Senior managing director and chief risk officer, Hines
Owens, who earned a Bachelor of Science in Building Construction degree at Texas A&M, has managed the development of more than seven million square feet of office and retail space valued at approximately $1.5 billion for Hines, a Houston-based developer.
“He seeks the highest levels of design excellence for each of Hines’ signature projects while meeting strict construction schedules and stays within the financial guidelines for those projects,” said Wayne Shull, principal of Kendall/Heaton Associates Inc., a Houston architecture and planning firm, who collaborated with Owens when he was a project officer overseeing building construction, financing, leasing and operating.
In 1996, Owens began concentrating on the firm’s finances as a senior vice president and a member of Hines’ investment committee, using his experience in fund management, asset and portfolio management and project acquisition and disposition.
As a co-manager of Hines’ U.S. Office Development Fund, he helped to produce a 119-percent return to investors after planning, building, leasing and selling a three-building project.
In a venture with Morgan Stanley, Owens helped provide investors with a 56-percent return after purchasing and selling a 15-building office complex.
After his promotion to his current position in 2012, Owens oversaw the creation of a new Hines general contracting operation for its Texas, Georgia, Florida and Colorado projects, assumed veto authority on all Hines investments and developments and gained membership in Hines’ executive committee, which manages the firm’s operations.
A strong supporter of Texas A&M’s Department of Construction Science for many years, Owens has raised more than $500,000 for the renovation of Francis Hall, the department’s future home.
He also has a commitment to improve living conditions throughout the globe.
As a certified water well repair technician, Owens travels to Central America every two years to repair or drill water wells. He also traveled to southern Sudan in 2005 to repair water wells and deliver medical and school supplies.