The trusts primary purpose is to liquidate assets transferred to it and distribute the sales proceeds to equity holders after paying any remaining liabilities. Click here to visit The DI Wire directory page. Invitation Homes Nears a Deal for 2,000 Starwood Rentals, Blackstone Sells Nearly 14M SF of Industrial Properties for $3.1B, Overmoon Hires Jen Ricci as Head of Retail Capital Markets, Caliber Expands its Internal Wholesale Team as the Firm Accelerates its Capital Markets Initiatives, Owl Rock Capital Corporation Announces Upcoming Name and Ticker Change to Blue Owl Capital Corporation. 352 264 337 1, Torre del AngelReforma 350Mexico D.F. 0 : parseInt(e.thumbhide); .dropdown-toggle::after{ To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. 713 966 7676, Erica Campbell @media (max-width: 767px) { 353 1 7999900, Via Broletto 35Milan 20121 Designed to address the needs of today's investors, our offerings are available to qualified individual investors through participating financial professionals. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. esgSubNav, Discover more about S&P Globals offerings. padding: 10px !important; Note: We do not offer technical support for developing or debugging scripted downloading processes. The definitive proxy statement will be sent or made available to the Companys shareholders and will contain information about the proposals to be voted on by the Companys shareholders at the annual meeting, including information relating to the proposed Plan. border-top: 2px solid #163a64; 1001 and 1030). At the annual meeting of stockholders held on July 17, 2018, stockholders of Hines Global REIT, Inc. ("the Company") voted to approve the Company's proposed plan of liquidation and dissolution pursuant to which the Company will sell all or substantially all of their assets and be dissolved. padding-left: 0; margin-bottom: 4px; Invested In Hines Global REIT (HGR Liquidating Trust)? None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. padding-left: 30px; display: none; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT CAREFULLY AND IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS OR MATERIALS FILED OR TO BE FILED WITH THE SEC OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PLAN AND THE OTHER PROPOSALS TO BE VOTED ON BY THE SHAREHOLDERS AT THE ANNUAL MEETING. China .ewd-ufaq-faqs .printfriendly{ For more than 25 years CMG has specialized in providing liquidity options for shareholders of non-traded REITs, limited partnerships and other securities with limited or non-existent trading. How are you measuring your sustainability progress? Hines Global REIT formed HGR Liquidating Trust to complete its plan of liquidation approved by stockholders in July 2018. Tenure Over $ 10 billion raised since inception in 2004 The Alloy | College Park, Maryland Access Hines-sponsored investment opportunities. } catch(e){ The fair market value as of June 30, 2020 will be the tax basis in each Unit. HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has declared a final special distribution to investors of approximately $0.03 per unit to unitholders of record as of Oct. 18, 2022. } This press release does not constitute a solicitation of any vote or proxy from any shareholder of the Company. } latest-news-headlines 845 Texas AvenueSuite 3300Houston, TX 77002. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Hines Global REIT Shareholders Approve Liquidation. } The White Law Group continues to investigate potential claims involving Hines Global REIT and the liability that brokerage firms may have for unsuitably recommending the high-risk non-traded REIT to investors.. On October 1, 2018 Mackenzie Realty Capital extended a tender offer to purchase shares of Hines Global REIT for $6.15 per share. } .site-header { Historically, Hines has developed, redeveloped or acquired 1,295 properties, totalling over 422 million square feet. BlueVault saves a lot of time and effort in obtaining good numbers for analysis and provides good insights to compare against my own. Hines REIT Announces Liquidation Plan - Hines PDF HGR Liquidating Trust - Frequently Asked Questions Italy 8610 8453 8855, 66 Avenue Charles de GaulleNeuilly-sur-Seine, IDF 92522 } /*font-weight: bold;*/ }, Home > News Article > Hines Global REIT Finalizes Liquidation. GLOBAL VENTURES SP Z O O Company Profile - Dun & Bradstreet In addition to the $8.85 of special distributions, the REIT paid $5.64 of regular operating distributions since inception, for a combined total of $14.49. 0 : parseInt(e.thumbh); gtag('js', new Date()); color: #15426f !important; .ewd-ufaq-faqs{ Creating new competitive advantage and superior business outcomes. Data Supercharged: Structuring and Enriching Your Way to Actionable Insights, Environmental Impact: Lowering the Carbon Footprint of a Portfolio. Hines Global REIT declares December liquidating distribution 0 : parseInt(e.tabhide); Panama Industry: Employment Services , Services to Buildings and Dwellings , Architectural, Engineering, and Related Services , Office Administrative Services , Printing and Related Support Activities See All Industries, Lessors of Real Estate , Employment agencies, Help supply services, Building and office cleaning services, Building maintenance services, nec, Building component cleaning service . document.getElementById(e.c).height = newh+"px"; According to the letter, the board of trustees has determined a NAV per unit of $5.58 as of June 30, 2020, following the completion of third-party valuations of the Trust's seven remaining assets. Formerly Hines Global REIT, Inc. (HGR) 1. 