With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.These forward-looking statements include, among others, statements about the expected benefits of the plan of liquidation and dissolution, including the West Coast Asset Sale, the estimated range of distributions, the expected timing and completion of the plan of liquidation and dissolution, including the West Coast Asset Sale, and the future business, performance and opportunities of the Company.The Eastdil Secured group of Wells Fargo Securities, LLC acted as financial advisor to Hines REIT on this transaction and Robert A. provided certain financial advisory services to the board of directors in connection with the transaction.For additional information, please see our 8-K filing dated June 30, 2016 at .Historically, Hines has developed, redeveloped or acquired 1,126 properties, totaling over 351 million square feet.The firm’s current property and asset management portfolio includes 457 properties, representing over 193 million square feet.About Hines REITHines REIT is a public, non-listed real estate investment trust sponsored by Hines.Hines REIT was formed in August 2003 for the purpose of investing in and owning interests in real estate.
Additional Information: This press release is being made in respect of the proposed plan of liquidation and dissolution, including the West Coast Asset Sale.
The proposed plan of liquidation and dissolution, including the West Coast Asset Sale, will be submitted to the stockholders of the Company for their consideration.
In connection with the proposed plan of liquidation and dissolution, including the West Coast Asset Sale, the Company will file a proxy statement with the SEC.
(HOUSTON) - Hines Real Estate Investment Trust, Inc.
(“Hines REIT" or the “Company”), one of three public non-listed REITs sponsored by Hines, announced today that its board of directors unanimously voted to approve a plan for liquidation and dissolution of the Company.