November 2, 2017
Hines Global REIT Declares November Distributions and Increases Redemptions for October
The board of directors of Hines Global REIT, Inc. has authorized the Company to declare distributions for the month of November 2017.

Hines Global REIT Declares November Distributions and Increases Redemptions for October

November 1, 2017 | James Sprow | Blue Vault

AdobeStock_58169264

The board of directors of Hines Global REIT, Inc. has authorized the Company to declare distributions for the month of November 2017. These distributions will be calculated based on stockholders of record on each day for the month of November 2017 in an amount equal to $0.0017808 per share, per day. All distributions will be paid in cash or reinvested in stock for those participating in the Company’s distribution reinvestment plan in December 2017. The daily rate, when annualized, equals a 6.50% yield based upon the original $10.00 per share offering price. 

In addition, the board determined to waive the limitation on the share redemption plan and fully honor all redemption requests received for the month ended October 31, 2017. Funds available for redemption are limited to the amount of proceeds received from the Company’s distribution reinvestment plan in the prior month. However, the board has the discretion to redeem shares in excess of this amount if it determines there are sufficient available funds and it is appropriate to do so as long as the total amount redeemed does not exceed the amount required to redeem 5% of the Company’s shares outstanding as of the same date in the prior calendar year. Pursuant to this discretion, the board determined for the month ended October 31, 2017 to redeem shares in the amount of $10.8 million (including $1.5 million of shares to be redeemed in relation to the death or disability of stockholders), which was in excess of the $7.5 million received from the distribution reinvestment plan in the prior month.

 

didyouknow_sponsorfocus-green

Learn more about Hines Securities, Inc. on the Blue Vault Sponsor Focus page.

Click Here

 

recent-news

Hines Global REIT II Acquires 395-Bed Student Housing Property in Reading, UK

Hines Global REIT II Files Tender Offer for $200 Million in Common Shares

Hines Global REIT II Files Follow-On Offering to Become Perpetual NTR

 

Recent

Shorehaven Mixed-Use Development Tops Out in Tempe

Shorehaven Mixed-Use Development Tops Out in Tempe

Cantor Fitzgerald and Silverstein Properties mark a milestone with Shorehaven, a new luxury mixed-use project on Tempe Town Lake, featuring residential units, retail, and community amenities for a premier waterfront experience.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now