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[IMGCAP(1)]HOUSTON-Charles N. Hazen has been appointed CEO of Hines REIT Inc. The appointment comes less than a month after Hines senior executive Charles M. Baughn and Paul B. Murphy Jr. of Amegy Bank were elected to the REIT’s board of directors.

Hazen, joining Hines in 1989, has participated in office and retail property investments in the US and abroad totaling $9 billion. He also is a senior vice president of Hines and president of its US Core Office Fund, a $5.4-billion fund geared toward core-quality office assets. Hazen replaces Baughn as CEO.

Baughn, who joined Hines in 1984, is executive vice president and CEO of the capital markets group of Hines Interests LP. The partnership raises, places and manages equity and debt for Hines’ projects. [IMGCAP(2)]During his tenure with Hines, Baughn has contributed to the development or redevelopment of more than nine million sf of office and special-use facilities in the Southwest US.

Murphy is CEO of Houston-based Amegy Bank of Texas. He joined Amegy in 1990 as an executive vice president. Amegy has more than $11 billion in assets, employs close to 1,900 and has more than 85 banking centers in the Houston, Dallas and San Antonio metropolitan areas.

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