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INSTITUTIONAL FUNDS NARRATIVES


Since 1991, Hines has employed a range of investment strategies to pursue acquisition and development opportunities through 47 investment vehicles (45 privately offered and two publicly offered) with more than $25 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
Gary Holtzer, Fund Manager

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 commitments, equity capital now totals US$496 million. 

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

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.
David Congdon, Fund Manager

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 U.S. with value add potential through leasing or redevelopment activities. Hines Value Added Fund had total equity capital commitments of US$276 million.

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

Hines U.S. Office Value Added Fund II (Hines VAF II) was formed in October 2006 to acquire existing assets in major U.S. 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 Multifamily Investment Partners
Doug Donovan, Fund Manager

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 had total equity capital committed of US$111 million.

Hines Value Added Venture III
David Congdon, Fund Manager

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 had total equity capital commitments of US$211 million.

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

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 major, institutional-quality office 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.
Mark Sears, Fund Manager

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.
Mark Sears, Fund Manager

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.
Paul White, Fund Manager

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

Skywalk Investment Partners L.P.
Paul White, Fund Manager

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.

HV Trophy Mandate
Peter Epping, Fund Manager

HV Trophy Mandate (HV Mandate) was formed in February 2014 in partnership with a German institutional investor with 250 million (approximately US$343 million) initial equity committed. HV Mandate's objective is to acquire institutional-quality trophy real estate assets in select European and U.S. markets.

 

Emerging Markets

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

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.
Leo Chen, Fund Manager

Hines India Fund L.P. (HIF) was formed in October 2007 to develop office and residential properties in primary markets such as New Delhi's National Capital Region, Bangalore and Mumbai. HIF had total equity capital commitments of US$300 million.

Hines International Real Estate Fund
Leo Chen, Fund Manager

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 II L.P.
Steve Dolman, Fund Manager

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$154million.

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

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, to develop residential projects 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 had.total equity capital commitments of US$1.17 billion.

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

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
Steve Dolman, Fund Manager

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

HB Estrela I
Steve Dolman, Fund Manager

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
Steve Dolman, Fund Manager

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 had total equity capital commitments of US$50 million.

Brazil Long Term Fund
Steve Dolman, Fund Manager

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. LTH currently has total equity capital commitments of US$500 million to US$1.0 billion.

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

Hines Russia & Poland Fund (HRPF) is an opportunistic fund targeting Russia and Poland. The fund closed in May 2012 with €389.5 million (approximately  US$516 million) of equity commitments. The strategy of HRPF is to develop, redevelop or acquire Class A real estate projects in Russia and Poland.

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

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.

Hines India Residential Partnership
Leo Chen, Fund Manager

Hines  India Residential Partnership (HIRP) was formed in June 2014 with an equity commitment of US$263 million with a government investment authority for residential development in India.

 

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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.