1Based on Hines Global REIT’s pro-rata share of the estimated value of each investment as of December 31, 2018, and also includes the effect of the sales of 550 Terry Francois and 55M Street, both of which occurred in the first quarter of 2019. The estimated remaining values of Hines Global REIT's real estate property investments were based on their appraised values as of December 31, 2018.
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