Hines Real Estate Investment Trust Inactive 10-Q13 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	8-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Hines Real Estate Investment Trust Inc	'
Entity Central Index Key	'0001262959	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	226.8

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ASSETS:	'	'
Investment property, net	$1,826,558	$1,256,579
Investments in unconsolidated entities	226,479	393,695
Cash and cash equivalents	82,349	133,472
Restricted cash	119,433	119,786
Distributions receivable	3,888	3,888
Tenant and other receivables, net	49,761	44,953
Intangible lease assets, net	188,800	69,911
Deferred leasing costs, net	121,436	125,195
Deferred financing costs, net	3,267	3,272
Other assets	3,782	31,972
TOTAL ASSETS	2,625,753	2,182,723
LIABILITIES:	'	'
Accounts payable and accrued expenses	65,765	67,007
Due to affiliates	4,145	3,686
Intangible lease liabilities, net	35,650	9,846
Other liabilities	17,689	11,128
Interest rate swap contracts	61,911	67,652
Participation interest liability	96,458	91,376
Distributions payable	15,238	15,672
Notes payable	1,185,597	795,715
Total liabilities	1,482,453	1,062,082
Commitments and contingencies (Note 13)	'	'
EQUITY:	'	'
Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or outstanding as of March 31, 2014 and December 31, 2013	'	'
Common shares, $.001 par value; 1,500,000 common shares authorized, 227,765 and 229,174 common shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	228	229
Additional paid-in capital	1,131,414	1,150,909
Accumulated deficit	12,300	-29,951
Accumulated other comprehensive income (loss)	-642	-546
Total stockholders' equity	1,143,300	1,120,641
Noncontrolling interests	0	0
Total equity	1,143,300	1,120,641
TOTAL LIABILITIES AND EQUITY	$2,625,753	$2,182,723

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
EQUITY:	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	500,000,000	500,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	227,765,000	229,174,000
Common stock, shares outstanding	227,765,000	229,174,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Rental revenue	$56,030	$40,098
Other revenue	4,026	2,248
Total revenues	60,056	42,346
Expenses:	'	'
Property operating expenses	17,134	13,687
Real property taxes	8,094	6,165
Property management fees	1,526	1,067
Depreciation and amortization	24,726	13,046
Acquisition related expenses	106	0
Asset management and acquisition fees	10,735	8,457
General and administrative	1,957	1,668
Total expenses	64,278	44,090
Income (loss) from continuing operations before other income (expenses), benefit (provision) for income taxes, gain on sale or dissolution of unconsolidated joint venture and equity in earnings (losses) of unconsolidated entities, net	-4,222	-1,744
Other income (expenses):	'	'
Gain (loss) on derivative instruments, net	5,741	6,286
Interest expense	-12,376	-14,061
Interest income	185	184
Income (loss) from continuing operations before benefit (provision) for income taxes, gain on sale or dissolution of unconsolidated joint venture and equity in earnings (losses) of unconsolidated entities, net	-10,672	-9,335
Benefit (provision) for income taxes	-89	-67
Gain (loss) on sale or dissolution of unconsolidated joint venture	11,311	15,965
Equity in earnings (losses) of unconsolidated entities, net	40,945	2,595
Income (loss) from continuing operations	41,495	9,158
Income (loss) from discontinued operations, net of taxes	-183	148,661
Gain (loss) on sale of real estate investments	1,013	0
Net income (loss)	42,325	157,819
Less: Net income attributable to noncontrolling interests	-74	-138
Net income (loss) attributable to common stockholders	42,251	157,681
Basic and diluted income (loss) per common share (in dollars per share)	$0.19	$0.68
Distributions declared per common share (in dollars per share)	$0.07	$0.12
Weighted average number of common shares outstanding	227,765	232,870
Net comprehensive income (loss):	'	'
Net income (loss)	42,325	157,819
Other comprehensive income (loss):	'	'
Foreign currency translation adjustment	-96	1,574
Net comprehensive income (loss)	42,229	159,393
Net comprehensive income (loss) attributable to noncontrolling interests	-74	-138
Net comprehensive income (loss) attributable to common stockholders	$42,155	$159,255

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interests [Member]
In Thousands, unless otherwise specified	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Balance at Dec. 31, 2012	'	$232	$1,433,567	($378,017)	($1,961)	$1,053,821	$0
Balance, shares at Dec. 31, 2012	'	231,680	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common shares, shares	'	1,530	'	'	'	'	'
Issuance of common shares	'	2	11,630	'	'	11,632	'
Redemption of common shares, shares	'	-340	'	'	'	'	'
Redemption of common shares	'	'	-2,967	'	'	-2,967	'
Distributions declared	'	'	-216,096	'	'	-216,096	-138
Other offering costs, net	'	'	-28	'	'	-28	'
Net income (loss)	157,681	'	'	157,681	'	157,681	138
Foreign currency translation adjustment	'	'	'	'	628	628	'
Reclassification of foreign currency translation adjustment to earnings	'	'	'	'	946	946	'
Balance at Mar. 31, 2013	'	234	1,226,106	-220,336	-387	1,005,617	0
Balance, shares at Mar. 31, 2013	'	232,870	'	'	'	'	'
Balance at Dec. 31, 2013	1,120,641	229	1,150,909	-29,951	-546	1,120,641	0
Balance, shares at Dec. 31, 2013	229,174	229,174	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common shares, shares	'	908	'	'	'	'	'
Issuance of common shares	'	1	5,810	'	'	5,811	'
Redemption of common shares, shares	'	-2,317	'	'	'	'	'
Redemption of common shares	'	-2	-10,140	'	'	-10,142	'
Distributions declared	'	'	-15,165	'	'	-15,165	-74
Net income (loss)	42,251	'	'	42,251	'	42,251	74
Foreign currency translation adjustment	'	'	'	'	-96	-96	'
Balance at Mar. 31, 2014	$1,143,300	$228	$1,131,414	$12,300	($642)	$1,143,300	$0
Balance, shares at Mar. 31, 2014	227,765	227,765	'	'	'	'	'

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	$42,325	$157,819
Adjustments to reconcile net income (loss) to cash from operating activities:	'	'
Depreciation and amortization	28,866	22,012
(Gain) loss on sale of real estate investments and discontinued operations	-1,013	-143,952
(Gain) loss on sale or dissolution of unconsolidated joint venture	-11,311	-15,965
Equity in (earnings) losses of unconsolidated entities, net	-40,945	-2,595
Distributions received from unconsolidated entities	40,945	0
(Gain) loss on derivative instruments, net	-5,741	-6,286
Net change in operating accounts	-2,342	-32,251
Net cash from operating activities	50,784	-21,218
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Distributions received from unconsolidated entities in excess of equity in earnings	10,891	6,165
Investments in acquired properties and lease intangibles	-474,912	0
Capital expenditures at operating properties	-1,307	-2,884
Proceeds from sale of real estate investments	7,902	436,551
Change in restricted cash	353	835
Net cash from investing activities	-457,073	440,667
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Change in security deposits	602	16
Redemption of common shares	-12,974	-2,588
Payments of offering costs	-12	-28
Distributions paid to stockholders and noncontrolling interests	-9,861	-17,942
Proceeds from notes payable	425,000	360,000
Payments on notes payable	-46,648	-517,639
Additions to deferred financing costs	-850	-1,660
Net cash from financing activities	355,257	-179,841
Effect of exchange rate changes on cash	-91	-42
Net change in cash and cash equivalents	-51,123	239,566
Cash and cash equivalents, beginning of period	133,472	72,230
Cash and cash equivalents, end of period	$82,349	$311,796

Organization

Organization	3 Months Ended
Organization	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
ORGANIZATION	'
	Organization

	The accompanying interim unaudited condensed consolidated financial information has been prepared according to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted according to such rules and regulations. For further information, refer to the financial statements and footnotes for the year ended December 31, 2013 included in Hines Real Estate Investment Trust, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2013. In the opinion of management, all adjustments and eliminations, consisting only of normal recurring adjustments, necessary to present fairly and in conformity with GAAP the financial position of Hines Real Estate Investment Trust, Inc. as of March 31, 2014 and the results of operations for the three months ended March 31, 2014 and 2013 and cash flows for the three months ended March 31, 2014 and 2013 have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year.

	Hines Real Estate Investment Trust, Inc., a Maryland corporation (“Hines REIT” and, together with its consolidated subsidiaries, the “Company”), was formed on August 5, 2003 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in and owning interests in real estate. Beginning with its taxable year ended December 31, 2004, the Company operated and intends to continue to operate in a manner to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is structured as an umbrella partnership REIT under which substantially all of the Company’s current and future business is and will be conducted through its majority-owned subsidiary, Hines REIT Properties, L.P. (the “Operating Partnership”). Hines REIT is the sole general partner of the Operating Partnership. Subject to certain restrictions and limitations, the business of the Company is managed by Hines Advisors Limited Partnership (the “Advisor”), an affiliate of Hines Interests Limited Partnership (“Hines”), pursuant to the advisory agreement between the Company and the Advisor (the “Advisory Agreement”).

	Public Offering

	Hines REIT has raised approximately $2.7 billion through public offerings of its common stock, including shares of its common stock offered pursuant to its dividend reinvestment plan, since Hines REIT commenced its initial public offering in June 2004. The Company commenced a $150.0 million offering of shares of its common stock under its dividend reinvestment plan on July 1, 2010, which closed on June 30, 2012, immediately prior to the commencement of the Company’s new $300.0 million offering of shares of its common stock under its dividend reinvestment plan on July 1, 2012. The Company refers to both offerings of shares under its dividend reinvestment plan collectively as the “DRP Offering.” From inception of the DRP Offering through March 31, 2014, Hines REIT received gross offering proceeds of $166.8 million from the sale of 20.6 million shares through the DRP Offering. Based on market conditions and other considerations, the Company does not currently expect to commence any future offerings other than those related to shares issued under its dividend reinvestment plan. On April 1, 2014, Hines REIT received gross offering proceeds of $5.6 million from the sale of 0.9 million shares through the DRP Offering.

	Hines REIT contributes all net proceeds from its public offerings to the Operating Partnership in exchange for partnership units in the Operating Partnership. As of March 31, 2014 and December 31, 2013, Hines REIT owned a 93.5% and 93.8% general partner interest, respectively, in the Operating Partnership. Hines 2005 VS I LP, an affiliate of Hines, owned a 0.5% limited partnership interest in the Operating Partnership as of both March 31, 2014 and December 31, 2013. In addition, another affiliate of Hines, HALP Associates Limited Partnership (“HALP”), owned a 6.0% and 5.7% profits interest (the “Participation Interest”) in the Operating Partnership as of March 31, 2014 and December 31, 2013, respectively.

	Investment Property

	As of March 31, 2014, the Company owned direct and indirect investments in 39 properties. These properties consisted of 30 U.S. office properties, one industrial property in Dallas, Texas and a portfolio of eight grocery-anchored shopping centers located in four states primarily in the southeastern United States. See below for additional information regarding the Grocery-Anchored Portfolio.

	The Company makes investments directly through entities that are wholly-owned by the Operating Partnership, or indirectly through other entities, such as through its investment in Hines US Core Office Fund LP (the “Core Fund”) in which it owned a 28.8% non-managing general partner interest as of both March 31, 2014 and December 31, 2013. The Company accounts for its investment in the Core Fund using the equity method of accounting.

	In January 2014, the Company dissolved its joint venture with Weingarten Realty Investors (“Weingarten”), through which the Company and Weingarten held a portfolio of 12 grocery-anchored shopping centers (the “Grocery-Anchored Portfolio”). As a result of the dissolution of the joint venture, eight of the Grocery-Anchored Portfolio properties were distributed to the Company and the remaining four Grocery-Anchored Portfolio properties were distributed to Weingarten and an additional $0.4 million in cash was paid to the Company by Weingarten (“Grocery-Anchored Portfolio Transaction”). As a result of this transaction, the Company has consolidated the eight properties as of March 31, 2014. As of December 31, 2013, the Company owned a 70% interest in the Grocery-Anchored Portfolio, which was previously accounted for as an equity method investment. See Note 4 — Recent Acquisitions of Real Estate for additional information regarding the Grocery-Anchored Portfolio Transaction.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Summary of Significant Accounting Policies

	Described below are certain of the Company’s significant accounting policies. The disclosures regarding several of the policies have been condensed or omitted in accordance with interim reporting regulations specified by Form 10-Q. Please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 for a complete listing of all of its significant accounting policies.

	Basis of Presentation

	The condensed consolidated financial statements of the Company included in this quarterly report include the accounts of Hines REIT, the Operating Partnership and the Operating Partnership’s wholly-owned subsidiaries as well as the related amounts of noncontrolling interests. All intercompany balances and transactions have been eliminated in consolidation.

	The Company’s investments in partially-owned real estate joint ventures and partnerships are reviewed for impairment periodically. The Company will record an impairment charge if it determines that a decline in the value of an investment below its carrying value is other than temporary. The Company’s analysis will be dependent on a number of factors, including the performance of each investment, current market conditions, and its intent and ability to hold the investment to full recovery. Based on the Company’s analysis of the facts and circumstances at each reporting period, no impairment was recorded related to its investment in the Core Fund for the three months ended March 31, 2014 and 2013. Further, no impairment was recorded related to the Company’s investment in the Grocery-Anchored Portfolio for the three months ended March 31, 2013. The Company dissolved its joint venture with Weingarten in January 2014. See Note 1 — Organization — Investment Property for additional information regarding the Grocery-Anchored Portfolio Transaction. However, if market conditions deteriorate in the future and result in lower valuations or reduced cash flows of the Company’s remaining investment in the Core Fund, impairment charges may be recorded in future periods.

	International Operations

	In addition to its properties in the United States, the Company has owned investments in Canada and Brazil, although the Company no longer owned any investments outside the United States as of March 31, 2014. Upon the January 2013 disposal of the Company’s investment in Distribution Park Rio, a property in Brazil that the Company owned indirectly, the Company realized a loss of $0.9 million related to the currency translation adjustment as a result of the disposal. Accumulated other comprehensive income (loss) as of March 31, 2014 is related to the remaining non-operating net assets of the disposed directly-owned properties in Brazil and Canada.

	Impairment of Investment Property

	Real estate assets are reviewed for impairment in each reporting period if events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the current and projected cash flows of each property on an undiscounted basis to the carrying amount of such property. If undiscounted cash flows are less than the carrying amount, such carrying amount would be adjusted, if necessary, to estimated fair values to reflect impairment in the value of the asset. See Note 14 — Fair Value Disclosures for additional information regarding the Company’s policy for determining fair values of its investment property. No impairment charges were recorded for the three months ended March 31, 2014 and 2013 on the Company’s directly-owned and indirectly-owned properties.

	Tenant and Other Receivables

	Receivable balances outstanding consist primarily of base rents, tenant reimbursements and receivables attributable to straight-line rent. An allowance for the uncollectible portion of tenant and other receivables is determined based upon an analysis of the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Tenant and other receivables are shown at cost in the condensed consolidated balance sheets, net of allowance for doubtful accounts of $4.7 million and $4.6 million at March 31, 2014 and December 31, 2013, respectively.

	Deferred Leasing Costs

	Tenant inducement amortization was $4.0 million and $4.5 million for the three months ended March 31, 2014 and 2013, respectively, and was recorded as an offset to rental revenue. In addition, the Company recorded $1.3 million and $1.7 million as amortization expense related to other direct leasing costs for the three months ended March 31, 2014 and 2013, respectively.

	Other Assets

	Other assets included the following (in thousands):


		March 31, 2014		December 31, 2013

	Deposit on investment property (1)	$	—	$	30,000

	Prepaid insurance	220		686

	Prepaid/deferred taxes	2,003		517

	Other	1,559		769

	Total	$	3,782	$	31,972



	-1	In December 2013, the Company funded a $30.0 million deposit related to its acquisition of the Howard Hughes Center which the Company acquired in January 2014.

	Revenue Recognition

	Rental payments are generally paid by the tenants prior to the beginning of each month. As of March 31, 2014 and December 31, 2013, the Company recorded liabilities of $8.6 million and $6.2 million, respectively, related to prepaid rental payments which were included in other liabilities in the accompanying condensed consolidated balance sheets. The Company recognizes rental revenue on a straight-line basis over the life of the lease including rent holidays, if any. Straight-line rent receivable was $41.7 million and $40.9 million as of March 31, 2014 and December 31, 2013, respectively.

