New Investment Entity to Continue Dual Strategy of Buying U.S. and International Office Properties
Hines Interests LP is going back to the U.S. stock markets to raise funds for new globally focused investment REIT.
Hines Global REIT II Inc. has filed registration paperwork to raise up to $2.5 billion to invest in a diversified portfolio of commercial real estate
properties and other real estate investments throughout the United States and internationally. This would be Hines third publicly offered REIT.
Share with Your Followers on Twitter
The new REIT will be structured similar to its predecessor, Hines Global REIT I, which was launched in August 2009 and has a $3.2 billion portfolio of 32 projects with 9.7 million square feet in 18 locations. Almost half of its holdings are the U.S., with the rest located in the United Kingdom, Poland, Russia and Australia. Its holdings include 15 office properties in the United States.
Hines Global I expects to consider a liquidity event sometime between 2017 and 2019 through the sales of assets, the portfolio, a merger, a listing or similar transaction.
Keep up weekly on national news, trends and property leads with the Watch List Newsletter,
a weekly pdf that includes other news and leads not found on the CoStar Group web news pages. Sign up for the Watch List E-Mail Alert
. A new issue is published Monday mornings.
J.L. Todd: Auction - Modern Office Building on 0.7 Acres.