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INSTITUTIONAL FUNDS NARRATIVES


Since 1991, Hines has employed a range of investment strategies to pursue acquisition and development opportunities through 44 investment vehicles (42 privately offered and 2 publicly offered) with more than $24 billion in equity. The diversity of these vehicles demonstrates Hines’ ability to execute investment strategies in different markets throughout the world.

United States

HC Green Development Fund
Fund Manager, Gary Holtzer

HC Green Development Fund (HCG) was formed in August 2006 to develop sustainable office buildings that will be certified through the Leadership in Energy and Environmental Design Core & Shell (LEED-CS) program. HCG’s initial equity capital commitment was US$124 million and, with two additional equity capital commitments of $154 committed in 2007 and in $218 in 2013, now totals US$496 million. 

Hines U.S. Core Office Fund
Fund Manager, Sherri Schugart

Hines U.S. Core Office Fund (Hines Core Fund) was formed in August 2003 to invest in existing office properties in the U.S. that are desirable long-term core holdings. Hines Core Fund had total equity capital committed of US$2.320 billion

Hines U.S. Office Value Added Fund L.P.
Fund Manager, David Congdon

Hines U.S. Office Value Added Fund II (VAF I or Hines Value Added Fund) was formed in December 2003 to invest in office properties in the United States with value add potential through leasing or redevelopment activities. Hines Vaule Added Fund had total equity capital commitments of US$276 million.

Hines U.S. Office Value Added Fund II L.P.
Fund Manager, David Congdon

Hines U.S. Office Value Added Fund II (Hines VAF II) was formed in October 2006 to acquire existing assets in major US markets with the focus on large CBD office and multi-building suburban office campuses, seeking opportunities to add value through leasing and redevelopment. As a successor fund to Hines VAF I, Hines VAF II had total equity capital commitments of US$828 million.

Hines Corporate Properties II L.L.C.
Fund Manager, Doug Donovan

Hines Corporate Properties II (HCP II) was formed in July 2011 to pursue build-to-suit development or acquisition of buildings primarily for single-tenant users in the U.S. with the same public pension fund partner that invested with Hines in Hines Corporate Properties in 1997. HCP II has total equity capital committed of US$500 million.

Hines Multifamily Investment Partners
Fund Manager, Doug Donovan

Hines Multifamily Investment Partners (HMIP) was formed in March 2012 to develop Class A multifamily projects in urban and suburban core markets in the U.S. HMIP has total equity capital committed of US$111 million.

Hines Value Added Venture III
Fund Manager, David Congdon

Hines Value Added Venture III (VAV III) was formed in August 2012 in partnership with a corporate pension fund to acquire existing assets in U.S. markets with the focus on CBD office and suburban office campuses, seeking opportunities to add value through leasing, management and redevelopment.  VAV III has total equity capital commitments of US$211 million.

Skyline Investment Partners L.P.
Fund Manager, Gary Holtzer

Skyline Investment Partners (Skyline) was formed in November 2012 in partnership with a non-U.S. investor. Skyline's objective is to create a portfolio of institutional-quality office building assets in select cities in the United States and Canada that will provide stable, predictable and growing cash flow.

Europe

Hines European Development Fund L.P.
Fund Manager, Mark Sears

Hines European Development Fund (HEDF I) was formed in October 2002 to develop and redevelop Class A office space in major metropolitan cities in Western Europe.   HEDF I had equity capital committed of €387 million (approximately US$453 million). 

Hines European Development Fund II L.P.
Fund Manager, Mark Sears

Hines European Development Fund II (HEDF II) was formed in February 2007 to develop new Class A office buildings and redevelop well-located existing buildings in the targeted countries of France, Germany, Italy, Spain and the UK.  As a successor fund to HEDF, HEDF II had total equity capital commitments of €647 million (approximately US$855 million).

Hines European Value Added Fund L.P.
Fund Manager, Paul White

Hines European Value Added Fund (HEVAF) was formed in March 2005 in the legal form of a Luxembourg FCP to invest in a geographically diverse portfolio of buildings across Europe with value add created through development, redevelopment, leasing and sale of the properties. HEVAF’s equity capital commitment was €287 million (approximately US$372 million).

Skywalk Investment Partners L.P
Fund Manager, Paul White

Skywalk  Investment Partners (Skywalk) was formed in July 2013 in partnership with one institutional investor partner. Skywalk's objective is to acquire (and potentially develop) institutional-quality real estate assets in select European markets that will be actively asset-managed through core-plus and value-add strategies.