507 028 20 7375, Wola Center33 Przyokopowa StreetWarsaw 01-208 416 595 1949, Suite 333, Hyundai Motor Tower38 Xiaoyun Road, Chaoyang DistrictBeijing, PRC 100027 The DI Wire is the definitive news source for the illiquid alternative investment industry. Hines Global REIT launched its offering in December 2008 and raised $2.7 billion in investor equity before closing in April 2014. 1 713 621 8000 Canada } Following payment of the final special distribution, they will have paid aggregate distributions totaling $15.14 per unit to holders who have been invested since the inception of Hines Global REIT, Inc. HGR was launched in August 2009 and, at its peak, owned interests in 45 properties and other real estate-related investments internationally. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } Hines Securities Home | Hines Securities, Inc. When available, the definitive proxy statement and other relevant documents also may be obtained free of charge at the Companys website, http://www.hinessecurities.com, or by directing a written request to Hines Global REIT, Inc. at 2800 Post Oak Boulevard, Suite 5000, Houston, Texas 77056-6118, Attention: Ryan T. Sims, Chief Financial Officer and Secretary. Hines Global REIT was formed in December 2008 to invest in and own interests in a diversified portfolio of quality commercial real estate properties and other real estate investments in the United States and internationally. In addition to the $9.47 of special distributions, the company paid $5.64 of regular operating distributions since inception, for a combined total of $15.11. ix = 0, HGR Liquidating Trust Formerly Hines Global REIT , Inc. Hines Global REIT, Inc. ( HGR) was a non-listed real estate investment trust ( REIT) that owned and managed a diversified real estate portfolio in domestic and international markets. Contact Hines, 5 Welbeck St.London W1G 9YQ Subject to board authorization and timely completion of its pending property sales, the company expects to make another liquidating distribution on or around Feb. 15, 2019. Hines Global REIT originally purchased the 380,300-square-foot shopping mall in 2012 for $127 million. The nontraded diversified real estate investment trust will pay the distribution Jan. 2, 2019, to stockholders of record at the close of business Dec. 31. 1 713 237 5600, 101 California StreetSuite 1000San Francisco, CA 94111 content Recently, you received communication from Hines regarding your REIT. Performance | Hines Global Income Trust #menu-item-1271 { United States var pw = document.getElementById(e.c).parentNode.offsetWidth, Additional information regarding the direct and indirect interests of the Companys directors and executive officers in the Plan is included in the Companys preliminary proxy statement and will be included in the Companys definitive proxy statement when it becomes available. 0 : e.tabh; if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); March 18, 2022 color: #f79320; sl; text-transform: capitalize !important; The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. } (HOUSTON) - Hines, the international real estate firm, announced today that the Board of Directors of Hines Global REIT, Inc. ("Hines Global REIT" or "the Company") has established a new estimated net asset value ("NAV") per share of $10.241 as of December 31, 2015, a net increase of approximately 8.5% over its last valuation of $9.44 per share . } } img#wpstats{display:none} 1 415 982 6200, One Horizon Center12th FloorGurgaon 122002 RECENT ACTIVITIES Since we determined our new estimated net asset value ("NAV") of $2.09 per unit in March 2021, we have been hard at work with our continued marketing and disposition efforts. Hines Global REIT Inc., which recently completed its liquidation by transferring its entire assets and liabilities to the newly created HGR Liquidating Trust, said HGR declared a special distribution of $1.00 per trust unit. Hines Global REIT formed a liquidating trust, called HGR Liquidating Trust ("Trust") to facilitate the completion of its Plan of Liquidation approved by its stockholders on July 17, 2018. Although the Company has provided an estimated range of distributions, there can be no assurances as to the amount or timing of any distributions to the Companys shareholders. Assuming the approval of the Plan by shareholders, the Company currently expects that initial shareholders will have received aggregate distributions totaling $15.62-16.62 per share upon successful execution of the Plan. Hines Global REIT Inc., which is in the process of liquidating, declared a cash December liquidating distribution of approximately 5.42 cents per common share. } #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; Brazil Hines Global REIT formed HGR Liquidating Trust to complete its plan of liquidation approved by stockholders in July 2018. The trusts final property, Minneapolis Retail Center was sold in March 2022 for $150.0 million, excluding closing costs and prorations. