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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 XuHa+zrXYtCZsDQmn5wc+A==

<SEC-DOCUMENT>0001209191-04-056000.txt : 20041203
<SEC-HEADER>0001209191-04-056000.hdr.sgml : 20041203
<ACCEPTANCE-DATETIME>20041203185209
ACCESSION NUMBER:		0001209191-04-056000
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041202
FILED AS OF DATE:		20041203
DATE AS OF CHANGE:		20041203

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HINES REAL ESTATE INVESTMENT TRUST INC
		CENTRAL INDEX KEY:			0001262959
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				000000000

	BUSINESS ADDRESS:	
		STREET 1:		2800 POST OAK BLVD
		STREET 2:		SUITE 5000
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-6118
		BUSINESS PHONE:		7136218000

	MAIL ADDRESS:	
		STREET 1:		2800 POST OAK BLVD
		STREET 2:		SUITE 5000
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-6118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hassard Thomas A
		CENTRAL INDEX KEY:			0001294123

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50805
		FILM NUMBER:		041185022

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		713-621-8000

	MAIL ADDRESS:	
		STREET 1:		2800 POST OAK BOULEVARD
		STREET 2:		SUITE 5000
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056-6118
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>h20507_2tah.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-12-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001262959</issuerCik>
        <issuerName>HINES REAL ESTATE INVESTMENT TRUST INC</issuerName>
        <issuerTradingSymbol>N/A</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001294123</rptOwnerCik>
            <rptOwnerName>Hassard Thomas A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2800 POST OAK BLVD.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 5000</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77056-6118</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-12-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>The common stock, par value $0.001 per share, of Hines Real Estate Investment Trust, Inc., a Maryland Corporation, is not listed on a national securities exchange or over-the-counter market or included for quotation on a national securities market.</remarks>

    <ownerSignature>
        <signatureName>/s/ Thomas A. Hassard</signatureName>
        <signatureDate>2004-12-02</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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