Hines Global REIT Replaces Director
Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has disclosed that Colin P. Shepherd has resigned as a director on the board of directors.
Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has disclosed that Colin P. Shepherd has resigned as a member of the board of directors, effective December 31, 2018.
Following Mr. Shepherd’s resignation, the board appointed Sherri W. Schugart, the president and chief executive officer of the company, to replace Mr. Shepherd as a director.
In addition to her role as president and CEO of Hines Global REIT, Ms. Schugart is the CEO of the Core Fund, REIT and BDC Group and currently serves as the president and CEO of Hines Real Estate Investment Trust, Hines Global REIT II, Hines U.S. Core Office Fund L.P., and HMS Income Fund, Inc. Additionally, she is a member of the firm’s executive and strategy committees.
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 third quarter of 2018, the company oversaw a multi-billion-dollar portfolio of 27 assets located in the U.S. and abroad, according to Summit Investment Research.