	Redemption of Common Stock

	The Company’s share redemption program generally limits the funds available for redemption to the amount of proceeds received from the Company’s dividend reinvestment plan in the prior quarter. The board of directors determined to waive this limitation of the share redemption program and fully honor all eligible requests received for the three months ended March 31, 2014 and year ended December 31, 2013, totaling $10.2 million and $51.2 million, respectively, which was in excess of the $5.8 million and $23.0 million, respectively, received from the issuance of shares pursuant to the dividend reinvestment plan.

	The Company has recorded liabilities of $10.1 million and $12.9 million in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013, respectively, related to shares tendered for redemption and approved by the board of directors, but which were not redeemed until the subsequent month. Such amounts have been included in redemption of common shares in the accompanying consolidated statements of equity based on a redemption price of $5.45 per share for ordinary share redemption requests and $6.40 per share for redemption requests in connection with the death or disability of a stockholder, which prices were determined in connection with the board of directors’ determination of a new net asset value per share in November 2013.

	Reclassifications

	The Company sold Williams Tower, One Wilshire and the Raytheon/DIRECTV buildings during 2013 and reclassified the results of operations for these properties into discontinued operations in the condensed consolidated statements of operations for all periods presented. See Note 5 — Discontinued Operations for additional information.

	Recent Accounting Pronouncements

In February 2013, Financial Accounting Standards Board (“FASB”) issued amendments to provide guidance on the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In March 2013, FASB issued guidance on releasing cumulative translation adjustments when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. In addition, these amendments provide guidance on the release of cumulative translation adjustments in partial sales of equity method investments. The guidance is effective on a prospective basis for fiscal years and interim reporting periods within those years beginning after December 15, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In July 2013, FASB issued amendments to the Accounting Standards Codification (the “Codification”) to provide guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These amendments will be effective for fiscal years, and interim periods within those years, beginning after December 31, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In March 2014, FASB made technical corrections and improvements related to glossary terms in the Codification. The amendments were effective upon issuance and did not have a material impact on the Company’s financial statements.

In April 2014, FASB issued amendments to the Codification to provide guidance on reporting discontinued operations. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 31, 2014 and early adoption is permitted. The Company has elected to adopt these amendments early effective January 1, 2014 and, as a result, did not report any sales of real estate investment property in discontinued operations for the quarter ended March 31, 2014. See Note 3 — Real Estate Investments for additional information regarding the sale of a building in the Minneapolis Office/Flex Portfolio that did not qualify as discontinued operations as of March 31, 2014.

Real_Estate_Investments_Notes

Real Estate Investments (Notes)	3 Months Ended
	Mar. 31, 2014
Real Estate [Abstract]	'
Real Estate Investments	'
	Real Estate Investments

	Investment property consisted of the following (in thousands):



		March 31, 2014			December 31, 2013
	Buildings and improvements	$	1,563,045		$	1,185,833

	Less: accumulated depreciation	(187,720		)	(178,720		)
	Buildings and improvements, net	1,375,325			1,007,113

	Land	451,233			249,466

	Investment property, net	$	1,826,558		$	1,256,579


	In March 2014, the Company sold a building in its Minneapolis Office/Flex Portfolio for a contract sales price of $8.1 million. The Company recognized a gain on sale of this asset of $1.0 million, which was recorded in gain (loss) on sale of real estate investments on the condensed consolidated statements of operations and comprehensive income (loss). See Note 16 — Subsequent Events for a description of the sale of the remaining buildings in the Minneapolis Office/Flex Portfolio.

	Lease Intangibles

	As of March 31, 2014, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases			Out-of-Market			Out-of-Market
					Lease Assets			Lease Liabilities
	Cost	$	286,805		$	45,155		$	68,917

	Less: accumulated amortization	(120,236		)	(22,924		)	(33,267		)
	Net	$	166,569		$	22,231		$	35,650


	As of December 31, 2013, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases			Out-of-Market			Out-of-Market Lease Liabilities
					Lease Assets
	Cost	$	163,661		$	38,721		$	41,824

	Less: accumulated amortization	(110,412		)	(22,059		)	(31,978		)
	Net	$	53,249		$	16,662		$	9,846


	Amortization expense of in-place leases was $13.5 million and $5.3 million for the three months ended March 31, 2014 and 2013, respectively, and amortization of out-of-market leases, net, increased rental revenue by $0.7 million and $0.9 million, respectively.

	Expected future amortization of in-place leases and out-of-market leases, net, including out-of-market ground leases for the period from April 1, 2014 through December 31, 2014 and for each of the years ended December 31, 2015 through 2018 is as follows (in thousands):



		In-Place Leases			Out-of-Market Leases, Net
	April 1, 2014 through December 31, 2014	$	35,550		$	(1,975	)

	2015	37,470			(1,946		)

	2016	27,032			(693		)

	2017	18,646			678

	2018	14,106			342


Leases

In connection with its directly-owned properties, the Company has entered into non-cancelable lease agreements with tenants for space. As of March 31, 2014, the approximate fixed future minimum rentals for the period from April 1, 2014 through December 31, 2014, for each of the years ended December 31, 2015 through 2018 and thereafter are as follows (in thousands):



	Fixed Future Minimum Rentals
April 1, 2014 through December 31, 2014	$	131,322

2015	166,288

2016	145,228

2017	120,818

2018	100,720

Thereafter	460,990

Total	$	1,125,366


During the three months ended March 31, 2014 and 2013, the Company did not earn more than 10% of its revenue from any individual tenant.

Recent_Acquisitions_of_Real_Es

Recent Acquisitions of Real Estate Recent Acquisitions of Real Estate	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Recent Acquisitions of Real Estate	'
	Recent Acquisitions of Real Estate

	For the three months ended March 31, 2014, the Company acquired the assets and assumed certain liabilities of nine real estate operating properties located in the United States, for an aggregate net purchase price of $688.9 million.

	The amounts recognized for major assets acquired as of the acquisition date were determined by allocating the purchase price of each property acquired in 2014 as follows (in thousands):



	Property Name		Acquisition Date	Building and Improvements				Land		In-place Lease Intangibles		Out-of-Market Lease Intangibles, Net			Discount related to assumed mortgage loan			Total
	Grocery-Anchored Portfolio (1)		1/1/14	$	102,506			$	63,900	$	24,980	$	(12,670	)	$	(500	)	$	178,216
	Grocery-Anchored Portfolio (1)		1/1/14	$	102,506			$	63,900	$	24,980	$	(12,670	)	$	(500	)	$	178,216
	Howard Hughes Center		1/15/14	$	278,378			$	138,820	$	101,840	$	(8,290	)	$	—		$	510,748
	Howard Hughes Center		1/15/14	$	278,378			$	138,820	$	101,840	$	(8,290	)	$	—		$	510,748


	-1	The Grocery Anchored Portfolio Transaction, which was a step acquisition, was accounted for as a business combination resulting in the assets acquired and liabilities assumed being recorded at fair value as a result of the step acquisition. Prior to the acquisition, the joint venture with Weingarten was considered a variable interest entity and was accounted for under the equity method of accounting, since the Company did not have the ability to direct the significant activities that affect the economic performance of the joint venture. The Company received $0.4 million in cash as a result of the step acquisition and determined the fair value of our previously held interest was $167.2 million. Fair value of the Company’s equity interest was estimated using market-based measurements, including cash flow and other valuation techniques. The fair value measurement is based on both significant inputs for similar assets and liabilities in comparable markets and significant inputs that are not observable in the markets in accordance with our fair value measurements accounting policy. Key assumptions include third-party broker valuation estimates; discount rates ranging from 6.5% to 9.0%; a terminal capitalization rate for similar properties; and factor that the Company believes market participants would consider in estimating fair value. In addition, the Company recognized an $11.3 million gain, which represented the difference between the book value and the fair value of our previously held equity method investment in the joint venture with Weingarten and has been included in the line item, “Gain (loss) on sale or dissolution of unconsolidated joint venture” in the condensed consolidated statement of operations.

	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2014 acquisitions, as of the date of the acquisition, was as follows (in years):


			In-Place Leases	Above-Market Lease Assets		Below-Market Lease Liabilities
	Grocery-Anchored Portfolio		15.4	7.1		39.3
	Howard Hughes Center		4.4	4.7		6.1

	The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the three months ended March 31, 2014, which are included in the Company’s consolidated results of operations for the three months ended March 31, 2014 (in thousands):


	2014 Acquisitions			For the Three Months Ended March 31, 2014
	Grocery -Anchored Portfolio		Revenue	$	4,405
	Grocery -Anchored Portfolio		Revenue	$	4,405
			Net income (loss)	$	827
			Net income (loss)	$	827
	Howard Hughes Center		Revenue	$	10,881
	Howard Hughes Center		Revenue	$	10,881
			Net income (loss)	$	(3,215	)

	The following unaudited consolidated information is presented to give effect to the 2014 acquisitions through March 31, 2014 as if the acquisitions occurred on January 1, 2013. This information excludes activity that is non-recurring and not representative of the Company’s future activity, primarily acquisition fees and expenses of $1.1 million for the three months ended March 31, 2014 and the gain on the dissolution of our joint venture as a result of the Grocery Anchored Portfolio Transaction of $11.3 million for the three months ended March 31, 2014 and the gain on the sale of our investment in Distribution Park Rio of $16.0 million for the three months ended March 31, 2013. The information below is not necessarily indicative of what the actual results of operations would have been had the Company completed these transactions on January 1, 2013, nor does it purport to represent the Company’s future operations (amounts in thousands, except per share amounts):


		For the Three Months Ended March 31,
		Pro Forma 2014			Pro Forma 2013
	Revenue	$	62,232		$	59,807
	Revenue	$	62,232		$	59,807
	Net income (loss) from continuing operations	$	30,352		$	(12,910	)
	Net income (loss) from continuing operations	$	30,352		$	(12,910	)
	Basic and diluted income (loss) from continuing operations per common share	$	0.13		$	(0.06	)
		$	0.13		$	(0.06	)

Discontinued_Operations_Notes

Discontinued Operations (Notes)	3 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	Discontinued Operations

	In 2013, the Company sold Williams Tower, One Wilshire and the Raytheon/DIRECTV buildings. The operating results of these properties have been reclassified and reported as income (loss) from discontinued operations in the condensed consolidated statements of operations and comprehensive income (loss) as follows (in thousands):



		Three Months Ended March 31,
		2014			2013
		(In thousands, except per share amounts)
	Revenues:
	Rental revenue	$	(41	)	$	19,329

	Other revenue	(22		)	3,193

	Total revenues	(63		)	22,522

	Expenses:
	Property operating expenses	126			5,828

	Real property taxes	—			2,497

	Property management fees	(1		)	457

	Depreciation and amortization	—			4,789

	Total expenses	125			13,571

	Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	(188		)	8,951

	Interest expense	—			(4,197		)

	Interest income	5			6

	Benefit (provision) for income taxes	—			(51		)

	Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	(183		)	4,709

	Gain (loss) on sale of discontinued operations	—			143,952

	Income (loss) from discontinued operations	$	(183	)	$	148,661


	The tables below show income (loss) and income (loss) per share attributable to common stockholders allocated between continuing operations and discontinued operations:



		Three Months Ended March 31,
		2014			2013
		(In thousands, except per share amounts)
	Income (loss) from continuing operations attributable to common stockholders	$	42,422		$	17,011

	Income (loss) from discontinued operations attributable to common stockholders	(171		)	140,670

	Net income (loss) attributable to common stockholders	$	42,251		$	157,681


	Basic and diluted income (loss) per share attributable to common stockholders

	Income (loss) from continuing operations	$	0.19		$	0.07

	Income (loss) from discontinued operations	$	—		$	0.6

Investments_in_Unconsolidated_

Investments in Unconsolidated Entities (Notes)	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Investments in Unconsolidated Entities	'
	Investments in Unconsolidated Entities

	As of March 31, 2014 and December 31, 2013, the Company owned indirect investments in 12 and 13 properties, respectively, through its interest in the Core Fund.

	As of December 31, 2013, the Company also owned a 70% interest in the Grocery-Anchored Portfolio, which was accounted for as an equity method investment. In January 2014, the Company completed the Grocery-Anchored Portfolio Transaction. See Note 4 — Recent Acquisitions of Real Estate for additional information regarding the Grocery-Anchored Portfolio Transaction.

	The table below presents the activity of the Company’s unconsolidated entities as of and for the periods presented (in thousands):



		Three Months Ended March 31,
		2014				2013
	Beginning balance	$	393,695			$	329,418

	Distributions declared	(51,836		)		(5,589		)
	Equity in earnings (losses)	40,945				2,595

	Effect of sale or dissolution of unconsolidated joint venture	(156,325		)		(25,536		)
	Ending balance	$	226,479			$	300,888


	Condensed financial information for the Core Fund is summarized as follows (in thousands):



	Condensed Consolidated Balance Sheets for the Core Fund

		March 31, 2014				December 31, 2013
		(In thousands)
	ASSETS
	Cash	$	136,514			$	112,151

	Investment property, net	2,030,803				2,042,690

	Other assets	465,703				590,610

	Total Assets	$	2,633,020			$	2,745,451


	LIABILITIES AND EQUITY

	Debt	$	1,325,982			$	1,327,315

	Other liabilities	198,724				260,460

	Redeemable noncontrolling interests	257,994				268,871

	Equity	850,320				888,805

	Total Liabilities and Equity	$	2,633,020			$	2,745,451


	In 2014, the Core Fund sold one property that was held for sale as of December 31, 2013. In 2013, the Core Fund sold three properties. The results of operations for these properties have been reclassified into discontinued operations for all periods presented, which is reflected in the table below.



	Condensed Consolidated Statements of Operations for the Core Fund

		Three Months Ended March 31,
		2014				2013
		(In thousands)
	Total revenues and gains	$	62,976			$	63,481

Total expenses	65,453				65,498

Income (loss) from continuing operations	(2,477		)		(2,017		)
Income (loss) from discontinued operations	174,155				17,572

Net income (loss)	171,678				15,555

Less (income) loss allocated to noncontrolling interests	(30,579		)		(5,696		)
Net income (loss) attributable to parent	$	141,099			$	9,859


The following discusses items of significance for the periods presented for the Company’s equity method investments:

In January 2014, the Core Fund sold 101 Second Street, an office property located in San Francisco, California, which it acquired in September 2004 for a contract purchase price of $157.0 million. The contract sales price was $297.5 million. As a result of the sale of 101 Second Street, the Core Fund recognized a gain on sale of $174.4 million. As a result of the sale, the Company recognized a gain of $41.9 million, which is included in equity in earnings (losses) of unconsolidated entities, net, in the consolidated statements of operations for the three months ended March 31, 2014.

Due to the deterioration in the financial condition of Douglas Corporate Center, the Core Fund elected to not make debt service payments on the secured, nonrecourse mortgage loan at the property. This resulted in a default, and effective January 2, 2013, a foreclosure on the property by the lender in which the Core Fund relinquished all rights and title to the property and was relieved of the entire value of the mortgage loan.

Debt_Financing_Notes

Debt Financing (Notes)	3 Months Ended
	Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
DEBT FINANCING	'
	Debt Financing

	As of March 31, 2014 and December 31, 2013, the Company had $1.2 billion and $796.9 million of debt outstanding, respectively, with a weighted average years to maturity of 2.1 years and 3.3 years, respectively, and a weighted average interest rate of 4.0% and 5.0%, respectively. The following table includes all of the Company’s outstanding notes payable balances as of March 31, 2014 and December 31, 2013 (in thousands, except interest rates):



	Description		Maturity Date		Interest Rate Description		Interest Rate			Principal Outstanding at March 31, 2014				Principal Outstanding at December 31, 2013
	SECURED MORTGAGE DEBT
	Arapahoe Business Park I		6/11/15		Fixed		5.33	%		$	9,232			$	9,272

	Arapahoe Business Park II		11/11/15		Fixed		5.53	%		9,699				9,744

	1515 S. Street		9/1/16		Fixed		4.25	%		38,485				38,741

	345 Inverness Drive		12/11/16		Fixed		5.85	%		14,642				14,701

	Airport Corporate Center		9/1/21		Fixed		5.14	%		78,344				78,628

	JPMorgan Chase Tower		2/1/16		Variable		2.66	%		155,898				156,798

	Heritage Station		1/1/15		Fixed		5.38	%		5,468				—

	Thompson Bridge Commons		3/1/18		Fixed		6.02	%		5,414				—

	HSH POOLED MORTGAGE FACILITY

	Citymark, 321 North Clark, 1900 and 2000 Alameda		8/1/16		Fixed via swap		5.86	%		185,000				185,000

	3400 Data Drive, 2100 Powell		1/23/17		Fixed via swap		5.25	%		98,000				98,000

	Daytona and Laguna Buildings		5/2/17		Fixed via swap		5.36	%		119,000				119,000

	3 Huntington Quadrangle		7/19/17		Fixed via swap		5.98	%		48,000				48,000

	5th and Bell		8/14/17		Fixed via swap		6.03	%		39,000				39,000

	OTHER NOTES PAYABLE

	JPMorgan Acquisition Credit Agreement (1)		5/15/14		Variable		1.76	%		380,000				—

	TOTAL PRINCIPAL OUTSTANDING									1,186,182				796,884

	Unamortized Discount (2)									(585		)		(1,169		)
	NOTES PAYABLE									$	1,185,597			$	795,715




	-1	See the discussion following the heading “JPMorgan Acquisition Credit Agreement” below for additional information regarding the Company's acquisition credit facility.


