October 28, 2016 2:28 PM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of Hines Real Estate Investment Trust Inc.

Company Overview

Hines Real Estate Investment Trust, Inc., a real estate investment trust (REIT), engages in investing in and owning interests in real estate, primarily of office properties in the United States and Canada. As of December 31, 2007, the company owned interests in 39 office properties located in the United States; a mixed-use office and retail property in Toronto, Ontario; and an industrial property in Rio de Janeiro, Brazil. It also holds interests in a 64-story office building located in the Galleria/West Loop submarket of Houston, Texas; a 2.8 acre park and waterwall; and a 2.3-acre land parcel. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would ...

2800 Post Oak Boulevard

Suite 5000

Houston, TX 77056

United States

Founded in 2003



Key Executives for Hines Real Estate Investment Trust Inc.

Hines Real Estate Investment Trust Inc. does not have any Key Executives recorded.

Hines Real Estate Investment Trust Inc. Key Developments

Grafton Collection To Go For Over €55 million

Hines Real Estate Investment Trust Inc. (OTCPK:HIRT) is in the process of agreeing heads of terms to acquire the Grafton collection for €55 million. Hines are understood to have fended off competition from a number of rival bidders, including Irish property fund IPUT, Irish Life and Deutsche Bank or the portfolio which was offered for sale by Savills last month for a guide price of €40 million.

Hines Announces Promotions in Houston Headquarters

Hines announced the recent promotions of Mark Clegg, Jeremy Davis, Gordon Findlay, Alysia Goodnight, Selina Hinson, Jason Maxwell, Alejandro Palomo, David Steinbach, Jeff Stephenson and Richard Treglown in the firm's Houston headquarters. Mark Clegg has been promoted to Vice President - Corporate Communications and Public Relations. Since joining the firm in 2014 after a distinguished career in broadcast journalism, he has streamlined departmental practices and procedures, modernized media distribution and is a trusted resource to the firm's owners, regions, senior management, properties and employees. Jeremy Davis has been promoted to Vice President - Controller. Since joining the firm in 2001, he has contributed in accounting, financial reporting and analysis roles to multiple fund efforts. Davis also played a primary role in managing the HMS Income Fund. Gordon Findlay has been promoted to Vice President - Controller. He joined Hines in 2006 and has played a critical role in the accounting and SEC reporting functions of Hines' public REITs and was promoted to Senior Controller in 2012. Alysia Goodnight has been promoted to Vice President - Worldwide Tax. She joined Hines as a Senior Tax Accountant in 2003, primarily focused on Hines REIT and Hines U.S. Core Office Fund. Selina Hinson has been promoted to Vice President - Risk Management. She began her career at Hines upon graduation from the University of Texas and worked for four years in the Risk Management Department. Jason Maxwell has been promoted to Vice President - Legal. Maxwell is the General Counsel for Hines Advisors LP, having started the legal function for the U.S. Core Fund, REIT and BDC group in June 2006, and serves as a primary liaison with outside counsel. Alejandro Palomo has been promoted to Managing Director - Investment Management. Palomo joined Hines in 2012 as a Director for the HMS Income Fund and has played a critical role in portfolio construction and supporting the fund's growth. David Steinbach has been promoted to Senior Managing Director. He previously served as Managing Director for the U.S. Core Fund/REIT Group and he serves as a key member of the senior management team in evaluating and implementing various strategic efforts for the platform. Jeff Stephenson has been promoted to Managing Director - Strategic Accounts for Hines Securities. He joined Hines Securities in 2009 and his current responsibilities include leading a group that maintains relationships with over 100 broker dealers in the independent broker dealer channel. Richard Treglown has been promoted to Vice President of Global IT Service Delivery. He joined the firm in 2007 and his successes include the migration from PeopleSoft to Workday, most recently, the global implementation of Hines' enterprise Learning Management System.

Update On Liffey Valley Sale

Property at Liffey Valley is being sold. Hines Real Estate Investment Trust Inc. (OTCPK:HIRT), Grosvenor Group Limited, and HSBC Alternative Investments Limited are planning to sell the asset and expect it to bring in approximately €600 million. Hammerson plc (LSE:HMSO) is likely to visit Liffey Valley.

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