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Employer Identification No.\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.95 447.17 Td (2800 Post Oak Boulevard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 447.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.95 432.17 Td (Suite5000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 432.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.55 417.17 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 162.35 417.17 Td (T) Tj ET Q q 0 0 0 rg BT 168.02 417.17 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 417.17 Td (77056-61) Tj ET Q q 0 0 0 rg BT 469.46 417.17 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 76.35 402.16 Td (\(Addr) Tj ET Q q 0 0 0 rg BT 99.49 402.16 Td (ess of principal executive offices\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.80 402.16 Td (\(Zip code\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 371.6 m 383 371.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 326.6 m 383 326.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.25 376.27 Td (\(888\)220-6121) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.90 361.31 Td (\(Registrant) Tj ET Q q 0 0 0 rg BT 246.58 361.31 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 323.70 361.31 Td (, including ar) Tj ET Q q 0 0 0 rg BT 377.12 361.31 Td (ea code\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.55 331.27 Td (Not ) Tj ET Q q 0 0 0 rg BT 291.50 331.27 Td (Applicable) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.40 316.31 Td (Former name or former addr) Tj ET Q q 0 0 0 rg BT 300.25 316.31 Td (ess, if changed since last r) Tj ET Q q 0 0 0 rg BT 405.42 316.31 Td (eport) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 288.10 Td (Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 276.10 Td (registrant under any of the following provisions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 252.10 Td ([ ] ) Tj ET Q q 0 0 0 rg BT 88.48 252.10 Td (W) Tj ET Q q 0 0 0 rg BT 97.52 252.10 Td (ritten communications pursuant to Rule 425 under the Securities ) Tj ET Q q 0 0 0 rg BT 357.19 252.10 Td (Act \(17 CFR 230.425\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 228.10 Td ([ ] Soliciting material pursuant to Rule 14a-12 under the Exchange ) Tj ET Q q 0 0 0 rg BT 345.54 228.10 Td (Act \(17 CFR 240.14a-12\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 204.10 Td ([ ] Pre-commencement communications pursuant to Rule 14d-2\(b\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 427.18 204.10 Td (Act \(17 CFR 240.14d-2\(b\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 180.10 Td ([ ] Pre-commencement communications pursuant to Rule 13e-4\(c\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 426.05 180.10 Td (Act \(17 CFR 240.13e-4\(c\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 156.10 Td (Indicate by check mark whether the registrant is an emer) Tj ET Q q 0 0 0 rg BT 303.67 156.10 Td (ging growth company as defined in Rule 405 of the Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 144.10 Td (Act of 1933 \(17 CFR 230.405\) or Rule 12b-2 of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 374.73 144.10 Td (Act of 1934 \(17 CFR 240.12b-2\).) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (November) Tj ET Q q 0 0 0 rg BT 94.25 718.25 Td (1, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.75 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.07 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 135.00 718.25 Td (ransaction Price Distribution Reinvestment Plan and Shar) Tj ET Q q 0 0 0 rg BT 391.20 718.25 Td (e Redemption Pr) Tj ET Q q 0 0 0 rg BT 463.23 718.25 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (Per the terms of the distribution reinvestment plan of Hines Global Income ) Tj ET Q q 0 0 0 rg BT 387.97 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 393.73 694.25 Td (rust, Inc. \(the Company\), distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (issued to participants in the plan will be reinvested in additional shares of the class of the Company) Tj ET Q q 0 0 0 rg BT 450.19 682.25 Td (s common stock to which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (such distributions relate at a price equal to the transaction price applicable to such class of common shares on the date the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (shares are issued. In addition, subject to the limitations of and restrictions on the Company) Tj ET Q q 0 0 0 rg BT 417.98 658.25 Td (s share redemption program, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (subject to funds being available as described in the program, shares redeemed under the Company) Tj ET Q q 0 0 0 rg BT 445.15 646.25 Td (s share redemption program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (will be redeemed at a price equal to the transaction price applicable to such class of common shares at the time the shares are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (redeemed; provided, that, shares that have not been outstanding for at least one year will be redeemed at 95% of the transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (price \(unless such 5% holding discount is waived under the limited circumstances described in the Company) Tj ET Q q 0 0 0 rg BT 487.40 610.25 Td (s share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (redemption program\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (Set forth below is the transaction price for each class of the Company) Tj ET Q q 0 0 0 rg BT 367.03 574.25 Td (s common stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.18 574.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.44 574.