1Based on Hines Global REIT’s pro-rata share of the estimated value of each investment as of September 30, 2017. The estimated remaining values of Hines Global REIT’s real estate property investments were based on their appraised values as of December 31, 2016. Values of Hines Global REIT’s real estate-related debt investments were based on the amounts outstanding under each loan as of September 30, 2017.
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