January 3, 2018
Hines Global REIT to Pay $1.05 Special Distribution and Announces $8.98 NAV per Share
In December 2017, the board of directors of Hines Global REIT, Inc. authorized the Company to declare a distribution of $1.05 per share to all stockholders of record as of December 30, 2017, to be funded in part from the net proceeds received from the strategic sale of six assets during 2017.

Hines Global REIT to Pay $1.05 Special Distribution and Announces $8.98 NAV per Share

January 3, 2018 | James Sprow | Blue Vault

NAV - Net Asset Value. US Dollar texture.

In December 2017, the board of directors of Hines Global REIT, Inc. authorized the Company to declare a distribution of $1.05 per share to all stockholders of record as of December 30, 2017, to be funded in part from the net proceeds received from the strategic sale of six assets during 2017. The distribution will be designated by the Company as a special distribution which represents a return of a portion of the stockholders’ invested capital from sales of investment property and, as such, will reduce their remaining investment in the Company. The special distribution is expected to be paid to stockholders in two cash payments in mid-January 2018; one payment will be allocated to the 2017 tax year and one payment will be allocated to the 2018 tax year. The designation of the distribution as a special distribution will not impact the tax treatment of the distribution to stockholders.

The special distribution described above reduces the per share NAV by $1.05, resulting in a new estimated per share NAV of $8.98, effective December 30, 2017. The previous NAV per share was $10.03 as of December 31, 2016. 

The Company cautions that the new NAV of $8.98 has only been updated to reflect the declaration of the $1.05 special distribution and is not indicative of any new valuation of the Company’s real estate portfolio.  It is currently anticipated that the estimated per share NAV will next be determined in the first quarter of 2018.

 

didyouknow_sponsorfocus-green

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

Click Here

 

Hines Global REIT Declares November Distributions and Increases Redemptions for October

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

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