Hines Real Estate Investment Trust 10-Q 13 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	8-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	Hines Real Estate Investment Trust Inc
Entity Central Index Key	1262959
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		223.8

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
ASSETS:
Investment property, net	$1,797,378	$1,634,658
Investments in unconsolidated entities	164,079	187,668
Cash and cash equivalents	51,737	56,821
Restricted cash	2,344	3,049
Distributions receivable	56,788	7,199
Tenant and other receivables, net	46,932	45,851
Intangible lease assets, net	159,523	145,688
Deferred leasing costs, net	147,435	126,772
Deferred financing costs, net	3,118	3,476
Other assets	3,735	17,810
TOTAL ASSETS	2,433,069	2,228,992
LIABILITIES:
Accounts payable and accrued expenses	75,052	64,534
Due to affiliates	8,080	4,694
Intangible lease liabilities, net	30,281	28,762
Other liabilities	15,371	14,799
Interest rate swap contracts	31,200	34,393
Participation interest liability	112,649	108,911
Distributions payable	15,004	15,403
Notes payable	1,025,362	867,658
Total liabilities	1,312,999	1,139,154
Commitments and contingencies
EQUITY:
Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or outstanding as of March 31, 2015 and December 31, 2014
Common shares, $.001 par value; 1,500,000 common shares authorized, 224,260 and 225,207 common shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	224	225
Additional paid-in capital	1,055,911	1,072,754
Retained earnings (deficit)	64,936	17,649
Accumulated other comprehensive income (loss)	-1,001	-790
Total stockholders’ equity	1,120,070	1,089,838
Noncontrolling interests	0	0
Total equity	1,120,070	1,089,838
TOTAL LIABILITIES AND EQUITY	$2,433,069	$2,228,992

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	224,260,000	225,207,000
Common stock, shares outstanding	224,260,000	225,207,000

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, 2015	Mar. 31, 2014
Revenues:
Rental revenue	$51,826	$56,030
Other revenue	4,164	4,026
Total revenues	55,990	60,056
Expenses:
Property operating expenses	14,832	17,134
Real property taxes	7,652	8,094
Property management fees	1,487	1,526
Depreciation and amortization	22,483	24,726
Acquisition related expenses	56	106
Asset management and acquisition fees	8,681	10,735
General and administrative	1,350	1,957
Total expenses	56,541	64,278
Operating income (loss)	-551	-4,222
Other income (expenses):
Gain (loss) on derivative instruments, net	3,193	5,741
Gain (loss) on sale or dissolution of unconsolidated joint venture	0	11,311
Equity in earnings (losses) of unconsolidated entities, net	33,199	40,945
Gain (loss) on sale of real estate investments	21,079	1,013
Interest expense	-9,481	-12,376
Interest income	10	185
Income (loss) from continuing operations before benefit (provision) for income taxes	47,449	42,597
Benefit (provision) for income taxes	-86	-89
Income (loss) from continuing operations	47,363	42,508
Income (loss) from discontinued operations, net of taxes	-2	-183
Net income (loss)	47,361	42,325
Less: Net income attributable to noncontrolling interests	-74	-74
Net income (loss) attributable to common stockholders	47,287	42,251
Basic and diluted income (loss) per common share (in dollars per share)	$0.21	$0.19
Distributions declared per common share (in dollars per share)	$0.07	$0.07
Weighted average number of common shares outstanding	224,260	227,765
Net comprehensive income (loss):
Net income (loss)	47,361	42,325
Other comprehensive income (loss):
Foreign currency translation adjustment	-211	-96
Net comprehensive income (loss)	47,150	42,229
Net comprehensive (income) loss attributable to noncontrolling interests	-74	-74
Net comprehensive income (loss) attributable to common stockholders	$47,076	$42,155

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interests [Member]
In Thousands, unless otherwise specified
Balance at Dec. 31, 2013		$229	$1,150,909	($29,951)	($546)	$1,120,641	$0
Balance, shares at Dec. 31, 2013		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		228	1,131,414	12,300	-642	1,143,300	0
Balance, shares at Mar. 31, 2014		227,765
Balance at Dec. 31, 2014	1,089,838	225	1,072,755	17,649	-790	1,089,839	0
Balance, shares at Dec. 31, 2014	225,207	225,207
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, shares		857
Issuance of common shares		1	5,609			5,610
Redemption of common shares, shares		-1,804
Redemption of common shares		-2	-7,521			-7,523
Distributions declared			-14,931			-14,931	-74
Other offering costs, net			-1			-1
Net income (loss)	47,287			47,287		47,287	74
Foreign currency translation adjustment					-211	-211
Balance at Mar. 31, 2015	$1,120,070	$224	$1,055,911	$64,936	($1,001)	$1,120,070	$0
Balance, shares at Mar. 31, 2015	224,260	224,260

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$47,361	$42,325
Adjustments to reconcile net income (loss) to cash from operating activities:
Depreciation and amortization	26,217	28,866
(Gain) loss on sale of real estate investments and discontinued operations	-21,079	-1,013
(Gain) loss on sale or dissolution of unconsolidated joint venture	0	-11,311
Equity in (earnings) losses of unconsolidated entities, net	-33,199	-40,945
Distributions received from unconsolidated entities	7,199	40,945
Other losses, net	38	0
(Gain) loss on derivative instruments, net	-3,193	-5,741
Net change in operating accounts	-12,375	-2,342
Net cash from operating activities	10,969	50,784
CASH FLOWS FROM INVESTING ACTIVITIES:
Distributions received from unconsolidated entities in excess of equity in earnings	0	10,891
Investments in acquired properties and lease intangibles	-188,364	-474,912
Capital expenditures at operating properties	-3,043	-1,307
Proceeds from sale of real estate investments and unconsolidated joint ventures	37,233	7,902
Change in restricted cash	705	353
Net cash from investing activities	-153,469	-457,073
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in security deposits	151	602
Redemption of common shares	-10,178	-12,974
Payments of offering costs	-7	-12
Distributions paid to stockholders and noncontrolling interests	-9,830	-9,861
Proceeds from notes payable	203,000	425,000
Payments on notes payable	-45,408	-46,648
Additions to deferred financing costs	-129	-850
Net cash from financing activities	137,599	355,257
Effect of exchange rate changes on cash	-183	-91
Net change in cash and cash equivalents	-5,084	-51,123
Cash and cash equivalents, beginning of period	56,821	133,472
Cash and cash equivalents, end of period	$51,737	$82,349

Organization

Organization	3 Months Ended
	Mar. 31, 2015
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, 2014 included in Hines Real Estate Investment Trust, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2014. 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, 2015 and the results of operations for the three months ended March 31, 2015 and 2014 and cash flows for the three months ended March 31, 2015 and 2014 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 current $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, 2015, Hines REIT received gross offering proceeds of $189.2 million from the sale of 24.1 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.
	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, 2015 and December 31, 2014, Hines REIT owned a 92.5% and 92.7% 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, 2015 and December 31, 2014. In addition, another affiliate of Hines, HALP Associates Limited Partnership (“HALP”), owned a 7.0% and 6.8% profits interest (the “Participation Interest”) in the Operating Partnership as of March 31, 2015 and December 31, 2014, respectively.
	Investment Property
	As of March 31, 2015, the Company owned direct and indirect investments in 33 properties. These properties consisted of 24 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, 2015 and December 31, 2014. 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 of January 1, 2014, the Company had consolidated the eight properties that it received as a result of the Grocery-Anchored Portfolio Transaction. 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, 2015
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, 2014 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, 2015 and 2014. 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 operating investments outside the United States as of March 31, 2015. Accumulated other comprehensive income (loss) as of March 31, 2015 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, 2015 and 2014 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 $4.5 million and $4.5 million at March 31, 2015 and December 31, 2014, respectively.
	Deferred Leasing Costs
	Tenant inducement amortization was $3.7 million and $4.0 million for the three months ended March 31, 2015 and 2014, respectively, and was recorded as an offset to rental revenue. In addition, the Company recorded $1.2 million and $1.3 million as amortization expense related to other direct leasing costs for the three months ended March 31, 2015 and 2014, respectively.
	Other Assets
	Other assets included the following (in thousands):
		March 31, 2015		December 31, 2014
	Deposit on investment property	$	—	$	15,000	(1)
	Prepaid insurance	213		724
	Prepaid/deferred taxes	2,244		537
	Other	1,278		1,549
	Total	$	3,735	$	17,810
	-1	In December 2014, the Company funded a $15.0 million deposit related to its acquisition of Civica Office Commons, which the Company acquired in February 2015.
	Revenue Recognition
	Rental payments are generally paid by the tenants prior to the beginning of each month. As of March 31, 2015 and December 31, 2014, the Company recorded liabilities of $7.8 million and $7.2 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 $41.2 million and $40.5 million as of March 31, 2015 and December 31, 2014, 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, 2015, which amount was in excess of the $5.6 million received from the issuance of shares pursuant to the dividend reinvestment plan in the prior quarter.
	The Company has recorded liabilities of $7.5 million and $10.2 million in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets as of March 31, 2015 and December 31, 2014, respectively, related to shares that were tendered for redemption and approved by the board of directors but 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 made in 2014, and $6.50 per share for redemption requests in connection with the death or disability of a stockholder made during the first quarter of 2015. The estimated per share net asset value of the Company’s common stock as of September 30, 2014 is $6.50 and was determined by the Company’s board of directors in December 2014.
	Reclassifications
	In connection with recent amendments to the Accounting Standards Codification (“ASC” or the “Codification”) regarding discontinued operations, the Company reclassified “Gain (loss) on sale or dissolution of unconsolidated joint venture”, “Equity in earnings (losses) of unconsolidated entities, net” and “Gain (loss) on sale of real estate investments”, to be included in Income (loss) from continuing operations before benefit (provision) for income taxes to simplify the presentation of the Company’s results of operations. These reclassifications did not impact previously reported net income.
	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued amendments to the Codification to provide guidance on reporting discontinued operations. These amendments raise the threshold for a disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 31, 2014 and early adoption was permitted.  The Company elected to adopt these amendments, effective January 1, 2014. As a result, the Company did not report any sales of real estate investment property in discontinued operations for the three months ended March 31, 2015 since the Company concluded that these sales do not represent a “strategic shift” in the Company’s operations. See Note 3 — Real Estate Investments for additional information regarding the sales of Citymark that did not qualify as discontinued operations as of March 31, 2015.
	In April 2015, FASB issued amendments to change its prior guidance on the presentation of debt issuance costs in financial statements.  Under the new guidance, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset.  These amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted.  Upon adoption, the Company will reclass the deferred financing costs, net to notes payable on the balance sheet.

