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Hines Said to Offer $5.5 Billion Real Estate Portfolio Sale

May 17, 2016

An office building leased by Morgan Stanley in London’s Canary Wharf district is being offered for sale by U.S. real estate company Hines as part of a $5.5 billion property portfolio disposal, according to a person with knowledge of the matter.

The Houston-based company, which manages $89.1 billion, has hired Lazard Ltd. to advise on the sale of the properties in the Hines Global REIT, the person said, asking not to be identified because the details are private. The real estate investment trust, which isn’t publicly traded, owns all or part of 43 properties.

Hines Global REIT said it’s evaluating a sale of assets, a sale or merger, a listing of shares on a national securities exchange or similar transaction in a March 28 filing to the SEC. There’s no set timetable, a spokesman for the firm said. Lazard and Morgan Stanley declined to comment.

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Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.