Important Risk Considerations

You should read the prospectus carefully for a description of the risks associated with an investment in real estate and in Hines Global REIT, such as:

• distributions are uncertain, a return on your investment is not guaranteed and you may lose money;
• we have paid, and may continue to pay, distributions from sources other than our cash flow from operations, such as cash advances by our Advisor, cash resulting from a waiver or deferral of fees, borrowings and/or offering proceeds, which will reduce the funds available for acquisitions and may reduce your overall return;
• there is no assurance we will achieve our investment objectives;
• there is no public market for our securities, and our securities have limited liquidity;
• we have made only a few specific investments with the proceeds from this offering;
• there are substantial conflicts of interests, including the payment of substantial fees to Hines Interests Limited Partnership (Hines) and its affiliates;
• past performance is not an indication of future results;
• unfavorable economic conditions in the markets in which we operate could adversely affect your investment and
• our international investments are subject to additional risks.

International real estate investing risks include the burden of complying with a wide variety of foreign laws and the uncertainty of such laws; the tax treatment of transaction structures; political and economic instability; foreign currency fluctuations; and inflation and governmental measures to curb inflation that may adversely affect our operations and our ability to make distributions.

This investment is not suitable for all investors. Please refer to the prospectus for the particular suitability standards in your state.

This material contains forward-looking statements (such as those concerning expected annual rent, population growth, plans and objectives for future operations or economic performance, or related assumptions or forecasts) that are based on our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties, including without limitation, those in the “Risk Factors” section of the prospectus and in this sales material. Any of these statements could be inaccurate, and actual events or our investments and results of operations could differ materially from  those expressed or implied. You are cautioned not to place undue reliance on any forward-looking statements.