Real_Estate_Investments

Real Estate Investments	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
REAL ESTATE INVESTMENTS	Real Estate Investments
	Investment property consisted of the following (in thousands):
		March 31, 2015			December 31, 2014
	Buildings and improvements	$	1,589,471		$	1,452,900
	Less: accumulated depreciation	(214,755		)	(206,460		)
	Buildings and improvements, net	1,374,716			1,246,440
	Land	422,662			388,218
	Investment property, net	$	1,797,378		$	1,634,658
	In February 2015, the Company sold Citymark, an office building located in Dallas, Texas. The contract sales price for Citymark was $38.9 million, exclusive of transaction costs and closing prorations. The Company originally acquired its interest in Citymark in August 2005 for $27.8 million. The Company recognized a gain on sale of this asset of $21.1 million, which was recorded in gain (loss) on sale of real estate investments on the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2015.
	Lease Intangibles
	As of March 31, 2015, 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	$	275,178		$	43,840		$	57,985
	Less: accumulated amortization	(133,538		)	(25,957		)	(27,704		)
	Net	$	141,640		$	17,883		$	30,281
	As of December 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 Liabilities
					Lease Assets
	Cost	$	254,029		$	43,834		$	56,267
	Less: accumulated amortization	(127,055		)	(25,120		)	(27,505		)
	Net	$	126,974		$	18,714		$	28,762
	Amortization expense of in-place leases was $11.4 million and $13.5 million for the three months ended March 31, 2015 and 2014, respectively, and amortization of out-of-market leases, net, increased rental revenue by $0.6 million and $0.7 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, 2015 through December 31, 2015 and for each of the years ended December 31, 2016 through 2019 is as follows (in thousands):
		In-Place Leases			Out-of-Market Leases, Net
	April 1, 2015 through December 31, 2015	$	31,447		$	(1,608	)
	2016	32,306			(847		)
	2017	23,074			215
	2018	17,664			(104		)
	2019	10,409			(877		)
	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, 2015, the approximate fixed future minimum rentals for the period from April 1, 2015 through December 31, 2015, for each of the years ended December 31, 2016 through 2019 and thereafter are as follows (in thousands):
		Fixed Future Minimum Rentals
	April 1, 2015 through December 31, 2015	$	123,696
	2016	152,273
	2017	134,494
	2018	114,858
	2019	96,883
	Thereafter	574,895
	Total	$	1,197,099
	During the three months ended March 31, 2015 and 2014, 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	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
RECENT ACQUISITIONS OF REAL ESTATE	Recent Acquisitions of Real Estate
	For the three months ended March 31, 2015, the Company acquired the assets and assumed certain liabilities of one real estate operating property located in Bellevue, Washington for a net purchase price of $205.2 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 2015 and 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 Purchase Price
	2015
	Civica Office Commons		2/11/15	$	140,706			$	41,240	$	26,230	$	(3,000	)	$	—		$	205,176
	2014
	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
	-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 that the fair value of the Company’s previously held interest was $167.2 million. The 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 the Company’s 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 factors that the Company believes market participants would consider in estimating fair value. In addition, the Company recognized a $11.3 million gain, which represented the difference between the book value and the fair value of the Company’s 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 statements of operations and comprehensive income (loss).
	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 and 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
	2015 Acquisition:
	Civica Office Commons		3.9	4		3.9
	2014 Acquisitions:
	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 acquisition completed during the three months ended March 31, 2015, which are included in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2015 (in thousands):
				For the Three Months Ended
	2015 Acquisition			31-Mar-15
	Civica Office Commons		Revenue	$	2,131
			Net income (loss)	$	(85	)
	The following unaudited consolidated information is presented to give effect to the 2015 acquisition through March 31, 2015 as if the acquisition occurred on January 1, 2014. This information excludes activity that is non-recurring and not representative of the Company’s future activity, primarily acquisition fees and expenses of $0.5 million for the three months ended March 31, 2015. The information below is not necessarily indicative of what the actual results of operations would have been had the Company completed this transaction on January 1, 2014, 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 2015			Pro Forma 2014
	Revenue	$	58,536		$	64,733
	Net income (loss) from continuing operations	$	47,277		$	41,959
	Basic and diluted income (loss) from continuing operations per common share	$	0.21		$	0.18
	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 condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2014 (in thousands):
				For the Three Months Ended
	2014 Acquisitions			31-Mar-14
	Grocery -Anchored Portfolio		Revenue	$	4,405
			Net income (loss)	$	827
	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, respectively and the gain on the dissolution of the Company’s joint venture as a result of the Grocery Anchored Portfolio Transaction was $11.3 million for the three months ended March 31, 2014 and the gain on the sale of the Company’s investment in Distribution Park Rio was $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
	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	)

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	Discontinued Operations
	The Company adopted amendments to the Codification regarding discontinued operations effective January 1, 2014. As a result, none of the Company’s dispositions for the three months ended March 31, 2015 and 2014 were classified as discontinued operations. The additional income (loss) from discontinued operations recorded in 2015 and 2014 is related to properties sold prior to the adoption of the amended discontinued operations guidance issued in April 2014.
		Three Months Ended March 31,
		2015			2014
		(In thousands)
	Revenues:
	Rental revenue	$	3		$	(41	)
	Other revenue	—			(22		)
	Total revenues	3			(63		)
	Expenses:
	Property operating expenses	10			126
	Real property taxes	—			—
	Property management fees	—			(1		)
	Depreciation and amortization	—			—
	Total expenses	10			125
	Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	(7		)	(188		)
	Interest expense	—			—
	Interest income	5			5
	Benefit (provision) for income taxes	—			—
	Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	(2		)	(183		)
	Gain (loss) on sale of discontinued operations	—			—
	Income (loss) from discontinued operations	$	(2	)	$	(183	)
	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,
		2015			2014
		(In thousands, except per share amounts)
	Income (loss) from continuing operations attributable to common stockholders	$	47,289		$	42,422
	Income (loss) from discontinued operations attributable to common stockholders	(2		)	(171		)
	Net income (loss) attributable to common stockholders	$	47,287		$	42,251
	Basic and diluted income (loss) per share attributable to common stockholders
	Income (loss) from continuing operations	$	0.21		$	0.19
	Income (loss) from discontinued operations	$	—		$	—

Investments_In_Unconsolidated_

Investments In Unconsolidated Entities	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLDIATED ENTITIES	Investments in Unconsolidated Entities
	As of March 31, 2015 and December 31, 2014, the Company owned indirect investments in 9 and 10 properties, respectively, through its interest in the Core Fund.
	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,
		2015			2014
	Beginning balance	$	187,668		$	393,695
	Distributions declared	(56,788		)	(51,836		)
	Equity in earnings (losses)	33,199			40,945
	Effect of sale or dissolution of unconsolidated joint venture	—			(156,325		)
	Ending balance	$	164,079		$	226,479
	Condensed financial information for the Core Fund is summarized as follows (in thousands):
	Condensed Consolidated Balance Sheets for the Core Fund
		March 31, 2015			December 31, 2014
	ASSETS
	Cash	$	281,676		$	87,154
	Investment property, net	1,340,065			1,743,681
	Other assets	352,807			453,487
	Total Assets	$	1,974,548		$	2,284,322
	LIABILITIES AND EQUITY
	Debt	$	921,884		$	1,198,684
	Other liabilities	334,787			176,821
	Redeemable noncontrolling interests	177,219			192,172
	Equity	540,658			716,645
	Total Liabilities and Equity	$	1,974,548		$	2,284,322
	The Core Fund sold one property during each of the three months ended March 31, 2015 and 2014. The Core Fund elected to adopt the amendments to the Codification that provide guidance on reporting discontinued operations early, effective January 1, 2014, and as a result, did not report the sale of its remaining ownership interest in the entity that owns One North Wacker in discontinued operations for the periods presented. In January 2014, the Core Fund sold 101 Second Street, which was deemed held for sale as of December 31, 2013 and was reclassified into assets and liabilities held for sale, which are included in other assets and other liabilities and income from discontinued operations for all periods presented. This reclassification is reflected in the table below.
	Condensed Consolidated Statements of Operations for the Core Fund
		Three Months Ended March 31,
		2015			2014
		(In thousands)
	Total revenues and gains	$	46,501		$	62,976
	Total expenses	50,091			65,453
	Gain (loss) on sale of real estate investments	139,872			—
	Income (loss) from continuing operations	136,282			(2,477		)
	Income (loss) from discontinued operations	—			174,155
	Net income (loss)	136,282			171,678
	Less (income) loss allocated to noncontrolling interests	(20,150		)	(30,579		)
	Net income (loss) attributable to parent	$	116,132		$	141,099
	The following discusses items of significance for the periods presented for the Company’s equity method investments:
	In January 2015, a subsidiary of the Core Fund sold its remaining 51% interest in the entity that owns One North Wacker for $240.0 million. The Core Fund previously sold a 49% noncontrolling interest in One North Wacker in December 2011. One North Wacker was acquired in March 2008 for a contract purchase price of $540.0 million. As a result of the sale of the 51% interest in One North Wacker, the Core Fund recognized a gain on sale of $139.9 million. As a result of the sale, the Company recognized a gain of $34.2 million, which is included in equity in earnings (losses) of unconsolidated entities, net, in the condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2015.
	In January 2014, the Core Fund sold 101 Second Street for a contract sales price of $297.5 million. 101 Second Street was acquired in September 2004 for a contract purchase price of $157.0 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 condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2014.

