Performance
Offering Highlights
-
$1.85BTotal Asset Value1
-
$10.12Monthly NAV2
-
94Buildings3
-
45%Leverage Ratio4
-
2014Inception Date
-
94%Percent Leased5
Net Asset Value and Distribution Rate Per Share History
Performance Summary
Share Class Total Returns7
|
1 Year | Inception to Date |
---|---|---|
Class I Shares (ZHGIIX)
|
4.55%
|
7.95%
|
Class D Shares (ZHGIDX)
|
4.29%
|
7.68%
|
Class S Shares (ZHGISX) - No Sales Load
|
3.52%
|
6.88%
|
Class S Shares (ZHGISX) - With Sales Load
|
-0.07%
|
5.63%
|
Class T Shares (ZHGITX) - No Sales Load
|
3.52%
|
6.88%
|
Class T (ZHGITX) - With Sales Load
|
-0.07%
|
5.63%
|
Share Class Total Returns8
|
1 Year | 3 Year | 5 Year | Inception to Date |
---|---|---|---|---|
Class AX (No Sales Load)
|
4.55%
|
7.95%
|
9.12%
|
8.54%
|
Class AX (With Sales Load)
|
N/A
|
N/A
|
6.66%
|
6.57%
|
Class TX (No Sales Load)
|
3.52%
|
6.88%
|
8.08%
|
7.92%
|
Class TX (With Sales Load)
|
N/A
|
N/A
|
6.84%
|
6.76%
|
Class IX (No Sales Load)
|
4.29%
|
7.68%
|
N/A
|
7.54%
|
Class IX (With Sales Load)
|
N/A
|
N/A
|
N/A
|
7.29%
|
Net Annualized Distribution Rate
Share Class
|
Based on NAV9 | Based on Gross Offering Price9 | Offering Price per Share10 |
---|---|---|---|
Class I Shares (ZHGIIX)
|
6.18%
|
6.18%
|
$10.12
|
Class D Shares (ZHGIDX)
|
5.93%11
|
5.93%
|
$10.12
|
Class S Shares (ZHGISX)
|
5.21%11
|
5.02%
|
$10.49
|
Class T Shares (ZHGITX)
|
5.21%11
|
5.02%
|
$10.49
|
Share Class
|
Based on NAV9 |
---|---|
Class AX
|
6.18%
|
Class TX
|
5.21%12
|
Class IX
|
5.93%12
|
The total returns shown reflect the percent change in the NAV per share from the beginning of the period, plus the amount of any distribution per share declared during the period. The total returns shown are calculated assuming reinvestment of distributions pursuant to Hines Global’s DRP, are derived from unaudited financial information and are net of all Hines Global expenses, including general and administrative expenses, transaction related expenses, management fees, the performance participation allocation, and share class specific fees, but exclude the impact of early redemption deductions on the redemption of shares that have been outstanding for less than one year. Past performance is historical and not a guarantee of future results.
The returns have been prepared using unaudited data and valuations of the underlying investments in Hines Global’s portfolio, which are estimates of fair value and form the basis for Hines Global’s NAV per share. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated.
7The inception date for Class I, Class D, Class S and Class T Shares is December 6, 2017. Since Hines Global closes monthly, an investor that submitted a subscription agreement in the month of December would not have been admitted as a shareholder until the purchase occurred on January 1, 2018. Class I Shares and Class D Shares are sold without an upfront sales load. Class T Shares and Class S Shares listed as (With Sales Load) reflect the returns after the maximum up-front selling commission and dealer manager fees, which total 3.5% for both share classes. Class T Shares and Class S Shares listed as (No Sales Load) exclude up-front selling commissions and dealer manager fees.
8As of September 30, 2019, returns are annualized utilizing a compounding method consistent with the IPA Practice Guideline 2018, as reported in the newly published IPA/Stanger Monitor (initial issuance in Q1 2019). Previously, returns were annualized by multiplying the total inception to date (ITD) return (calculated as described above) by 12 months, divided by the number of months since the respective inception date for the applicable share class. The inception dates for the Class AX Shares, Class TX Shares, and Class IX Shares are October 1, 2014, September 1, 2015, and May 1, 2017, respectively. Hines Global is not offering these shares in its current offering, but such shares were issued in Hines Global’s initial public offering. The annualized total return with sales load was calculated assuming the maximum up-front selling commissions and dealer manager fees, as well as the organization and offering expenses attributable to Class AX Shares, Class TX Shares and Class IX Shares of 10.8%, 5.6% and 0.8%, respectively (each as a percentage of offering price). There is no guarantee that an investment in the shares being offered in the follow-on offering will result in similar returns to those of previously offered share classes.
9For the nine months ended September 30, 2020, and for the years ended December 31, 2019 and 2018, respectively, Hines Global funded 65%, 42% and 32% of total distributions with cash flows from other sources such as cash flows from investing activities, which may include proceeds from the sale of real estate and/or cash flows from financing activities, which may include offering proceeds.
10The offering prices per share are equal to the transaction price plus applicable up-front selling commissions and dealer manager fees, which reduce the amount available for investment. The offering prices presented above are effective for subscriptions for the classes of Hines Global’s common stock presently being offered that will be accepted as of February 1, 2021.
11The distribution and stockholder servicing fees payable with respect to these shares will reduce the amount of funds available for distribution with respect to such shares (including all such shares issued pursuant to Hines Global’s DRP). Further, because the distribution and stockholder servicing fees payable with respect to Class T Shares and Class S Shares are higher than those payable with respect to Class D Shares distributions with respect to Class T Shares and Class S Shares will be lower than distributions with respect to Class D Shares. Distribution and stockholder servicing fees are 1.0% for both Class T and Class S Shares and 0.25% for Class D Shares. Class I Shares are sold without a distribution and stockholder servicing fee.
12 The distribution and stockholder servicing fees payable with respect to these shares will reduce the amount of funds available for distribution with respect to such shares (including all such shares issued pursuant to Hines Global’s DRP). Further, because the distribution and stockholder servicing fees payable with respect to Class TX Shares is higher than those payable with respect to Class IX Shares, distributions with respect to Class TX Shares will be lower than distributions with respect to Class IX Shares. No distribution and stockholder servicing fees are payable with respect to Class AX Shares.