NEW HINES GLOBAL REIT ANNOUNCED - Hines

NEW HINES GLOBAL REIT ANNOUNCED

$3.5 Billion Offering Targets Individual Investors

(HOUSTON) – Hines, the international real estate firm, announced today the commencement of the initial public offering of Hines Global REIT, a public non-traded real estate investment trust. The company seeks to raise a maximum of $3.5 billion in the offering.

Shares of Hines Global REIT will be sold through a network of broker dealers and financial advisors across the United States. Hines is the sponsor of Hines Global REIT, and as its advisor will be responsible for executing its real estate strategies and managing its day-to-day operations.

Hines Global REIT contemplates investing in a diversified portfolio of quality commercial real estate properties and other real estate equity and debt investments, including office, retail, industrial and multi-family in both the U.S. and internationally.

In addition to attempting to capitalize on current distress in the market to acquire attractive properties at historically low prices, Hines Global REIT will seek to make tactical investments that may offer value-add potential, and time acquisitions and dispositions for maximum benefit to investors. One of the goals of Hines Global REIT is to generate an attractive total return for investors over an expected hold period of approximately eight to 10 years.

Hines President and CEO Jeffrey C. Hines commented, “Our firm has relied on solid investor relationships for more than half a century. We look forward to making this new investment product work for advisors and investors seeking diversification through real estate. We think Hines Global REIT will benefit from the expertise of our many offices and tenured employees in 17 countries on four continents.”

Charles Hazen, president of Hines Global REIT, said, “In this challenging market, we see many opportunities on the horizon. We plan to make strategic acquisitions and dispositions, and will be seeking out undervalued assets as well as aggressively pursuing opportunities in markets around the world, which may offer additional diversification as well as attractive risk-adjusted returns.

With Hines as our sponsor, we will have the advantage of tenure and expertise in developed markets, as well as in emerging markets such as Brazil, China, Russia, Poland and India.”

Hines’ first non-traded public REIT, Hines Real Estate Investment Trust, Inc., was established in 2004. Now in its third offering period, Hines Real Estate Investment Trust, Inc. has raised approximately $2.4 billion since its inception.

For additional information about Hines’ real estate investment vehicles, visit www.HinesREI.com.

Hines is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 50 years.With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $25.8 billion, Hines is one of the largest real estate organizations in the world.Access www.hines.com for more information.

-30-

This material contains forward-looking statements (such as those concerning investment objectives, strategies, opportunities, other plans and objectives for future operations or economic performance, or related assumptions or forecasts) that are based on Hines Global REIT’s current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties, including, without limitation, Hines Global REIT’s ability to raise at least the minimum offering proceeds on its initial public offering and execute its investment strategy, the availability of affordable financing,

Hines Global REIT’s ability to identify and time investments that will generate attractive returns for investors and those risks set forth in the "Risk Factors" section of Hines Global REIT’s prospectus, dated August 5, 2009 (available at www.HinesREI.com). Any of these statements could be inaccurate, and actual events or our investments and results of operations could differ materially from those expressed or implied. To the extent that Hines Global REIT’s assumptions differ from actual results, Hines Global REIT’s ability to meet such forward-looking statements, including its ability to invest in a diversified portfolio of quality real estate investments and to generate attractive returns for investors, may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

Asia Pacific Headquarters

1 Connaught Road, 28F
Central, Hong Kong
China
852 3651 6198

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong
China
852 3651 6198

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Suite 1000, One Museum Place
669 Xin Zha Road, Jing An District
Shanghai, PRC 200041
China
86 21 6087 2200

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

info.italy@hines.com

Japan

4F Akasaka K Tower
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 3 6890 3205

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Rokin 69
Amsterdam 1012 KS
Netherlands
31 6204 93834

Nordic Countries

Forbindelsesvej 4
2100 Copenhagen O
Denmark
44 7815 285 191

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

Spain

Paseo de la Castella 110 - 2º B
Madrid 28046
Spain
34 91 703 00 23

South Korea

Three IFC, Level 43
10, Gukjegeumyung-ro, Yeongdeungpo-gu
Seoul 07326
Republic of Korea
82 2 6138 4401

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900