INVESTMENT MANAGEMENT OVERVIEW

Setting the standard in real estate investment.

JPMorgan Chase Building,

San Francisco, CA

Since 1991, Hines has sponsored core, value added and opportunistic investment vehicles with more than $15 billion in committed equity through 28 investment vehicles for property acquisition and development in developed and emerging markets in the Americas, Europe and Asia. Hines executes its business strategy by integrating its investment management teams with local-market Hines personnel in 96 cities worldwide. In pursuing investment strategies across the risk spectrum, Hines has consistently delivered targeted risk-adjusted returns to investors. Hines' investor partners and clients include major public and private pension funds, government investment authorities, insurance companies, financial institutions, endowments and individual investors. To learn more about Hines' investment management services, please contact a member of the Capital Markets Group. To present an acquisition opportunity, contact one of our dedicated fund managers.

Representative List of Funds

United States

• Hines CalPERS Green Development Fund
• Hines U.S. Office Value Added Fund, L.P.
• Hines U.S. Office Value Added Fund II
• National Office Partners Limited Partnership
• Hines Real Estate Investment Trust (REIT), Inc.

Europe

• HCS Interests, L.P.
• Hines European Development Fund, L.P.
• Hines European Development Fund II
• Hines European Value Added Fund

Emerging Markets

• Emerging Markets Real Estate Fund I, L.P.
• Emerging Markets Real Estate Fund II, L.P.
• Hines International Real Estate Fund
• HCM Holdings, L.P.
• HCM Holdings II
• HCB Interests, L.P.
• HCB Interests II
• HCC Interests, L.P.