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INVESTMENT PERFORMANCE

Setting the standard in real estate investment performance.

Hines has more than 25 years of experience creating and successfully managing ventures for institutional equity investors. Since the inception of the NCREIF Office Index in 1978, Hines U.S. office properties have outperformed that index by an average of 183 basis points per year. Hines has delivered this superior performance with a level of risk (as measured by standard deviation) 66 basis points lower than that of the NCREIF Office Index.

Hines has also outperformed the NCREIF Office Index on a vintage year basis (defined as the total return derived from an investment beginning in the vintage year and held through 2001) over a range of time periods from one to 20 years, as shown below.

700 Eleventh Street,
Washington, DC

Since 1991, Hines has employed a range of investment strategies to pursue office acquisition and development opportunities in the United States through seven investment vehicles with a combined $4.1 billion in equity. The largest of these vehicles is National Office Partners Limited Partner-ship, an investment venture between Hines and CalPERS.

Since 1996, Hines has also raised over $1 billion in equity for investment in development and acquisition opportunities in European cities and selected emerging markets through three investment vehicles.