Debt_Financing

Debt Financing	3 Months Ended
	Mar. 31, 2015
Long-term Debt, Unclassified [Abstract]
DEBT FINANCING	Debt Financing
	As of March 31, 2015 and December 31, 2014, the Company had $1.0 billion and $868.0 million of debt outstanding, respectively, with a weighted average years to maturity of 1.8 years and 2.1 years, respectively, and a weighted average interest rate of 3.6% and 3.9%, respectively. The following table includes all of the Company’s outstanding notes payable balances as of March 31, 2015 and December 31, 2014 (in thousands, except interest rates):
	Description		Maturity Date	Interest Rate Description		Interest Rate		Principal Outstanding at March 31, 2015			Principal Outstanding at December 31, 2014
	SECURED MORTGAGE DEBT
	Arapahoe Business Park I (1)		6/11/15	Fixed		5.33	%	$	9,076		$	9,117
	Arapahoe Business Park II		11/11/15	Fixed		5.53	%	9,520			9,568
	1515 S. Street		9/1/16	Fixed		4.25	%	37,435			37,702
	345 Inverness Drive		12/11/16	Fixed		5.85	%	14,407			14,470
	JPMorgan Chase Tower		2/1/16	Variable		2.68	%	152,295			153,219
	Thompson Bridge Commons		3/1/18	Fixed		6.02	%	5,160			5,225
	HSH POOLED MORTGAGE FACILITY
	321 North Clark, 1900 and 2000 Alameda		8/1/16	Fixed via swap		5.86	%	169,697			169,697
	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
	OTHER NOTES PAYABLE
	JPMorgan Chase Revolving Credit Facility - Revolving Loan (2)		4/1/17	Variable		1.78	%	181,000			52,000
	JPMorgan Chase Revolving Credit Facility - Term Loan (2)		4/1/18	Variable		1.68	%	200,000			200,000
	JPMorgan Chase - Bridge Credit Agreement (3)		5/12/15	Variable		1.78	%	30,000			—
	TOTAL PRINCIPAL OUTSTANDING							1,025,590			867,998
	Unamortized Discount (4)							(228		)	(340		)
	NOTES PAYABLE							$	1,025,362		$	867,658
	-1	In April 2015, the Company paid in full the Arapahoe Business Park I secured mortgage loan.
	-2	See the discussion following the heading “JPMorgan Revolving Credit Facility” below for additional information regarding the Company's acquisition credit facility.
	-3	See the discussion following the heading “Bridge Credit Agreement” below for additional information regarding the Company's loan facility.
	-4	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.
	Bridge Credit Agreement
	In February 2015, a subsidiary of the Operating Partnership entered into a Bridge Credit Agreement (the “Bridge Credit Agreement”) with JPMorgan Chase Bank, N.A. (“Chase”) to establish a $30.0 million secured term loan facility (the “Facility”). In connection with the acquisition of Civica Office Commons in February 2015, the Company borrowed the full capacity under the Facility. The Facility had an original maturity date of May 12, 2015. In April 2015, the maturity date was extended to September 15, 2015. The interest rate as of the date of the initial funding of the loan was 1.78%. In connection with the financing pursuant to the Bridge Credit Agreement, the Advisor agreed to waive the entire $0.3 million debt financing fee that otherwise would be payable to the Advisor.
	JPMorgan Revolving Credit Facility
	In January 2014, a subsidiary of the Operating Partnership entered into an acquisition credit agreement (the “JPMorgan Acquisition Credit Agreement”) with Chase Bank 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 had a maturity date of May 15, 2014 with two 30-day extension options. The Company made a payment of $45.0 million related to this financing in February 2014. 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.
	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 at the option of the Company. 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.
	During the three months ended March 31, 2015, the Company borrowed $173.0 million under the Revolving Loan Commitment and made a payment of $44.0 million in February 2015 related to this financing. Subsequent to March 31, 2015, the Company made payments of $68.0 million in April 2015 related to this financing.
	In May 2015, the Company borrowed $86.0 million under the Revolving Loan Commitment.
	The following table summarizes required principal payments on the Company’s outstanding notes payable for the period from April 1, 2015 through December 31, 2015, for each of the years ended December 31, 2016 through December 31, 2019 and for the period thereafter (in thousands):
		Principal Payments due by Period
		April 1, 2015 through December 31, 2015			2016			2017			2018			2019		Thereafter
	Notes payable	$	49,797		$	373,116		$	398,300		$	204,377		$	—	$	—
	The Company is not aware of any instances of noncompliance with financial covenants as of March 31, 2015.

Derivative_Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2015
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	$	169,697		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	%
	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, 2015 and December 31, 2014 (in thousands):
		Liability Derivatives Fair Value
	Derivatives not designated as hedging instruments for accounting purposes:	31-Mar-15			31-Dec-14
	Interest rate swap contracts	$	31,200		$	34,393
	Total derivatives	$	31,200		$	34,393
	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, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
	Gain (loss) on interest rate swap, net	$	3,193		$	5,741
	Total	$	3,193		$	5,741

Distributions

Distributions	3 Months Ended
	Mar. 31, 2015
Distributions [Abstract]
DISTRIBUTIONS	Distributions
	With the authorization of its board of directors, the Company declared distributions for the period from January 2014 through May 2015. 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, has been declared since April 2013 and reflects a reduction from the $0.00138082 per share, per day rate that was declared previously.
	The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for each of the quarters during 2015 and 2014, 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
	2015 (1)
	March 31, 2015		$	9,507	$	5,424	$	14,931	$	74
	Total		$	9,507	$	5,424	$	14,931	$	74
	2014 (1)
	December 31, 2014		$	9,755	$	5,573	$	15,328	$	75
	September 30, 2014		9,756		5,615		15,371		76
	June 30, 2014		9,659		5,610		15,269		74
	March 31, 2014		9,552		5,613		15,165		74
	Total		$	38,722	$	22,411	$	61,133	$	299
	-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, 2015 was $1.1 million. The distributions declared with respect to the Participation Interest for the quarters ended December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014 were $1.1 million, $1.0 million, $1.0 million and $1.0 million, respectively.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
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, 2015 and 2014 and outstanding as of March 31, 2015 and December 31, 2014 (all amounts are in thousands).
			Incurred				Unpaid as of
			Three Months Ended March 31,				March 31,		December 31,
	Type and Recipient		2015		2014		2015		2014
	Participation Interest in the Operating Partnership – HALP Associates Limited Partnership (1)		$	4,840	$	6,017	$	112,649	$	108,911
	Due to Affiliates
	Acquisition Fee – the Advisor (2)		410		1,012		410		—
	Asset Management Fee – the Advisor		3,431		3,706		3,431		1,135
	Debt Financing Fee – the Advisor (3)		—		—		—		—
	Other – the Advisor		788		809		644		656
	Property Management Fee – Hines		1,311		1,399		102		34
	Leasing Fee – Hines		2,157		27		3,029		2,252
	Tenant Construction Management Fees – Hines		—		4		5		5
	Expense Reimbursements – Hines (with respect to management and operation of the Company’s properties)		3,064		4,009		459		612
	Due to Affiliates						$	8,080	$	4,694
	-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 the date of each balance sheet plus any unpaid distributions.
	-2	In connection with the acquisition of Civica Office Commons in February 2015, the Company was obligated to pay approximately $2.1 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 $0.6 million of the cash acquisition fee and all of the $1.0 million acquisition fee payable as an increase to the Participation Interest. In connection with the acquisition of the Howard Hughes Center in January 2014, 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 Bridge Credit Agreement in February 2015, the Advisor agreed to waive the entire $0.3 million debt financing fee that otherwise would be payable to the Advisor. In connection with the financing pursuant to the JPMorgan Acquisition Credit Agreement in January 2014, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor. Additionally, in connection with the financing pursuant to the Credit Agreement in April 2014, the Advisor agreed to waive the entire $4.3 million debt financing fee otherwise payable to the Advisor pursuant to the Advisory Agreement. See Note 7 — Debt Financing for additional information on these financings.

Changes_in_Assets_and_Liabilit

Changes in Assets and Liabilities	3 Months Ended
	Mar. 31, 2015
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, 2015 and 2014 is as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Change in other assets	$	(801	)	$	(1,810	)
	Change in tenant and other receivables	(1,646		)	(5,043		)
	Change in deferred leasing costs	(30,471		)	(2,939		)
	Change in accounts payable and accrued expenses	13,992			900
	Change in participation interest liability	3,738			5,082
	Change in other liabilities	(578		)	1,010
	Change in due to affiliates	3,391			458
	Changes in assets and liabilities	$	(12,375	)	$	(2,342	)

Supplemental_Cash_Flow_Disclos

Supplemental Cash Flow Disclosures	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	Supplemental Cash Flow Disclosures
	Supplemental cash flow disclosures for the three months ended March 31, 2015 and 2014 are as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Supplemental Disclosure of Cash Flow Information
	Cash paid for interest	$	6,805		$	11,236
	Cash paid for income taxes	$	—		$	—
	Supplemental Schedule of Non-Cash Activities
	Distributions declared and unpaid	$	15,004		$	15,238
	Distributions receivable	$	56,788		$	3,888
	Distributions reinvested	$	5,573		$	5,811
	Shares tendered for redemption	$	7,520		$	10,095
	Assumption of mortgages upon dissolution of joint venture	$	—		$	10,947
	Noncash net assets (liabilities) acquired upon acquisition of property	$	(1,812	)	$	172,244

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Commitments and Contingencies
	On January 15, 2015, Shook, Hardy & Bacon LLP signed a lease renewal for its space in 2555 Grand located in Kansas City, Missouri.  In connection with this renewal, the Company committed to fund $14.7 million of tenant improvements and leasing commissions related to its space, to be paid in future periods.  As of March 31, 2015, $11.9 million of this commitment remained unfunded and is recorded in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	In September 2014, Locke Lord LLP signed a lease renewal for its space in JPMorgan Chase Tower located in Dallas, Texas.  In connection with this renewal, the Company committed to fund $15.9 million of tenant improvements and leasing commissions related to its space, to be paid in future periods.  As of March 31, 2015, $12.6 million of this commitment remained unfunded and is recorded in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.
	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, 2015
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, 2015, 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, 2015 and December 31, 2014 (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, 2015	$	31,200	$	—	$	31,200	$	—
	December 31, 2014	$	34,393	$	—	$	34,393	$	—
	Financial Instruments Fair Value Disclosures
	Other Financial Instruments
	As of March 31, 2015, management estimated that the fair value of notes payable, which had a carrying value of $1.0 billion, was $1.0 billion. As of December 31, 2014, management estimated that the fair value of notes payable, which had a carrying value of $867.7 million, was $889.2 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, 2015, 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, 2015 and 2014 which indicated that fair value adjustments of the Company’s long-lived assets were necessary.

