2021-09-23: EX-99.1: Distributions per. HGR Liquidating Trust (formerly Hines Global REIT) sold two Luxembourg companies owning the 17-storey office building at 25 Cabot Square in Canary Wharf, London E14 to Link Real Estate Investment Trust for £380 million. According to their website, Hines is the sponsor of REIT and BDC investment products sold through its broker/dealer affiliate, Hines Securities. Sale marks major step in execution of shareholder-approved liquidation plan (HOUSTON) - Hines Real Estate Investment Trust, Inc. ("Hines REIT") announced today it has completed the sale of seven West Coast office assets to a Blackstone affiliate for $1.162 billion. HGR Liquidating Trust is a United States-based real estate investment trust (REIT) headquartered in Texas. January 11, 2022. . As disclosed when Hines REIT first announced the Plan, the REIT expected to pay aggregate liquidating distributions to its stockholders pursuant to the Plan in the range of $6.35 - $6.65 per share. Hello, I have a Grantor Trust Tax Information Letter from HGR Liquidating Trust which is a liquidating trust for Hines Global REIT, Inc. We are writing to give you an update on the progress toward the liquidation of HGR Liquidating Trust (the "Trust"), formerly Hines Global REIT, Inc. 1 Los Angeles—Hines REIT takes a big step forward in its dissolution and liquidation plan with the closing of the sale of a 3 million-square-foot office portfolio to an affiliate of Blackstone, just months after announcing the deal.The group of seven West Coast properties fetched nearly $1.2 billion. Hines Global Income Trust Acquires Center Place. I know that this is a lot to ask but there seem to be a number of people having trouble with this. Courtesy of Hines Global REIT. CDL-sponsored IREIT Global has teamed up with Paris-based Tikehau Capital to acquire a portfolio of office properties in Spain from a Blackstone-controlled REIT, according to an announcement to the Singapore exchange. Following the sale of several of the remaining properties, a special distribution of $ 1. The European-focused real estate investment trust has agreed to form a 40:60 joint venture with Tikehau, which holds an approximate 17 percent stake in IREIT, to buy the four . Enter: none of these apply. Summary. Select: Yes - we see you have section 199A income. Hines sells The Rim, busiest open-air center in Texas San Antonio's The Rim, at 1.6 million sq. The transaction price for each class of Hines Global's common stock presented above was determined as of December 31, 2021, and is the price at which eligible redemption requests presented for redemption in accordance with the terms of Hines Global's share redemption program will be redeemed as of January . Highlands REIT is a self-advised and self-administered REIT with a portfolio of single- and multi-tenant office assets, industrial assets, retail assets, correctional facilities, unimproved land and a bank branch, which represent InvenTrust's remaining "non-core" assets. . 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. The new NAV represents an approximate 10% decrease from the . The NAV is currently $ 1. Enter No. 10-K Annual Report. by Realty News Report May 17, 2021. 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. 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. 10-K Annual Report Summary. Hines Global REIT. HGR Liquidating Trust was advised by Bryan Cave . ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum. BREIT is a non-listed REIT that invests primarily in stabilized income-generating commercial real estate investments across asset classes in the United States and, to a lesser extent, real estate debt investments, with a focus on current income. Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to sell 10 logistics properties located in Germany and Poland to affiliates of the Blackstone Group (NYSE: BX) for approximately $526.9 million (€450.0 million), excluding closing costs. Hines Global 2014 Proxy Statement (Q4 2014) (7 days ago) If you hold your shares in registered form and wish to combine your stockholder accounts in the future, you should contact Hines Global REIT Investor Relations at 2800 Post Oak Boulevard, Suite 5000, Houston, Texas 77056-6118 or call us at (888) 220-6121. Hines President and CEO Jeff Hines, pictured with his father, Gerald Hines, in 1990. Inland American Real Estate Trust. Such securities are offered only by means of a prospectus. The office buildings total about 2.2M SF all together. Link REIT has moved forward with its first acquisition in the western hemisphere as the Hong Kong-listed real estate investment trust today announced a deal to purchase 25 Cabot Square in London for £371.4 million ($475 million).. Asia's largest REIT said in a statement that it has agreed to buy the 17-storey office building on Canary Wharf from a unit of Hines Global REIT around six weeks . KBS Real Estate Investment Trust II. 00 per unit was made in July 2020, $ 2. To help identify the different account types, this checklist provides a structured outline to guide your decision. The Summit is a portfolio of two Class A office towers, known […] Hines Global REIT San Antonio Retail I LP, a subsidiary of HGR Liquidating Trust, entered an agreement Jan. 11 to sell The Rim to Big V Acquisitions LLC in a deal expected to close in March . Investors who own thinly traded or illiquid investments like Hines Global REIT are too often not made aware of what their shares can be sold for. Public asset : 53,207 USD. Institutional Owners Net Long/Short Value Top Mutual Funds Top ETFs Buyers Sellers Hines Global REIT is taking seven of its U.S. office properties to market separately, with Eastdil Secured overseeing the sales. