Hines REIT Sells Three Properties in Brazil

(HOUSTON) – Hines, the international real estate firm, announced today that Hines Real Estate Investment Trust, Inc. (Hines REIT) recently completed the sales of three Brazilian industrial properties – Distribution Park Araucaria, Distribution Park Elouveira and Distribution Park Vinhedo – to BR Properties SA of Brazil.Hines REIT acquired these assets in December 2008 for approximately $116.2 million USD and sold them for $127.9 million USD, after transaction costs and local taxes.Hines is the sponsor Hines REIT, and is responsible for the acquisition, disposition, management and leasingof the majority of its assets.

“These were great assets that delivered strong returns to the Hines REIT shareholders and the large movements in the foreign exchange markets presented us with the opportunity to realize an attractive profit in both returns of capital and also currency exchange gains due to the strengthening of the Brazilian Real,” said Charles Hazen, president and CEO of Hines REIT.

Distribution Park Araucaria is a Class A industrial park located in Araucaria, an industrial district of Greater Curitiba. The 459,587-square-foot single-story build-to-suit warehouse was developed in 2006.Distribution Park Elouveira and Distribution Park Vinhedo are Class A industrial parks located in Louveira, an excellent logistics location near São Paulo. These facilities contain approximately 1.1 million square feet in the aggregate and were developed between 2006 and 2008.These properties are fully leased to DHL, which provides logistics services to Kraft, Hewlett-Packard, Nike and Samsung.

Hines REIT is a Houston-based public, non-tradedreal estate investment trust sponsored by Hines.Hines REIT commenced operations in November 2004 and primarily invests in institutional-quality office properties located in the United States.After these dispositions, Hines REIT currently owns interests in60 properties, twoof which are located outside of the United States.For additional information about Hines REIT, please see www.hinesrei.com.