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He served as the Chief Executive Officer, President and a director of Grubb & Ellis Company (“Grubb & Ellis”), our former sponsor, from December 2007 to July 2008, and as the Chief Executive Officer, President and director of NNN Realty Advisors, a wholly owned subsidiary of Grubb & Ellis, from its formation in September 2006. Peters served as Executive Vice President and Chief Financial Officer of Triple Net Properties, Inc. from 2005 to 2006, having previously served as the company’s Executive Vice President and Chief Financial Officer from September 2004. Peters served as Senior Vice President, Chief Financial Officer and a director of Golf Trust of America, Inc. Peters serves as Chairman of the Board, President, Chief Executive Officer of the Company. Peters served as a director of NNN Apartment REIT, Inc. Peters served as President and Chief Executive Officer of G REIT, Inc. S., the United Kingdom, France, Germany, Poland, Russia and Australia.6.5% annualized distribution rate is based on the .03 per share estimated NAV and assumes the daily distribution rate (

degree in Accounting and Finance from Kent State University. He served as the Company’s Executive Vice President of Corporate Finance and Capital Markets since July 2014, before which time he served as the Senior Vice President of Corporate Finance from January 2013 to July 2014 and the Director of Finance from January 2012 to January 2013. Prior to joining Glenborough, from August 2005 to August 2006, Ms. He formed a variety of strategic joint ventures and has a global market perspective having spent three years in Mexico and three years in London with GE Capital. He is on the Board of Directors at California Institute of Technology and Daily Journal Corp. Kaufman also served on the board at Wesco Financial Corp. Kaufman is Chairman & Chief Executive Officer at Glenair, Inc. Bradley Blair, II serves as Lead Independent Director of the Company. degree in Business from Indiana University in Bloomington, Indiana and a Juris Doctorate degree from the University of North Carolina School of Law. Blair is a member of the American Bar Association and the North Carolina Bar Association. He has served as an independent director of the Company since September 2006. De Wald was with the international accounting and auditing firm of KPMG, LLP, where he served at various times as an audit partner, a member of their board of directors and the managing partner of the Orange County, Los Angeles, and Chicago offices. De Wald has served as Chairman and director of both the United Way of Greater Los Angeles and the United Way of Orange County California. S., and was a member of the GE Corporate Executive Council. Henson was responsible for the restructuring of GE Capital’s Lending and Leasing businesses after the 2008 financial crisis, where he merged ten product platforms into a single segment, leveraging shared functional leadership and operational centers of excellence and reducing expenses. Henson has been acknowledged for successfully implementing and achieving strategic growth initiatives. Since 1998 he has served as an executive consultant with D. De Wald serves as Independent Director of the Company. Prior to that, he served as Chief Marketing Officer for the General Electric Company. Henson ran the largest segment of the biggest non-bank financial institution in the U. Mathis serves as Independent Director of the Company. From October 1999 to December 2001, he was a partner in Warmington Wescombe Realty Partners in Costa Mesa, California, where he focused on real estate investments and financing strategies. Wescombe was a partner with Ernst & Young, LLP (previously Kenneth Leventhal & Company) from 1970 to 1999. “When we first launched Hines REIT in 2003, it was structured as a perpetual life vehicle, much like many institutional funds,” said Sherri Schugart, president and CEO of Hines REIT.

.0017808 per share, per day) declared since January 2015 is maintained for one year.Our cash flows from operations have been and may continue to be insufficient to fully years ended December 31, 20, respectively, with cash flows from financing activities, which may include proceeds from our public offerings and proceeds from our debt financings. Angeles Partners IX Angeles Partners VII Angeles Partners VIII Angeles Partners X Angeles Partners XI Angeles Partners XII Angeles Partners XIII Angeles Partners XIV Angeles Partners XV Angeles Partners XVI Anson Street Associates LP Apache Grove Land Program 1970 Apache Grove Land Program 1972 Apache Offshore Partnership Apple REITs APT Housing Partners L. Arbor Village Apartments Ares Serono Research and Development L. Angeles Park Communities Angeles Park Communitites, Ltd. Armored Storage II Armored Storage Income Investors Armored Storage Income Investors 2 Armored Storage Income Investors L.

degree in Accounting and Finance from Kent State University. He served as the Company’s Executive Vice President of Corporate Finance and Capital Markets since July 2014, before which time he served as the Senior Vice President of Corporate Finance from January 2013 to July 2014 and the Director of Finance from January 2012 to January 2013. Prior to joining Glenborough, from August 2005 to August 2006, Ms. He formed a variety of strategic joint ventures and has a global market perspective having spent three years in Mexico and three years in London with GE Capital. He is on the Board of Directors at California Institute of Technology and Daily Journal Corp. Kaufman also served on the board at Wesco Financial Corp. Kaufman is Chairman & Chief Executive Officer at Glenair, Inc. Bradley Blair, II serves as Lead Independent Director of the Company. degree in Business from Indiana University in Bloomington, Indiana and a Juris Doctorate degree from the University of North Carolina School of Law. Blair is a member of the American Bar Association and the North Carolina Bar Association. He has served as an independent director of the Company since September 2006. De Wald was with the international accounting and auditing firm of KPMG, LLP, where he served at various times as an audit partner, a member of their board of directors and the managing partner of the Orange County, Los Angeles, and Chicago offices. De Wald has served as Chairman and director of both the United Way of Greater Los Angeles and the United Way of Orange County California. S., and was a member of the GE Corporate Executive Council. Henson was responsible for the restructuring of GE Capital’s Lending and Leasing businesses after the 2008 financial crisis, where he merged ten product platforms into a single segment, leveraging shared functional leadership and operational centers of excellence and reducing expenses. Henson has been acknowledged for successfully implementing and achieving strategic growth initiatives. Since 1998 he has served as an executive consultant with D. De Wald serves as Independent Director of the Company. Prior to that, he served as Chief Marketing Officer for the General Electric Company. Henson ran the largest segment of the biggest non-bank financial institution in the U. Mathis serves as Independent Director of the Company. From October 1999 to December 2001, he was a partner in Warmington Wescombe Realty Partners in Costa Mesa, California, where he focused on real estate investments and financing strategies. Wescombe was a partner with Ernst & Young, LLP (previously Kenneth Leventhal & Company) from 1970 to 1999. “When we first launched Hines REIT in 2003, it was structured as a perpetual life vehicle, much like many institutional funds,” said Sherri Schugart, president and CEO of Hines REIT.

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