Hines Global REIT Liquidation

September 07, 2018

This is a good news letter regarding your investment in Hines Global REIT.

Recently, you received communication from Hines regarding your REIT. But that letter, like most corporate-scrubbed letters, may raise more questions than answers. First off, your REIT is going through a very normal process. That process is called liquidation. And it involves the selling of the properties, which results in a distribution of cash to you. If the word liquidation sounds strange, just know that in this case, it’s a good thing. This REIT has performed as we had hoped, and now, it’s simply coming to an end. Here are some points you may find helpful:

  • On January 3rd of this year, Hines issued a special distribution of $1.05/share. These funds were deposited to your LPL account. The resulting per share price after liquidation was $8.98.
  • More good news: Recently, the share price has risen to $9.04/share (as of 09/04/2018).
  • As a result of the pending liquidation of Hines Global REIT, the reinvestment program is suspended. This means that Hines is no longer issuing dividends, because they are in the process of selling off the buildings/properties that comprise the REIT.
  • Liquidation of the shares is scheduled to take 12-18 months. I’m told that it will commence at the end of this year through the end of 2019. It’s possible, depending on timing, that it may drag into early 2020.

Do I need to do anything?

The process of liquidation does not require any action from you. It will all be done automatically. But rest assured, when the liquidation commences at the end of this year, we will reach out to you to offer a meeting. That way, if you wish to reinvest the proceeds from the liquidation, we will be ready to help. As always, if you have any questions, please call our office at 678-482-0686.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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