September 02, 2014 3:42 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Hines Real Estate Investment Trust Inc.

Company Overview

Hines Real Estate Investment Trust, Inc., a real estate investment trust (REIT), engages in investing in and owning interests in real estate, primarily of office properties in the United States and Canada. As of December 31, 2007, the company owned interests in 39 office properties located in the United States; a mixed-use office and retail property in Toronto, Ontario; and an industrial property in Rio de Janeiro, Brazil. It also holds interests in a 64-story office building located in the Galleria/West Loop submarket of Houston, Texas; a 2.8 acre park and waterwall; and a 2.3-acre land parcel. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would ...

2800 Post Oak Boulevard

Suite 5000

Houston, TX 77056-6118

United States

Founded in 2003

Phone:

888-220-6121

Key Executives for Hines Real Estate Investment Trust Inc.

Chief Operating Officer
Age: 49
Chief Financial Officer and Secretary
Age: 43
Chairman
Age: 59
Executive Vice President of European Region of Hines REIT Properties L P - General Partner
Age: 66
Executive Vice President of Eurasia Region of Hines REIT Properties L P - General Partner
Compensation as of Fiscal Year 2014.

Hines Real Estate Investment Trust Inc. Key Developments

Hines Reportedly Eyeing Metropolis Property

Hines Real Estate Investment Trust Inc. is planning to acquire a property in Metropolis. According to the news report, Hines intends to purchase 82,000 square meters in Metropolis from Capital Partners and the deal is estimated to be worth $500 million. JLL shall handle the process. The news report added that the parties did comment.

Hines Real Estate Investment Trust, Inc Declares Dividend Payable in October 2014

The board of directors of Hines Real Estate Investment Trust Inc. has authorized the company to declare distributions for the month of August 2014. These distributions will be calculated based on shareholders of record each day during the month of August 2014 in an amount equal to $0.00073973 per share, per day and will be paid in October 2014 in cash or reinvested in stock for those participating in the company's dividend reinvestment plan.

Hines Real Estate And J.P. Morgan Reportedly Acquires 14-Acre Property

Hines Real Estate Investment Trust Inc. and J.P. Morgan Asset Management Inc. acquired a 67% stake in the 14-acre property for about $1.64 billion, according to real estate data provider CoStar Group Inc. JP Morgan, which owned a one-third stake in the property prior to the transaction, upped its interest to 50%. Hines, which sources said in March 2014 had enlisted the Hong Kong Monetary Authority as an equity partner, took the remainder.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 17, 2014
Hines REIT Airport Corporate Center, LLC and Hines REIT ACC II, LLC
Merger/Acquisition
May 13, 2014
Kronprinzbau Building in Stuttgart and Bahnhofsplatz 1 Building in Munich
Merger/Acquisition
May 9, 2014
625,700-square-foot Portfolio of Office/Warehouse Buildings in the Twin Cities
 

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