HOUSTON–(BUSINESS WIRE)–Hines Real Estate Investment Trust, Inc. (Hines REIT” or the
Company), one of three public non-listed REITs sponsored by Hines,
announced today that its board of directors unanimously voted to approve
a plan for liquidation and dissolution of the Company. The plan, which
is subject to stockholder approval, takes advantage of the current
strong demand for high-quality assets by institutional buyers, and
includes Hines REIT entering into a definitive agreement to sell seven
West Coast office assets in a cash transaction for $1.162 billion to an
affiliate of Blackstone Real Estate Partners VIII (“Blackstone”).
Additionally, Hines REIT …
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