In 2013, Hines and Invesco Real Estate jointly acquired the Rialto Building located in San Francisco's South Financial District, from Africa Israel USA (AFI USA).
Originally built in 1902, the H-shaped, Renaissance-style building was designed by Meyer & O'Brien Architects. The nine-story building contains 135,486 square feet of office and retail space. After the great earthquake of 1906, the building's interiors were completely rebuilt, leaving the steel, brick and concrete exterior structure intact. AFI USA acquired the building in 2007, and soon after, undertook a capital investment program to restore the property to its original grandeur. Restoration work focused on original architectural components in the main lobby, including the bronze staircase, ornate metal elevator doors, the painted panel ceiling and the marble flooring.
The property was sold in 2015 but Hines continues to property manage.