Terms of use

Welcome to www.hinesrei.com
This web site is owned and operated by Hines Securities, Inc. You may use www.hines.com/hinesrei.com only if you agree, without modification, to these terms and conditions (these "Terms"). Please read the Terms carefully before continuing. By using this web site you signify acceptance of our Terms. The terms "HinesREI web site" and this "web site" mean the web site having a Uniform Resource Locator (or URL) of www.hinesrei.com. Hines Securities, Inc. reserves the right to update these terms at any time without notice to you. You may use your browser to download or print a copy of these Terms for your records.

These Terms were last updated in December 2011.

Securities Law and Offerings

Please consult your tax and/or your financial advisor for more information on how investment products of the type offered by Hines Securities, Inc. may pertain to your particular investment strategy. Investments in real estate investment trusts are subject to substantial risks. These risks include the following:

• distributions are uncertain, a return on your investment is not guaranteed and you may lose money;
• a REIT may pay distributions from sources other than cash flow from operations, such as cash advances by its Advisor, cash resulting from a waiver of deferral fees, borrowings and/or offering proceeds, which will reduce the funds available for acquisitions and reduce your overall return;
• there is no assurance that a REIT will achieve its investment objectives;
• there is no public market for the REIT securities we offer, and these securities lack liquidity;
• the REITs have not identified any specific investments to make with the proceeds from their current offerings;
• the REITs are subject to 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 a REIT operates could adversely affect your investment and REITs that invest internationally are subject to additional international risks.

For more information about REITs offered by Hines Securities, Inc., including investment policies, charges, and expenses, ask your financial advisor for a free prospectus, view or download a prospectus for Hines Global REIT or call toll free at 888.220.6121. Please read any such prospectus carefully before you invest or send money. There can be no assurance that the objectives of any REIT offered by Hines Securities, Inc. will be achieved. There is no guarantee that past performance will be the same as future results.

An investment in a REIT is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

1. No Investment Advice or Recommendations

This web site and its content are provided as a public service to customers and are for informational and educational purposes only. None of the information provided through this web site constitutes investment advice, and the views expressed should not be taken as advice to buy or sell any security.

Decisions based on information provided through this web site are your sole responsibility and are made at your own risk.
Nothing on this web site shall be considered a solicitation or offer to buy or sell any security, or to offer or provide any investment, tax, financial or legal advice or service to any person in any jurisdiction. Any overviews provided through this web site are intended to be general in nature. While intended to be helpful, these overviews are no substitute for professional tax, financial or legal advice or more detailed information in the prospectuses of both Hines REIT and Hines Global REIT. Potential investors should seek such professional advice for their particular situation before investing in any REIT.

If you wish to obtain further details about any information contained on this web site, please contact us.

2. Jurisdictional Issues and Applicable Law

Unless otherwise specified, Hines Securities controls and operates this web site from its offices within the State of Texas, United States of America. The services and products available for individual investors and information provided through this web site about those services and products are directed to and are intended to be made available only to persons in the United States and are not intended for distribution to, or use by, any person in any other country or any jurisdiction where such distribution or use would be contrary to applicable laws or regulations or that would subject Hines Securities or any of its affiliated persons to any registration requirement within such jurisdiction or country. Persons who access this site do so on their own initiative, and are responsible for compliance with applicable local laws and/or regulations.

The laws of the State of Texas and applicable U.S. federal law shall govern these Terms. If you take legal action relating to these Terms, you agree to file such action only in state court in Harris County, Texas, or federal court within the Southern District of Texas, and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.

3. Modification of Web Site

Hines Securities reserves the right, at our discretion, to change these Terms and the contents of this web site at any time and without notice. We suggest that you review these Terms periodically for changes. The Terms can be accessed from links on the home page and other pages of www.hines.com/rei. If you use this web site after we post changes to these Terms, you accept the changed terms. If you have an account with us, your customer relationship is governed by other agreements.

4. Monitoring of Web Site

Hines Securities expressly reserves the right to monitor any and all use of this web site. Hines Securities is under no obligation to do so and assumes no responsibility or liability arising from the use of this web site.

5. Copyrights and Restrictions on Use of Materials

Hines Securities owns and operates this web site. All information and materials contained on the Hines Securities web site are subject to copyright and/or trademark protection laws. All content and tools on this web site are owned with permission by Hines Securities. The names of actual products or companies or other content indentified with other persons are the property of their respective owners. All rights not expressly granted herein are reserved

6. Copyright Agent

Hines Securities respects the intellectual property rights of others, and we ask all those that access www.hinesrei.com to do the same. Pursuant to Title 17, United States Code, Section 512(c)(2) of the Copyright Revision Act, as enacted through the Digital Millennium Copyright Act, Hines Securities designates an agent as described below, to receive notifications of claimed infringement. If you reasonably believe that your work has been copied in a way that constitutes copyright infringement, please provide Hines Securities' Copyright Agent with the following information:

• an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest;
• a description of the copyrighted work that you claim has been infringed;
• a description of where the material that you claim is infringing is located on the site;
• your address, telephone number, and e-mail address;
• a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
• a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf.