	-2	The Company assumed notes payable in connection with various acquisitions, which were recorded at their estimated fair value as of the date of acquisition. The difference between the fair value at acquisition and the principal outstanding is amortized over the term of the related note.

	JPMorgan Acquisition Credit Agreement

	In January 2014, a subsidiary of the Operating Partnership entered into an acquisition credit agreement (the “JPMorgan Acquisition Credit Agreement”) with JPMorgan Chase Bank, N.A. (“Chase”) to establish a $425.0 million unsecured term loan facility (the “Acquisition Credit Facility”). In connection with the acquisition of the Howard Hughes Center in January 2014, the Company borrowed the full capacity under the Acquisition Credit Facility. The Acquisition Credit Facility has a maturity date of May 15, 2014 with two 30-day extension options. Additionally, in connection with this financing, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor pursuant to the Advisory Agreement.

	For the period from January 2014 through March 2014, the Company made draws of approximately $425.0 million and payments of $45.0 million under the Acquisition Credit Facility. See Note 16 — Subsequent Events regarding the agreement the Company entered into with Chase, which replaces the JPMorgan Acquisition Credit Agreement.

	The following table summarizes required principal payments on the Company’s outstanding notes payable for the period from April 1, 2014 through December 31, 2014, for each of the years ended December 31, 2015 through December 31, 2018 and for the period thereafter (in thousands):



	Principal Payments due by Period
	April 1, 2014 through December 31, 2014				2015				2016				2017				2018		Thereafter
Notes Payable	$	382,274		(1)	$	26,851			$	393,297			$	305,642			$	5,790	$	72,328



-1	See Note 16 — Subsequent Events regarding the credit agreement the Company entered into in April 2014. As a result of this agreement, $380.0 million of principal payments are no longer due for the April 1, 2014 through December 31, 2014 period.

The Company is not aware of any instances of noncompliance with financial covenants as of March 31, 2014.

Derivative_Instruments_Notes

Derivative Instruments (Notes)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
DERIVATIVE INSTRUMENTS	'
	Derivative Instruments

	The Company has several interest rate swap transactions with HSH Nordbank AG, New York Branch (“HSH Nordbank”). These swap transactions were entered into as economic hedges against the variability of future interest rates on the Company’s variable interest rate borrowings with HSH Nordbank. The Company has not designated any of its derivative instruments as hedging instruments for accounting purposes. The interest rate swaps have been recorded at their estimated fair value in the accompanying condensed consolidated balance sheets and changes in the fair value were recorded in gain (loss) on derivative instruments, net in the Company’s condensed consolidated statements of operations. See Note 14 — Fair Value Disclosures for additional information.

	The tables below provide additional information regarding each of the Company’s outstanding interest rate swaps (all amounts are in thousands except for interest rates):



	Effective Date	Expiration Date		Notional Amount				Interest Rate Received	Interest Rate Paid
	August 1, 2006	August 1, 2016		$	185,000			LIBOR	5.4575	%

	January 12, 2007	January 12, 2017		$	98,000			LIBOR	4.8505	%

	May 1, 2007	May 1, 2017		$	119,000			LIBOR	4.955	%

	July 17, 2007	July 17, 2017		$	48,000			LIBOR	5.58	%

	July 27, 2007	July 24, 2017		$	39,000			LIBOR	5.58	%


	The Company has not entered into any master netting arrangements with its third-party counterparties and does not offset on its consolidated condensed balance sheets the fair value amounts recorded for derivative instruments. The table below presents the fair value of the Company’s derivative instruments included in “Liabilities-Interest Rate Swap Contracts” on the Company’s condensed consolidated balance sheets, as of March 31, 2014 and December 31, 2013:



		Liability Derivatives Fair Value
	Derivatives not designated as hedging instruments for accounting purposes:	March 31, 2014				31-Dec-13
	Interest rate swap contracts	$	61,911			$	67,652

	Total derivatives	$	61,911			$	67,652


	The table below presents the effects of the changes in fair value of the Company’s derivative instruments in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2014 and 2013:


		Three Months Ended March 31,
		2014				2013
	Gain (loss) on interest rate swap, net	$	5,741			$	6,286

	Total	$	5,741			$	6,286

Distributions_Notes

Distributions (Notes)	3 Months Ended
	Mar. 31, 2014
Distributions [Abstract]	'
DISTRIBUTIONS	'
	Distributions

	With the authorization of its board of directors, the Company declared distributions in the amount of $0.00138082 per share, per day for July 2010 through March 2013, and $0.00041425 of such per share, per day for the period July 2011 through March 2013 were designated by the Company as special distributions which represent a return of a portion of the stockholders’ invested capital and, as such, reduced their remaining investment in the Company. The special distributions were funded with a portion of the proceeds from sales of investment property. The above designation of a portion of the distributions as special distributions does not impact the tax treatment of the distributions to the Company’s stockholders.

	On March 25, 2013, the Company declared a distribution of approximately $198.0 million, resulting in a distribution to stockholders of $0.80 per share that was paid during the three months ended June 30, 2013 to all stockholders of record as of April 2, 2013, which is reflected in the table below. This distribution was designated by the Company as a special distribution, which was a return of a portion of the stockholders’ invested capital and, as such, reduced their remaining investment in the Company. The special distribution represents a portion of the proceeds from the sale of Williams Tower and other strategic asset sales. The special distribution was not subject to reinvestment pursuant to the Company’s dividend reinvestment plan and was paid in cash. In the aggregate, the Company has declared special distributions in total of $1.01 per share.

	Further, with the authorization of its board of directors, the Company declared distributions for April 2013 through May 2014. These distributions were or will be calculated based on stockholders of record each day during this period in an amount equal to $0.00073973 per share, per day and will be paid on the first day of the month following the fiscal quarter to which they relate in cash, or reinvested in stock for those participating in the Company's dividend reinvestment plan. This rate per share, per day, reflects a reduction from the $0.00138082 per share, per day rate that was declared previously, as described above.

	The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for each of the quarters during 2014 and 2013, including the breakout between the distributions paid in cash and those reinvested pursuant to the Company’s dividend reinvestment plan (all amounts are in thousands).


			Stockholders							Noncontrolling Interests
	Distributions for the Three Months Ended		Cash Distributions		Distributions Reinvested		Total Declared			Total Declared
	2014 (1)
	March 31, 2014		$	9,552	$	5,613	$	15,165		$	74

	Total		$	9,552	$	5,613	$	15,165		$	74


	2013 (1)
	December 31, 2013		$	9,786	$	5,811	$	15,597		$	75

	September 30, 2013		9,769		5,902		15,671			75

	June 30, 2013		9,829		5,913		15,742			960

	March 31, 2013		214,893		11,175		226,068		(2)	138

	Total		$	244,277	$	28,801	$	273,078		$	1,248



	-1	Except as noted below, excluded from this table are distributions declared with respect to the Participation Interest (as discussed further in Note 10 — Related Party Transactions). The amount of distributions declared with respect to the Participation Interest for the quarter ended March 31, 2014 was $1.0 million. The distributions declared with respect to the Participation Interest for the quarters ended December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013 were $0.9 million, $0.9 million, $0.9 million and $1.5 million, respectively. Included in the $226.1 million amount declared at March 31, 2013 above is the $10.0 million special distribution declared in March 2013 to the Participation Interest.


	-2	As stated above, a portion of the total distributions declared were designated by the Company as special distributions and funded using proceeds from sales of investment properties, which represented a return of a portion of the stockholders, and noncontrolling interest holders’ invested capital. For the year ended December 31, 2013, $206.7 million of the total distributions declared to the Company’s stockholders and non-controlling interests were paid using such sales proceeds.

Related_Party_Transactions_Not

Related Party Transactions (Notes)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	Related Party Transactions

	The table below outlines fees incurred and expense reimbursements payable to Hines, the Advisor and Hines Securities, Inc. for the three months ended March 31, 2014 and 2013 and outstanding as of March 31, 2014 and December 31, 2013 (all amounts are in thousands).



			Incurred				Unpaid as of
			Three Months Ended March 31,				March 31,		December 31,
	Type and Recipient		2014		2013		2014		2013
	Participation Interest in the Operating Partnership – HALP Associates Limited Partnership (1)		$	6,017	$	4,685	$	96,458	$	91,376


	Due to Affiliates

	Acquisition Fee – the Advisor (2)		1,012		—		—		—

	Asset Management Fee – the Advisor		3,706		3,772		1,232		1,185

	Debt Financing Fee – the Advisor (3)		—		3,600		—		—

	Other – the Advisor		809		833		449		767

	Property Management Fee – Hines		1,399		1,524		410		(16		)

	Leasing Fee – Hines		27		1,443		1,551		1,535

	Tenant Construction Management Fees – Hines		4		17		12		1

	Expense Reimbursements – Hines (with respect to management and operation of the Company’s properties)		4,009		4,188		491		214

	Due to Affiliates						$	4,145	$	3,686



	-1	The Company recorded a liability related to the Participation Interest based on its estimated settlement value in the accompanying condensed consolidated balance sheets. This liability is remeasured at fair value based on the related redemption price in place as of each balance sheet plus any unpaid distributions. As described previously in Note 9 — Distributions, the Company declared an $0.80 special distribution (or $10.0 million, in total, to the Participation Interest) to all stockholders of the Company in March 2013, which represented a reduction in the Participation Interest liability to reflect a return of capital for the period ending March 31, 2013.


	-2	In connection with the acquisition of the Howard Hughes Center, the Company was obligated to pay approximately $5.0 million of acquisition fees to the Advisor, half of which was payable in cash and half of which was payable as an increase to the Participation Interest. The Advisor and HALP, the holder of the Participation Interest, respectively, agreed to waive $1.5 million of the cash acquisition fee and the entire $2.5 million acquisition fee payable related to the Participation Interest.


	-3	In connection with the financing pursuant to the JPMorgan Acquisition Credit Agreement, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor. See Note 7 — Debt Financing for additional information on the debt financing fee waived.

Changes_in_Assets_and_Liabilit

Changes in Assets and Liabilities (Notes)	3 Months Ended
	Mar. 31, 2014
Increase (Decrease) in Operating Capital [Abstract]	'
Changes in Assets and Liabilities	'
	Changes in Assets and Liabilities

	The effect of the changes in asset and liability accounts on cash flows from operating activities for the three months ended March 31, 2014 and 2013 is as follows (in thousands):



		Three Months Ended March 31,
		2014			2013
	Change in other assets	$	(1,810	)	$	(1,056	)
	Change in tenant and other receivables	(5,043		)	(3,096		)
	Change in deferred leasing costs	(2,939		)	(13,119		)
	Change in accounts payable and accrued expenses	900			(20,215		)

	Change in participation interest liability	5,082			3,212

	Change in other liabilities	1,010			(2,404		)

	Change in due to affiliates	458			4,427

	Changes in assets and liabilities	$	(2,342	)	$	(32,251	)

Supplemental_Cash_Flow_Disclos

Supplemental Cash Flow Disclosures (Notes)	3 Months Ended
	Mar. 31, 2014
Supplemental Cash Flow Information [Abstract]	'
SUPPLEMENTAL CASH FLOW DISCLOSURES	'
	Supplemental Cash Flow Disclosures

	Supplemental cash flow disclosures for the three months ended March 31, 2014 and 2013 are as follows (in thousands):



		Three Months Ended March 31,
		2014		2013
	Supplemental Disclosure of Cash Flow Information
	Cash paid for interest	$	11,236	$	15,991

	Cash paid for income taxes	$	—	$	—

	Supplemental Schedule of Non-Cash Activities

	Distributions declared and unpaid	$	15,238	$	226,205

	Distributions reinvested	$	5,811	$	11,631

	Shares tendered for redemption	$	10,095	$	2,967

	Assumption of mortgages upon dissolution of joint venture	$	10,947	$	—

	Noncash net assets acquired upon acquisition of property	$	172,244	$	—

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	Commitments and Contingencies

	The credit agreement for the HSH Nordbank pooled mortgage facility requires that the properties financed by this facility maintain a combined occupancy at or above 85%. As of March 31, 2014, certain properties caused the Company to fail to meet this occupancy requirement. As a result, the facility’s limited payment guaranty to which the Company is a party has been triggered, requiring the Company to commit to fund a property leasing guaranty in an amount that would be required to increase the occupancy of all individual borrowings base assets to 90%. As of March 31, 2014, the Company believes the amount of this potential guaranty obligation is $15.8 million. This guaranty will be discharged once the portfolio of properties financed by this facility achieves a combined occupancy greater than or equal to 85% or once all outstanding payments of interest and principal are paid in full. No liability was recorded in relation to this guaranty, as the Company believes the probability of the Company being required to perform under this guaranty is remote.

	The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. These matters are generally covered by insurance. While the resolution of these matters cannot be predicted with certainty, management believes the final outcome of such matters will not have a material adverse effect on the Company’s condensed consolidated financial statements.

Fair_Value_Disclosures

Fair Value Disclosures

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE DISCLOSURES

Fair Value Disclosures

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Derivative Instruments

The Company records liabilities related to the fair values of its interest rate swap contracts. The valuation of these instruments is determined based on assumptions that management believes market participants would use in pricing, using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of the Company’s interest rate contracts have been determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves.

Although the Company has determined the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparty, HSH Nordbank. In adjusting the fair values of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds and guarantees. However, as of March 31, 2014, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuations of its derivatives. As a result, the Company has determined its derivative valuations are classified in Level 2 of the fair value hierarchy.

The following fair value hierarchy table sets forth the Company’s interest rate swaps which are measured at fair value on a recurring basis, which equals book value, by level within the fair value hierarchy as of March 31, 2014 and December 31, 2013 (in thousands). The Company’s derivative financial instruments are recorded in interest rate swap contracts in the accompanying condensed consolidated balance sheets. The Company has not designated any of its derivative instruments as hedging instruments for accounting purposes.

Basis of Fair Value Measurements

Description

Fair Value

Quoted Prices In Active Markets for Identical Items (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

March 31, 2014

61,911

—

61,911

—

December 31, 2013

67,652

—

67,652

—

Financial Instruments Fair Value Disclosures

Other Financial Instruments

As of March 31, 2014, management estimated that the fair value of notes payable, which had a carrying value of $1,185.6 million, was $1,184.0 million. As of December 31, 2013, management estimated that the fair value of notes payable, which had a carrying value of $795.7 million, was $794.1 million. The discount rates used approximate current lending rates for loans or groups of loans with similar maturities and credit quality, assumes the debt is outstanding through maturity and considers the debt’s collateral (if applicable). Management has utilized market information as available or present value techniques to estimate the amounts required to be disclosed. The Company has determined the majority of the inputs used to value its notes payable fall within Level 2 of the fair value hierarchy, however the credit quality adjustments associated with its fair value of notes payable utilize Level 3 inputs. However, as of March 31, 2014, the Company has assessed the significance of the impact of the credit quality adjustments on the overall valuations of its fair market value of notes payable and has determined that they are not significant. As a result, the Company has determined these financial instruments utilize Level 2 inputs. Since such amounts are estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed values could be realized.

Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, restricted cash, distributions receivable, tenant and other receivables, accounts payable and accrued expenses, other liabilities, due to affiliates and distributions payable. The carrying value of these items reasonably approximates their fair value based on their highly-liquid nature and/or short-term maturities. Due to the short-term nature of these instruments, Level 1 and Level 2 inputs are utilized to estimate the fair value of these financial instruments.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Certain long-lived assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments (i.e., impairments) in certain circumstances. The fair value methodologies used to measure long-lived assets are described in Note 2 — Summary of Significant Accounting Policies — Impairment of Investment Property. The inputs associated with the valuation of long-lived assets are generally included in Level 2 or Level 3 of the fair value hierarchy, as discussed below. There were no events during the three months ended March 31, 2014 and 2013 which indicated that fair value adjustments of our long-lived assets were necessary.

Impairment of Investment Property

Investment properties are reviewed for impairment at each reporting period if events or changes in circumstances indicate that the carrying amount may not be recoverable. No impairment charges were recorded for the three months ended March 31, 2014 and 2013 on our directly-owned properties.

During the year ended December 31, 2013, the Company determined that its directly-owned investments, Airport Corporate Center and 4050/4055 Corporate Drive, were impaired due to a shortened expected hold period. Further, the Company determined that its directly-owned investment, the Minneapolis Office/Flex portfolio was impaired due to a shortened expected hold period and a reduction in market conditions. As a result of these changes in assumptions, the projected undiscounted cash flows were reduced for these investments.

These changes in assumptions resulted in the net book value of the assets exceeding the projected undiscounted cash flows for these investments. As a result, these assets were written down to fair value. The following table summarizes activity for the Company’s assets measured at fair value, on a non-recurring basis, as of December 31, 2013:

Basis of Fair Value Measurements

As of

Description

Fair Value of Assets

Quoted Prices

Significant

Impairment

In Active

Other

Unobservable

Loss

Markets for

Observable

Inputs

Identical Items

Inputs

(Level 3)

(Level 1)

(Level 2)

December 31, 2013

Investment properties

$170,466

$—

$170,466

$33,878

The Company’s estimated fair value of investment properties was based on a comparison of recent market activity and discounted cash flow models, which include estimates of property-specific inflows and outflows over a specific holding period. Significant unobservable quantitative inputs used in determining the fair value of each investment property for the period ended December 31, 2013 include: a discount rate ranging from 5% to 9%; a capitalization rate ranging from 6.5% to 9.5%; stabilized occupancy rates ranging from 82% through 95%; and current market rental rates ranging from $3.40 per square foot to $12.50 per square foot. These inputs are based on the location, type and nature of each property, current and anticipated market conditions, and management’s knowledge and expertise in real estate.

Reportable_Segments

Reportable Segments	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
REPORTABLE SEGMENTS	'
	Reportable Segments

	The Company’s investments in real estate are geographically diversified and management evaluates the operating performance of each at an individual property level. The Company has determined it has three reportable segments: (1) office properties, (2) a domestic industrial property and (3) domestic retail properties. The office properties segment consists of 18 office properties that the Company owns directly as well as 12 office properties that are owned indirectly through the Company’s investment in the Core Fund. The domestic industrial property segment consists of one directly-owned industrial property located in Dallas, Texas. The domestic retail segment consists of the 8 grocery-anchored shopping centers in the Grocery-Anchored Portfolio.

	The Company’s indirect investments are accounted for using the equity method of accounting. As such, the activities of these investments are reflected in investments in unconsolidated entities in the condensed consolidated balance sheets and equity in earnings (losses) of unconsolidated entities, net in the condensed consolidated statements of operations. As discussed previously, the Company completed the Grocery-Anchored Portfolio Transaction in January 2014, and the Company sold its indirect investment in Distribution Park Rio in January 2013, which is reflected in the tables below.

	The tables below provide additional information related to each of the Company’s segments (in thousands) and a reconciliation to the Company’s net income or loss, as applicable. “Corporate-Level Accounts” includes amounts incurred by the corporate-level entities which are not allocated to any of the reportable segments.



		Three Months Ended March 31,
		2014			2013
	Total revenue
	Office properties	$	54,877		$	41,570

	Domestic industrial property	774			776

	Domestic retail properties	4,405			—

	Total revenue	$	60,056		$	42,346


	Net property revenues in excess of expenses(1)
	Office properties	$	29,548		$	20,903

	Domestic industrial property	472			524

	Domestic retail properties	3,282			—

	Total segment net property revenues in excess of expenses	$	33,302		$	21,427


	Equity in earnings (losses) of unconsolidated entities
	Equity in earnings (losses) of domestic office properties	$	40,945		$	2,552

	Equity in earnings (losses) of domestic retail properties	—			(5		)

	Equity in earnings (losses) of international industrial property	—			48

	Total equity in earnings (losses) of unconsolidated entities	$	40,945		$	2,595



	-1	Revenues less property operating expenses, real property taxes and property management fees.



	Total assets	March 31, 2014			December 31, 2013
	Office properties	$	1,991,045		$	1,489,901

	Domestic industrial property	36,155			36,504

	Domestic retail properties	199,186			—

	Investment in unconsolidated entities
	Office properties	226,479			237,110

	Domestic retail properties	—			156,585

	Corporate-level accounts	172,888		(1)	262,623			(2)

	Total assets	$	2,625,753		$	2,182,723



-1	This amount primarily consists of cash and cash equivalents at the corporate level, including the cash collateral deposit related to the letter of credit with the Bank of Montreal.


-2	This amount primarily consists of cash and cash equivalents at the corporate level, including proceeds from the sale of the Company’s directly and indirectly-owned investments, proceeds from the Core Fund distribution the Company received in August 2013 as well as the cash collateral deposit related to the letter of credit with the Bank of Montreal.



	Three Months Ended March 31,
	2014			2013
Reconciliation to net income (loss)
Total segment net property revenues in excess of expenses	$	33,302		$	21,427

Depreciation and amortization	(24,726		)	(13,046		)
Acquisition related expenses	(106		)	—

Asset management and acquisition fees	(10,735		)	(8,457		)
General and administrative	(1,957		)	(1,668		)
Gain (loss) on derivative instruments, net	5,741			6,286

Gain (loss) on sale of real estate investments	1,013			—

Interest expense	(12,376		)	(14,061		)
Interest income	185			184

Benefit (provision) for income taxes	(89		)	(67		)
Gain (loss) on sale or dissolution of unconsolidated joint venture	11,311			15,965

Equity in earnings (losses) of unconsolidated entities, net	40,945			2,595

Income (loss) from discontinued operations, net of taxes	(183		)	148,661

Net income (loss)	$	42,325		$	157,819

Subsequent_Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events

	Minneapolis Office/Flex Portfolio

	In May 2014, the Company sold the remaining buildings in the Minneapolis Office/Flex Portfolio. The Minneapolis Office/Flex Portfolio is a portfolio of nine office/flex buildings located in the southwest and midway submarkets of Minneapolis, Minnesota. The contract sales price of the entire portfolio, including the building sold in March 2014, which the Company acquired in September 2007 for a net contract purchase price of $87.0 million, was $75.5 million.

	Loan Activity

	In April 2014, a subsidiary of the Company entered into a credit agreement (the “Credit Agreement”) with Chase, as Administrative Agent for itself and various lenders named in the Credit Agreement. The Credit Agreement provides for borrowings up to $225.0 million under a revolving credit facility (the “Revolving Loan Commitment”) and up to $200.0 million under a term loan (the “Term Loan Commitment”), which the Company refers to collectively as the “Revolving Credit Facility”. Upon entry into the Credit Agreement in April 2014, the Company borrowed $170.0 million under the Revolving Loan Commitment and $200.0 million under the Term Loan Commitment to repay $370.0 million in loans outstanding under the JPMorgan Acquisition Credit Agreement. The Company also made an additional payment of $10.0 million in April 2014 on the JPMorgan Acquisition Credit Agreement so that the entire $380.0 million in loans outstanding under the agreement as of March 31, 2014 was repaid. The Revolving Loan Commitment has a maturity date of April 1, 2017, subject to a one-year extension option. The Term Loan Commitment has a maturity date of April 1, 2018. The Revolving Loan Commitment had an all-in interest rate of 1.86% on the date of the borrowing and the Term Loan Commitment had an all-in interest rate of 1.76% on the date of the borrowing. In connection with this financing, the Company's Advisor agreed to waive the entire $4.3 million debt financing fee otherwise payable to the Advisor pursuant to the Advisory Agreement.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Basis of Presentation

The condensed consolidated financial statements of the Company included in this quarterly report include the accounts of Hines REIT, the Operating Partnership and the Operating Partnership’s wholly-owned subsidiaries as well as the related amounts of noncontrolling interests. All intercompany balances and transactions have been eliminated in consolidation.

Equity Method Investments

The Company makes investments directly through entities that are wholly-owned by the Operating Partnership, or indirectly through other entities, such as through its investment in Hines US Core Office Fund LP (the “Core Fund”) in which it owned a 28.8% non-managing general partner interest as of both March 31, 2014 and December 31, 2013. The Company accounts for its investment in the Core Fund using the equity method of accounting.

In January 2014, the Company dissolved its joint venture with Weingarten Realty Investors (“Weingarten”), through which the Company and Weingarten held a portfolio of 12 grocery-anchored shopping centers (the “Grocery-Anchored Portfolio”). As a result of the dissolution of the joint venture, eight of the Grocery-Anchored Portfolio properties were distributed to the Company and the remaining four Grocery-Anchored Portfolio properties were distributed to Weingarten and an additional $0.4 million in cash was paid to the Company by Weingarten (“Grocery-Anchored Portfolio Transaction”). As a result of this transaction, the Company has consolidated the eight properties as of March 31, 2014. As of December 31, 2013, the Company owned a 70% interest in the Grocery-Anchored Portfolio, which was previously accounted for as an equity method investment. See Note 4 — Recent Acquisitions of Real Estate for additional information regarding the Grocery-Anchored Portfolio Transaction.

The Company’s investments in partially-owned real estate joint ventures and partnerships are reviewed for impairment periodically. The Company will record an impairment charge if it determines that a decline in the value of an investment below its carrying value is other than temporary. The Company’s analysis will be dependent on a number of factors, including the performance of each investment, current market conditions, and its intent and ability to hold the investment to full recovery. Based on the Company’s analysis of the facts and circumstances at each reporting period, no impairment was recorded related to its investment in the Core Fund for the three months ended March 31, 2014 and 2013. Further, no impairment was recorded related to the Company’s investment in the Grocery-Anchored Portfolio for the three months ended March 31, 2013. The Company dissolved its joint venture with Weingarten in January 2014. See Note 1 — Organization — Investment Property for additional information regarding the Grocery-Anchored Portfolio Transaction. However, if market conditions deteriorate in the future and result in lower valuations or reduced cash flows of the Company’s remaining investment in the Core Fund, impairment charges may be recorded in future periods.

International Operations

In addition to its properties in the United States, the Company has owned investments in Canada and Brazil, although the Company no longer owned any investments outside the United States as of March 31, 2014. Upon the January 2013 disposal of the Company’s investment in Distribution Park Rio, a property in Brazil that the Company owned indirectly, the Company realized a loss of $0.9 million related to the currency translation adjustment as a result of the disposal. Accumulated other comprehensive income (loss) as of March 31, 2014 is related to the remaining non-operating net assets of the disposed directly-owned properties in Brazil and Canada.

Impairment of Investment Property

Real estate assets are reviewed for impairment in each reporting period if events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the current and projected cash flows of each property on an undiscounted basis to the carrying amount of such property. If undiscounted cash flows are less than the carrying amount, such carrying amount would be adjusted, if necessary, to estimated fair values to reflect impairment in the value of the asset. See Note 14 — Fair Value Disclosures for additional information regarding the Company’s policy for determining fair values of its investment property. No impairment charges were recorded for the three months ended March 31, 2014 and 2013 on the Company’s directly-owned and indirectly-owned properties.

Tenant and Other Receivables

Receivable balances outstanding consist primarily of base rents, tenant reimbursements and receivables attributable to straight-line rent. An allowance for the uncollectible portion of tenant and other receivables is determined based upon an analysis of the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Tenant and other receivables are shown at cost in the condensed consolidated balance sheets, net of allowance for doubtful accounts of $4.7 million and $4.6 million at March 31, 2014 and December 31, 2013, respectively.

Deferred Leasing Costs

Tenant inducement amortization was $4.0 million and $4.5 million for the three months ended March 31, 2014 and 2013, respectively, and was recorded as an offset to rental revenue. In addition, the Company recorded $1.3 million and $1.7 million as amortization expense related to other direct leasing costs for the three months ended March 31, 2014 and 2013, respectively.

Other Assets

Other assets included the following (in thousands):

March 31, 2014

December 31, 2013

Deposit on investment property (1)

—

30,000

Prepaid insurance

220

686

Prepaid/deferred taxes

2,003

517

Other

1,559

769

Total

3,782

31,972

-1

In December 2013, the Company funded a $30.0 million deposit related to its acquisition of the Howard Hughes Center which the Company acquired in January 2014.

Revenue Recognition

Rental payments are generally paid by the tenants prior to the beginning of each month. As of March 31, 2014 and December 31, 2013, the Company recorded liabilities of $8.6 million and $6.2 million, respectively, related to prepaid rental payments which were included in other liabilities in the accompanying condensed consolidated balance sheets. The Company recognizes rental revenue on a straight-line basis over the life of the lease including rent holidays, if any. Straight-line rent receivable was $41.7 million and $40.9 million as of March 31, 2014 and December 31, 2013, respectively.

Redemption of Common Stock

The Company’s share redemption program generally limits the funds available for redemption to the amount of proceeds received from the Company’s dividend reinvestment plan in the prior quarter. The board of directors determined to waive this limitation of the share redemption program and fully honor all eligible requests received for the three months ended March 31, 2014 and year ended December 31, 2013, totaling $10.2 million and $51.2 million, respectively, which was in excess of the $5.8 million and $23.0 million, respectively, received from the issuance of shares pursuant to the dividend reinvestment plan.

The Company has recorded liabilities of $10.1 million and $12.9 million in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013, respectively, related to shares tendered for redemption and approved by the board of directors, but which were not redeemed until the subsequent month. Such amounts have been included in redemption of common shares in the accompanying consolidated statements of equity based on a redemption price of $5.45 per share for ordinary share redemption requests and $6.40 per share for redemption requests in connection with the death or disability of a stockholder, which prices were determined in connection with the board of directors’ determination of a new net asset value per share in November 2013.

Reclassifications

The Company sold Williams Tower, One Wilshire and the Raytheon/DIRECTV buildings during 2013 and reclassified the results of operations for these properties into discontinued operations in the condensed consolidated statements of operations for all periods presented. See Note 5 — Discontinued Operations for additional information.

Recent Accounting Pronouncements

In February 2013, Financial Accounting Standards Board (“FASB”) issued amendments to provide guidance on the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In March 2013, FASB issued guidance on releasing cumulative translation adjustments when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. In addition, these amendments provide guidance on the release of cumulative translation adjustments in partial sales of equity method investments. The guidance is effective on a prospective basis for fiscal years and interim reporting periods within those years beginning after December 15, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In July 2013, FASB issued amendments to the Accounting Standards Codification (the “Codification”) to provide guidance on the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These amendments will be effective for fiscal years, and interim periods within those years, beginning after December 31, 2013. The adoption of this guidance did not have a material impact on the Company’s financial statements.

In March 2014, FASB made technical corrections and improvements related to glossary terms in the Codification. The amendments were effective upon issuance and did not have a material impact on the Company’s financial statements.

In April 2014, FASB issued amendments to the Codification to provide guidance on reporting discontinued operations. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 31, 2014 and early adoption is permitted. The Company has elected to adopt these amendments early effective January 1, 2014 and, as a result, did not report any sales of real estate investment property in discontinued operations for the quarter ended March 31, 2014. See Note 3 — Real Estate Investments for additional information regarding the sale of a building in the Minneapolis Office/Flex Portfolio that did not qualify as discontinued operations as of March 31, 2014.

Derivatives

The Company has several interest rate swap transactions with HSH Nordbank AG, New York Branch (“HSH Nordbank”). These swap transactions were entered into as economic hedges against the variability of future interest rates on the Company’s variable interest rate borrowings with HSH Nordbank. The Company has not designated any of its derivative instruments as hedging instruments for accounting purposes. The interest rate swaps have been recorded at their estimated fair value in the accompanying condensed consolidated balance sheets and changes in the fair value were recorded in gain (loss) on derivative instruments, net in the Company’s condensed consolidated statements of operations. See Note 14 — Fair Value Disclosures for additional information.