Reportable_Segments

Reportable Segments	3 Months Ended
	Mar. 31, 2015
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) industrial property and (3) retail properties. The office properties segment consists of 15 office properties that the Company owns directly as well as 9 office properties that are owned indirectly through the Company’s investment in the Core Fund. The industrial property segment consists of one directly-owned industrial property located in Dallas, Texas. The 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, 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,
		2015				2014
	Total revenue
	Office properties	$	50,541			$	54,877
	Industrial property	917				774
	Retail properties	4,532				4,405
	Total revenue	$	55,990			$	60,056
	Net property revenues in excess of expenses(1)
	Office properties	$	28,193			$	29,548
	Industrial property	562				472
	Retail properties	3,264				3,282
	Total segment net property revenues in excess of expenses	$	32,019			$	33,302
	Equity in earnings (losses) of unconsolidated entities
	Equity in earnings (losses) of office properties	$	33,199			$	40,945
	Total equity in earnings (losses) of unconsolidated entities	$	33,199			$	40,945
	-1	Revenues less property operating expenses, real property taxes and property management fees.
	Total assets	March 31, 2015				December 31, 2014
	Office properties	$	1,960,113			$	1,760,560
	Industrial property	35,992				36,475
	Retail properties	187,806				190,296
	Investment in unconsolidated entities
	Office properties	164,079				187,668
	Corporate-level accounts	85,079			(1)	53,993			(2)
	Total assets	$	2,433,069			$	2,228,992
	-1	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 and distributions receivable from the Company’s investments in unconsolidated entities.
	-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 and distributions receivable from the Company’s investments in unconsolidated entities. Additionally, in 2014, this amount includes the $15.0 million deposit recorded in other assets on the consolidated balance sheet related to the acquisition of Civica Office Commons in February 2015.
		Three Months Ended March 31,
		2015				2014
	Reconciliation to net income (loss)
	Total segment net property revenues in excess of expenses	$	32,019			$	33,302
	Depreciation and amortization	(22,483		)		(24,726		)
	Acquisition related expenses	(56		)		(106		)
	Asset management and acquisition fees	(8,681		)		(10,735		)
	General and administrative	(1,350		)		(1,957		)
	Gain (loss) on derivative instruments, net	3,193				5,741
	Gain (loss) on sale or dissolution of unconsolidated joint venture	—				11,311
	Equity in earnings (losses) of unconsolidated entities, net	33,199				40,945
	Gain (loss) on sale of real estate investments	21,079				1,013
	Interest expense	(9,481		)		(12,376		)
	Interest income	10				185
	Benefit (provision) for income taxes	(86		)		(89		)
	Income (loss) from discontinued operations, net of taxes	(2		)		(183		)
	Net income (loss)	$	47,361			$	42,325

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Subsequent Events
	4050/4055 Corporate Drive
	In April 2015, the Company sold 4050/4055 Corporate Drive for a contract sales price of $44.3 million. 4050/4055 Corporate Drive is an industrial property located in Dallas, Texas. The Company acquired 4050/4055 Corporate Drive in May 2008 for $42.8 million.
	2851 Junction Avenue
	In April 2015, the Company entered into a contract to acquire 2851 Junction Avenue, a Class A office property located in San Jose, California. 2851 Junction Avenue consists of 155,613 square feet of rentable area and is 100% leased to Taiwan Semiconductor Manufacturing Company North America. The contract purchase price for 2851 Junction Avenue is $86.0 million, exclusive of transaction costs and working capital reserves. The Company expects the closing of this acquisition to occur in May 2015. There can be no assurance that this closing will occur.
	*****

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	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, 2015 and December 31, 2014. 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 of January 1, 2014, the Company had consolidated the eight properties that it received as a result of the Grocery-Anchored Portfolio Transaction. 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, 2015 and 2014. 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	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 operating investments outside the United States as of March 31, 2015. Accumulated other comprehensive income (loss) as of March 31, 2015 is related to the remaining non-operating net assets of the disposed directly-owned properties in Brazil and Canada.
Impairment of Investment Property	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.
Tenant and Other Receivables	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.
Revenue Recognition	Revenue Recognition
	Rental payments are generally paid by the tenants prior to the beginning of each month. As of March 31, 2015 and December 31, 2014, the Company recorded liabilities of $7.8 million and $7.2 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.
Redemption of Common Stock	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, 2015, which amount was in excess of the $5.6 million received from the issuance of shares pursuant to the dividend reinvestment plan in the prior quarter.
	The Company has recorded liabilities of $7.5 million and $10.2 million in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets as of March 31, 2015 and December 31, 2014, respectively, related to shares that were tendered for redemption and approved by the board of directors but 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 made in 2014, and $6.50 per share for redemption requests in connection with the death or disability of a stockholder made during the first quarter of 2015. The estimated per share net asset value of the Company’s common stock as of September 30, 2014 is $6.50 and was determined by the Company’s board of directors in December 2014.
Reclassifications	Reclassifications
	In connection with recent amendments to the Accounting Standards Codification (“ASC” or the “Codification”) regarding discontinued operations, the Company reclassified “Gain (loss) on sale or dissolution of unconsolidated joint venture”, “Equity in earnings (losses) of unconsolidated entities, net” and “Gain (loss) on sale of real estate investments”, to be included in Income (loss) from continuing operations before benefit (provision) for income taxes to simplify the presentation of the Company’s results of operations. These reclassifications did not impact previously reported net income.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued amendments to the Codification to provide guidance on reporting discontinued operations. These amendments raise the threshold for a disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 31, 2014 and early adoption was permitted.  The Company elected to adopt these amendments, effective January 1, 2014. As a result, the Company did not report any sales of real estate investment property in discontinued operations for the three months ended March 31, 2015 since the Company concluded that these sales do not represent a “strategic shift” in the Company’s operations. See Note 3 — Real Estate Investments for additional information regarding the sales of Citymark that did not qualify as discontinued operations as of March 31, 2015.
	In April 2015, FASB issued amendments to change its prior guidance on the presentation of debt issuance costs in financial statements.  Under the new guidance, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset.  These amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted.  Upon adoption, the Company will reclass the deferred financing costs, net to notes payable on the balance sheet.
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 Instruments	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, 2015, 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 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, 2015, 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, 2015 and 2014 which indicated that fair value adjustments of the Company’s long-lived assets were necessary.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Schedule of Other Assets	Other assets included the following (in thousands):
		March 31, 2015		December 31, 2014
	Deposit on investment property	$	—	$	15,000	(1)
	Prepaid insurance	213		724
	Prepaid/deferred taxes	2,244		537
	Other	1,278		1,549
	Total	$	3,735	$	17,810
	-1	In December 2014, the Company funded a $15.0 million deposit related to its acquisition of Civica Office Commons, which the Company acquired in February 2015.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Schedule Of Property Subject To Or Available For Operating Lease	Investment property consisted of the following (in thousands):
		March 31, 2015				December 31, 2014
	Buildings and improvements	$	1,589,471			$	1,452,900
	Less: accumulated depreciation	(214,755		)		(206,460		)
	Buildings and improvements, net	1,374,716				1,246,440
	Land	422,662				388,218
	Investment property, net	$	1,797,378			$	1,634,658
Schedule Of Acquired Finite Lived Intangible Assets By Major Class	As of March 31, 2015, 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	$	275,178			$	43,840		$	57,985
	Less: accumulated amortization	(133,538		)		(25,957		)	(27,704		)
	Net	$	141,640			$	17,883		$	30,281
	As of December 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 Liabilities
						Lease Assets
	Cost	$	254,029			$	43,834		$	56,267
	Less: accumulated amortization	(127,055		)		(25,120		)	(27,505		)
	Net	$	126,974			$	18,714		$	28,762
	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 and 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
	2015 Acquisition:
	Civica Office Commons		3.9		4		3.9
	2014 Acquisitions:
	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, 2015 through December 31, 2015 and for each of the years ended December 31, 2016 through 2019 is as follows (in thousands):
		In-Place Leases				Out-of-Market Leases, Net
	April 1, 2015 through December 31, 2015	$	31,447			$	(1,608	)
	2016	32,306				(847		)
	2017	23,074				215
	2018	17,664				(104		)
	2019	10,409				(877		)
Schedule Of Future Minimum Rental Payments For Operating Leases	As of March 31, 2015, the approximate fixed future minimum rentals for the period from April 1, 2015 through December 31, 2015, for each of the years ended December 31, 2016 through 2019 and thereafter are as follows (in thousands):
		Fixed Future Minimum Rentals
	April 1, 2015 through December 31, 2015	$	123,696
	2016	152,273
	2017	134,494
	2018	114,858
	2019	96,883
	Thereafter	574,895
	Total	$	1,197,099

Recent_Acquisitions_of_Real_Es1

Recent Acquisitions of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2015
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 2015 and 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 Purchase Price
	2015
	Civica Office Commons		2/11/15		$	140,706			$	41,240			$	26,230	$	(3,000	)	$	—		$	205,176
	2014
	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
	-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 that the fair value of the Company’s previously held interest was $167.2 million. The 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 the Company’s 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 factors that the Company believes market participants would consider in estimating fair value. In addition, the Company recognized a $11.3 million gain, which represented the difference between the book value and the fair value of the Company’s 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 statements of operations and comprehensive income (loss).
Schedule Of Acquired Finite Lived Intangible Assets By Major Class	As of March 31, 2015, 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	$	275,178			$	43,840			$	57,985
	Less: accumulated amortization	(133,538		)		(25,957		)		(27,704		)
	Net	$	141,640			$	17,883			$	30,281
	As of December 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 Liabilities
						Lease Assets
	Cost	$	254,029			$	43,834			$	56,267
	Less: accumulated amortization	(127,055		)		(25,120		)		(27,505		)
	Net	$	126,974			$	18,714			$	28,762
	The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 and 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
	2015 Acquisition:
	Civica Office Commons		3.9		4		3.9
	2014 Acquisitions:
	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 condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2014 (in thousands):
					For the Three Months Ended
	2014 Acquisitions				31-Mar-14
	Grocery -Anchored Portfolio		Revenue		$	4,405
			Net income (loss)		$	827
	Howard Hughes Center		Revenue		$	10,881
			Net income (loss)		$	(3,215	)
	The table below includes the amounts of revenue and net income (loss) of the acquisition completed during the three months ended March 31, 2015, which are included in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2015 (in thousands):
					For the Three Months Ended
	2015 Acquisition				31-Mar-15
	Civica Office Commons		Revenue		$	2,131
			Net income (loss)		$	(85	)
Business Acquisition, Pro Forma Information	The following unaudited consolidated information is presented to give effect to the 2015 acquisition through March 31, 2015 as if the acquisition occurred on January 1, 2014. This information excludes activity that is non-recurring and not representative of the Company’s future activity, primarily acquisition fees and expenses of $0.5 million for the three months ended March 31, 2015. The information below is not necessarily indicative of what the actual results of operations would have been had the Company completed this transaction on January 1, 2014, 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 2015				Pro Forma 2014
	Revenue	$	58,536			$	64,733
	Net income (loss) from continuing operations	$	47,277			$	41,959
	Basic and diluted income (loss) from continuing operations per common share	$	0.21			$	0.18
	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, respectively and the gain on the dissolution of the Company’s joint venture as a result of the Grocery Anchored Portfolio Transaction was $11.3 million for the three months ended March 31, 2014 and the gain on the sale of the Company’s investment in Distribution Park Rio was $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
	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	)