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (which is the transaction price \(i\) at which distributions declared for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 562.25 Td (October 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.01 562.25 Td ( will be reinvested as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.76 562.25 Td (November1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.47 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (and \(ii\) applicable to redemptions completed pursuant to the Company) Tj ET Q q 0 0 0 rg BT 335.21 550.25 Td (s share redemption program as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.27 550.25 Td (October31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.98 550.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 512.75 116.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 165.50 512.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 512.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 512.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 512.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 512.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 512.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 512.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 512.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 512.75 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 512.75 4.00 -25.00 re f /GS0 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561.5 512.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.20 517.43 Td (Class ) Tj ET Q q 0 0 0 rg BT 197.39 517.43 Td (T) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.55 517.43 Td (Class S) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.70 517.43 Td (Class D) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.40 517.43 Td (Class I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.40 517.43 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.41 517.43 Td (AX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.50 517.43 Td (Class ) Tj ET Q q 0 0 0 rg BT 443.69 517.43 Td (TX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.80 517.43 Td (Class IX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.20 517.43 Td (Class JX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 502.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.76 502.42 Td (ransaction Price \(per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 492.42 Td (share\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 492.42 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 461.85 Td (The transaction price for each of the Company's share classes is equal to such class) Tj ET Q q 0 0 0 rg BT 421.02 461.85 Td (s net asset value \("NA) Tj ET Q q 0 0 0 rg BT 508.79 461.85 Td (V"\) per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.85 Td (share as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.26 449.85 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 449.85 Td (. ) Tj ET Q q 0 0 0 rg BT 180.34 449.85 Td (The NA) Tj ET Q q 0 0 0 rg BT 211.54 449.85 Td (V) Tj ET Q q 0 0 0 rg BT 218.58 449.85 Td ( per share as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.61 449.85 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.88 449.85 Td ( is the same for each of the Company's share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.85 Td (classes. ) Tj ET Q q 0 0 0 rg BT 84.72 437.85 Td (A) Tj ET Q q 0 0 0 rg BT 91.39 437.85 Td ( description of the calculation of the NA) Tj ET Q q 0 0 0 rg BT 251.44 437.85 Td (V) Tj ET Q q 0 0 0 rg BT 258.48 437.85 Td ( per share is set forth below) Tj ET Q q 0 0 0 rg BT 368.35 437.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 413.85 Td (September) Tj ET Q q 0 0 0 rg BT 95.92 413.85 Td (30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.42 413.85 Td ( NA) Tj ET Q q 0 0 0 rg BT 149.07 413.85 Td (V) Tj ET Q q 0 0 0 rg BT 156.11 413.85 Td ( Per) Tj ET Q q 0 0 0 rg BT 173.42 413.85 Td ( Shar) Tj ET Q q 0 0 0 rg BT 196.30 413.85 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 389.85 Td (The Company's board of directors has appointed a valuation committee comprised of independent directors, which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.85 Td (refer to herein as the valuation committee, to be responsible for the oversight of the valuation process. ) Tj ET Q q 0 0 0 rg BT 463.02 377.85 Td (The valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.85 Td (committee has adopted a valuation policy) Tj ET Q q 0 0 0 rg BT 215.69 365.85 Td (, as approved by the Company's board of directors, and as amended from time to time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.85 Td (that contains a comprehensive set of methodologies to be used in connection with the calculation of the Company's NA) Tj ET Q q 0 0 0 rg BT 525.95 353.85 Td (V) Tj ET Q q 0 0 0 rg BT 532.99 353.85 Td ( which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.85 Td (is more fully described below) Tj ET Q q 0 0 0 rg BT 168.21 341.85 Td (. ) Tj ET Q q 0 0 0 rg BT 173.03 341.85 Td (The Company's most recent NA) Tj ET Q q 0 0 0 rg BT 300.18 341.85 Td (V) Tj ET Q q 0 0 0 rg BT 307.22 341.85 Td ( per share for each share class, which is updated as of the last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.85 Td (calendar day of each month, is posted on the Company's website at https://www) Tj ET Q q 0 0 0 rg BT 369.14 329.85 Td (.hinessecurities.com/current-of) Tj ET Q q 0 0 0 rg BT 492.80 329.85 Td (ferings/hgit/ and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.85 Td (is also available on the Company's toll-free information line at \(888\) 220-6121. Please see the Company's valuation policy) Tj ET Q q 0 0 0 rg BT 538.95 317.