Hines Securities' Copyright Agent for notice of claims of copyright infringement on its site is Susan Dudley who can be reached as follows:

By mail: c/o Susan Dudley
By phone: 713-966-5319
By fax: 713-966-2661
By e-mail: susan.dudley@hines.com
All inquiries not relevant to this procedure will not receive a response.

7. Restrictions

This web site is for you personal and non-commercial use. Users and other web sites may not:

• Copy, reproduce, republish, upload, post, transmit, display, perform, publish, license, create derivative works from, transfer, sell or distribute in any way material from this web site in any manner inconsistent with the purposes for which it is offered by Hines Securities to its customers, prospective customers or members of the general public.
• Without express written permission of Hines Securities, copy, modify, or display the Hines name or logo, or any text, graphic images, or other content from the Hines Securities web site. (To obtain express written permission, contact us.)
• Redeliver any of the pages, text, images, or other content of www.hines.com/rei using "framing" technology without the express written permission of Hines Securities.
• Use devices (including software) that are designed to provide repeated automated access to the Hines Securities web site.
• Include "Hines," "Hines Securities," "Hines REIT," "Hines Global REIT," any other Hines trademark, the name of any Hines personnel, or any variation of any of the foregoing, as a metatag, hidden textual element, or any other indicator that may create a false or misleading impression of affiliation, sponsorship, or endorsement between any user and/or site and Hines and/or Hines Securities, and/or Hines REIT, and/or Hines Global REIT.
• Collect or store personal data about other users of this web site.
• Upload, e-mail or otherwise transmit any material that contains viruses or any other computer code, files or programs that might interrupt, limit or interfere with the functionality of any computer software or hardware of file communications equipment that is owned, leased or used by Hines Securities.
• Create a link to www.hines.com/rei unless the user or the operator of the other web site has executed Hines Securities' standard agreement for the granting of permission to establish such a link. You may contact us to request a copy of Hines Securities' Hyperlink/Trademark Agreement.

8. Privacy and Security

For information on how Hines Securities uses and protects the personal information you may provide on this web site, please read the Privacy policy. You may not use this web site to collect or harvest personal information about other persons or otherwise use the web site in a manner that is inconsistent with their privacy or personal data protection rights or our Privacy policy.

9. Links to Third Party Sites

The links in this area will let you leave Hines Securities' site. The linked sites are not under the control of Hines Securities or its affiliates and such persons are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. Hines Securities is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by Hines Securities of the site or its content.

10. Contents of the Web Site - Disclaimer

THE MATERIALS IN THIS WEB SITE (INCLUDING ANY GRAPHICS) AND ANY MATERIALS MADE AVAILABLE THROUGH THIS WEB SITE ARE SUBJECT TO APPLICABLE STATUTES AND REGULATIONS, AND ARE PROVIDED "AS IS" AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, HINES REAL ESTATE INVESTMENTS DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. HINES REAL ESTATE SECURITIES DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE MATERIALS IN THIS WEB SITE IN TERMS OF THEIR CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE. THE MATERIALS IN THIS WEB SITE COULD INCLUDE TECHNICAL INACCURACIES OR TYPOGRAPHICAL ERRORS.

CERTAIN LINKS IN THIS WEB SITE MAY LINK YOU TO OTHER SITES ON THE WORLD WIDE WEB. THE LINKED SITES ARE NOT UNDER THE CONTROL OF HINES REAL ESTATE INVESTMENTS AND HINES REAL ESTATE INVESTMENTS IS NOT RESPONSIBLE FOR THE CONTENTS OF ANY LINKED SITE OR ANY LINK CONTAINED IN A LINKED SITE, OR ANY CHANGES OR UPDATES TO SUCH SITES. HINES REAL ESTATE INVESTMENTS IS NOT RESPONSIBLE FOR WEBCASTING OR ANY OTHER FORM OF TRANSMISSION RECEIVED FROM ANY LINKED SITE. HINES REAL ESTATE INVESTMENTS IS PROVIDING THESE LINKS TO YOU ONLY AS A CONVENIENCE, AND THE INCLUSION OF ANY LINK DOES NOT IMPLY A REFERRAL BY HINES REAL ESTATE INVESTMENTS TO, OR AN ENDORSEMENT BY HINES REAL ESTATE INVESTMENTS OF, THE LINKED SITE.