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures	The Company adopted amendments to the Codification regarding discontinued operations effective January 1, 2014. As a result, none of the Company’s dispositions for the three months ended March 31, 2015 and 2014 were classified as discontinued operations. The additional income (loss) from discontinued operations recorded in 2015 and 2014 is related to properties sold prior to the adoption of the amended discontinued operations guidance issued in April 2014.
		Three Months Ended March 31,
		2015			2014
		(In thousands)
	Revenues:
	Rental revenue	$	3		$	(41	)
	Other revenue	—			(22		)
	Total revenues	3			(63		)
	Expenses:
	Property operating expenses	10			126
	Real property taxes	—			—
	Property management fees	—			(1		)
	Depreciation and amortization	—			—
	Total expenses	10			125
	Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	(7		)	(188		)
	Interest expense	—			—
	Interest income	5			5
	Benefit (provision) for income taxes	—			—
	Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	(2		)	(183		)
	Gain (loss) on sale of discontinued operations	—			—
	Income (loss) from discontinued operations	$	(2	)	$	(183	)
	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,
		2015			2014
		(In thousands, except per share amounts)
	Income (loss) from continuing operations attributable to common stockholders	$	47,289		$	42,422
	Income (loss) from discontinued operations attributable to common stockholders	(2		)	(171		)
	Net income (loss) attributable to common stockholders	$	47,287		$	42,251
	Basic and diluted income (loss) per share attributable to common stockholders
	Income (loss) from continuing operations	$	0.21		$	0.19
	Income (loss) from discontinued operations	$	—		$	—

Investments_In_Unconsolidated_1

Investments In Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2015
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,
		2015			2014
	Beginning balance	$	187,668		$	393,695
	Distributions declared	(56,788		)	(51,836		)
	Equity in earnings (losses)	33,199			40,945
	Effect of sale or dissolution of unconsolidated joint venture	—			(156,325		)
	Ending balance	$	164,079		$	226,479
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, 2015			December 31, 2014
	ASSETS
	Cash	$	281,676		$	87,154
	Investment property, net	1,340,065			1,743,681
	Other assets	352,807			453,487
	Total Assets	$	1,974,548		$	2,284,322
	LIABILITIES AND EQUITY
	Debt	$	921,884		$	1,198,684
	Other liabilities	334,787			176,821
	Redeemable noncontrolling interests	177,219			192,172
	Equity	540,658			716,645
	Total Liabilities and Equity	$	1,974,548		$	2,284,322
Summarized Financial Information Income Statement Equity Method Investees	The Core Fund elected to adopt the amendments to the Codification that provide guidance on reporting discontinued operations early, effective January 1, 2014, and as a result, did not report the sale of its remaining ownership interest in the entity that owns One North Wacker in discontinued operations for the periods presented. In January 2014, the Core Fund sold 101 Second Street, which was deemed held for sale as of December 31, 2013 and was reclassified into assets and liabilities held for sale, which are included in other assets and other liabilities and income from discontinued operations for all periods presented. This reclassification is reflected in the table below.
	Condensed Consolidated Statements of Operations for the Core Fund
		Three Months Ended March 31,
		2015			2014
		(In thousands)
	Total revenues and gains	$	46,501		$	62,976
	Total expenses	50,091			65,453
	Gain (loss) on sale of real estate investments	139,872			—
	Income (loss) from continuing operations	136,282			(2,477		)
	Income (loss) from discontinued operations	—			174,155
	Net income (loss)	136,282			171,678
	Less (income) loss allocated to noncontrolling interests	(20,150		)	(30,579		)
	Net income (loss) attributable to parent	$	116,132		$	141,099

Debt_Financing_Tables

Debt Financing (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015 and December 31, 2014 (in thousands, except interest rates):
	Description		Maturity Date	Interest Rate Description		Interest Rate		Principal Outstanding at March 31, 2015			Principal Outstanding at December 31, 2014
	SECURED MORTGAGE DEBT
	Arapahoe Business Park I (1)		6/11/15	Fixed		5.33	%	$	9,076		$	9,117
	Arapahoe Business Park II		11/11/15	Fixed		5.53	%	9,520			9,568
	1515 S. Street		9/1/16	Fixed		4.25	%	37,435			37,702
	345 Inverness Drive		12/11/16	Fixed		5.85	%	14,407			14,470
	JPMorgan Chase Tower		2/1/16	Variable		2.68	%	152,295			153,219
	Thompson Bridge Commons		3/1/18	Fixed		6.02	%	5,160			5,225
	HSH POOLED MORTGAGE FACILITY
	321 North Clark, 1900 and 2000 Alameda		8/1/16	Fixed via swap		5.86	%	169,697			169,697
	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
	OTHER NOTES PAYABLE
	JPMorgan Chase Revolving Credit Facility - Revolving Loan (2)		4/1/17	Variable		1.78	%	181,000			52,000
	JPMorgan Chase Revolving Credit Facility - Term Loan (2)		4/1/18	Variable		1.68	%	200,000			200,000
	JPMorgan Chase - Bridge Credit Agreement (3)		5/12/15	Variable		1.78	%	30,000			—
	TOTAL PRINCIPAL OUTSTANDING							1,025,590			867,998
	Unamortized Discount (4)							(228		)	(340		)
	NOTES PAYABLE							$	1,025,362		$	867,658
	-1	In April 2015, the Company paid in full the Arapahoe Business Park I secured mortgage loan.
	-2	See the discussion following the heading “JPMorgan Revolving Credit Facility” below for additional information regarding the Company's acquisition credit facility.
	-3	See the discussion following the heading “Bridge Credit Agreement” below for additional information regarding the Company's loan facility.
	-4	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, 2015 through December 31, 2015, for each of the years ended December 31, 2016 through December 31, 2019 and for the period thereafter (in thousands):
		Principal Payments due by Period
		April 1, 2015 through December 31, 2015			2016			2017			2018			2019		Thereafter
	Notes payable	$	49,797		$	373,116		$	398,300		$	204,377		$	—	$	—

Derivative_Instruments_Tables

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
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	$	169,697		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	%
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, 2015 and December 31, 2014 (in thousands):
		Liability Derivatives Fair Value
	Derivatives not designated as hedging instruments for accounting purposes:	31-Mar-15			31-Dec-14
	Interest rate swap contracts	$	31,200		$	34,393
	Total derivatives	$	31,200		$	34,393
	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, 2015 and 2014 (in thousands):
		Three Months Ended March 31,
		2015			2014
	Gain (loss) on interest rate swap, net	$	3,193		$	5,741
	Total	$	3,193		$	5,741

Distributions_Tables

Distributions (Tables)	3 Months Ended
	Mar. 31, 2015
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 2015 and 2014, 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
	2015 (1)
	March 31, 2015		$	9,507	$	5,424	$	14,931	$	74
	Total		$	9,507	$	5,424	$	14,931	$	74
	2014 (1)
	December 31, 2014		$	9,755	$	5,573	$	15,328	$	75
	September 30, 2014		9,756		5,615		15,371		76
	June 30, 2014		9,659		5,610		15,269		74
	March 31, 2014		9,552		5,613		15,165		74
	Total		$	38,722	$	22,411	$	61,133	$	299
	-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, 2015 was $1.1 million. The distributions declared with respect to the Participation Interest for the quarters ended December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014 were $1.1 million, $1.0 million, $1.0 million and $1.0 million, respectively.

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015 and 2014 and outstanding as of March 31, 2015 and December 31, 2014 (all amounts are in thousands).
			Incurred				Unpaid as of
			Three Months Ended March 31,				March 31,		December 31,
	Type and Recipient		2015		2014		2015		2014
	Participation Interest in the Operating Partnership – HALP Associates Limited Partnership (1)		$	4,840	$	6,017	$	112,649	$	108,911
	Due to Affiliates
	Acquisition Fee – the Advisor (2)		410		1,012		410		—
	Asset Management Fee – the Advisor		3,431		3,706		3,431		1,135
	Debt Financing Fee – the Advisor (3)		—		—		—		—
	Other – the Advisor		788		809		644		656
	Property Management Fee – Hines		1,311		1,399		102		34
	Leasing Fee – Hines		2,157		27		3,029		2,252
	Tenant Construction Management Fees – Hines		—		4		5		5
	Expense Reimbursements – Hines (with respect to management and operation of the Company’s properties)		3,064		4,009		459		612
	Due to Affiliates						$	8,080	$	4,694
	-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 the date of each balance sheet plus any unpaid distributions.
	-2	In connection with the acquisition of Civica Office Commons in February 2015, the Company was obligated to pay approximately $2.1 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 $0.6 million of the cash acquisition fee and all of the $1.0 million acquisition fee payable as an increase to the Participation Interest. In connection with the acquisition of the Howard Hughes Center in January 2014, 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 Bridge Credit Agreement in February 2015, the Advisor agreed to waive the entire $0.3 million debt financing fee that otherwise would be payable to the Advisor. In connection with the financing pursuant to the JPMorgan Acquisition Credit Agreement in January 2014, the Advisor agreed to waive the entire $4.3 million debt financing fee that otherwise would be payable to the Advisor. Additionally, in connection with the financing pursuant to the Credit Agreement in April 2014, the Advisor agreed to waive the entire $4.3 million debt financing fee otherwise payable to the Advisor pursuant to the Advisory Agreement. See Note 7 — Debt Financing for additional information on these financings.