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.85 Td (incorporated by reference into this Current Report on Form 8-K as Exhibit 99.1, for a more detailed description of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.85 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 293.85 Td (s valuation procedures, including important disclosure regarding interim real property valuations provided by its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.85 Td (Advisor and reviewed by ) Tj ET Q q 0 0 0 rg BT 152.75 281.85 Td (Altus Group U.S., Inc., or ) Tj ET Q q 0 0 0 rg BT 258.31 281.85 Td (Altus, the independent valuation firm the Company has engaged to assist in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.85 Td (the determination of the Company's NA) Tj ET Q q 0 0 0 rg BT 208.54 269.85 Td (V) Tj ET Q q 0 0 0 rg BT 215.58 269.85 Td ( per share and to provide the Company with a conclusion with respect to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.85 Td (reasonableness of its NA) Tj ET Q q 0 0 0 rg BT 148.41 257.85 Td (V) Tj ET Q q 0 0 0 rg BT 155.45 257.85 Td ( per share for each class of shares of the Company's common stock. ) Tj ET Q q 0 0 0 rg BT 427.73 257.85 Td (All parties engaged by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.85 Td (Company in the calculation of its NA) Tj ET Q q 0 0 0 rg BT 198.68 245.85 Td (V) Tj ET Q q 0 0 0 rg BT 204.61 245.85 Td (, including its ) Tj ET Q q 0 0 0 rg BT 261.28 245.85 Td (Advisor) Tj ET Q q 0 0 0 rg BT 293.11 245.85 Td (, are subject to the oversight of the Company's valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.85 Td (committee. Generally) Tj ET Q q 0 0 0 rg BT 135.98 233.85 Td (, all of the Company's real properties are appraised once each calendar year by third party appraisal firms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.85 Td (in accordance with the Company's valuation guidelines and such appraisals are reviewed by ) Tj ET Q q 0 0 0 rg BT 419.18 221.85 Td (Altus. ) Tj ET Q q 0 0 0 rg BT 447.80 221.85 Td (Altus concluded that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.85 Td (new NA) Tj ET Q q 0 0 0 rg BT 82.31 209.85 Td (V) Tj ET Q q 0 0 0 rg BT 89.36 209.85 Td ( per share of the Company's common stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.11 209.85 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.38 209.85 Td ( set forth below is reasonable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 185.85 Td (The ) Tj ET Q q 0 0 0 rg BT 85.93 185.85 Td (table ) Tj ET Q q 0 0 0 rg BT 107.76 185.85 Td (below ) Tj ET Q q 0 0 0 rg BT 134.58 185.85 Td (sets ) Tj ET Q q 0 0 0 rg BT 151.97 185.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 173.80 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 188.40 185.85 Td (calculation ) Tj ET Q q 0 0 0 rg BT 234.66 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 245.37 185.85 Td (the ) Tj ET Q q 0 0 0 rg BT 259.98 185.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 306.95 185.85 Td (NA) Tj ET Q q 0 0 0 rg BT 320.10 185.85 Td (V) Tj ET Q q 0 0 0 rg BT 327.14 185.85 Td ( ) Tj ET Q q 0 0 0 rg BT 329.53 185.85 Td (per ) Tj ET Q q 0 0 0 rg BT 344.68 185.85 Td (share ) Tj ET Q q 0 0 0 rg BT 368.17 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 378.89 185.85 Td (each ) Tj ET Q q 0 0 0 rg BT 399.59 185.85 Td (class ) Tj ET Q q 0 0 0 rg BT 421.42 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 432.14 185.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 459.51 185.85 Td (of ) Tj ET Q q 0 0 0 rg BT 470.23 185.85 Td (its ) Tj ET Q q 0 0 0 rg BT 482.07 185.85 Td (common ) Tj ET Q q 0 0 0 rg BT 519.45 185.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.95 185.85 Td (as ) Tj ET Q q 0 0 0 rg BT 553.66 185.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.85 Td (September30, ) Tj ET Q q 0 0 0 rg BT 109.54 173.85 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.54 173.85 Td ( ) Tj ET Q q 0 0 0 rg BT 131.31 173.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.13 173.85 Td (August31, ) Tj ET Q q 0 0 0 rg BT 192.79 173.85 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.79 173.85 Td ( ) Tj ET Q q 0 0 0 rg BT 214.56 173.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 231.88 173.85 Td (NA) Tj ET Q q 0 0 0 rg BT 245.03 173.85 Td (V) Tj ET Q q 0 0 0 rg BT 252.07 173.85 Td ( ) Tj ET Q q 0 0 0 rg BT 253.85 173.85 Td (per ) Tj ET Q q 0 0 0 rg BT 268.39 173.85 Td (share ) Tj ET Q q 0 0 0 rg BT 291.26 173.85 Td (is ) Tj ET Q q 0 0 0 rg BT 299.70 173.85 Td (the ) Tj ET Q q 0 0 0 rg BT 313.69 173.85 Td (same ) Tj ET Q q 0 0 0 rg BT 336.00 173.85 Td (for ) Tj ET Q q 0 0 0 rg BT 349.44 173.85 Td (each ) Tj ET Q q 0 0 0 rg BT 369.52 173.85 Td (class ) Tj ET Q q 0 0 0 rg BT 390.73 173.85 Td (of ) Tj ET Q q 0 0 0 rg BT 400.83 173.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.60 173.85 Td (of ) Tj ET Q q 0 0 0 rg BT 437.70 173.85 Td (the ) Tj ET Q q 0 0 0 rg BT 451.69 173.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 498.04 173.85 Td (common ) Tj ET Q q 0 0 0 rg BT 534.80 173.85 Td (stock\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 115.35 226.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 115.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 115.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 115.35 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 115.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 115.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 89.35 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 89.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 89.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 89.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 89.35 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 89.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 89.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 89.35 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 61.35 226.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 61.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 61.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 61.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 61.35 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 61.35 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 61.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 61.35 68.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 143.35000000000002 m 343.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 143.35000000000002 m 347.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 143.35000000000002 m 415.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 143.35000000000002 m 489.