0001453818-18-000053.txt : 20181018 0001453818-18-000053.hdr.sgml : 20181018 20181018150123 ACCESSION NUMBER: 0001453818-18-000053 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20181018 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181018 DATE AS OF CHANGE: 20181018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hines Global REIT, Inc. CENTRAL INDEX KEY: 0001453818 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 263999995 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53964 FILM NUMBER: 181128240 BUSINESS ADDRESS: STREET 1: 2800 POST OAK BOULEVARD SUITE 5000 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 888-220-6121 MAIL ADDRESS: STREET 1: 2800 POST OAK BOULEVARD SUITE 5000 CITY: HOUSTON STATE: TX ZIP: 77056 8-K 1 hinesglobalreitsummitpress.htm HINES GLOBAL REIT SUMMIT III PRESS RELEASE 8-K Document


UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 

 Date of Report (Date of Earliest Event Reported):
October 18, 2018
 
Hines Global REIT, Inc.
__________________________________
(Exact name of registrant as specified in its charter)
 

 
 
 
 
 
Maryland
 
000-53964
 
26-3999995
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
 
 
 
 
 
 
 
 2800 Post Oak Blvd, Suite 5000, Houston, Texas
 
77056-6118
(Address of principal executive offices)
 
(Zip Code)
  
Registrant’s telephone number, including area code:
 (888) 220-6121
 
Not Applicable
______________________________________________
Former name or former address, if changed since last report
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]






Item 7.01 Regulation FD Disclosure

On October 18, 2018, Hines Interest Limited Partnership, the sponsor of Hines Global REIT, Inc. (the "Company"), issued a press release announcing the approval of permits for the Company’s development site, Summit III. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit hereto, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished herewith, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in any such filing.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.
 
Description
99.1
 



Forward-Looking Statements

Statements in this Current Report on Form 8-K, including the press release furnished herewith, including intentions, beliefs, expectations or projections relating to the development project described herein, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on current expectations and assumptions with respect to, among other things, the ability to complete the development of the building as expected and in accordance with current design plans, future economic, competitive and market conditions and future business decisions that may prove to be incorrect or inaccurate. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the ability to complete the development in a timely manner and according to plan and other risks described in the “Risk Factors” section of Hines Global REIT’s Annual Report on Form 10-K for the year ended December 31, 2017, as updated by its other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements.






SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
 
 
 
 
 
 
Hines Global REIT, Inc.
 
 
 
 
 
October 18, 2018
 
By:
/s/ J. Shea Morgenroth
 
 
 
 
Name: J. Shea Morgenroth
 
 
 
 
Title: Chief Accounting Officer and Treasurer
 





EX-99.1 2 ex991-pressreleasedatedoct.htm EXHIBIT 99.1 - PRESS RELEASE - OCTOBER 18, 2018 Exhibit
Exhibit 99.1

hineslogo.jpg

News Release                    

For Immediate Release
 
For Further Information, Contact:
October 18, 2018
 
George Lancaster, Hines
 
 
(713) 966-7676
 
 
george.lancaster@hines.com

HINES SUMMIT III DESIGN RELEASED



(BELLEVUE, WASHINGTON) - Hines, the international real estate firm, announced today that permits for the development site, Summit III, have been approved by the City of Bellevue, representing a major step forward for the project. When Hines Global REIT, Inc. (“Hines Global REIT”), a public company sponsored by Hines, acquired The Summit in 2015, it consisted of the fully entitled development site which can accommodate a 17-story Class A tower and includes a completed seven-story subterranean parking garage.
Hines tasked the Summit III design team consisting of LMN, Magnusson Klemencic Associates, ME Engineers, Berger Partnership, Pace Engineering Services and Hines Conceptual Construction Group, to optimize a new design for high-density technology tenants.
The approximately 370,000-square-foot, 17-story building will be built on top of the existing parking garage. Summit III will showcase full-height 9’10’’ windows, achieving 50 percent more exterior glazing than under the Washington State prescriptive energy code, maximizing excellent natural light and magnificent mountain views. Simultaneously, the design exceeds Washington State Energy Code performance by 15 percent, utilizes traditional, electric, VAV boxes for cost-effective tenant build-out, increases the building by two floors, increases floor loading for amenity areas, increases elevator capacity by adding three elevators and increases restroom fixtures by one over the code.
Summit III will be the third building in The Summit portfolio. On-site amenities include The Summit Room, a signature amenity that combines the functions of a lobby, building lounge and meeting area, a state-of-the-art fitness center, a conference center, Café Pogacha restaurant and Bright Horizons child care facility.

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Ty Bennion, senior managing director at Hines, said, “We are thrilled the City of Bellevue has approved the permits. The asset will be the only floor-to-ceiling glass building at 9' 10" tall, and we believe this property will set a new standard for quality in the market. We are excited about now focusing our attentions on leasing.”

Sherri Schugart, president and CEO of Hines Global REIT, said, "This is a prime example of the Hines difference at work—marrying top-down macroeconomic factors with local-market development expertise. We believe the build out of this development will not only enhance the Bellevue skyline, but also position Summit III as a high-quality asset that should generate attractive investment returns for our shareholders."

About Hines Global REIT
Hines Global REIT is a public, non-listed real estate investment trust sponsored by Hines. Hines Global REIT was formed in December 2008 to invest in and own interests in a diversified portfolio of quality commercial real estate properties and other real estate investments in the United States and internationally. For additional information about Hines Global REIT, visit www.hinessecurities.com.
    
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,319 properties, totaling over 431 million square feet. The firm’s current property and asset management portfolio includes 527 properties, representing over 224 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.


Forward-Looking Statements
Statements in this press release, including intentions, beliefs, expectations or projections relating to the development project described herein, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on current expectations and assumptions with respect to, among other things, the ability to

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complete the development of the building as expected and in accordance with current design plans, future economic, competitive and market conditions and future business decisions that may prove to be incorrect or inaccurate. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the ability to complete the development in a timely manner and according to plan and other risks described in the “Risk Factors” section of Hines Global REIT’s Annual Report on Form 10-K for the year ended December 31, 2017, as updated by its other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements.


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