HOUSTON – Charles Hazen, who formerly served as President and CEO of Hines Global REIT and other Hines business units, has been named President of Transwestern Investment Group.
Transwestern Investment Group is part of the Transwestern group of companies, which also includes national real estate services and development companies.
“Charles brings deep investment management experience and outstanding investor relationships to our team,” said Larry P. Heard, CEO of the Houston-based Transwestern. “He is an industry leader with extensive experience in serving investors. Importantly, Charles is also an outstanding cultural fit, which is of paramount importance to Transwestern.”
Transwestern Investment Group, in a partnership with South Korea-based Mirae Asset Global Investments, recently acquired a 591,000-SF office building in a sale-leaseback deal with State Farm Auto Insurance Co.
Hazen was a member of the Hines executive committee and managed the acquisition or development of $12 billion of office, retail, industrial and multifamily properties worldwide. Hazen has extensive capital-raising experience with institutional investors. He has raised more than $6.2 billion over a 15-year period.
For the past four years, Hazen has led Stanmore Partners, a Houston real estate development and investment firm he founded in 2013. Stanmore has several projects in development and Hazen will assume the role of chairman and continue to be involved to in managing those projects. Stanmore is currently developing the 318-unit Ravella at Memorial Villages near the intersection of Blalock and the Katy Freeway in west Houston; Frisco North, a mixed-use project near Dallas, and a 306-unit multifamily project in Jacksonville, Fla.
While at Hines, Hazen also worked with Hines’ Core Fund/REIT Division and CEO of Hines U.S. Core Office Fund and Hines Corporate Properties.
With more than $3.2 billion of assets under management, Transwestern Investment Group serves a broad range of investors through discretionary funds, separate accounts and corporate net-leased properties through an integrated operating platform.