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 143.35000000000002 m 493.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 143.35000000000002 m 561.5 143.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 115.35000000000002 m 343.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 115.35000000000002 m 415.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 115.35000000000002 m 489.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 115.35000000000002 m 561.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 115.35000000000002 m 343.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 115.35000000000002 m 415.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 115.35000000000002 m 489.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 115.35000000000002 m 561.5 115.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 74.35000000000002 m 343.5 74.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 74.35000000000002 m 415.5 74.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 74.35000000000002 m 489.5 74.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 74.35000000000002 m 561.5 74.35000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.25 147.08 Td (September) Tj ET Q q 0 0 0 rg BT 349.26 147.08 Td ( 30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.95 147.08 Td (August 31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.10 134.03 Td (Gr) Tj ET Q q 0 0 0 rg BT 290.23 134.03 Td (oss) Tj ET Q q 0 0 0 rg BT 305.14 134.03 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.90 120.03 Td (Per) Tj ET Q q 0 0 0 rg BT 374.80 120.03 Td ( Shar) Tj ET Q q 0 0 0 rg BT 397.68 120.03 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.10 134.03 Td (Gr) Tj ET Q q 0 0 0 rg BT 436.23 134.03 Td (oss) Tj ET Q q 0 0 0 rg BT 451.14 134.03 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.90 120.03 Td (Per) Tj ET Q q 0 0 0 rg BT 520.80 120.03 Td ( Shar) Tj ET Q q 0 0 0 rg BT 543.68 120.03 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.55 120.03 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.55 120.03 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 106.92 Td (Real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 105.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 105.92 Td (808,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 105.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.15 105.92 Td (19.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 105.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 105.92 Td (733,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 105.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 105.92 Td (18.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 93.92 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 92.92 Td (98,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 92.92 Td (2.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 92.92 Td (45,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 92.92 Td (1.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 79.92 Td (Debt and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 79.07 Td (\(498,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 79.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 79.07 Td (\(12.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 79.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 79.07 Td (\(379,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 79.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 79.07 Td (\(9.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 79.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 65.92 Td (NA) Tj ET Q q 0 0 0 rg BT 68.80 65.92 Td (V) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.00 64.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 64.92 Td (408,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 64.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 64.92 Td (9.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 64.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 64.92 Td (400,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 64.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 64.92 Td (9.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 52.92 Td (Shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 51.92 Td (41,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 51.92 Td (40,426) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 730.10 Td (Hines Global) Tj ET Q q 0 0 0 rg BT 128.83 730.10 Td (s consolidated balance sheet as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 730.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.26 730.10 Td (includes a liability of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 730.10 Td ($7.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.86 730.10 Td ( related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (distribution and stockholder servicing fees payable to Hines Securities, Inc., \(the "Dealer Manager"\)) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 451.09 725.03 91.37 -9.09 re f /GS0 gs q 0 0 0 rg BT 451.09 718.10 Td ( in future periods with ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 713.03 163.39 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 706.10 Td (respect to shares of its common stock. ) Tj ET Q q 0 0 0 rg BT 207.29 706.10 Td (T) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.39 706.10 Td (he NA) Tj ET Q q 0 0 0 rg BT 238.49 706.10 Td (V) Tj ET Q q 0 0 0 rg BT 245.53 706.10 Td ( per share as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.55 706.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.82 706.10 Td (does not include any liability for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (distribution and stockholder servicing fees that may become payable after) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.68 694.