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for . San Antonio's The Rim, at 1.6 million sq. HGR was launched in August 2009 and at the peak of its acquisition phase, it owned interests in 45 properties and other real estate-related investments in the U.S., the . On January 3rd of this year, Hines issued a special distribution of $1.05/share. "Because we're seeing strong capital markets interest at the portfolio, sub-portfolio and individual asset level for our remaining high-quality assets, we believe the time is right to recommend a plan of liquidation for the company in an effort to bring liquidity and maximize value to . Big V Property Group and Equity Street Capital acquired the retail asset in a joint venture. London — Mayer Brown has advised Link REIT, Asia's largest real estate investment trust, on its acquisition of the office building at 25 Cabot Square ("The Cabot") in Canary Wharf, London from HGR Liquidating Trust (formerly Hines Global REIT) for £380 million.It is the largest single asset UK office building deal for 2020, to date. The Company declared an initial liquidating distribution of $6.20 per share to all stockholders of record as of December 7, 2016. The resulting per share price after liquidation was $8.98. In 2018, the board of directors at Hines Global REIT approved the plan to liquidate assets in the company, allowing initial shareholders a distribution, totaling $15.62-16.62 per share upon successful liquidation. Age : 44. Houston, TX 77056-6118 United States 1 713 621 8000 Contact Hines. Hgr Liquidating Trust (1453818) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020. Texas oil and gas revenue increased by nearly $2B in 2021. According to a letter to Hines Global REIT investors on September 23, the REIT declared a NAV (net asset value) of $2.09 per share in March 2021, and doesn't expect the Trust to generate taxable income to investors for 2021. HGR LIQUIDATING TRUST (the successor to Hines Global REIT, Inc.) UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS On May 5, 2021, Hines Global REIT San Antonio Retail I LP, a subsidiary of HGR Liquidating Trust, sold The Rim to Big V Acquisitions LLC (the "Purchaser"). The Company owns and manages a diversified real estate portfolio in domestic and international markets. The seller, HGR Liquidating Trust, a fund sponsored by Hines, was represented by JLL Capital Markets. 80 per unit in September 2021. New for 2021: Beginning with distributions made in or attributable to 2021, Nareit will no longer post individual REIT member spreadsheets relating to the federal income tax treatment of distributions. According to the letter, the board of trustees has determined a NAV per unit of $5.58 as of June 30, 2020, following the completion of third-party valuations of the Trust's seven remaining assets. Pass the next 2 screens. Howard Hughes Center, Los Angeles. On December 9, 2019, in the midst of liquidation, Hines Global REIT Inc., through its operating partnership, inked a deal to sell its The Summit portfolio in Bellevue, Washington for a contract sales price of US$ 756 million to private equity firm KKR. Enter: amount of UBIA from Grantor Letter. However, Nareit plans to post press releases and/or other public releases of Nareit corporate member REITs relating . Lifecycle REITs are added to the index in the quarter that their first NAV is announced. On April 23, 2018, the board of directors of Hines Global REIT unanimously approved a plan of liquidation. Big V Acquisitions LLC has a . Hines Global REIT Liquidating Trust Sells San Antonio Retail Center for $220 Million HGR Liquidating Trust, the liquidating trust of non-traded real estate investment trust Hines Global REIT Inc., has sold a San Antonio retail center known as The Rim for approximately $219.7 million. This website is neither an offer to sell nor a solicitation of an offer to purchase shares of Hines Global Income Trust. Here are NYC's largest commercial real estate finance deals of 2021. There are many account options to consider when wanting to save for the future. Company Description: Hines Global Reit Properties LP is located in Houston, TX, United States and is part of the Lessors of Real Estate Industry. 29 per unit after these distributions. Griffin American Healthcare REIT IV. What Hines CEO Jeff Hines Wants To Do Differently Than His Father. 