11. Operation of the Web Site - Disclaimer

HINES SECURITIES ENDEAVORS TO MAINTAIN THIS WEB SITE AND ITS OPERATION, BUT IS NOT AND CANNOT BE, RESPONSIBLE FOR THE RESULTSOF ANY DEFECTS THAT MAY EXIST IN THE WEB SITE OR ITS OPEARTION. AS TO THE OPERATION OF THE WEB SITE, HINES REAL ESTATE INVESTMENTS AND ITS AFFILIATES EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, ALL WARRANTIES OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT AND FITNESS OR SUITABILITY FOR ANY PURPOSE, WHETHER EXPRESS, IMPLIED OR STATUTORY. WIHTOUT LIMITING THE GERNERALITY OF THE FOREGOING, HINES REAL ESTATE INVESTMENTS AND ITS AFFILIATES MAKE NO WARRANTY THAT: (i) THE OPERATION OF THE WEB SITE WILL MEET THE USER'S REQUIREMENTS; (ii) ACCESS TO THE WEB SITE WILL BE UNINTERRUPTED, TIMELY, SECURE, FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR FREE OF ERRORS; (iii) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE WEB SITE WILL BE ACCURATE OR RELIABLE; OR (iv) DEFECTS WILL BE CORRECTED. YOU (AND NOT HINES REAL ESTATE INVESTMENTS) ASSUME THE ENTIRE COST OF ALL SERVICING, REPAIR, OR CORRECTION THAT MAY BE NECESSARY FOR YOUR COMPUTER EQUIPMENT AND SOFTWARE AS A RESULT OF ANY VIRUSES, ERRORS OR OTHER PROBLEMS YOU MAY HAVE AS A RESULT OF VISITING THIS WEB SITE.

12. Limitation of Liability

IN NO EVENT SHALL HINES REAL ESTATE INVESTMENTS OR ITS AFFILIATES BE LIABLE FOR ANY DAMAGES OR INJURY OR LOSS, INCLUDING ANY DIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, THAT MAY RESULT FROM THE USE OF, OR THE INABILITY TO USE, THE MATERIALS IN THIS SITE, OR THE LOSS OF DATA OR PROFITS, WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF INFORMATION AVAILABLE IN THE WEB SITE. HINES REAL ESTATE INVESTMENTS SHALL NOT BE LIABLE EVEN IF HINES SECURITIES OR A HINES SECURITIES AUTHORIZED REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THESE INCLUDE BUT ARE NOT LIMITED TO DAMAGES OR INJURY CAUSED BY ERROR, OMISSION, INTERRUPTION, DEFECT, FAILURE OF PERFORMANCE, DELAY IN OPERATION OR TRANSMISSION, LINE FAILURE OR COMPUTER VIRUS OR OTHER HARMFUL COMPONENT.

13. Limitations as to Paragraphs 10, 11 and 12

APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. HOWEVER, IN NO EVENT SHALL HINES SECURITIES TOTAL LIABILITY TO YOU FOR DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE), OR OTHERWISE) EXCEED THE AMOUNT PAID BY YOU, IF ANY, FOR ACCESSING THIS SITE.

RISK FACTORS

Real estate investment trust (REIT) securities are offered through Hines Securities, Inc., member FINRA/SIPC. There are significant risks associated with an investment in REIT securities, including but not limited to:

• a REIT may have no prior operating history or established financing sources;
  distributions are uncertain, a return on your investment is not guaranteed and you may lose money;
• a REIT may pay distributions from sources other than cash flow from operations, such as cash advances by its Advisor, cash resulting from a waiver of deferral fees, borrowings and/or offering proceeds, which will reduce the funds available for acquisitions and reduce your overall return;
• there is no assurance that a REIT will achieve its investment objectives;
• there is no public market for the REIT securities we offer, and these securities lack liquidity;
• the REITs have only identified a few specific investments to make with the proceeds from their current offerings;
• the REITs are subject to substantial conflicts of interest, 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 a REIT operates could adversely affect your investment and
• REITs that invest internationally are subject to additional international risks.

This material is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the applicable prospectus. For those considering an investment in any of the REIT securities we offer, these materials must be read in conjunction with the applicable prospectus in order to fully understand all the implications and risks of the respective offering of the securities to which it relates. This investment is not suitable for all investors. Please refer to the applicable prospectus for the particular suitability standards in your state.

Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has passed on or endorsed the merits of any offering being offered by Hines Securities, Inc. Any representation to the contrary is unlawful.

Not FDIC insured. May lose value. No bank guarantee.

© 2010-2011 Hines Securities, Inc. All rights reserved. Hines and the Hines logo are registered trademarks of Hines Interests Limited Partnership. Hines Securities, Inc. Member FINRA/SIPC