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.94 694.10 Td (, since these fees may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ultimately be paid in certain circumstances, including if Hines Global was liquidated or if there was a listing of its common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 646.10 Td (The valuations of the Company's real properties as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.91 646.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.17 646.10 Td (were reviewed by ) Tj ET Q q 0 0 0 rg BT 444.69 646.10 Td (Altus in accordance with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Company's valuation procedures. Certain key assumptions that were used in the discounted cash flow analysis, which were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (determined by Hines Global REIT) Tj ET Q q 0 0 0 rg BT 187.56 622.10 Td ( II ) Tj ET Q q 0 0 0 rg BT 198.67 622.10 Td (Advisors LP) Tj ET Q q 0 0 0 rg BT 247.85 622.10 Td (, the Company's ) Tj ET Q q 0 0 0 rg BT 314.09 622.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 345.91 622.10 Td (, and reviewed by ) Tj ET Q q 0 0 0 rg BT 418.95 622.10 Td (Altus, are set forth in the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (table based on weighted-averages by property type. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 564.60 191.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 564.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 564.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 564.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 564.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 564.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 564.60 84.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 52.00 538.60 191.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 538.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 538.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 538.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 538.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 538.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 538.60 84.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 564.6 m 300 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 564.6 m 357 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 564.6 m 414 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 564.6 m 471 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 564.6 m 559 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 564.6 m 300 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 564.6 m 357 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 564.6 m 414 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 564.6 m 471 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 564.6 m 559 564.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.45 569.28 Td (Office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.10 569.28 Td (Industrial) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.70 569.28 Td (Retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.85 578.33 Td (Multi-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.50 568.33 Td (Family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.05 579.28 Td (W) Tj ET Q q 0 0 0 rg BT 504.50 579.28 Td (eighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.20 569.28 Td (A) Tj ET Q q 0 0 0 rg BT 493.68 569.28 Td (verageBasis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 555.17 Td (Capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.05 556.17 Td (6.19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.05 556.17 Td (5.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.05 556.17 Td (6.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.55 556.17 Td (5.51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 556.17 Td (6.07%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 543.17 Td (Discount rate / internal rate of return \(IRR\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.05 543.17 Td (6.99%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.05 543.17 Td (8.61%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.05 543.17 Td (7.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.55 543.17 Td (4.54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 543.17 Td (6.59%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 530.17 Td (A) Tj ET Q q 0 0 0 rg BT 62.98 530.17 Td (verage holding period \(years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.75 529.17 Td (8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.25 529.17 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.25 529.17 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.75 530.17 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.25 529.17 Td (9.4) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.67 502.10 Td ( change in the rates used would impact the calculation of the value of the Company's real properties. For example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (assuming all other factors remain constant, the changes listed below would result in the following ef) Tj ET Q q 0 0 0 rg BT 450.83 490.10 Td (fects on the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Company's real properties:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 432.60 101.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 432.60 66.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 432.60 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 432.60 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 432.60 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 432.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 432.60 5.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 432.60 76.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 385.60 101.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 385.60 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 385.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 385.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 385.60 62.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 385.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 385.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 385.60 76.