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. 55 11 5504 7600, 81 Bay StreetSuite 3500Toronto, ON M5J 0E7 } LIQUIDATING HINES GLOBAL REIT When the Plan of Liquidation (the "Plan") was approved by our stockholders in July 2018, we owned 33 properties, in seven countries, valued at over $4.3 billion. } Hines Global REIT Liquidating Trust Declares Special Distribution width: 70px; 0 : parseInt(e.mh,0); HORIZONT GLOBAL SP Z O O Company Profile - Dun & Bradstreet Hines Global REIT Inc. completed its liquidation by transferring its entire assets and liabilities to the newly created HGR Liquidating Trust in exchange for units of beneficial interest in the Maryland statutory trust equal to the number of its outstanding common shares June 30. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. }; /marketintelligence/en/news-insights/trending/afdP4PsxUHlZXTn7BqlvkQ2 margin-right: 5px; Each of these assets were in various phases of the marketing process as part of the Plan of Liquidation and Dissolution (Plan of Liquidation) adopted by HGRs stockholders in July 2018, but given current events related to the Coronavirus (COVID-19) pandemic, the sales of those assets has been delayed. .tribe-events-single-event-title{ Hines Global REIT disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information or developments, future events or otherwise. HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has declared a final special distribution to investors. 1 312 419 4900, T3 West Midtown383 17th Street NW, Suite 100Atlanta, GA 30363 Hines Global REIT formed HGR Liquidating Trust to complete its plan of liquidation approved by stockholders on July 17, 2018. sl = nl[0]; else{ } Hines Global REIT Liquidation - Cornerstone Financial font-size: 15px; Find company research, competitor information, contact details & financial data for GLOBAL VENTURES SP Z O O of Wrocaw, dolnolskie. The DI Wire is the definitive news source for the illiquid alternative investment industry. The company distributed the units pro rata to its shareholders such that one unit was distributed per common share, with the shareholders effectively becoming unit holders and beneficiaries of the trust. Hines Global REIT Liquidating Trust Declares Special Distribution According to SEC filings last month, the Board has authorized Hines Global REIT to declare a liquidating distribution on the Company's common stock, in an amount per share equal to $0.0541667, to the Company's stockholders of record at the close of business on December 31, 2018. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; padding: 15px !important; margin-top: 25px; Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has declared an $0.80 per unit special distribution to unitholders of record at the close of business on September 29, 2021. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. United States In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. 82 2 6952 5203. Hines Global REIT Inc. completed its liquidation by transferring its entire assets and liabilities to the newly created HGR Liquidating Trust in exchange for units of beneficial interest in the Maryland statutory trust equal to the number of its outstanding common shares June 30. #primary-menu .nav-link:hover, for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Hines Global REIT raised $3.1B in equity through April 2018. 1 This return is based on a shareholder who invested on November 1, 2009 and elected to receive cash distributions. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. function setREVStartSize(e){ The firm has 108 developments currently underway around the world. .et_pb_text_inner h1{ window.RSIH = window.RSIH===undefined ? Hines Global REIT'S Board Approves Plan of Liquidation for (var i in e.rl) nl[i] = e.rl[i]Hines Global REIT finalizes liquidation | S&P Global Market Intelligence Learn More Pause Video An intelligent, income-focused investment offering. Information regarding the Companys directors and executive officers is included in the Companys preliminary proxy statement, will be included in the Companys definitive proxy statement, and is included in the Companys Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on March 30, 2018, each of which can be obtained free of charge from the sources indicated above. Insight Weekly: Recession stokes EU debt worries; banks' sticky deposit problem; retail sales up, Supplier Financial Health Management: What You Need To Know. The offering price for Hines Global REIT at the inception was $10.00 per share/unit. For more information, please see the SECs Web Site Privacy and Security Policy. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. background-size: 1600px auto; 1 Quality Investing in institutional-caliber assets Strategic A diversified mix of property types and locations 2 Global Capitalizing on real estate opportunities around the world 3 Backed by Hines
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