Changes_in_Assets_and_Liabilit1

Changes in Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
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, 2015 and 2014 is as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Change in other assets	$	(801	)	$	(1,810	)
	Change in tenant and other receivables	(1,646		)	(5,043		)
	Change in deferred leasing costs	(30,471		)	(2,939		)
	Change in accounts payable and accrued expenses	13,992			900
	Change in participation interest liability	3,738			5,082
	Change in other liabilities	(578		)	1,010
	Change in due to affiliates	3,391			458
	Changes in assets and liabilities	$	(12,375	)	$	(2,342	)

Supplemental_Cash_Flows_Disclo

Supplemental Cash Flows Disclosures (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information [Abstract]
Schedule Of Cash Flow Supplemental Disclosures	Supplemental cash flow disclosures for the three months ended March 31, 2015 and 2014 are as follows (in thousands):
		Three Months Ended March 31,
		2015			2014
	Supplemental Disclosure of Cash Flow Information
	Cash paid for interest	$	6,805		$	11,236
	Cash paid for income taxes	$	—		$	—
	Supplemental Schedule of Non-Cash Activities
	Distributions declared and unpaid	$	15,004		$	15,238
	Distributions receivable	$	56,788		$	3,888
	Distributions reinvested	$	5,573		$	5,811
	Shares tendered for redemption	$	7,520		$	10,095
	Assumption of mortgages upon dissolution of joint venture	$	—		$	10,947
	Noncash net assets (liabilities) acquired upon acquisition of property	$	(1,812	)	$	172,244

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis	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, 2015 and December 31, 2014 (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, 2015	$	31,200	$	—	$	31,200	$	—
	December 31, 2014	$	34,393	$	—	$	34,393	$	—

Reportable_Segments_Tables

Reportable Segments (Tables)	3 Months Ended
	Mar. 31, 2015
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,
		2015				2014
	Total revenue
	Office properties	$	50,541			$	54,877
	Industrial property	917				774
	Retail properties	4,532				4,405
	Total revenue	$	55,990			$	60,056
	Net property revenues in excess of expenses(1)
	Office properties	$	28,193			$	29,548
	Industrial property	562				472
	Retail properties	3,264				3,282
	Total segment net property revenues in excess of expenses	$	32,019			$	33,302
	Equity in earnings (losses) of unconsolidated entities
	Equity in earnings (losses) of office properties	$	33,199			$	40,945
	Total equity in earnings (losses) of unconsolidated entities	$	33,199			$	40,945
	-1	Revenues less property operating expenses, real property taxes and property management fees.
	Total assets	March 31, 2015				December 31, 2014
	Office properties	$	1,960,113			$	1,760,560
	Industrial property	35,992				36,475
	Retail properties	187,806				190,296
	Investment in unconsolidated entities
	Office properties	164,079				187,668
	Corporate-level accounts	85,079			(1)	53,993			(2)
	Total assets	$	2,433,069			$	2,228,992
	-1	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 and distributions receivable from the Company’s investments in unconsolidated entities.
	-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 and distributions receivable from the Company’s investments in unconsolidated entities. Additionally, in 2014, this amount includes the $15.0 million deposit recorded in other assets on the consolidated balance sheet related to the acquisition of Civica Office Commons in February 2015.
Reconciliation Of Property Revenues In Excess Of Expenses From Segments To Consolidated
		Three Months Ended March 31,
		2015				2014
	Reconciliation to net income (loss)
	Total segment net property revenues in excess of expenses	$	32,019			$	33,302
	Depreciation and amortization	(22,483		)		(24,726		)
	Acquisition related expenses	(56		)		(106		)
	Asset management and acquisition fees	(8,681		)		(10,735		)
	General and administrative	(1,350		)		(1,957		)
	Gain (loss) on derivative instruments, net	3,193				5,741
	Gain (loss) on sale or dissolution of unconsolidated joint venture	—				11,311
	Equity in earnings (losses) of unconsolidated entities, net	33,199				40,945
	Gain (loss) on sale of real estate investments	21,079				1,013
	Interest expense	(9,481		)		(12,376		)
	Interest income	10				185
	Benefit (provision) for income taxes	(86		)		(89		)
	Income (loss) from discontinued operations, net of taxes	(2		)		(183		)
	Net income (loss)	$	47,361			$	42,325

Organization_Public_Offering_D

Organization (Public Offering) (Details) (USD $)	57 Months Ended	130 Months Ended	24 Months Ended	33 Months Ended
Share data in Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2015	Jun. 30, 2012	Mar. 31, 2015
Dividend Reinvestment Plan [Line Items]
Proceeds from issuance of common stock		$2,700,000,000
Stock issued during period value dividend reinvestment plan	189,200,000
Stock issued during period shares dividend reinvestment plan	24.1
$150.0 Million DRIP, effective July 1, 2010 [Member]
Dividend Reinvestment Plan [Line Items]
Maximum proceeds from dividend reinvestment plan			150,000,000
$300.0 Million DRIP, effective July 1, 2012 [Member]
Dividend Reinvestment Plan [Line Items]
Maximum proceeds from dividend reinvestment plan				$300,000,000

Organization_Ownership_Percent

Organization (Ownership Percentages) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Hines [Member]
Subsidiary Of Limited Liability Company Or Limited Partnership [Line Items]
Subsidiary of limited liability company or limited partnership ownership interest (percent)	92.50%	92.70%
Hines 2005 VS I LP [Member]
Subsidiary Of Limited Liability Company Or Limited Partnership [Line Items]
Noncontrolling interest ownership percentage by noncontrolling owners (percent)	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 (percent)	7.00%	6.80%

Organization_Investment_Proper

Organization (Investment Property) (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Jan. 01, 2014	Mar. 31, 2015	Jan. 31, 2014
		property	shopping_center
Real Estate Properties [Line Items]
Number of real estate properties (in properties)		33
Grocery Anchored Portfolio [Member]
Real Estate Properties [Line Items]
Cash received as a result of dissolution of joint venture	$0.40
Grocery-Anchored Portfolio Transaction [Member] | Hines [Member]
Real Estate Properties [Line Items]
Number of real estate properties distributed as a result of dissolution of joint venture			8
Grocery-Anchored Portfolio Transaction [Member] | Weingarten [Member]
Real Estate Properties [Line Items]
Number of real estate properties distributed as a result of dissolution of joint venture			4
Office properties
Real Estate Properties [Line Items]
Number of real estate properties (in properties)		24
Industrial property
Real Estate Properties [Line Items]
Number of real estate properties (in properties)		1
Retail properties
Real Estate Properties [Line Items]
Number of real estate properties (in properties)	8	8	12
Number of states in which entity operates		4

Organization_Equity_Method_Inv

Organization (Equity Method Investments) (Details)	Mar. 31, 2015	Dec. 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%
Grocery Anchored Portfolio [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			70.00%

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Equity Method Investments) (Details) (Unconsolidated Properties [Member], Hines US Core Office Fund LP [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Unconsolidated Properties [Member] | Hines US Core Office Fund LP [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, OTTI	$0	$0

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Impairment of Real Estate) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Wholly Owned Properties [Member]
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
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounting Policies [Abstract]
Allowance for doubtful accounts receivable	$4,500,000		$4,500,000
Amortization of lease incentives	3,700,000	4,000,000
Amortization of deferred leasing fees	1,200,000	1,300,000
Other Assets [Abstract]
Deposit on investment property	0		15,000,000
Prepaid insurance	213,000		724,000
Prepaid/deferred taxes	2,244,000		537,000
Other	1,278,000		1,549,000
Total	3,735,000		17,810,000
Prepaid rent	7,800,000		7,200,000
Straight-line rent receivables	$41,200,000		$40,500,000

Summary_of_Significant_Account6

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Earnest Money Deposits) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Summary Of Significant Accounting Policies Table [Line Items]
Earnest Money Deposits	$0	$15,000
Civica Office Commons [Member]
Summary Of Significant Accounting Policies Table [Line Items]
Earnest Money Deposits		$15,000

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Redemptions) (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Redemption [Line Items]
Proceeds from issuance of common stock, dividend reinvestment plan	$5.60
Common stock redemption liabilities	$7.50	$10.20
Share redemption plan share price (in dollars per share)	$6.50
Ordinary Redemption Per Share Price determined in November 2013 [Member]
Redemption [Line Items]
Share redemption plan share price (in dollars per share)		$5.45
Death and Disability Redemption Per Share Price determined in November 2013 [Member]
Redemption [Line Items]
Share redemption plan share price (in dollars per share)		$6.40
Death and Disability Redemption Per Share Price determined in December 2014 [Member]
Redemption [Line Items]
Share redemption plan share price (in dollars per share)	$6.50

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Feb. 28, 2015	Aug. 31, 2005
Property Subject To Or Available For Operating Lease [Line Items]
Buildings and improvements, net	$1,797,378,000		$1,634,658,000
Gain (loss) on sale of real estate investments	21,079,000	1,013,000
Citymark [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Contract sales price				38,900,000
Real estate, contract purchase price					27,800,000
Gain (loss) on sale of real estate investments	21,100,000
Buildings and improvements [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Buildings and improvements	1,589,471,000		1,452,900,000
Less: accumulated depreciation	-214,755,000		-206,460,000
Buildings and improvements, net	1,374,716,000		1,246,440,000
Land [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Buildings and improvements	$422,662,000		$388,218,000

Real_Estate_Investments_Intang

Real Estate Investments (Intangible Assets) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible lease assets, net	$159,523	$145,688
Below Market Lease [Abstract]
Out-of-Market Lease Liabilities, Cost	57,985	56,267
Out-of-Market Lease Liabilities, Less: accumulated Amortization	-27,704	-27,505
Out-of-Market Lease Liabilities, Net	30,281	28,762
In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	275,178	254,029
Less: accumulated amortization	-133,538	-127,055
Intangible lease assets, net	141,640	126,974
Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	43,840	43,834
Less: accumulated amortization	-25,957	-25,120
Intangible lease assets, net	$17,883	$18,714

Real_Estate_Investments_Intang1

Real Estate Investments (Intangible Assets 2) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$11,400,000	$13,500,000
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
April 1, 2015 through December 31, 2015	31,447,000
2016	32,306,000
2017	23,074,000
2018	17,664,000
2019	10,409,000
Out-of-Market Leases, Net
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of intangible asset (liability) for above and below market leases	-600,000	-700,000
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
April 1, 2015 through December 31, 2015	-1,608,000
2016	-847,000
2017	215,000
2018	-104,000
2019	($877,000)

Real_Estate_Investments_Future

Real Estate Investments (Future Minimum Rentals) (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Real Estate [Abstract]
April 1, 2015 through December 31, 2015	$123,696
2016	152,273
2017	134,494
2018	114,858
2019	96,883
Thereafter	574,895
Total	$1,197,099