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 . REITs are removed from the index upon listing, merger, or in the case of a liquidation by sale of properties, upon conver-sion to a liquidation basis of accounting. Pursuant to the Liquidation Plan, Hines REIT shareholders will receive $0.08 per share, to be paid on or about July 31, 2018. Abstract Major legislation and regulations in the field of capital markets, banking, taxation, and other regulatory domains were formulated in the year 2021. By Scott Baltic, Contributing Editor. December 28, 2021. Hines REIT Announces Liquidation Plan Business Wire HOUSTON -- June 30, 2016 Hines Real Estate Investment Trust, Inc. ("Hines REIT" or the "Company"), one of . 10-K YoY Changes. Big V Buys Hines Fund Project for $220 Million. The […] Hines' First Carbon Officer Builds on Growing ESG Trends in Real Estate. HGR Liquidating Trust is a United States-based real estate investment trust (REIT) headquartered in Texas. September 27, 2021 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. The Company invests in office, retail, industrial, multi-family, hospitality, and leisure . The 1 million-sq.-ft.-plus The Rim includes all the outdoor shopping sections and some retail strips, excluding retail property owned by anchor tenants such as Target, Bass Pro Shop and Santikos. Have you suffered investment losses in Hines Global REIT (now known as HGR Liquidating Trust? The offering price for Hines Global REIT at the inception was $10.00 per share/unit. Hines and Cresset Real Estate Partners Close on Site for Second Phase of Whiteland 65 Logistics Center. Considering the ever-changing and dynamic Related Videos Hello, I have a Grantor Trust Tax Information Letter from HGR Liquidating Trust which is a liquidating trust for Hines Global REIT, Inc. Specifically, the Liquidation Plan entails a final distribution of $0.07 per share, as well as an additional $0.01 per share stemming from a recent class action settlement. By Barbra Murray, Contributing Editor. Hines Global REIT, Inc. owns, manages, and operates real estate properties. Global real estate investment firm Hines has entered the Hong Kong co-living market. Global Headquarters 2800 Post Oak Blvd. Hines Global Reit Properties LP has 11 total employees across all of its locations and generates $19.50 million in sales (USD). Hines REIT Exits San Antonio Outdoor Mall Property Posted on 05/14/2021 HGR Liquidating Trust is a fund sponsored by Hines. I know that this is a lot to ask but there seem to be a number of people having trouble with this. Enter: Business Name, and EIN ( Hines global Reit, etc ) Select: Hines Global Reit has UBIA. Home SEC Filings Hines Global Reit, Inc. 10-K Annual Report Wed Mar 31 2021. Howard Hughes Center, Los Angeles. June 30, 2016, 10:43 AM PDT. Hines has put its WaterWall Place apartments near the Galleria up for sale as part of the liquidation of Hines Global REIT. More good news: Recently, the share price has risen to $9.04/share (as of 09/04/2018). HGR Liquidating Trust sold The RIM, a major mixed-use, open-air shopping center in northeast San Antonio, Texas. When Jeff Hines was a child, his father . 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. Hines Global REIT raised $3.1B in equity through April 2018. The $220 million deal includes 1.04 million sf of the property, which encompasses all the outdoor shopping components and some retail strips. Its starting net asset value (" NAV ") was $ 5. HGR Liquidating Trust, formerly Hines Global REIT, is selling The Rim, Texas' largest outdoor shopping center, for $219.7 million to Big V Acquisitions LLC. May 12, 2021 Exhibit 99.1 September 23, 2021 Dear Investor, We are writing to give you an update on the progress toward the liquidation of HGR Liquidating Trust (the "Trust"), formerly Hines Global REIT, Inc. J. Shea Morgenroth is Chief Financial Officer for Hines Global Income Trust, Inc., Chief Financial Officer for HGR Liquidating Trust and Treasurer & Chief Accounting Officer at Hines Global Reit II Advisors LP. ZHGIDX | A complete Hines Global Income Trust Inc. Cl D mutual fund overview by MarketWatch. The 1 million-square-foot-plus The Rim includes all the outdoor shopping sections and some retail strips, excluding retail property owned by anchor tenants such as Target, Bass Pro Shop and Santikos, according . Update on September 27, 2021 According to a letter to Hines Global REIT investors on September 23, the REIT declared a NAV (net asset value) of $2.09 per share in March 2021, and doesn't expect the Trust to generate taxable income to investors for 2021. Maxwell was a senior vice president and co-head of legal at Hines last year when he was appointed general counsel of HGR Liquidating Trust, an entity managing the $4.3 billion dissolution of Hines Global REIT Inc., according to a securities filing dated June 30, 2020. This material must be read in conjunction with a prospectus in order to understand fully all of the implications and risks of an investment in the securities offered . Hines Global REIT is selling The Rim— Texas' largest outdoor shopping center—for $219.7 million to Big V Acquisitions LLC. A week ago Hines, one of the world's largest privately owned property groups, formalised a decision to wind up the Hines Global REIT which holds 33 properties around the world including the three . Three of the properties are in Massachusetts, two are in California, and one each is in Washington, D.C., and Minnesota. Hines Global REIT is a privately owned, global real estate firm that was founded in 1957 and has approximated $111 billion in assets. 