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 432.6 m 150.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 432.6 m 221.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 432.6 m 288.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 432.6 m 355.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 432.6 m 422.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 432.6 m 480.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 432.6 m 561.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 432.6 m 288.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 432.6 m 355.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 432.6 m 422.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 432.6 m 480.5 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 432.6 m 561.5 432.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 437.28 Td (Input) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.00 447.28 Td (Hypothetical) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.10 437.28 Td (Change) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.45 437.28 Td (Office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.10 437.28 Td (Industrial) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.70 437.28 Td (Retail) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.35 446.33 Td (Multi-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.00 436.33 Td (Family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.55 447.28 Td (W) Tj ET Q q 0 0 0 rg BT 511.00 447.28 Td (eighted-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.95 437.28 Td (A) Tj ET Q q 0 0 0 rg BT 497.43 437.28 Td (verage) Tj ET Q q 0 0 0 rg BT 528.06 437.28 Td (V) Tj ET Q q 0 0 0 rg BT 534.37 437.28 Td (alues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 423.17 Td (Capitalization rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.17 Td (\(weighted-average\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.55 423.72 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.25 413.72 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.05 418.72 Td (3.04%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.05 418.72 Td (3.29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 418.72 Td (2.21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.05 418.72 Td (4.38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 418.72 Td (3.17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.55 400.17 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 390.17 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 395.22 Td (\(2.80\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.75 395.22 Td (\(3.01\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.75 395.22 Td (\(2.05\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.75 395.22 Td (\(4.01\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.75 395.22 Td (\(2.91\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.17 Td (Discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 367.17 Td (\(weighted-average\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.55 377.17 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.25 367.17 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.05 372.22 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.05 372.22 Td (1.58%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 372.22 Td (1.81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.05 372.22 Td (2.04%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.05 372.22 Td (1.80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.55 354.17 Td (0.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 344.17 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.75 349.22 Td (\(1.71\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.75 349.22 Td (\(1.55\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.75 349.22 Td (\(1.77\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.75 349.22 Td (\(1.91\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.75 349.22 Td (\(1.75\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Item 9.01 Financial Statements and Exhibits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (\(d\) Exhibits:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 269.93339843750005 m 99.6650390625 269.93339843750005 l s q 0 0 0 rg BT 53.00 271.27 Td (Exhibit No.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 269.93339843750005 m 157.6552734375 269.93339843750005 l s q 0 0 0 rg BT 111.00 271.27 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 257.17 Td (99.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 257.17 Td (V) Tj ET Q q 0 0 0 rg BT 117.11 257.17 Td (aluation Policy and Procedures \(filed as Exhibit 99.1 to the Registrant's Current Report on Form 8-K on ) Tj ET Q q 0 0 0 rg BT 534.40 257.17 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 247.17 Td (16, 2018, and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.17 Td (99.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 232.17 Td (Consent of Independent ) Tj ET Q q 0 0 0 rg BT 208.85 232.17 Td (V) Tj ET Q q 0 0 0 rg BT 214.96 232.17 Td (aluer) Tj ET Q q 0 0 0 rg BT 234.55 232.17 Td (, ) Tj ET Q q 0 0 0 rg BT 239.00 232.17 Td (Altus Group U.S. Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 203.10 Td (This Current Report on Form 8-K contains forward-looking statements \(including, without limitation, statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (concerning the NA) Tj ET Q q 0 0 0 rg BT 124.79 191.10 Td (V) Tj ET Q q 0 0 0 rg BT 131.84 191.10 Td ( per share, assumptions made in determining the NA) Tj ET Q q 0 0 0 rg BT 340.78 191.10 Td (V) Tj ET Q q 0 0 0 rg BT 347.82 191.10 Td ( per share, future payments of cash distributions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (future reinvestments of cash distributions and future redemptions\) that are based on the Company) Tj ET Q q 0 0 0 rg BT 442.95 179.10 Td (s current expectations, plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (estimates, assumptions, and beliefs that involve numerous risks and uncertainties, including, without limitation, the Company) Tj ET Q q 0 0 0 rg BT 555.20 167.