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Three First National Plaza
Chicago, Illinois |
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| Hines role: Developer, owner, property manager. |
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| Hines REIT has an 18.56% effective ownership interest in this property; Hines Global REIT does not have an ownership interest in this property. |
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Hines: A global real estate leader for over 50 years
Hines is an international real estate organization with approximately 3,450 professionals located
in 65 U.S. cities and 16 foreign countries. Hines is the sponsor of the REIT securities offered by Hines Real Estate Investments, Inc.
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Benefits of local market knowledge
The Hines global
platform is built from the ground up based on Hines' philosophy that real estate is essentially a local business. Regional offices around the world operate as independent business units headed by an executive vice president who manages the day-to-day business of the region and participates in its financial results.
Having professionals living and working in most major markets where the firm invests allows Hines to:
- Closely monitor local markets, transactions and trends
- Build strong relationships with local tenants, brokers and real estate owners
- Identify potential investment opportunities, including off-market acquisitions
- Develop extensive international financial relationships which provide access to a broad base of buyers, sellers and debt financing sources
- Share knowledge of building technologies gained by Hines on projects developed or managed around the world
- Implement
international "institutional" best practices in areas such as operating partner transparency, accounting standards, construction techniques, property management and sustainability leadership
Central resources provide worldwide performance standards and consistency
Hines' central
resources in Houston include professionals who support the activities of Hines' global offices and
maintain performance standards and operating consistency worldwide.
Hines' experience
Acquisition and development from 1957 through December 31, 2009
- 895 projects globally representing approximately 283 million square feet (MSF)
Owned interests as of December 31, 2009
- 214 projects valued at $22.2 billion
Property management as of December 31, 2009
- 315 properties
- 121.9 MSF—equity ownership in 69.9 MSF; managed 52.0 MSF for third parties
Property leasing as of December 31, 2009
- Relationships with more than 3,500 national and multinational corporate tenants
Property dispositions from 1992 through December 31, 2009
- 163 U.S. dispositions representing 65.7 MSF valued at $14.0 billion
- 59 non-U.S. dispositions representing 17.7 MSF valued at approximately $4.9 billion
You should not assume that the
performance of Hines' previous programs will be
indicative of future results for any REIT securities that
we offer. All but one of Hines' previous programs and investments were conducted through privately held entities not subject to the up-front commissions, fees and expenses or all of the laws and regulations to which the REITs whose securities we offer are subject. Investors are not acquiring an interest in Hines. In addition, certain programs sponsored by Hines have experienced declines in the appraisal value of their assets and net asset values of their funds.
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