Recent_Acquisitions_of_Real_Es2

Recent Acquisitions of Real Estate (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 01, 2014	Feb. 11, 2015	Dec. 31, 2014	Jan. 15, 2014
	property
Business Acquisition [Line Items]
Number of real estate properties acquired	1
Gain (loss) on sale or dissolution of unconsolidated joint venture	$0	$11,311,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Out-of-Market Lease Intangibles, Net	-30,281,000				-28,762,000
Business combination, net assets acquired and liabilities assumed				205,200,000
Civica Office Commons [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Building and Improvements				140,706,000
Land				41,240,000
In-place Lease Intangibles				26,230,000
Out-of-Market Lease Intangibles, Net				-3,000,000
Discount related to assumed mortgage loan				0
Business combination, net assets acquired and liabilities assumed				205,176,000
Grocery Anchored Portfolio [Member]
Business Acquisition [Line Items]
Proceeds from step acquisition			400,000
Step acquisition, fair value of previous held interest			167,200,000
Gain (loss) on sale or dissolution of unconsolidated joint venture			11,300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Building and Improvements			102,506,000
Land			63,900,000
In-place Lease Intangibles			24,980,000
Out-of-Market Lease Intangibles, Net			-12,670,000
Discount related to assumed mortgage loan			-500,000
Business combination, net assets acquired and liabilities assumed			178,216,000
Grocery Anchored Portfolio [Member] | Minimum [Member]
Business Acquisition [Line Items]
Fair value inputs, discount rate (percent)			6.50%
Grocery Anchored Portfolio [Member] | Maximum [Member]
Business Acquisition [Line Items]
Fair value inputs, discount rate (percent)			9.00%
Howard Hughes Center [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Building and Improvements						278,378,000
Land						138,820,000
In-place Lease Intangibles						101,840,000
Out-of-Market Lease Intangibles, Net						-8,290,000
Discount related to assumed mortgage loan						0
Business combination, net assets acquired and liabilities assumed						$510,748,000

Recent_Acquisitions_of_Real_Es3

Recent Acquisitions of Real Estate (Intangible Assets) (Details)	0 Months Ended
	Feb. 11, 2015	Jan. 01, 2014	Jan. 15, 2014
Civica Office Commons [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Below-Market Lease Liabilities, weighted average useful life	3 years 10 months 24 days
Civica Office Commons [Member] | In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Lease assets, weighted average useful life	3 years 10 months 24 days
Civica Office Commons [Member] | Above Market Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Lease assets, weighted average useful life	4 years
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] | In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Lease assets, weighted average useful life		15 years 5 months 5 days
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
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] | In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Lease assets, weighted average useful life			4 years 4 months 17 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

Recent_Acquisitions_of_Real_Es4

Recent Acquisitions of Real Estate (Pro Forma Information) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2013
Business Acquisition [Line Items]
Acquisition related expenses excluded from pro forma net loss	$500,000	$1,100,000
Civica Office Commons [Member]
Business Acquisition [Line Items]
Pro forma information, revenue of acquiree since acquisition date, actual	2,131,000
Pro forma information, net income (loss) of acquiree since acquisition date, actual	-85,000
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
Gain 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]
Gain on disposal excluded from pro forma net income (loss)			16,000,000
2015 Acquisitions [Member]
Business Acquisition [Line Items]
Pro forma revenue	58,536,000	64,733,000
Pro forma net income (loss)	47,277,000	41,959,000
Pro forma earnings per share basic and diluted (in dollars per share)	$0.21	$0.18
2014 Acquisitions [Member]
Business Acquisition [Line Items]
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)

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, 2015	Mar. 31, 2014
Revenues:
Rental revenue	$3	($41)
Other revenue	0	-22
Total revenues	3	-63
Expenses:
Property operating expenses	10	126
Real property taxes	0	0
Property management fees	0	-1
Depreciation and amortization	0	0
Total expenses	10	125
Income (loss) from discontinued operations before interest income (expense), benefit (provision) for income taxes and gain (loss) on sale of discontinued operations	-7	-188
Interest expense	0	0
Interest income	5	5
Benefit (provision) for income taxes	0	0
Income (loss) from discontinued operations before gain (loss) on sale of discontinued operations	-2	-183
Gain (loss) on sale of discontinued operations	0	0
Income (loss) from discontinued operations	-2	-183
Income (loss) from continuing operations attributable to common stockholders	47,289	42,422
Income (loss) from discontinued operations attributable to common stockholders	-2	-171
Net income (loss) attributable to common stockholders	$47,287	$42,251
Basic and diluted income (loss) per share attributable to common stockholders
Income (loss) from continuing operations (in dollars per share)	$0.21	$0.19
Income (loss) from discontinued operations (in dollars per share)	$0	$0

Recovered_Sheet1

Investments in Unconsolidated Entities (Rollforward of Activity) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	property		property
Real Estate Properties [Line Items]
Number of real estate properties (in properties)	33
Investment in Unconsolidated Entities [Roll Forward]
Beginning balance	$187,668	$393,695
Distributions declared	-56,788	-51,836
Equity in earnings (losses)	33,199	40,945
Effect of sale or dissolution of unconsolidated joint venture	0	-156,325
Ending balance	$164,079	$226,479
Unconsolidated Properties [Member] | Hines US Core Office Fund LP [Member]
Real Estate Properties [Line Items]
Number of real estate properties (in properties)	9		10

Recovered_Sheet2

Investments in Unconsolidated Entities (Summarized Financial Data) (Balance Sheets) (Details) (Hines US Core Office Fund LP [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Hines US Core Office Fund LP [Member]
ASSETS
Cash	$281,676	$87,154
Investment property, net	1,340,065	1,743,681
Other assets	352,807	453,487
Total Assets	1,974,548	2,284,322
LIABILITIES AND EQUITY
Debt	921,884	1,198,684
Other liabilities	334,787	176,821
Redeemable noncontrolling interests	177,219	192,172
Equity	540,658	716,645
Total Liabilities and Equity	$1,974,548	$2,284,322

Investments_in_Unconsolidated_2

Investments 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, 2015	Mar. 31, 2014
	property	property
Hines US Core Office Fund LP [Member]
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold (in properties)	1	1
Total revenues and gains	$46,501	$62,976
Total expenses	50,091	65,453
Gain (loss) on sale of real estate investments	139,872	0
Income (loss) from continuing operations	136,282	-2,477
Income (loss) from discontinued operations	0	174,155
Net income (loss)	136,282	171,678
Less (income) loss allocated to noncontrolling interests	-20,150	-30,579
Net income (loss) attributable to parent	$116,132	$141,099

Investments_in_Unconsolidated_3

Investments in Unconsolidated Entities (Narrative) (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2015	Dec. 31, 2011	Jan. 31, 2014	Mar. 31, 2008	Sep. 30, 2004
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of real estate investments	$21,079,000	$1,013,000
Hines US Core Office Fund LP [Member] | Indirectly-Owned Properties [Member] | One North Wacker [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage sold (percent)			51.00%	49.00%
Real estate, contract sales price			240,000,000
Real estate, contract purchase price						540,000,000
Gain (loss) on sale of real estate investments			139,900,000
Hines US Core Office Fund LP [Member] | Indirectly-Owned Properties [Member] | One North Wacker [Member] | Hines REIT [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of real estate investments	34,200,000
Hines US Core Office Fund LP [Member] | Indirectly-Owned Properties [Member] | 101 Second Street [Member]
Schedule of Equity Method Investments [Line Items]
Real estate, contract sales price					297,500,000
Real estate, contract purchase price							157,000,000
Gain (loss) on sale of real estate investments					174,400,000
Hines US Core Office Fund LP [Member] | Indirectly-Owned Properties [Member] | 101 Second Street [Member] | Hines REIT [Member]
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of real estate investments		$41,900,000

Debt_Financing_Details

Debt Financing (Details) (USD $)	3 Months Ended	12 Months Ended	1 Months Ended					0 Months Ended	1 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Feb. 28, 2015	Apr. 30, 2014	Jan. 31, 2014	Apr. 30, 2014	Feb. 28, 2014	13-May-15	Apr. 30, 2015	Mar. 31, 2014
					extension_option
Debt Instrument [Line Items]
Debt, weighted average years to maturity	1 year 9 months	2 years 1 month
Debt, weighted average interest rate	3.60%	3.90%
Debt, Principal Outstanding	$1,025,590,000	$867,998,000
Unamortized Discount	-228,000	-340,000
Notes Payable	1,025,362,000	867,658,000
Maturities Of Long Term Debt Abstract
April 1, 2015 through December 31, 2015	49,797,000
2016	373,116,000
2017	398,300,000
2018	204,377,000
2019	0
Thereafter	0
Revolving Credit Facility - Revolving Loan [Member]
Debt Instrument [Line Items]
Interest Rate (percent)				1.86%		1.86%
Debt instrument, term of extension option				1 year
Repayments of lines of credit			44,000,000
Line of credit facility, current borrowing capacity				225,000,000		225,000,000
Proceeds from line of credit borrowings	173,000,000			170,000,000
Revolving Credit Facility - Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate (percent)				1.76%		1.76%
Line of credit facility, current borrowing capacity				200,000,000		200,000,000
Proceeds from line of credit borrowings				200,000,000
Revolving Credit Facility [Member] | The Advisor [Member]
Debt Instrument [Line Items]
Debt financing fees waived				4,300,000
Secured Mortgage Debt [Member] | Arapahoe Business Park I [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed
Interest Rate (percent)	5.33%
Debt, Principal Outstanding	9,076,000	9,117,000
Secured Mortgage Debt [Member] | Arapahoe Business Park II [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed
Interest Rate (percent)	5.53%
Debt, Principal Outstanding	9,520,000	9,568,000
Secured Mortgage Debt [Member] | 1515 S. Street [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed
Interest Rate (percent)	4.25%
Debt, Principal Outstanding	37,435,000	37,702,000
Secured Mortgage Debt [Member] | 345 Inverness Drive [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed
Interest Rate (percent)	5.85%
Debt, Principal Outstanding	14,407,000	14,470,000
Secured Mortgage Debt [Member] | JP Morgan Chase Tower [Member]
Debt Instrument [Line Items]
Interest Rate Description	Variable
Interest Rate (percent)	2.68%
Debt, Principal Outstanding	152,295,000	153,219,000
Secured Mortgage Debt [Member] | Thompson Bridge Commons [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed
Interest Rate (percent)	6.02%
Debt, Principal Outstanding	5,160,000	5,225,000
Secured Mortgage Debt [Member] | 321 North Clark, 1900 and 2000 Alameda [Member] | HSH Nordbank [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed via swap
Interest Rate (percent)	5.86%
Debt, Principal Outstanding	169,697,000	169,697,000
Secured Mortgage Debt [Member] | 3400 Data Drive, 2100 Powell [Member] | HSH Nordbank [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed via swap
Interest Rate (percent)	5.25%
Debt, Principal Outstanding	98,000,000	98,000,000
Secured Mortgage Debt [Member] | Daytona And Laguna Buildings [Member] | HSH Nordbank [Member]
Debt Instrument [Line Items]
Interest Rate Description	Fixed via swap
Interest Rate (percent)	5.36%
Debt, Principal Outstanding	119,000,000	119,000,000
Revolving Credit Facility - Revolving Loan [Member]
Debt Instrument [Line Items]
Interest Rate Description	Variable
Interest Rate (percent)	1.78%
Debt, Principal Outstanding	181,000,000	52,000,000
Revolving Credit Facility - Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate Description	Variable
Interest Rate (percent)	1.68%
Debt, Principal Outstanding	200,000,000	200,000,000
Bridge Credit Agreement [Member]
Debt Instrument [Line Items]
Interest Rate Description	Variable
Interest Rate (percent)	1.78%		1.78%
Debt, Principal Outstanding	30,000,000	0
Debt instrument, face amount			30,000,000
Bridge Credit Agreement [Member] | The Advisor [Member]
Debt Instrument [Line Items]
Debt financing fees waived			300,000
Acquisition Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face amount					425,000,000
Debt instrument, number of extension options					2
Debt instrument, term of extension option					30 days
Acquisition Credit Agreement [Member] | The Advisor [Member]
Debt Instrument [Line Items]
Debt financing fees waived					4,300,000
Acquisition Credit Agreement [Member] | JPMorgan Chase [Member]
Debt Instrument [Line Items]
Debt, Principal Outstanding										380,000,000
Repayments of lines of credit				370,000,000		10,000,000	45,000,000
Subsequent Event [Member] | Revolving Credit Facility - Revolving Loan [Member]
Debt Instrument [Line Items]
Repayments of lines of credit									68,000,000
Proceeds from line of credit borrowings								$86,000,000

