Hines Global REIT Declares $10.24 NAV

February 25, 2016

Feb 24 2016 | DI Wire

Hines Global REIT Inc., a non-traded real estate investment trust, announced that its board of directors determined a new estimated per share net asset value of $10.24 for the company’s common stock, as of December 31, 2015.

This new estimated per share NAV represents an 8 percent increase over the previous estimate of $9.44 issued last year.

Hines Global REIT engaged Cushman & Wakefield to provide appraised values of the company’s domestic real estate property investments, while Knight Frank provided appraised values of its international real estate investments. The company also engaged Jones Lang LaSalle to perform valuations of its debt obligations.

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