HOUSTON – Charles Hazen, formerly President and CEO of Hines Global REIT and a leader across other Hines business units, has been appointed President of Transwestern Investment Group.
Transwestern Investment Group operates within the broader Transwestern family, which includes national real estate services and development companies. The investment group manages a diversified portfolio and works with institutional and private investors on value-oriented strategies.
“Charles brings deep investment management experience and outstanding investor relationships to our team,” said Larry P. Heard, CEO of Houston-based Transwestern. “He is an industry leader with extensive experience serving investors. Importantly, Charles is also an excellent cultural fit, which is of paramount importance to Transwestern.”
Transwestern Investment Group recently partnered with South Korea–based Mirae Asset Global Investments to acquire a 591,000-square-foot office building in a sale-leaseback transaction with State Farm Auto Insurance Company. That deal underscores the group’s capability to execute large, institutionally driven transactions.
Hazen served on Hines’ executive committee and led acquisition or development activity totaling roughly $12 billion across office, retail, industrial and multifamily property types worldwide. He has significant capital-raising experience with institutional investors, having raised more than $6.2 billion over a 15-year period.
Since 2013, Hazen has led Stanmore Partners, a Houston-based real estate development and investment firm he founded. He will assume the role of chairman at Stanmore and remain involved in overseeing the company’s active projects as he transitions to Transwestern. Current Stanmore developments include 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 community in Jacksonville, Florida.
During his tenure at Hines, Hazen also contributed to the firm’s Core Fund/REIT division, serving as CEO of Hines U.S. Core Office Fund and Hines Corporate Properties, roles that further cemented his experience managing core institutional real estate strategies.
Transwestern Investment Group manages more than $3.2 billion in assets and serves a broad range of investors through discretionary funds, separate accounts and corporate net-leased portfolios, leveraging an integrated operating platform to deliver investment and asset-management services.