Houston-based Hines has launched a multifamily property management firm named after late founder Gerald D. Hines’ first apartment building, the Willowick, a 1960s high-rise near River Oaks.
This artist’s rendering shows the exterior of The Preston, a 46-story residential tower being developed by Hines in the 700 block of Prairie Street in downtown Houston on the site of what was once an employee parking garage of the Houston Chronicle.
The new company, Willowick Residential, has taken over management of nine Hines apartment buildings across the United States, including Venue Museum District and Tinsley on the Park in Houston.
The company transitioned its first building into Willowick Residential in late 2019 and fully launched the company earlier this year.
“We did it for all the reasons an owner-manager would want to do it. We feel we can elevate the experience of our residents,” said Lisa Newton, Hines