Emerging Markets

Emerging Markets Real Estate Fund II L.P.
Fund Manager, Leo Chen

Emerging Markets Real Estate Fund II ( EMREF II) was formed in February 1999 to develop, re-develop, lease, own and sell Class A office, residential and industrial projects in diverse emerging economies outside the United States and certain Western European markets. EMREF II had total equity capital commitments of US$436 million.

Hines India Fund L.P.
Fund Manager, Leo Chen

Hines India Fund L.P. (HIF) was formed in October 2007 to develop office projects and high end residential properties and acquire fully entitled land with potential involvement in master-planned communities and township developments to meet the demand of multinational and Indian corporations and the growing middle class, respectively. Primary markets are New Delhi/National Capital Region, Bangalore and Mumbai; secondary markets are Hyderabad, Chennai and Pune. HIF had total equity capital commitments of US$300 million. Effective April 8, 2011, HIF commitments were reduced to US$225 million.

Hines International Real Estate Fund
Fund Manager, Leo Chen

Hines International Real Estate Fund (HIREF) was formed in July 2006 to acquire and develop office, retail, residential and industrial projects in emerging markets, with its main focus being China, Russia and Poland.  HIREF had total equity capital commitments of US$343 million.

HCM Holdings L.P.
Fund Manager, Steve Dolman

HCM Holdings (HCM I) was formed in January 2005 to develop, lease, own and sell residential, retail, office and industrial projects in geographically diverse locations/segments in Mexico. HCM I's equity capital commitment was US$195 million.

HCM Holdings II L.P.
Fund Manager, Steve Dolman

HCM Holdings II (HCM II) was formed in March 2007 to develop and acquire residential, retail, office and industrial projects that serve the growing middle class in geographically diverse locations/segments in Mexico. As a successor fund to HCM I, HCM II had total equity capital commitments of US$154 million.

HCB Interests II L.P.
Fund Manager, Steve Dolman

HCB Interests II (HCB II) was formed in March 2007 to develop and acquire institutional quality real estate targeting international and major Brazilian corporate tenancies, residential development for low to middle income Brazilian households, and to continue the expansion of industrial distribution parks. As a successor fund to HCB I, HCB II has total equity capital commitments of US$814 million in Tranche A-C and US$360 million in Tranche D.

HCC Interests L.P.
Fund Manager, X. Simon Shen

HCC Interests LP (HCC) was formed in May 2006 to invest in office, retail, land development, industrial, mixed use and hospitality projects in China.  HCC had equity capital commitments of US$250 million.

HT Brazil Fund III
Fund Manager, Steve Dolman

HT Brazil Fund III (HTBF III) was formed in December 2011 to acquire, develop and redevelop merchant build institutional quality logistics, for-sale residential, retail and office real estate projects in Brazil. HTBF III has total equity capital commitments of US$526 million as of July 24, 2013..

HB Estrela I
Fund Manager, Steve Dolman

Hines Brazil Estrela I (HBE I) was formed in March 2012 to acquire, develop and redevelop opportunistic real estate projects in Brazil. HBE I has total equity capital commitments of US$210 million.

Hines TFI Brazil Income Real Estate Fund
Fund Manager, Steve Dolman

TFI Hines Brazil Income Real Estate Fund (THBIREF) was formed in March 2012 to invest in income-producing real estate properties in Brazil on a Shariah-compliant basis. THBIREF currently has total equity capital commitments of US$50 million.

Brazil Long Term Fund
Fund Manager, Steve Dolman

Brazil Long Term Fund (LTH) was formed in May 2012 to invest in institutional quality (Class A) stabilized industrial and office real estate properties in Brazil. The venture currently has total equity capital commitments of US$500 million to  US$1.0 billion.

Hines Russia & Poland Fund
Fund Manager, X. Simon Shen

Hines Russia & Poland Fund (HRPF) is an opportunistic fund targeting Russia and Poland. The fund closed in May 2012 with a total of €389.5 million (approximately  US$516 million) equity commitments. The strategy of HRPF is to develop, redevelop or acquire Class A real estate projects in Russia and Poland, where high-quality real estate remains underdeveloped and long-term economic growth is expected to outperform the developed countries

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Russia Long Term Hold Fund
Fund Manager, X. Simon Shen

Russia Long Term Hold Fund (HCR) was formed in March 2013 to acquire Class A logistics and retail assets in Russia for long term hold. HCR has total equity committed of US$615 million as of July 2013.

 

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Copyright © 2001-2013 Hines Interests Limited Partnership. All rights reserved. Hines and the Hines logo are registered trademarks of Hines Interests Limited Partnership.