years and four careers at RCLCO, he has transitioned to the current managing director and CEO.Read Gadi’s biography

Ellen Winkler became an accidental developer when she moved her video production firm to Denver and failed to find a fun, yet collaborative work environment. Now she is creating coworking spaces all around the city.Read more about Ellen’s backgroundRead more about Drumbeat

Jonathan Rose left his family’s multigenerational real estate company to start his own for-profit mission-driven development firm. His passion for creating communities of opportunity is strengthened through the belief that we all share a compassion that makes the world a better place.More information on the Rose CompaniesMore information on the Well Tempered City

Leaving a legacy is easy for Phil Freelon, who founded one of the largest African American–owned architecture firms. With numerous cultural institutions under his belt, including the newest Smithsonian museum, he is motivated to design places where the public can convene.Phil Freelon’s bioRead more about the Smithsonian National Museum of African American History and CultureRead more about Phil Freelon