Fair Value Of Financial Instruments

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Derivative Instruments

Basis of Fair Value Measurements

Description

Fair Value

Quoted Prices In Active Markets for Identical Items (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

March 31, 2014

61,911

—

61,911

—

December 31, 2013

67,652

—

67,652

—

Financial Instruments Fair Value Disclosures

Other Financial Instruments

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Impairment of Investment Property

Basis of Fair Value Measurements

As of

Description

Fair Value of Assets

Quoted Prices

Significant

Impairment

In Active

Other

Unobservable

Loss

Markets for

Observable

Inputs

Identical Items

Inputs

(Level 3)

(Level 1)

(Level 2)

December 31, 2013

Investment properties

$170,466

$—

$170,466

$33,878

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Schedule of Other Assets	'
	Other assets included the following (in thousands):


		March 31, 2014		December 31, 2013

	Deposit on investment property (1)	$	—	$	30,000

	Prepaid insurance	220		686

	Prepaid/deferred taxes	2,003		517

	Other	1,559		769

	Total	$	3,782	$	31,972



	-1	In December 2013, the Company funded a $30.0 million deposit related to its acquisition of the Howard Hughes Center which the Company acquired in January 2014.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2014
Real Estate [Abstract]	'
Schedule Of Property Subject To Or Available For Operating Lease	'
	Investment property consisted of the following (in thousands):



		March 31, 2014				December 31, 2013
	Buildings and improvements	$	1,563,045			$	1,185,833

	Less: accumulated depreciation	(187,720		)		(178,720		)
	Buildings and improvements, net	1,375,325				1,007,113

	Land	451,233				249,466

	Investment property, net	$	1,826,558			$	1,256,579

Schedule Of Acquired Finite Lived Intangible Assets By Major Class	'
	As of March 31, 2014, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases				Out-of-Market			Out-of-Market
						Lease Assets			Lease Liabilities
	Cost	$	286,805			$	45,155		$	68,917

	Less: accumulated amortization	(120,236		)		(22,924		)	(33,267		)
	Net	$	166,569			$	22,231		$	35,650


	As of December 31, 2013, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases				Out-of-Market			Out-of-Market Lease Liabilities
						Lease Assets
	Cost	$	163,661			$	38,721		$	41,824

	Less: accumulated amortization	(110,412		)		(22,059		)	(31,978		)
	Net	$	53,249			$	16,662		$	9,846

	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2014 acquisitions, as of the date of the acquisition, was as follows (in years):


			In-Place Leases		Above-Market Lease Assets		Below-Market Lease Liabilities
	Grocery-Anchored Portfolio		15.4		7.1		39.3
	Howard Hughes Center		4.4		4.7		6.1
Schedule Of Finite Lived Intangible Assets Future Amortization Expense	'
	Expected future amortization of in-place leases and out-of-market leases, net, including out-of-market ground leases for the period from April 1, 2014 through December 31, 2014 and for each of the years ended December 31, 2015 through 2018 is as follows (in thousands):



		In-Place Leases				Out-of-Market Leases, Net
	April 1, 2014 through December 31, 2014	$	35,550			$	(1,975	)

	2015	37,470				(1,946		)

	2016	27,032				(693		)

	2017	18,646				678

	2018	14,106				342

Schedule Of Future Minimum Rental Income For Operating Leases	'
	As of March 31, 2014, the approximate fixed future minimum rentals for the period from April 1, 2014 through December 31, 2014, for each of the years ended December 31, 2015 through 2018 and thereafter are as follows (in thousands):



		Fixed Future Minimum Rentals
	April 1, 2014 through December 31, 2014	$	131,322

	2015	166,288

	2016	145,228

	2017	120,818

	2018	100,720

	Thereafter	460,990

	Total	$	1,125,366

Recent_Acquisitions_of_Real_Es1

Recent Acquisitions of Real Estate Recent Acquisitions of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	'
	The amounts recognized for major assets acquired as of the acquisition date were determined by allocating the purchase price of each property acquired in 2014 as follows (in thousands):



	Property Name		Acquisition Date		Building and Improvements				Land				In-place Lease Intangibles		Out-of-Market Lease Intangibles, Net			Discount related to assumed mortgage loan			Total
	Grocery-Anchored Portfolio (1)		1/1/14		$	102,506			$	63,900			$	24,980	$	(12,670	)	$	(500	)	$	178,216
	Grocery-Anchored Portfolio (1)		1/1/14		$	102,506			$	63,900			$	24,980	$	(12,670	)	$	(500	)	$	178,216
	Howard Hughes Center		1/15/14		$	278,378			$	138,820			$	101,840	$	(8,290	)	$	—		$	510,748
	Howard Hughes Center		1/15/14		$	278,378			$	138,820			$	101,840	$	(8,290	)	$	—		$	510,748


	-1	The Grocery Anchored Portfolio Transaction, which was a step acquisition, was accounted for as a business combination resulting in the assets acquired and liabilities assumed being recorded at fair value as a result of the step acquisition. Prior to the acquisition, the joint venture with Weingarten was considered a variable interest entity and was accounted for under the equity method of accounting, since the Company did not have the ability to direct the significant activities that affect the economic performance of the joint venture. The Company received $0.4 million in cash as a result of the step acquisition and determined the fair value of our previously held interest was $167.2 million. Fair value of the Company’s equity interest was estimated using market-based measurements, including cash flow and other valuation techniques. The fair value measurement is based on both significant inputs for similar assets and liabilities in comparable markets and significant inputs that are not observable in the markets in accordance with our fair value measurements accounting policy. Key assumptions include third-party broker valuation estimates; discount rates ranging from 6.5% to 9.0%; a terminal capitalization rate for similar properties; and factor that the Company believes market participants would consider in estimating fair value. In addition, the Company recognized an $11.3 million gain, which represented the difference between the book value and the fair value of our previously held equity method investment in the joint venture with Weingarten and has been included in the line item, “Gain (loss) on sale or dissolution of unconsolidated joint venture” in the condensed consolidated statement of operations.
Schedule Of Acquired Finite Lived Intangible Assets By Major Class	'
	As of March 31, 2014, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases				Out-of-Market				Out-of-Market
		In-Place Leases				Lease Assets				Lease Liabilities
	Cost	$	286,805			$	45,155			$	68,917
	Cost	$	286,805			$	45,155			$	68,917
	Less: accumulated amortization	(120,236		)		(22,924		)		(33,267		)
	Net	$	166,569			$	22,231			$	35,650
	Net	$	166,569			$	22,231			$	35,650

	As of December 31, 2013, the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands):



		Lease Intangibles
		In-Place Leases				Out-of-Market				Out-of-Market Lease Liabilities
		In-Place Leases				Lease Assets				Out-of-Market Lease Liabilities
	Cost	$	163,661			$	38,721			$	41,824
	Cost	$	163,661			$	38,721			$	41,824
	Less: accumulated amortization	(110,412		)		(22,059		)		(31,978		)
	Net	$	53,249			$	16,662			$	9,846
	Net	$	53,249			$	16,662			$	9,846
	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2014 acquisitions, as of the date of the acquisition, was as follows (in years):


			In-Place Leases		Above-Market Lease Assets		Below-Market Lease Liabilities
	Grocery-Anchored Portfolio		15.4		7.1		39.3
	Howard Hughes Center		4.4		4.7		6.1
Schedule Of Real Estate Properties Recent Acquisitions Profit Loss	'
	The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the three months ended March 31, 2014, which are included in the Company’s consolidated results of operations for the three months ended March 31, 2014 (in thousands):


	2014 Acquisitions				For the Three Months Ended March 31, 2014
	Grocery -Anchored Portfolio		Revenue		$	4,405
	Grocery -Anchored Portfolio		Revenue		$	4,405
			Net income (loss)		$	827
			Net income (loss)		$	827
	Howard Hughes Center		Revenue		$	10,881
	Howard Hughes Center		Revenue		$	10,881
			Net income (loss)		$	(3,215	)
Business Acquisition, Pro Forma Information	'
	The following unaudited consolidated information is presented to give effect to the 2014 acquisitions through March 31, 2014 as if the acquisitions occurred on January 1, 2013. This information excludes activity that is non-recurring and not representative of the Company’s future activity, primarily acquisition fees and expenses of $1.1 million for the three months ended March 31, 2014 and the gain on the dissolution of our joint venture as a result of the Grocery Anchored Portfolio Transaction of $11.3 million for the three months ended March 31, 2014 and the gain on the sale of our investment in Distribution Park Rio of $16.0 million for the three months ended March 31, 2013. The information below is not necessarily indicative of what the actual results of operations would have been had the Company completed these transactions on January 1, 2013, nor does it purport to represent the Company’s future operations (amounts in thousands, except per share amounts):


		For the Three Months Ended March 31,
		Pro Forma 2014				Pro Forma 2013
	Revenue	$	62,232			$	59,807
	Revenue	$	62,232			$	59,807
	Net income (loss) from continuing operations	$	30,352			$	(12,910	)
	Net income (loss) from continuing operations	$	30,352			$	(12,910	)
	Basic and diluted income (loss) from continuing operations per common share	$	0.13			$	(0.06	)
		$	0.13			$	(0.06	)

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures	'
	The operating results of these properties have been reclassified and reported as income (loss) from discontinued operations in the condensed consolidated statements of operations and comprehensive income (loss) as follows (in thousands):



		Three Months Ended March 31,
		2014			2013
		(In thousands, except per share amounts)
	Revenues:
	Rental revenue	$	(41	)	$	19,329

	Other revenue	(22		)	3,193

	Total revenues	(63		)	22,522

	Expenses:
	Property operating expenses	126			5,828

	Real property taxes	—			2,497

	Property management fees	(1		)	457

	Depreciation and amortization	—			4,789

	Total expenses	125			13,571

	Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	(188		)	8,951

	Interest expense	—			(4,197		)

	Interest income	5			6

	Benefit (provision) for income taxes	—			(51		)

	Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	(183		)	4,709

	Gain (loss) on sale of discontinued operations	—			143,952

	Income (loss) from discontinued operations	$	(183	)	$	148,661


	The tables below show income (loss) and income (loss) per share attributable to common stockholders allocated between continuing operations and discontinued operations:



		Three Months Ended March 31,
		2014			2013
		(In thousands, except per share amounts)
	Income (loss) from continuing operations attributable to common stockholders	$	42,422		$	17,011

	Income (loss) from discontinued operations attributable to common stockholders	(171		)	140,670

	Net income (loss) attributable to common stockholders	$	42,251		$	157,681


	Basic and diluted income (loss) per share attributable to common stockholders

	Income (loss) from continuing operations	$	0.19		$	0.07

	Income (loss) from discontinued operations	$	—		$	0.6

Investment_In_Unconsolidated_E

Investment In Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule Of Activity In Equity Method Investments	'
	The table below presents the activity of the Company’s unconsolidated entities as of and for the periods presented (in thousands):



		Three Months Ended March 31,
		2014			2013
	Beginning balance	$	393,695		$	329,418

	Distributions declared	(51,836		)	(5,589		)
	Equity in earnings (losses)	40,945			2,595

	Effect of sale or dissolution of unconsolidated joint venture	(156,325		)	(25,536		)
	Ending balance	$	226,479		$	300,888


Summarized Financial Information Balance Sheet Equity Method Investees	'
	Condensed financial information for the Core Fund is summarized as follows (in thousands):



	Condensed Consolidated Balance Sheets for the Core Fund

		March 31, 2014			December 31, 2013
		(In thousands)
	ASSETS
	Cash	$	136,514		$	112,151

	Investment property, net	2,030,803			2,042,690

	Other assets	465,703			590,610

	Total Assets	$	2,633,020		$	2,745,451


	LIABILITIES AND EQUITY

	Debt	$	1,325,982		$	1,327,315

	Other liabilities	198,724			260,460

	Redeemable noncontrolling interests	257,994			268,871

	Equity	850,320			888,805

	Total Liabilities and Equity	$	2,633,020		$	2,745,451

Summarized Financial Information Income Statement Equity Method Investees	'
	The results of operations for these properties have been reclassified into discontinued operations for all periods presented, which is reflected in the table below.



	Condensed Consolidated Statements of Operations for the Core Fund

		Three Months Ended March 31,
		2014			2013
		(In thousands)
	Total revenues and gains	$	62,976		$	63,481

	Total expenses	65,453			65,498

	Income (loss) from continuing operations	(2,477		)	(2,017		)
	Income (loss) from discontinued operations	174,155			17,572

	Net income (loss)	171,678			15,555

	Less (income) loss allocated to noncontrolling interests	(30,579		)	(5,696		)
	Net income (loss) attributable to parent	$	141,099		$	9,859

Debt_Financing_Tables

Debt Financing (Tables)	3 Months Ended
	Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]	'
Schedule Of Debt	'
	The following table includes all of the Company’s outstanding notes payable balances as of March 31, 2014 and December 31, 2013 (in thousands, except interest rates):



	Description		Maturity Date	Interest Rate Description		Interest Rate		Principal Outstanding at March 31, 2014			Principal Outstanding at December 31, 2013
	SECURED MORTGAGE DEBT
	Arapahoe Business Park I		6/11/15	Fixed		5.33	%	$	9,232		$	9,272

	Arapahoe Business Park II		11/11/15	Fixed		5.53	%	9,699			9,744

	1515 S. Street		9/1/16	Fixed		4.25	%	38,485			38,741

	345 Inverness Drive		12/11/16	Fixed		5.85	%	14,642			14,701

	Airport Corporate Center		9/1/21	Fixed		5.14	%	78,344			78,628

	JPMorgan Chase Tower		2/1/16	Variable		2.66	%	155,898			156,798

	Heritage Station		1/1/15	Fixed		5.38	%	5,468			—

	Thompson Bridge Commons		3/1/18	Fixed		6.02	%	5,414			—

	HSH POOLED MORTGAGE FACILITY

	Citymark, 321 North Clark, 1900 and 2000 Alameda		8/1/16	Fixed via swap		5.86	%	185,000			185,000

	3400 Data Drive, 2100 Powell		1/23/17	Fixed via swap		5.25	%	98,000			98,000

	Daytona and Laguna Buildings		5/2/17	Fixed via swap		5.36	%	119,000			119,000

	3 Huntington Quadrangle		7/19/17	Fixed via swap		5.98	%	48,000			48,000

	5th and Bell		8/14/17	Fixed via swap		6.03	%	39,000			39,000

	OTHER NOTES PAYABLE

	JPMorgan Acquisition Credit Agreement (1)		5/15/14	Variable		1.76	%	380,000			—

	TOTAL PRINCIPAL OUTSTANDING							1,186,182			796,884

	Unamortized Discount (2)							(585		)	(1,169		)
	NOTES PAYABLE							$	1,185,597		$	795,715




	-1	See the discussion following the heading “JPMorgan Acquisition Credit Agreement” below for additional information regarding the Company's acquisition credit facility.


	-2	The Company assumed notes payable in connection with various acquisitions, which were recorded at their estimated fair value as of the date of acquisition. The difference between the fair value at acquisition and the principal outstanding is amortized over the term of the related note.
Schedule Of Maturities Of Long Term Debt	'
	The following table summarizes required principal payments on the Company’s outstanding notes payable for the period from April 1, 2014 through December 31, 2014, for each of the years ended December 31, 2015 through December 31, 2018 and for the period thereafter (in thousands):



		Principal Payments due by Period
		April 1, 2014 through December 31, 2014			2015			2016			2017			2018		Thereafter
	Notes Payable	$	382,274	(1)	$	26,851		$	393,297		$	305,642		$	5,790	$	72,328



	-1	See Note 16 — Subsequent Events regarding the credit agreement the Company entered into in April 2014. As a result of this agreement, $380.0 million of principal payments are no longer due for the April 1, 2014 through December 31, 2014 period.

