REGIONAL OFFICES

Hines Mexico Regional Office

Hines has been active in the Mexico market since the early 1980s, and Hines’ Mexico City Regional Office was established in 1994. Since that time, the firm has successfully developed residential, office and industrial projects in Mexico City, Querétaro, Guadalajara and, most recently, San Luis Potosí. Hines performed its first international acquisition in Mexico with the purchase and subsequent remodeling of Torre del Angel. Mexico was also the site for the firm’s first international industrial development and its first entry into the industrial market in more than 20 years. The company’s extremely successful third-party management activities include facility management assignments, high-end residential management and industrial management responsibilities. All told, Hines has completed, owns or manages a total of 6.5 million square feet of buildings and more than 600 acres of land infrastructure development in Mexico. Currently, over 4.4 million square feet are under development.

A Current Regional Initiative

Currently under development in the central Mexican state of San Luis Potosí, Parque Logistico will be a state-of-the-art industrial and logistics park located on Eje 140 adjacent to Mexico’s most important highway, Highway 57 (the NAFTA Highway), and the principal north-south railway connecting the U.S. with Mexico. An intermodal terminal and the regional customs office are already in operation within the compound. Intermodal facilities, like that located at the new industrial and logistics park, are land-based container terminals that allow for the quick and efficient transfer between road and rail transportation networks. The first phase of the project, involving 100 acres of more than 1,000 total acres to be developed, will include a natural gas distribution network, a fiber-optic communications system, a Factory Mutual-standard fire loop and a state-of-the-art waste treatment facility.

Mark Cover Executive Vice President

Now the senior vice president responsible for property development in Houston and Mexico, Mark Cover joined the firm in 1983. In his career with Hines, he has contributed to the development, acquisition and/or management of more than 20 million square feet of commercial real estate totaling $2 billion of value in Texas, Colorado, New Mexico, Arizona, Utah and Mexico. Mr. Cover is currently responsible for key investment partner relationships and related property in the Southwest United States and general asset management of 16 million square feet. He received his Bachelor of Science in Accounting from Bob Jones University in 1982 and became a Certified Public Accountant in 1987 (retired).

Lyman Daniels Vice President

With more than 15 years spent working overseas in the real estate industry (Latin America and Europe), Lyman Daniels is a career expatriate dedicated to the development and management of first-class real estate properties. He came to work for Hines in 1992 and is now responsible for its business operations in Mexico. Mr. Daniels has directed the successful start-up, operation and management of Hines’ Mexico Property Management Division, and supervised the first country portfolio sale of the Emerging Markets Real Estate Fund, which represented the largest real estate transaction of its type in the history of Mexico. Since arriving in Mexico in 1994, he has been directly involved in the start-up operations of more than 1.5 million square feet and the sustained operations of more than 5 million square feet. He received his Bachelor of Arts in Economics and International Management from Claremont McKenna College in 1987 and his Master of Business Administration from The American Graduate School of International Management (Thunderbird) and from the Instituto Tecnológica y de Estudios Superiores de Monterrey (Tec de Monterrey) in 2002.