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Hines Global REIT Declares Another Liquidating Distribution

Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has declared a liquidating distribution to the company’s stockholders of record at the close of business on November 30, 2018.

Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has declared a liquidating distribution of approximately $0.05 per share to the company’s stockholders of record at the close of business on November 30, 2018. The distributions will be paid in cash on December 3, 2018.

Hines Global shareholders approved the company’s plan of liquidation in July 2018.

This is the company’s second liquidating distribution in recent weeks. The DI Wire previously reported that shareholders of record at the close of business on September 28, 2018 received approximately $0.05 per share, paid on October 1st.

In April 2018, the REIT disclosed that initial shareholders can expect to receive total distributions between $15.62 to $16.62 per share, with total liquidating distributions in the range of $8.83 to $9.83 per share. Shares were originally sold for $10.00 each.

All liquidating distributions will be designated by the company as a return of a portion of the stockholders’ invested capital and, as such, will reduce the stockholders’ remaining investment.

Hines Global REIT launched in December 2008 and closed its offering in April 2014 after raising $2.7 billion in investor equity. As of the second quarter of 2018, the company oversaw a $3.4 billion portfolio of 33 assets located in the U.S. and abroad, according to Summit Investment Research.

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