Derivative_Instruments_Tables

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule Of Derivative Instruments	'
	The tables below provide additional information regarding each of the Company’s outstanding interest rate swaps (all amounts are in thousands except for interest rates):



	Effective Date	Expiration Date		Notional Amount				Interest Rate Received	Interest Rate Paid
	August 1, 2006	August 1, 2016		$	185,000			LIBOR	5.4575	%

	January 12, 2007	January 12, 2017		$	98,000			LIBOR	4.8505	%

	May 1, 2007	May 1, 2017		$	119,000			LIBOR	4.955	%

	July 17, 2007	July 17, 2017		$	48,000			LIBOR	5.58	%

	July 27, 2007	July 24, 2017		$	39,000			LIBOR	5.58	%

Schedule Of Other Derivatives Not Designated As Hedging Instruments Statements Of Financial Performance And Financial Position Location	'
	The table below presents the fair value of the Company’s derivative instruments included in “Liabilities-Interest Rate Swap Contracts” on the Company’s condensed consolidated balance sheets, as of March 31, 2014 and December 31, 2013:



		Liability Derivatives Fair Value
	Derivatives not designated as hedging instruments for accounting purposes:	March 31, 2014				31-Dec-13
	Interest rate swap contracts	$	61,911			$	67,652

	Total derivatives	$	61,911			$	67,652


	The table below presents the effects of the changes in fair value of the Company’s derivative instruments in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2014 and 2013:


		Three Months Ended March 31,
		2014				2013
	Gain (loss) on interest rate swap, net	$	5,741			$	6,286

	Total	$	5,741			$	6,286

Distributions_Tables

Distributions (Tables)	3 Months Ended
	Mar. 31, 2014
Distributions [Abstract]	'
Schedule Of Dividends Payable	'
	The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for each of the quarters during 2014 and 2013, including the breakout between the distributions paid in cash and those reinvested pursuant to the Company’s dividend reinvestment plan (all amounts are in thousands).


			Stockholders							Noncontrolling Interests
	Distributions for the Three Months Ended		Cash Distributions		Distributions Reinvested		Total Declared			Total Declared
	2014 (1)
	March 31, 2014		$	9,552	$	5,613	$	15,165		$	74

	Total		$	9,552	$	5,613	$	15,165		$	74


	2013 (1)
	December 31, 2013		$	9,786	$	5,811	$	15,597		$	75

	September 30, 2013		9,769		5,902		15,671			75

	June 30, 2013		9,829		5,913		15,742			960

	March 31, 2013		214,893		11,175		226,068		(2)	138

	Total		$	244,277	$	28,801	$	273,078		$	1,248



	-1	Except as noted below, excluded from this table are distributions declared with respect to the Participation Interest (as discussed further in Note 10 — Related Party Transactions). The amount of distributions declared with respect to the Participation Interest for the quarter ended March 31, 2014 was $1.0 million. The distributions declared with respect to the Participation Interest for the quarters ended December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013 were $0.9 million, $0.9 million, $0.9 million and $1.5 million, respectively. Included in the $226.1 million amount declared at March 31, 2013 above is the $10.0 million special distribution declared in March 2013 to the Participation Interest.


	-2	As stated above, a portion of the total distributions declared were designated by the Company as special distributions and funded using proceeds from sales of investment properties, which represented a return of a portion of the stockholders, and noncontrolling interest holders’ invested capital. For the year ended December 31, 2013, $206.7 million of the total distributions declared to the Company’s stockholders and non-controlling interests were paid using such sales proceeds.

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Schedule Of Related Party Transactions	'
	The table below outlines fees incurred and expense reimbursements payable to Hines, the Advisor and Hines Securities, Inc. for the three months ended March 31, 2014 and 2013 and outstanding as of March 31, 2014 and December 31, 2013 (all amounts are in thousands).



			Incurred				Unpaid as of
			Three Months Ended March 31,				March 31,		December 31,
	Type and Recipient		2014		2013		2014		2013
	Participation Interest in the Operating Partnership – HALP Associates Limited Partnership (1)		$	6,017	$	4,685	$	96,458	$	91,376


	Due to Affiliates

	Acquisition Fee – the Advisor (2)		1,012		—		—		—

	Asset Management Fee – the Advisor		3,706		3,772		1,232		1,185

	Debt Financing Fee – the Advisor (3)		—		3,600		—		—

	Other – the Advisor		809		833		449		767

	Property Management Fee – Hines		1,399		1,524		410		(16		)

	Leasing Fee – Hines		27		1,443		1,551		1,535

	Tenant Construction Management Fees – Hines		4		17		12		1

	Expense Reimbursements – Hines (with respect to management and operation of the Company’s properties)		4,009		4,188		491		214

	Due to Affiliates						$	4,145	$	3,686



	-1	The Company recorded a liability related to the Participation Interest based on its estimated settlement value in the accompanying condensed consolidated balance sheets. This liability is remeasured at fair value based on the related redemption price in place as of each balance sheet plus any unpaid distributions. As described previously in Note 9 — Distributions, the Company declared an $0.80 special distribution (or $10.0 million, in total, to the Participation Interest) to all stockholders of the Company in March 2013, which represented a reduction in the Participation Interest liability to reflect a return of capital for the period ending March 31, 2013.


	-2	In connection with the acquisition of the Howard Hughes Center, the Company was obligated to pay approximately $5.0 million of acquisition fees to the Advisor, half of which was payable in cash and half of which was payable as an increase to the Participation Interest. The Advisor and HALP, the holder of the Participation Interest, respectively, agreed to waive $1.5 million of the cash acquisition fee and the entire $2.5 million acquisition fee payable related to the Participation Interest.


	-3	In connection with the financing pursuant to the JPMorgan Acquisition Credit Agreement, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor. See Note 7 — Debt Financing for additional information on the debt financing fee waived.

Changes_in_Assets_and_Liabilit1

Changes in Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2014
Increase (Decrease) in Operating Capital [Abstract]	'
Cash Flow Operating Capital	'
	The effect of the changes in asset and liability accounts on cash flows from operating activities for the three months ended March 31, 2014 and 2013 is as follows (in thousands):



		Three Months Ended March 31,
		2014			2013
	Change in other assets	$	(1,810	)	$	(1,056	)
	Change in tenant and other receivables	(5,043		)	(3,096		)
	Change in deferred leasing costs	(2,939		)	(13,119		)
	Change in accounts payable and accrued expenses	900			(20,215		)

	Change in participation interest liability	5,082			3,212

	Change in other liabilities	1,010			(2,404		)

	Change in due to affiliates	458			4,427

	Changes in assets and liabilities	$	(2,342	)	$	(32,251	)

Supplemental_Cash_Flows_Tables

Supplemental Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2014
Supplemental Cash Flow Information [Abstract]	'
Schedule Of Cash Flow Supplemental Disclosures	'
	Supplemental cash flow disclosures for the three months ended March 31, 2014 and 2013 are as follows (in thousands):



		Three Months Ended March 31,
		2014		2013
	Supplemental Disclosure of Cash Flow Information
	Cash paid for interest	$	11,236	$	15,991

	Cash paid for income taxes	$	—	$	—

	Supplemental Schedule of Non-Cash Activities

	Distributions declared and unpaid	$	15,238	$	226,205

	Distributions reinvested	$	5,811	$	11,631

	Shares tendered for redemption	$	10,095	$	2,967

	Assumption of mortgages upon dissolution of joint venture	$	10,947	$	—

	Noncash net assets acquired upon acquisition of property	$	172,244	$	—

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis

Basis of Fair Value Measurements

Description

Fair Value

Quoted Prices In Active Markets for Identical Items (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

March 31, 2014

61,911

—

61,911

—

December 31, 2013

67,652

—

67,652

—

Fair Value Measurements, Nonrecurring

The following table summarizes activity for the Company’s assets measured at fair value, on a non-recurring basis, as of December 31, 2013:

Basis of Fair Value Measurements

As of

Description

Fair Value of Assets

Quoted Prices

Significant

Impairment

In Active

Other

Unobservable

Loss

Markets for

Observable

Inputs

Identical Items

Inputs

(Level 3)

(Level 1)

(Level 2)

December 31, 2013

Investment properties

$170,466

$—

$170,466

$33,878

Reportable_Segments_Tables

Reportable Segments (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule Of Segment Reporting Information, By Segment	'
	The tables below provide additional information related to each of the Company’s segments (in thousands) and a reconciliation to the Company’s net income or loss, as applicable. “Corporate-Level Accounts” includes amounts incurred by the corporate-level entities which are not allocated to any of the reportable segments.



		Three Months Ended March 31,
		2014				2013
	Total revenue
	Office properties	$	54,877			$	41,570

	Domestic industrial property	774				776

	Domestic retail properties	4,405				—

	Total revenue	$	60,056			$	42,346


	Net property revenues in excess of expenses(1)
	Office properties	$	29,548			$	20,903

	Domestic industrial property	472				524

	Domestic retail properties	3,282				—

	Total segment net property revenues in excess of expenses	$	33,302			$	21,427


	Equity in earnings (losses) of unconsolidated entities
	Equity in earnings (losses) of domestic office properties	$	40,945			$	2,552

	Equity in earnings (losses) of domestic retail properties	—				(5		)

	Equity in earnings (losses) of international industrial property	—				48

	Total equity in earnings (losses) of unconsolidated entities	$	40,945			$	2,595



	-1	Revenues less property operating expenses, real property taxes and property management fees.



	Total assets	March 31, 2014				December 31, 2013
	Office properties	$	1,991,045			$	1,489,901

	Domestic industrial property	36,155				36,504

	Domestic retail properties	199,186				—

	Investment in unconsolidated entities
	Office properties	226,479				237,110

	Domestic retail properties	—				156,585

	Corporate-level accounts	172,888			(1)	262,623			(2)

	Total assets	$	2,625,753			$	2,182,723



	-1	This amount primarily consists of cash and cash equivalents at the corporate level, including the cash collateral deposit related to the letter of credit with the Bank of Montreal.


	-2	This amount primarily consists of cash and cash equivalents at the corporate level, including proceeds from the sale of the Company’s directly and indirectly-owned investments, proceeds from the Core Fund distribution the Company received in August 2013 as well as the cash collateral deposit related to the letter of credit with the Bank of Montreal.
Reconciliation Of Property Revenues In Excess Of Expenses From Segments To Consolidated	'


		Three Months Ended March 31,
		2014				2013
	Reconciliation to net income (loss)
	Total segment net property revenues in excess of expenses	$	33,302			$	21,427

	Depreciation and amortization	(24,726		)		(13,046		)
	Acquisition related expenses	(106		)		—

	Asset management and acquisition fees	(10,735		)		(8,457		)
	General and administrative	(1,957		)		(1,668		)
	Gain (loss) on derivative instruments, net	5,741				6,286

	Gain (loss) on sale of real estate investments	1,013				—

	Interest expense	(12,376		)		(14,061		)
	Interest income	185				184

	Benefit (provision) for income taxes	(89		)		(67		)
	Gain (loss) on sale or dissolution of unconsolidated joint venture	11,311				15,965

	Equity in earnings (losses) of unconsolidated entities, net	40,945				2,595

	Income (loss) from discontinued operations, net of taxes	(183		)		148,661

	Net income (loss)	$	42,325			$	157,819

Organization_Public_Offering_D

Organization (Public Offering) (Details) (USD $)	3 Months Ended	45 Months Ended	118 Months Ended	0 Months Ended	24 Months Ended	21 Months Ended
Share data in Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Apr. 03, 2014	Jun. 30, 2012	Mar. 31, 2014
	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Subsequent Event [Member]	$150.0 Million DRIP, effective July 1, 2010 [Member]	$300.0 Million DRIP, effective July 1, 2012 [Member]
Dividend Reinvestment Plan [Line Items]	'	'	'	'	'	'
Effective date of dividend reinvestment plan	'	'	'	'	1-Jul-10	1-Jul-12
Maximum proceeds from dividend reinvestment plan	'	'	'	'	$150,000,000	$300,000,000
Closing date of dividend reinvestment plan	'	'	'	'	30-Jun-12	'
Stock issued during period value dividend reinvestment plan	'	166,800,000	'	5,600,000	'	'
Stock issued during period shares dividend reinvestment plan	'	20.6	'	0.9	'	'
Date stock issued during period value dividend reinvestment plan	'	'	'	1-Apr-14	'	'
Entity incorporation date of incorporation	5-Aug-03	'	'	'	'	'
Proceeds from issuance of common stock	'	'	$2,700,000,000	'	'	'

Organization_Organization_Owne

Organization Organization (Ownership Percentages) (Details)	3 Months Ended	12 Months Ended
Organization Organization (Ownership Percentages) (Details)	Mar. 31, 2014	Dec. 31, 2013
Hines [Member]	'	'
Subsidiary Of Limited Liability Company Or Limited Partnership [Line Items]	'	'
Subsidiary of limited liability company or limited partnership ownership interest	93.50%	93.80%
Hines 2005 VS I LP [Member]	'	'
Subsidiary Of Limited Liability Company Or Limited Partnership [Line Items]	'	'
Minority interest ownership percentage by noncontrolling owners	0.50%	0.50%
HALP Associates Limited Partnership [Member]	'	'
Subsidiary Of Limited Liability Company Or Limited Partnership [Line Items]	'	'
Subsidiary of limited liability company or limited partnership ownership interest	6.00%	5.70%

Organization_Investment_Proper

Organization (Investment Property) (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014	Jan. 31, 2014
In Millions, unless otherwise specified	properties	Domestic Office Properties [Member]	Domestic Industrial Properties [Member]	Domestic Grocery Anchored Retail Properties [Member]	Domestic Grocery Anchored Retail Properties [Member]	Grocery-Anchored Portfolio Transaction [Member]	Grocery-Anchored Portfolio Transaction [Member]	Grocery Anchored Portfolio [Member]
		properties	properties	states	shopping_center	Hines [Member]	Weingarten [Member]
				shopping_center		shopping_center	shopping_center
Real Estate Properties [Line Items]	'	'	'	'	'	'	'	'
Number of real estate properties (in properties)	39	30	1	8	12	'	'	'
Number of real estate properties distributed as a result of dissolution of joint venture	'	'	'	'	'	8	4	'
Number of states in which entity operates	'	'	'	4	'	'	'	'
Cash received as a result of dissolution of joint venture	'	'	'	'	'	'	'	$0.40

Organization_Equity_Method_Inv

Organization (Equity Method Investments) (Details) (Hines US Core Office Fund LP [Member])	Mar. 31, 2014	Dec. 31, 2013
Hines US Core Office Fund LP [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity method investment, ownership percentage	28.80%	28.80%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Equity Method Investments) (Details) (Unconsolidated Properties [Member], USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Hines US Core Office Fund LP [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity method investment, OTTI	$0	$0
Grocery Anchored Portfolio [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Equity method investment, OTTI	'	$0

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Impairment of Real Estate) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Directly-Owned Properties	'	'
Impairment Charges [Line Items]	'	'
Impairment losses	$0	$0
Indirectly-Owned Properties [Member]	'	'
Impairment Charges [Line Items]	'	'
Impairment losses	$0	$0

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended					1 Months Ended
	Mar. 31, 2014		Mar. 31, 2013	Dec. 31, 2013		Jan. 31, 2013
						Unconsolidated Properties [Member]
						Distribution Park Rio [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]	'		'	'		'
Loss related to currency translation adjustment, disposals	'		'	'		$900,000
Allowance for doubtful accounts receivable	4,700,000		'	4,600,000		'
Amortization of lease incentives	4,000,000		4,500,000	'		'
Amortization of deferred leasing fees	1,300,000		1,700,000	'		'
Other Assets [Abstract]	'		'	'		'
Deposit on investment property	0	[1]	'	30,000,000	[1]	'
Prepaid insurance	220,000		'	686,000		'
Prepaid/deferred taxes	2,003,000		'	517,000		'
Other	1,559,000		'	769,000		'
Total	3,782,000		'	31,972,000		'
Prepaid rent	8,600,000		'	6,200,000		'
Straight-line rent receivables	$41,700,000		'	$40,900,000		'

[1]	In December 2013, the Company funded a $30.0 million deposit related to its acquisition of the Howard Hughes Center which the Company acquired in January 2014.

Summary_of_Significant_Account6

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnest Money Deposits) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Summary Of Significant Accounting Policies Table [Line Items]	'		'
Earnest money deposits	$0	[1]	$30,000	[1]
Howard Hughes Center [Member]	'		'
Summary Of Significant Accounting Policies Table [Line Items]	'		'
Earnest money deposits	'		$30,000

[1]	In December 2013, the Company funded a $30.0 million deposit related to its acquisition of the Howard Hughes Center which the Company acquired in January 2014.