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (ability to maintain occupancy levels and lease rates at its properties, the Company) Tj ET Q q 0 0 0 rg BT 380.73 155.10 Td (s ability to repay or successfully refinance its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (debt obligations, the future operating performance of the Company) Tj ET Q q 0 0 0 rg BT 320.75 143.10 Td (s investments, the Company) Tj ET Q q 0 0 0 rg BT 436.30 143.10 Td (s ability to fund redemptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (as requested, and those risks set forth in the Risk Factors section of the Company) Tj ET Q q 0 0 0 rg BT 386.32 131.10 Td (s ) Tj ET Q q 0 0 0 rg BT 392.16 131.10 Td (Annual Report on Form10-K for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (ended December31, 2017, as amended or supplemented by the Company) Tj ET Q q 0 0 0 rg BT 347.14 119.10 Td (s other filings with the Securities and Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 105.01 107.10 Td (Although these forward-looking statements reflect management) Tj ET Q q 0 0 0 rg BT 362.99 107.10 Td (s belief as to future events, actual events or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 95.10 Td (s investments and results of operations could dif) Tj ET Q q 0 0 0 rg BT 284.51 95.10 Td (fer materially from those expressed or implied in these forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (looking statements. ) Tj ET Q q 0 0 0 rg BT 130.09 83.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.50 83.10 Td (o the extent that the Company) Tj ET Q q 0 0 0 rg BT 258.53 83.10 Td (s assumptions dif) Tj ET Q q 0 0 0 rg BT 327.79 83.10 Td (fer from actual results, the Company) Tj ET Q q 0 0 0 rg BT 477.19 83.10 Td (s ability to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (such forward-looking statements may be significantly hindered. Stockholders are cautioned not to place undue reliance on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (forward-looking statements. ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 742.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 742.25 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 276.05 718.25 Td (Act of 1934, the registrant has duly caused this report to be signed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (its behalf by the undersigned hereunto duly authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 617.75 m 353.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 617.75 m 402.5 617.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 650.32 Td (Hines Global Income ) Tj ET Q q 0 0 0 rg BT 267.94 650.32 Td (T) Tj ET Q q 0 0 0 rg BT 273.78 650.32 Td (rust, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 622.32 Td (October 17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 621.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 621.42 Td (/s/ J. Shea Mor) Tj ET Q q 0 0 0 rg BT 273.91 621.42 Td (genroth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 607.42 Td (Name: J. Shea Mor) Tj ET Q q 0 0 0 rg BT 291.03 607.42 Td (genroth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 593.87 Td (T) Tj ET Q q 0 0 0 rg BT 219.76 593.87 Td (itle: Chief ) Tj ET Q q 0 0 0 rg BT 261.97 593.87 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 321.50 593.87 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 359.07 593.87 Td (T) Tj ET Q q 0 0 0 rg BT 364.83 593.87 Td (reasurer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 99.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 707.65 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 262.86 707.65 Td ( OF) Tj ET Q q 0 0 0 rg BT 278.88 707.65 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 353.99 707.65 Td ( ) Tj ET Q q 0 0 0 rg BT 356.31 707.65 Td (V) Tj ET Q q 0 0 0 rg BT 362.24 707.65 Td (ALUER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.45 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 672.45 Td (e hereby consent to the references to our name and the opinions we have delivered to Hines Global Income ) Tj ET Q q 0 0 0 rg BT 489.14 672.45 Td (T) Tj ET Q q 0 0 0 rg BT 494.89 672.45 Td (rust, Inc. and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.05 Td (description of our role in the valuation process of Hines Global Income ) Tj ET Q q 0 0 0 rg BT 337.52 658.05 Td (T) Tj ET Q q 0 0 0 rg BT 343.28 658.05 Td (rust, Inc., and its subsidiaries \(collectively) Tj ET Q q 0 0 0 rg BT 511.47 658.05 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.65 Td (Company\) being included or incorporated by reference in the Registration Statement on Form S-3 \(No. 333-220046\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (Hines Global Income ) Tj ET Q q 0 0 0 rg BT 137.85 629.25 Td (T) Tj ET Q q 0 0 0 rg BT 143.61 629.25 Td (rust, Inc., and the related Prospectus, by being filed on a Current Report on Form 8-K of Hines Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.85 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.30 614.85 Td (T) Tj ET Q q 0 0 0 rg BT 88.06 614.85 Td (rust, Inc., on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.83 614.85 Td (October17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.54 614.85 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.05 Td (In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.65 Td (7 of the Securities ) Tj ET Q q 0 0 0 rg BT 124.43 571.65 Td (Act of 1933.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 497.55 m 539.5 497.55 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 502.12 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 372.67 502.12 Td (Altus Group U.S., Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 489.12 Td (Altus Group U.S., Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 475.12 Td (October 17, 2018) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> /View <>>>>> endobj 14 0 obj <> /View <>>>>> endobj 15 0 obj <> endobj 16 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;