2021-01-29T15:00:00Z. calculating the index on December 31, 2015, with a base level of 100. Hines has begun the process of liquidating its unlisted REIT, firing the starting gun on a process that will see more than . These funds were deposited to your LPL account. Seeking Alpha - Go to Homepage Entering text into the input field will update the search result below For Sale: Hines To Unload $4.4B Of Assets As It Liquidates Global REIT. Houston—Hines Real Estate Investment Trust Inc., one of three public non-listed REITs sponsored by Hines, plans to undertake its liquidation and dissolution, primarily through the cash sale, for $1.162 billion, of a portfolio of office assets, Hines has announced.The buyer of the office portfolio, consisting of seven . European Headquarters 5 Welbeck St. London . 58. The purpose of the Trust is to complete the liquidation of the assets of Hines Global REIT, Inc. Directors Courtesy of Hines Global REIT The Campus […] 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. December 22, 2021. When Hines Global REIT adopted its Plan of Liquidation in July 2018, it anticipated completing SAN ANTONIO - Big V Acquisitions LLC is buying The Rim, the largest outdoor retail center in Texas, from Hines Global REIT San Antonio Retail I LP. Hines Global REITs. Hines Global REIT Inc. transferred its assets into the seller subsidiary HGR Liquidating Trust in June 2020 with the intention of selling its remaining assets, such as The Rim, and distributing . Highlands REIT. HNGL / Hines Global REIT Inc. - Options Flow Overview; Chart; Owners . When Hines Global REIT adopted its Plan of Liquidation in July 2018, it anticipated completing the sale of all of its assets within the 24-month period . The company has acquired the Butterfly on Prat Hotel in the heart of Tsim Sha Tsui(TST), Hong Kong, on behalf of its Pan-Asia fund, Hines Asia Property Partners (HAPP), in partnership with MindWorks Properties, a Hong Kong-based real estate and technology firm. 2020-07-07 sec.gov - Exhibit 10.2 AMENDED AND RESTATED ADVISORY AGREEMENT Among HINES GLOBAL REIT ADVISORS LP, HINES GLOBAL REIT PROPERTIES LP, and HGR LIQUIDATING TRUST June 30, 2020 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS 2 ARTICLE 2 APPOINTMENT 3 ARTICLE 3 DUTIES OF THE ADVISOR 3 3.01 Asset Management Services 3 3.02 Accounting and . REIT shareholders approved the company's plan of liquidation and dissolution earlier this month. Hines REIT, Hines Real Estate Investment Trust, Hines, Blackstone The Company owns and manages a diversified real estate portfolio in domestic and international markets. InvenTrust Properties. SAN ANTONIO - (Realty News Report) - Big V Acquisitions LLC paid $219.7 million to acquire The Rim, a 1.6 million SF open-air retail center in San Antonio. Inland Real Estate Income Trust. The dominant landowner at the Rim shopping center is planning to sell its properties to a North Carolina firm for $219.7 million. The Hines Global REIT portfolio currently consists of 33 assets—representing 13.9 million square feet that is 90 percent leased, of which, approximately 61 percent is located throughout the United States and 39 percent is located internationally, the statement said. As a result of the pending liquidation of Hines Global REIT, the . The purpose of the Trust is to complete the liquidation of the assets of Hines Global REIT, Inc. In such cases there are typically very few choices, and with little to no means to sell, shareholders can find themselves stuck with an investment. Link, a Hong Kong-listed REIT managed by Link Asset Management Limited, was advised by Mayer Brown. We may invest to a lesser extent in Canada and Europe and potentially elsewhere. (Employees and Sales figures are modelled). KBS Strategic Opportunity REIT 2021 CPE Executive of the Year Awards Roundup. Select: code I - Section 199A info and enter Section 199A QBI from Grantor Letter. Maxwell was a senior vice president and co-head of legal at Hines last year when he was appointed general counsel of HGR Liquidating Trust, an entity managing the $4.3 billion dissolution of Hines Global REIT Inc., according to a securities filing dated June 30, 2020. 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. 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. Governing law provisions (also knows as choice of law or controlling law clauses) in contracts are frequently used by the agreement parties to specify which jurisdiction's laws will be applied to interpreting the contractual provisions and obligations. Cole Office & Industrial REIT (CCIT II) Corporate Property Associates 18-Global. Year-End Tax Reporting Data. J. Shea Morgenroth. By quickly reviewing Assumption Agreement s to find contracts with Texas governing law, you . 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