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Redemptions) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Redemption [Line Items]	'	'
Redemption requests received	$10.20	$51.20
Proceeds from issuance of common stock, dividend reinvestment plan	5.8	23
Common stock redemption liabilities	$10.10	$12.90
Ordinary Redemption Per Share Price determined in November 2013 [Member]	'	'
Redemption [Line Items]	'	'
Share redemption plan share price	$5.45	'
Death and Disability Redemption Per Share Price determined in November 2013 [Member]	'	'
Redemption [Line Items]	'	'
Share redemption plan share price	$6.40	'

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)	3 Months Ended							1 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Buildings and improvements [Member]	Buildings and improvements [Member]	Land [Member]	Land [Member]	Minneapolis Office Flex Portfolio [Member]
Property Subject To Or Available For Operating Lease [Line Items]	'	'	'	'	'	'	'	'
Buildings and improvements	'	'	'	$1,563,045,000	$1,185,833,000	$451,233,000	$249,466,000	'
Less: accumulated depreciation	'	'	'	-187,720,000	-178,720,000	'	'	'
Buildings and improvements, net	1,826,558,000	'	1,256,579,000	1,375,325,000	1,007,113,000	'	'	'
Contract sales price	'	'	'	'	'	'	'	8,100,000
Gain (loss) on sale of real estate investments	$1,013,000	$0	'	'	'	'	'	$1,000,000

Real_Estate_Investments_Intang

Real Estate Investments (Intangible Assets) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Finite Lived Intangible Assets [Line Items]	'	'
Intangible lease assets, net	$188,800	$69,911
Below Market Lease [Abstract]	'	'
Out-of-Market Lease Liabilities, Cost	68,917	41,824
Out-of-Market Lease Liabilities, Less: accumulated Amortization	-33,267	-31,978
Out-of-Market Lease Liabilities, Net	35,650	9,846
In-Place Leases	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Cost	286,805	163,661
Less: accumulated amortization	-120,236	-110,412
Intangible lease assets, net	166,569	53,249
Out-of-Market Lease Assets	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Cost	45,155	38,721
Less: accumulated amortization	-22,924	-22,059
Intangible lease assets, net	$22,231	$16,662

Real_Estate_Investments_Intang1

Real Estate Investments (Intangible Assets 2) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
In-Place Leases	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Amortization of intangible assets	$13,500,000	$5,300,000
Finite Lived Intangible Assets Future Amortization Expense [Abstract]	'	'
April 1, 2014 through December 31, 2014	35,550,000	'
2015	37,470,000	'
2016	27,032,000	'
2017	18,646,000	'
2018	14,106,000	'
Out-of-Market Leases, Net	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Amortization of intangible assets	700,000	900,000
Finite Lived Intangible Assets Future Amortization Expense [Abstract]	'	'
April 1, 2014 through December 31, 2014	-1,975,000	'
2015	-1,946,000	'
2016	-693,000	'
2017	678,000	'
2018	$342,000	'

Real_Estate_Investments_Minimu

Real Estate Investments (Minimum Rentals Receivable) (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2014
Real Estate [Abstract]	'
April 1, 2014 through December 31, 2014	$131,322
2015	166,288
2016	145,228
2017	120,818
2018	100,720
Thereafter	460,990
Total	$1,125,366

Recent_Acquisitions_of_Real_Es2

Recent Acquisitions of Real Estate Recent Acquisitions of Real Estate (Details) (USD $)	3 Months Ended		1 Months Ended	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Jan. 31, 2014	Mar. 31, 2014		Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
	properties		Grocery Anchored Portfolio [Member]	Grocery Anchored Portfolio [Member]		Howard Hughes Center [Member]	Minimum [Member]	Maximum [Member]
							Grocery Anchored Portfolio [Member]	Grocery Anchored Portfolio [Member]
Business Acquisition [Line Items]	'	'	'	'		'	'	'
Document Period End Date	31-Mar-14	'	'	'		'	'	'
Number of real estate properties acquired	9	'	'	'		'	'	'
Proceeds from step acquisition	'	'	$400,000	'		'	'	'
Step acquisition, fair value of previous held interest	'	'	'	167,200,000		'	'	'
Fair Value Inputs, Discount Rate	'	'	'	'		'	6.50%	9.00%
Gain (loss) on sale or dissolution of unconsolidated joint venture	11,311,000	15,965,000	11,300,000	'		'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]	'	'	'	'		'	'	'
Acquisition Date	'	'	'	1-Jan-14	[1]	15-Jan-14	'	'
Building and Improvements	'	'	'	102,506,000	[1]	278,378,000	'	'
Land	'	'	'	63,900,000	[1]	138,820,000	'	'
In-place Lease Intangibles	'	'	'	24,980,000	[1]	101,840,000	'	'
Out-of-Market Lease Intangibles, Net	'	'	'	-12,670,000	[1]	-8,290,000	'	'
Discount related to assumed mortgage loan	'	'	'	-500,000	[1]	0	'	'
Business combination, net assets acquired and liabilities assumed	$688,900,000	'	'	$178,216,000	[1]	$510,748,000	'	'

[1]	The Grocery Anchored Portfolio Transaction, which was a step acquisition, was accounted for as a business combination resulting in the assets acquired and liabilities assumed being recorded at fair value as a result of the step acquisition. Prior to the acquisition, the joint venture with Weingarten was considered a variable interest entity and was accounted for under the equity method of accounting, since the Company did not have the ability to direct the significant activities that affect the economic performance of the joint venture. The Company received $0.4 million in cash as a result of the step acquisition and determined the fair value of our previously held interest was $167.2 million. Fair value of the Companybs equity interest was estimated using market-based measurements, including cash flow and other valuation techniques. The fair value measurement is based on both significant inputs for similar assets and liabilities in comparable markets and significant inputs that are not observable in the markets in accordance with our fair value measurements accounting policy. Key assumptions include third-party broker valuation estimates; discount rates ranging from 6.5% to 9.0%; a terminal capitalization rate for similar properties; and factor that the Company believes market participants would consider in estimating fair value. In addition, the Company recognized an $11.3 million gain, which represented the difference between the book value and the fair value of our previously held equity method investment in the joint venture with Weingarten and has been included in the line item, bGain (loss) on sale or dissolution of unconsolidated joint ventureb in the condensed consolidated statement of operations.

Recent_Acquisitions_of_Real_Es3

Recent Acquisitions of Real Estate Recent Acquisitions of Real Estate (Intangible Assets) (Details)	3 Months Ended
	Mar. 31, 2014
Grocery Anchored Portfolio [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Below-Market Lease Liabilities, weighted average useful life	'39 years 3 months
Grocery Anchored Portfolio [Member] \| Above Market Leases [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Lease assets, weighted average useful life	'7 years 1 month 17 days
Grocery Anchored Portfolio [Member] \| Leases, Acquired-in-Place [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Lease assets, weighted average useful life	'15 years 5 months 5 days
Howard Hughes Center [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Below-Market Lease Liabilities, weighted average useful life	'6 years 22 days
Howard Hughes Center [Member] \| Above Market Leases [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Lease assets, weighted average useful life	'4 years 8 months 16 days
Howard Hughes Center [Member] \| Leases, Acquired-in-Place [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Lease assets, weighted average useful life	'4 years 4 months 17 days

Recent_Acquisitions_of_Real_Es4

Recent Acquisitions of Real Estate Recent Acquisitions of Real Estate (Pro Forma Information) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Business Acquisition [Line Items]	'	'
Acquisition related expenses excluded from pro forma net loss	$1,100,000	'
Pro forma revenue	62,232,000	59,807,000
Pro forma net income (loss)	30,352,000	-12,910,000
Pro forma earnings per share basic and diluted (in dollars per share)	$0.13	($0.06)
Grocery Anchored Portfolio [Member]	'	'
Business Acquisition [Line Items]	'	'
Pro forma information, revenue of acquiree since acquisition date, actual	4,405,000	'
Pro forma information, net income (loss) of acquiree since acquisition date, actual	827,000	'
Realized gain (loss) on disposal excluded from pro forma net income (loss)	11,300,000	'
Howard Hughes Center [Member]	'	'
Business Acquisition [Line Items]	'	'
Pro forma information, revenue of acquiree since acquisition date, actual	10,881,000	'
Pro forma information, net income (loss) of acquiree since acquisition date, actual	-3,215,000	'
Distribution Park Rio [Member]	'	'
Business Acquisition [Line Items]	'	'
Realized gain (loss) on disposal excluded from pro forma net income (loss)	$16,000,000	'

Discontinued_Operations_Schedu

Discontinued Operations (Schedule of Discontinued Operating Results) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Rental revenue	($41)	$19,329
Other revenue	-22	3,193
Total revenues	-63	22,522
Expenses:	'	'
Property operating expenses	126	5,828
Real property taxes	0	2,497
Property management fees	-1	457
Depreciation and amortization	0	4,789
Total expenses	125	13,571
Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	-188	8,951
Interest expense	0	-4,197
Interest income	5	6
Benefit (provision) for income taxes	0	-51
Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	-183	4,709
Gain (loss) on sale of discontinued operations	0	143,952
Income (loss) from discontinued operations	-183	148,661
Income (loss) from continuing operations attributable to common stockholders	42,422	17,011
Income (loss) from discontinued operations attributable to common stockholders	-171	140,670
Net income (loss) attributable to common stockholders	$42,251	$157,681
Basic and diluted income (loss) per share attributable to common stockholders	'	'
Income (loss) from continuing operations (in dollars per share)	$0.19	$0.07
Income (loss) from discontinued operations (in dollars per share)	$0	$0.60

Recovered_Sheet1

Investment in Unconsolidated Entities (Rollforward of Activity) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013
	properties		Hines Us Core Office Fund Lp [Member]	Hines Us Core Office Fund Lp [Member]	Hines Us Core Office Fund Lp [Member]	Hines Us Core Office Fund Lp [Member]	Grocery Anchored Portfolio [Member]
					Indirectly-Owned Properties [Member]	Indirectly-Owned Properties [Member]	Indirectly-Owned Properties [Member]
					properties	properties
Real Estate Properties [Line Items]	'	'	'	'	'	'	'
Number of real estate properties (in properties)	39	'	'	'	12	13	'
Equity method investment, ownership percentage	'	'	28.80%	28.80%	'	'	70.00%
Investment in Unconsolidated Entities [Roll Forward]	'	'	'	'	'	'	'
Beginning balance	$393,695	$329,418	'	'	'	'	'
Distributions declared	-51,836	-5,589	'	'	'	'	'
Equity in earnings (losses)	40,945	2,595	'	'	'	'	'
Effect of sale or dissolution of unconsolidated joint venture	-156,325	-25,536	'	'	'	'	'
Ending balance	$226,479	$300,888	'	'	'	'	'

Investment_in_Unconsolidated_E1

Investment in Unconsolidated Entities (Summarized Financial Data) (Balance Sheets) (Details) (Hines Us Core Office Fund Lp [Member], USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Hines Us Core Office Fund Lp [Member]	'	'
Assets	'	'
Cash	$136,514	$112,151
Investment property, net	2,030,803	2,042,690
Other assets	465,703	590,610
Total Assets	2,633,020	2,745,451
Liabilities and Equity	'	'
Debt	1,325,982	1,327,315
Other liabilities	198,724	260,460
Redeemable noncontrolling interests	257,994	268,871
Equity	850,320	888,805
Total Liabilities and Equity	$2,633,020	$2,745,451

Investment_in_Unconsolidated_E2

Investment in Unconsolidated Entities (Summarized Financial Data) (Statements of Operations) (Details) (Hines Us Core Office Fund Lp [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Hines Us Core Office Fund Lp [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Total revenues and gains	$62,976	$63,481
Total expenses	65,453	65,498
Income (loss) from continuing operations	-2,477	-2,017
Income (loss) from discontinued operations	174,155	17,572
Net income (loss)	171,678	15,555
Less (income) loss allocated to noncontrolling interests	-30,579	-5,696
Net income (loss) attributable to parent	$141,099	$9,859

Investment_in_Unconsolidated_E3

Investment in Unconsolidated Entities (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended	1 Months Ended		3 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Jan. 31, 2014	Sep. 30, 2004	Mar. 31, 2014	Jan. 31, 2014
		Hines US Core Office Fund LP [Member]	Hines US Core Office Fund LP [Member]	Hines US Core Office Fund LP [Member]	Hines US Core Office Fund LP [Member]	Hines US Core Office Fund LP [Member]	Hines REIT [Member]
		properties	properties	Indirectly-Owned Properties [Member]	Indirectly-Owned Properties [Member]	Indirectly-Owned Properties [Member]	Hines US Core Office Fund LP [Member]
				101 Second Street [Member]	101 Second Street [Member]	Douglas Corporate Center [Member]	Indirectly-Owned Properties [Member]
							101 Second Street [Member]
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'
Number of real estate properties sold (in properties)	'	1	3	'	'	'	'
Real estate, contract purchase price	'	'	'	'	$157	'	'
Real estate, contract sales price	'	'	'	297.5	'	'	'
Gain on sale of office property	'	'	'	$174.40	'	'	$41.90
Document Period End Date	31-Mar-14	'	'	'	'	'	'
Long-term debt, event of default	'	'	'	'	'	'Due to the deterioration in the financial condition of Douglas Corporate Center, the Core Fund elected to not make debt service payments on the secured, nonrecourse mortgage loan at the property. This resulted in a default, and effective January 2, 2013, a foreclosure on the property by the lender in which the Core Fund relinquished all rights and title to the property and was relieved of the entire value of the mortgage loan.	'

Debt_Financing_Details

Debt Financing (Details) (USD $)

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Jan. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Acquisition Credit Agreement [Member]

Arapahoe Business Park I [Member]

Arapahoe Business Park II [Member]

1515 S. Street [Member]

345 Inverness Drive [Member]

Airport Corporate Center [Member]

JP Morgan Chase Tower [Member]

Heritage Station [Member]

Thompson Bridge Commons [Member]

Citymark, 321 North Clark, 1900 and 2000 Alameda [Member]

3400 Data Drive, 2100 Powell [Member]

Daytona And Laguna Buildings [Member]

3 Huntington Quadrangle [Member]

Fifth and Bell [Member]

JPMorgan Chase [Member]

Secured Mortgage Debt [Member]

extension_option

HSH Nordbank [Member]

Debt Instrument [Line Items]

Debt, weighted average years to maturity

'2 years 1 month 0 days

'3 years 3 months

Debt, weighted average interest rate

4.00%

5.00%

Maturity Date

15-May-14

[1]

11-Jun-15

11-Nov-15

1-Sep-16

11-Dec-16

1-Sep-21

1-Feb-16

1-Jan-15

1-Mar-18

1-Aug-16

23-Jan-17

2-May-17

19-Jul-17

14-Aug-17

Interest Rate Description

'Variable

[1]

'Fixed

'Variable

'Fixed

'Fixed via swap

Interest Rate

1.76%

[1]

5.33%

5.53%

4.25%

5.85%

5.14%

2.66%

5.38%

6.02%

5.86%

5.25%

5.36%

5.98%

6.03%

Debt, Principal Outstanding

$1,186,182,000

$796,884,000

$380,000,000

[1]

$9,232,000

$9,272,000

$9,699,000

$9,744,000

$38,485,000

$38,741,000

$14,642,000

$14,701,000

$78,344,000

$78,628,000

$155,898,000

$156,798,000

$5,468,000

$5,414,000

$185,000,000

$98,000,000

$119,000,000

$48,000,000

$39,000,000

Unamortized Discount

-585,000

[2]

-1,169,000

[2]

Notes Payable

1,185,597,000

795,715,000

Debt instrument, face amount

425,000,000

Debt instrument, number of extension options

Debt instrument, term of extension option

'30 days

Debt financing fees waived

4,300,000

Proceeds from lines of credit

425,000,000

Repayments of lines of credit

45,000,000

Amount of principal no longer due in current fiscal year

380,000,000

Maturities Of Long Term Debt Abstract

April 1, 2014 through December 31, 2014

382,274,000

[3]

2015

26,851,000

2016

393,297,000

2017

305,642,000

2018

5,790,000

Thereafter

$72,328,000

[1]

See the discussion following the heading bJPMorgan Acquisition Credit Agreementb below for additional information regarding the Company's acquisition credit facility.

[2]

The Company assumed notes payable in connection with various acquisitions, which were recorded at their estimated fair value as of the date of acquisition. The difference between the fair value at acquisition and the principal outstanding is amortized over the term of the related note.

