Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday.

New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.

Hines announced on Wednesday that it had promoted two of its employees to act as CEO of regions across North and South America.

The new leaders will oversee activity for the developer and management firm, which oversees a portfolio of over $92 billion in real estate assets.

Steve Luthman | CEO of Hines Midwest

Steve Luthman was promoted from senior managing director to CEO of the company’s Midwest, Southeast and Canada regions.

Syl Apps was promoted from senior managing director to CEO of the South America region. 

“Steve and Syl have each made significant impacts on the firm during their careers and have demonstrated invaluable skills that drive our teams, projects, and operations forward,” Jeff Hines, co-CEO of Hines, said in a statement. “We are confident that our business will continue to accelerate and thrive under Steve and Syl’s leadership.”

As regional CEOs, Luthman and Apps will be responsible for overseeing all development, acquisition, property management and operations in their territories.

The company said Luthman is responsible for spearheading development of Hines’ mass timber product that’s now used in 26 projects totaling 5 million square feet.

“Together with our strong teams across the regions, we’re focused on investing in new product line expansion to further distinguish our mixed-use offering and leading the continued convergence of product types, all of which is underpinned by our dedication to ESG principles,” Luthman said in a statement.

Syl Apps | CEO of Hines South America

In addition to acting as CEO for South America, Apps will continue leading Hines’ investment business in Canada. He has acted as an investment partner for Hines Brazil since 2018, the company said.

“As Hines celebrates its 25th anniversary in Brazil this year, it’s an opportune time to continue to build on the platform by integrating our deep local market presence with our global expertise,” Apps said. “I’m excited to explore growth across South America while building upon our success in Brazil. Our focus will be on diversifying our investor base to capitalize on existing projects and aligning with Brazil’s leadership on ESG in our march to net zero across our portfolio by 2040.”

Email Taylor Anderson

Get Inman’s Property Portfolio Newsletter delivered right to your inbox. A weekly roundup of news that real estate investors need to stay on top, delivered every Tuesday. Click here to subscribe.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×