Arizona and Colorado are among the top multifamily target markets on the West Coast. Hines is now expanding its multifamily business in the two markets, and has tasked Robert Trujillo, who was recently hired as a managing director, to expand in the markets. Hines already has a presence in these markets, but the recent growth in these markets and improving fundamentals has encourages the investor to grow its presence in the markets.

“Hines has played an important role in the development of cities across the United States and around the globe, and Phoenix and Denver are two cities where Hines' iconic office buildings are visible,” Trujillo tells GlobeSt.com. “It is Hines' strong presence and long history in these cities that has given us a deep understanding of the real estate fundamentals that drive local growth whether in commercial or residential development. Hines believes multifamily demand continues to be strong in Phoenix and Denver given the consistent high-quality job growth and population growth we're experiencing as these cities mature as 24-hour urban centers.  Our objective is to build multifamily properties that mirror the quality and sustainability Hines has accomplished with office development in these markets.”