[3]

See Note 16 b Subsequent Events regarding the credit agreement the Company entered into in April 2014. As a result of this agreement, $380.0 million of principal payments are no longer due for the April 1, 2014 through December 31, 2014 period.

Derivative_Instruments_Details

Derivative Instruments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Derivative Instruments Not Designated As Hedging Instruments [Abstract]	'	'	'
Liability Derivatives Fair Value	$61,911	'	$67,652
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net [Abstract]	'	'	'
Gain (loss) on interest rate swap, net	5,741	6,286	'
Interest Rate Swap [Member]	'	'	'
Derivative Instruments Not Designated As Hedging Instruments [Abstract]	'	'	'
Liability Derivatives Fair Value	61,911	'	67,652
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net [Abstract]	'	'	'
Gain (loss) on interest rate swap, net	5,741	6,286	'
Interest Rate Swap [Member] \| Contract 1 [Member]	'	'	'
Derivative [Line Items]	'	'	'
Effective Date	1-Aug-06	'	'
Expiration Date	1-Aug-16	'	'
Notional Amount	185,000	'	'
Interest Rate Received	'LIBOR	'	'
Interest Rate Paid	5.46%	'	'
Interest Rate Swap [Member] \| Contract 2 [Member]	'	'	'
Derivative [Line Items]	'	'	'
Effective Date	12-Jan-07	'	'
Expiration Date	12-Jan-17	'	'
Notional Amount	98,000	'	'
Interest Rate Received	'LIBOR	'	'
Interest Rate Paid	4.85%	'	'
Interest Rate Swap [Member] \| Contract 3 [Member]	'	'	'
Derivative [Line Items]	'	'	'
Effective Date	1-May-07	'	'
Expiration Date	1-May-17	'	'
Notional Amount	119,000	'	'
Interest Rate Received	'LIBOR	'	'
Interest Rate Paid	4.96%	'	'
Interest Rate Swap [Member] \| Contract 4 [Member]	'	'	'
Derivative [Line Items]	'	'	'
Effective Date	17-Jul-07	'	'
Expiration Date	17-Jul-17	'	'
Notional Amount	48,000	'	'
Interest Rate Received	'LIBOR	'	'
Interest Rate Paid	5.58%	'	'
Interest Rate Swap [Member] \| Contract 5 [Member]	'	'	'
Derivative [Line Items]	'	'	'
Effective Date	27-Jul-07	'	'
Expiration Date	24-Jul-17	'	'
Notional Amount	$39,000	'	'
Interest Rate Received	'LIBOR	'	'
Interest Rate Paid	5.58%	'	'

Distributions_Narrative_Detail

Distributions Narrative (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Distributions declared per common share (in dollars per share)	$0.07	$0.12
Distributions Declared for July 2010 through March 2013 [Member]	'	'
Common stock dividends, per share, per day	$0.00	'
Distributions paid from sales proceeds, per share, per day	$0.00	'
Special Distribution paid during the three months ended June 30, 2013 [Member]	'	'
Dividends payable, date declared	25-Mar-13	'
Dividends, cash	$198	'
Distributions declared per common share (in dollars per share)	$0.80	'
Dividends payable, date of record	2-Apr-13	'
Aggregate Special Distributions [Member]	'	'
Distributions declared per common share (in dollars per share)	$1.01	'
Distributions Declared for April 2013 through May 2014 [Member]	'	'
Common stock dividends, per share, per day	$0.00	'

Distributions_Details

Distributions (Details) (USD $)

3 Months Ended

12 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Cash Distributions

$9,552,000

[1]

$9,786,000

[1]

$9,769,000

[1]

$9,829,000

[1]

$214,893,000

[1]

$244,277,000

[1]

Distributions Reinvested

5,613,000

[1]

5,811,000

[1]

5,902,000

[1]

5,913,000

[1]

11,175,000

[1]

28,801,000

[1]

Total Declared

15,165,000

[1]

15,597,000

[1]

15,671,000

[1]

15,742,000

[1]

226,068,000

[1],[2]

273,078,000

[1]

Noncontrolling Interests, Total Declared

74,000

[1]

75,000

[1]

75,000

[1]

960,000

[1]

138,000

[1]

1,248,000

[1]

Distributions paid from sales proceeds

206,700,000

Participation Interest [Member]

Total Declared

1,000,000

900,000

1,500,000

Participation Interest In Operating Partnership [Member] | HALP Associates Limited Partnership [Member] | Special Distribution [Member]

Total Declared

$10,000,000

[1]

Except as noted below, excluded from this table are distributions declared with respect to the Participation Interest (as discussed further in Note 10 b Related Party Transactions). The amount of distributions declared with respect to the Participation Interest for the quarter ended March 31, 2014 was $1.0 million. The distributions declared with respect to the Participation Interest for the quarters ended December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013 were $0.9 million, $0.9 million, $0.9 million and $1.5 million, respectively. Included in the $226.1 million amount declared at March 31, 2013 above is the $10.0 million special distribution declared in March 2013 to the Participation Interest.

[2]

As stated above, a portion of the total distributions declared were designated by the Company as special distributions and funded using proceeds from sales of investment properties, which represented a return of a portion of the stockholders, and noncontrolling interest holdersb invested capital. For the year ended December 31, 2013, $206.7 million of the total distributions declared to the Companybs stockholders and non-controlling interests were paid using such sales proceeds.

Related_Party_Transactions_By_

Related Party Transactions (By Category) (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Jan. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jan. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jan. 31, 2014

Special Distribution paid during the three months ended June 30, 2013 [Member]

HALP Associates Limited Partnership [Member]

the Advisor [Member]

Participation Interest [Member]

Hines [Member]

Acquisition Credit Agreement [Member]

Participation Interest In Operating Partnership [Member]

Howard Hughes Center [Member]

Acquisition Fee [Member]

Asset Management Fee [Member]

Debt Financing Fee Advisor [Member]

Other Advisor [Member]

Howard Hughes Center [Member]

Property Management Fee Hines [Member]

Leasing Fee Hines [Member]

Tenant Construction Management Fee Hines [Member]

Expense Reimbursement Hines [Member]

JPMorgan Chase [Member]

Special Distribution paid during the three months ended June 30, 2013 [Member]

Related Party Transaction [Line Items]

Expenses incurred to related parties

$6,017,000

[1]

$4,685,000

[1]

$1,012,000

[2]

$3,706,000

$3,772,000

$3,600,000

[3]

$809,000

$833,000

$1,399,000

$1,524,000

$27,000

$1,443,000

$4,000

$17,000

$4,009,000

$4,188,000

Participation interest liability

96,458,000

91,376,000

96,458,000

[1]

91,376,000

[1]

Due to affiliates

4,145,000

3,686,000

1,232,000

1,185,000

449,000

767,000

410,000

-16,000

1,551,000

1,535,000

12,000

1,000

491,000

214,000

Distributions declared per common share (in dollars per share)

$0.07

$0.12

$0.80

Dividends

15,165,000

[4]

15,597,000

[4]

15,671,000

[4]

15,742,000

[4]

226,068,000

[4],[5]

273,078,000

[4]

10,000,000

Acquisition fees

5,000,000

Acquisition fees waived

1,500,000

2,500,000

Debt financing fees waived

$4,300,000

[1]

The Company recorded a liability related to the Participation Interest based on its estimated settlement value in the accompanying condensed consolidated balance sheets. This liability is remeasured at fair value based on the related redemption price in place as of each balance sheet plus any unpaid distributions. As described previously in Note 9 b Distributions, the Company declared an $0.80 special distribution (or $10.0 million, in total, to the Participation Interest) to all stockholders of the Company in March 2013, which represented a reduction in the Participation Interest liability to reflect a return of capital for the period ending March 31, 2013.

[2]

In connection with the acquisition of the Howard Hughes Center, the Company was obligated to pay approximately $5.0 million of acquisition fees to the Advisor, half of which was payable in cash and half of which was payable as an increase to the Participation Interest. The Advisor and HALP, the holder of the Participation Interest, respectively, agreed to waive $1.5 million of the cash acquisition fee and the entire $2.5 million acquisition fee payable related to the Participation Interest.

[3]

In connection with the financing pursuant to the JPMorgan Acquisition Credit Agreement, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor. See Note 7 b Debt Financing for additional information on the debt financing fee waived.

[4]

[5]

Changes_in_Other_Assets_and_Li

Changes in Other Assets and Liabilities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Increase (Decrease) in Operating Capital [Abstract]	'	'
Change in other assets	($1,810)	($1,056)
Change in tenant and other receivables	-5,043	-3,096
Change in deferred leasing costs	-2,939	-13,119
Change in accounts payable and accrued expenses	900	-20,215
Change in participation interest liability	5,082	3,212
Change in other liabilities	1,010	-2,404
Change in due to affiliates	458	4,427
Changes in assets and liabilities	($2,342)	($32,251)

Supplemental_Cash_Flows_Detail

Supplemental Cash Flows (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Supplemental Disclosure of Cash Flow Information	'	'	'
Cash paid for interest	$11,236	$15,991	'
Cash paid for income taxes	0	0	'
Supplemental Schedule of Non-Cash Activities	'	'	'
Distributions declared and unpaid	15,238	226,205	15,672
Assumption of mortgages upon dissolution of joint venture	10,947	0	'
Noncash net assets acquired upon acquisition of property	172,244	0	'
Distributions Reinvested [Member]	'	'	'
Supplemental Schedule of Non-Cash Activities	'	'	'
Other significant non-cash transaction	5,811	11,631	'
Shares Tendered for Redemption [Member]	'	'	'
Supplemental Schedule of Non-Cash Activities	'	'	'
Shares tendered for redemption	$10,095	$2,967	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (Hsh Nordbank [Member], Performance Guarantee [Member], HSH Occupancy Covenant [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Hsh Nordbank [Member] \| Performance Guarantee [Member] \| HSH Occupancy Covenant [Member]	'
Guarantee Obligations [Line Items]	'
Combined occupancy requirement	85.00%
Guarantee obligations, minimum occupancy	90.00%
Guarantee obligations, maximum exposure	$15,800,000
Guarantor obligations, current carrying value	$0
Guarantee obligations, triggering event	'The credit agreement for the HSH pooled mortgage facility requires that the properties financed by this facility maintain a combined occupancy at or above 85%. As of March 31, 2014, certain properties caused us to fail to meet this occupancy requirement. As a result, the facilitybs limited payment guaranty to which the Company is a party has been triggered, requiring the Company to commit to fund a property leasing guaranty in an amount that would be required to increase the occupancy of all individual borrowings base assets to 90%.

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended		12 Months Ended
Fair Value Measurements (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Interest rate swap contracts	$61,911,000	'	$67,652,000
Notes payable carrying amount	1,185,597,000	'	795,715,000
Borrowings Member	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Notes payable carrying amount	1,185,600,000	'	795,700,000
Notes payable estimated fair value	1,184,000,000	'	794,100,000
Fair Value Measurements Recurring [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Interest rate swap contracts	61,911,000	'	67,652,000
Fair Value Measurements Recurring [Member] \| Fair Value Inputs Level 2 [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Interest rate swap contracts	61,911,000	'	67,652,000
Impaired Property [Member] \| Fair Value, Measurements, Nonrecurring [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Investment properties, fair value	'	'	170,466,000
Impairment losses	0	0	33,878,000
Impaired Property [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Investment properties, fair value	'	'	$170,466,000
Fair value measurements, description of valuation processes	'The Companybs estimated fair value of investment properties was based on a comparison of recent market activity and discounted cash flow models, which include estimates of property-specific inflows and outflows over a specific holding period.	'	'
Minimum [Member] \| Impaired Property [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Fair Value Inputs, Discount Rate	'	'	5.00%
Fair value inputs, capitalization rate	'	'	6.50%
Fair value stabilized occupancy	'	'	82.00%
Fair value inputs market rental rate per square foot	'	'	3.4
Maximum [Member] \| Impaired Property [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]	'	'	'
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]	'	'	'
Fair Value Inputs, Discount Rate	'	'	9.00%
Fair value inputs, capitalization rate	'	'	9.50%
Fair value stabilized occupancy	'	'	95.00%
Fair value inputs market rental rate per square foot	'	'	12.5

Reportable_Segments_Details

Reportable Segments (Details) (USD $)

3 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Jan. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

segments

Domestic Office Properties [Member]

Domestic Industrial Properties [Member]

Domestic Grocery Anchored Retail Properties [Member]

Corporate Level Accounts [Member]

Directly-Owned Properties

Indirectly-Owned Properties [Member]

Hines Us Core Office Fund Lp [Member]

properties

shopping_center

Domestic Office Properties [Member]

Domestic Industrial Properties [Member]

Domestic Grocery Anchored Retail Properties [Member]

Domestic Office Properties [Member]

Domestic Retail Properties [Member]

Domestic Grocery Anchored Retail Properties [Member]

International Industrial Properties [Member]

Indirectly-Owned Properties [Member]

properties

shopping_center

properties

Segment Reporting Information [Line Items]

Number of reportable segments

Number of real estate properties (in properties)

Total revenues

$60,056

$42,346

$54,877

$41,570

$774

$776

$4,405

Total segment net property revenues in excess of expenses

33,302

21,427

29,548

[1]

20,903

[1]

472

[1]

524

[1]

3,282

[1]

Equity in earnings (losses) of unconsolidated entities, net

40,945

2,595

40,945

2,552

-5

Total assets

$2,625,753

$2,182,723

$172,888

[2]

$262,623

[3]

$1,991,045

$1,489,901

$36,155

$36,504

$199,186

$226,479

$237,110

$156,585

[1]

Revenues less property operating expenses, real property taxes and property management fees.

[2]

This amount primarily consists of cash and cash equivalents at the corporate level, including the cash collateral deposit related to the letter of credit with the Bank of Montreal.

[3]

This amount primarily consists of cash and cash equivalents at the corporate level, including proceeds from the sale of the Companybs directly and indirectly-owned investments, proceeds from the Core Fund distribution the Company received in August 2013 as well as the cash collateral deposit related to the letter of credit with the Bank of Montreal.

Reportable_Segments_Reconcilia

Reportable Segments (Reconciliation to Consolidated) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting [Abstract]	'	'
Total segment net property revenues in excess of expenses	$33,302	$21,427
Depreciation and amortization	-24,726	-13,046
Acquisition related expenses	-106	0
Asset management and acquisition fees	-10,735	-8,457
General and administrative	-1,957	-1,668
Gain (loss) on derivative instruments, net	5,741	6,286
Gain (loss) on sale of real estate investments	1,013	0
Interest expense	-12,376	-14,061
Interest income	185	184
Benefit (provision) for income taxes	-89	-67
Gain (loss) on sale or dissolution of unconsolidated joint venture	11,311	15,965
Equity in earnings (losses) of unconsolidated entities, net	40,945	2,595
Income (loss) from discontinued operations, net of taxes	-183	148,661
Net income (loss)	$42,325	$157,819

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Sep. 30, 2007

Apr. 30, 2014

8-May-14

Jan. 31, 2014

Mar. 31, 2014

Apr. 30, 2014

Minneapolis Office Flex Portfolio [Member]

Subsequent Event [Member]

Acquisition Credit Agreement [Member]

Revolving Credit Facility - Revolving Loan [Member]

Revolving Credit Facility - Term Loan [Member]

Revolving Credit Facility [Member]

Minneapolis Office Flex Portfolio [Member]

JPMorgan Chase [Member]

Subsequent Event [Member]

the Advisor [Member]

JPMorgan Chase [Member]

Subsequent Event [Line Items]

Net contract purchase price

$87,000,000

Contract sales price

8,100,000

75,500,000

Revolving credit facility, current borrowing capacity

225,000,000

200,000,000

Debt instrument, face amount

170,000,000

200,000,000

425,000,000

Repayments of lines of credit

45,000,000

10,000,000

370,000,000

Long-term debt, outstanding

1,186,182,000

796,884,000

380,000,000

[1]

Debt instrument, interest rate at period end

1.86%

1.76%

[1]

Debt, maturity date

1-Apr-17

1-Apr-18

15-May-14

[1]

Debt instrument, term of extension option

'1 year

'30 days

Debt financing fees waived

$4,300,000

[1]

See the discussion following the heading bJPMorgan Acquisition Credit Agreementb below for additional information regarding the Company's acquisition credit facility.