Derivative_Instruments_Details

Derivative Instruments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Derivative Instruments Not Designated As Hedging Instruments [Abstract]
Liability Derivatives Fair Value	$31,200		$34,393
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net [Abstract]
Gain (loss) on interest rate swap, net	3,193	5,741
Interest Rate Swap [Member]
Derivative Instruments Not Designated As Hedging Instruments [Abstract]
Liability Derivatives Fair Value	31,200		34,393
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net [Abstract]
Gain (loss) on interest rate swap, net	3,193	5,741
Interest Rate Swap [Member] | Contract 1 [Member]
Derivative [Line Items]
Notional Amount	169,697
Interest Rate Received	LIBOR
Interest Rate Paid (percent)	5.46%
Interest Rate Swap [Member] | Contract 2 [Member]
Derivative [Line Items]
Notional Amount	98,000
Interest Rate Received	LIBOR
Interest Rate Paid (percent)	4.85%
Interest Rate Swap [Member] | Contract 3 [Member]
Derivative [Line Items]
Notional Amount	$119,000
Interest Rate Received	LIBOR
Interest Rate Paid (percent)	4.96%

Distributions_Narrative_Detail

Distributions Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Distributions Declared for January 2014 through May 2015 [Member]
Distributions [Line Items]
Common stock dividends (in dollars per share, per day)	$0.00
Distributions Declared for July 2010 through March 2013 [Member]
Distributions [Line Items]
Common stock dividends (in dollars per share, per day)	$0.00

Distributions_Details

Distributions (Details) (USD $)	3 Months Ended					12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2014
Distributions [Line Items]
Cash Distributions	$9,507	$9,755	$9,756	$9,659	$9,552	$38,722
Distributions Reinvested	5,424	5,573	5,615	5,610	5,613	22,411
Total Declared	14,931	15,328	15,371	15,269	15,165	61,133
Noncontrolling Interests, Total Declared	74	75	76	74	74	299
Participation Interest [Member]
Distributions [Line Items]
Total Declared	$1,100	$1,100	$1,000	$1,000	$1,000

Related_Party_Transactions_By_

Related Party Transactions (By Category) (Details) (USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 30, 2014	Feb. 28, 2015	Jan. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Participation interest liability	$112,649,000					$108,911,000
Due to Affiliates	8,080,000					4,694,000
HALP Associates Limited Partnership [Member] | Participation Interest In Operating Partnership [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	4,840,000	6,017,000
Participation interest liability	112,649,000					108,911,000
The Advisor [Member] | Revolving Credit Facility [Member]
Related Party Transaction [Line Items]
Debt financing fees waived			4,300,000
The Advisor [Member] | Bridge Credit Agreement [Member]
Related Party Transaction [Line Items]
Debt financing fees waived				300,000
The Advisor [Member] | Acquisition Credit Agreement [Member]
Related Party Transaction [Line Items]
Debt financing fees waived					4,300,000
The Advisor [Member] | Civica Office Commons [Member]
Related Party Transaction [Line Items]
Acquisition fees				2,100,000
Acquisition fees waived				600,000
The Advisor [Member] | Howard Hughes Center [Member]
Related Party Transaction [Line Items]
Acquisition fees					5,000,000
Acquisition fees waived					1,500,000
The Advisor [Member] | Acquisition Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	410,000	1,012,000
Due to Affiliates	410,000					0
The Advisor [Member] | Asset Management Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	3,431,000	3,706,000
Due to Affiliates	3,431,000					1,135,000
The Advisor [Member] | Debt Financing Fee Advisor [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	0	0
Due to Affiliates	0					0
The Advisor [Member] | Other [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	788,000	809,000
Due to Affiliates	644,000					656,000
Hines [Member] | Property Management Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	1,311,000	1,399,000
Due to Affiliates	102,000					34,000
Hines [Member] | Leasing Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	2,157,000	27,000
Due to Affiliates	3,029,000					2,252,000
Hines [Member] | Tenant Construction Management Fee [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	0	4,000
Due to Affiliates	5,000					5,000
Hines [Member] | Expense Reimbursement [Member]
Related Party Transaction [Line Items]
Expenses incurred to related parties	3,064,000	4,009,000
Due to Affiliates	459,000					612,000
Participation Interest [Member] | Civica Office Commons [Member]
Related Party Transaction [Line Items]
Acquisition fees waived				1,000,000
Participation Interest [Member] | Howard Hughes Center [Member]
Related Party Transaction [Line Items]
Acquisition fees waived					$2,500,000

Changes_in_Other_Assets_and_Li

Changes in Other Assets and Liabilities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Increase (Decrease) in Operating Capital [Abstract]
Change in other assets	($801)	($1,810)
Change in tenant and other receivables	-1,646	-5,043
Change in deferred leasing costs	-30,471	-2,939
Change in accounts payable and accrued expenses	13,992	900
Change in participation interest liability	3,738	5,082
Change in other liabilities	-578	1,010
Change in due to affiliates	3,391	458
Changes in assets and liabilities	($12,375)	($2,342)

Supplemental_Cash_Flows_Disclo1

Supplemental Cash Flows Disclosures (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	$6,805	$11,236
Cash paid for income taxes	0	0
Supplemental Schedule of Non-Cash Activities
Distributions declared and unpaid	15,004	15,238	15,403
Distributions receivable	56,788	3,888	7,199
Distributions reinvested	5,573	5,811
Shares tendered for redemption	7,520	10,095
Assumption of mortgages upon dissolution of joint venture	0	10,947
Noncash net assets (liabilities) acquired upon acquisition of property	($1,812)	$172,244

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Mar. 31, 2015	Jan. 15, 2015	Sep. 30, 2014
In Millions, unless otherwise specified
2555 Grand [Member] | Shook Hardy and Bacon [Member]
Guarantee Obligations [Line Items]
Tenant improvements, commitment		$14.70
Tenant improvements, unfunded	11.9
JP Morgan Chase Tower [Member] | Locke Lord [Member]
Guarantee Obligations [Line Items]
Tenant improvements, commitment			15.9
Tenant improvements, unfunded	$12.60

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap contracts	$31,200,000	$34,393,000
Notes payable carrying amount	1,025,362,000	867,658,000
Notes payable estimated fair value	1,000,000,000	889,200,000
Fair Value Measurements Recurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap contracts	31,200,000	34,393,000
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	$31,200,000	$34,393,000

Reportable_Segments_Details

Reportable Segments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Jan. 31, 2014	Jan. 01, 2014
	segment			shopping_center	property
	property
Segment Reporting Information [Line Items]
Number of reportable segments	3
Number of real estate properties (in properties)	33
Total revenue	$55,990	$60,056
Total segment net property revenues in excess of expenses	32,019	33,302
Equity in earnings (losses) of unconsolidated entities, net	33,199	40,945
Total assets	2,433,069		2,228,992
Deposit on investment property	0		15,000
Office properties
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	24
Industrial property
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	1
Retail properties
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	8			12	8
Corporate Level Accounts [Member]
Segment Reporting Information [Line Items]
Total assets	85,079		53,993
Directly-Owned Properties [Member] | Office properties
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	15
Total revenue	50,541	54,877
Total segment net property revenues in excess of expenses	28,193	29,548
Total assets	1,960,113		1,760,560
Directly-Owned Properties [Member] | Industrial property
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	1
Total revenue	917	774
Total segment net property revenues in excess of expenses	562	472
Total assets	35,992		36,475
Directly-Owned Properties [Member] | Retail properties
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	8
Total revenue	4,532	4,405
Total segment net property revenues in excess of expenses	3,264	3,282
Total assets	187,806		190,296
Indirectly-Owned Properties [Member] | Office properties
Segment Reporting Information [Line Items]
Number of real estate properties (in properties)	9
Equity in earnings (losses) of unconsolidated entities, net	33,199	40,945
Total assets	$164,079		$187,668

Reportable_Segments_Reconcilia

Reportable Segments (Reconciliation to Consolidated) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting [Abstract]
Total segment net property revenues in excess of expenses	$32,019	$33,302
Depreciation and amortization	-22,483	-24,726
Acquisition related expenses	-56	-106
Asset management and acquisition fees	-8,681	-10,735
General and administrative	-1,350	-1,957
Gain (loss) on derivative instruments, net	3,193	5,741
Gain (loss) on sale or dissolution of unconsolidated joint venture	0	11,311
Equity in earnings (losses) of unconsolidated entities, net	33,199	40,945
Gain (loss) on sale of real estate investments	21,079	1,013
Interest expense	-9,481	-12,376
Interest income	10	185
Benefit (provision) for income taxes	-86	-89
Income (loss) from discontinued operations, net of taxes	-2	-183
Net income (loss)	$47,361	$42,325

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	31-May-08	Apr. 30, 2015
In Millions, unless otherwise specified		sqft
4050 and 4055 Corporate Drive [Member]
Subsequent Event [Line Items]
Real estate, contract purchase price	$42.80
Subsequent Event [Member] | 2851 Junction [Member]
Subsequent Event [Line Items]
Real estate, contract purchase price		86
Rentable area (in sqft)		155,613
Real estate acquisition, percentage of office property leased (percent)		100.00%
Subsequent Event [Member] | 4050 and 4055 Corporate Drive [Member]
Subsequent Event [Line Items]
Contract sales price		$44.30