HGR Liquidating Trust 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 30, 2016	Nov. 14, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Hines Global REIT, Inc.
Entity Central Index Key	1,453,818
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity, Common Stock, Shares, Outstanding		277.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Investment property, net	$ 3,212,803	$ 3,267,877
Investment in unconsolidated entities	24	2,006
Cash and cash equivalents	119,373	136,627
Restricted cash	21,057	19,764
Derivative instruments	23	675
Tenant and other receivables, net	115,772	94,890
Intangible lease assets, net	556,236	672,784
Deferred leasing costs, net	122,600	104,308
Deferred financing costs, net	2,692	3,384
Real estate loans receivable, net	32,991	55,280
Other assets	15,719	15,351
Total assets	4,199,290	4,372,946
Liabilities:
Accounts payable and accrued expenses	109,873	101,981
Due to affiliates	14,284	14,469
Intangible lease liabilities, net	86,649	95,696
Other liabilities	39,524	48,583
Distributions payable	20,393	19,837
Notes payable, net	2,483,424	2,545,656
Total liabilities	2,754,147	2,826,222
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or outstanding as of September 30, 2016 and December 31, 2015
Common stock, $.001 par value; 1,500,000 shares authorized, 276,372 and 274,482 issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	276	274
Additional paid-in capital	2,497,454	2,476,744
Accumulated distributions in excess of earnings	(926,668)	(815,127)
Accumulated other comprehensive income (loss)	(171,114)	(163,096)
Total stockholders’ equity	1,399,948	1,498,795
Noncontrolling interests	45,195	47,929
Total equity	1,445,143	1,546,724
Total liabilities and equity	$ 4,199,290	$ 4,372,946

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
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)	$ 0.001	$ 0.001
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	276,372,000	274,482,000
Common stock, shares outstanding	276,372,000	274,482,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental revenue	$ 111,993	$ 110,253	$ 332,965	$ 325,947
Other revenue	9,861	9,280	29,421	26,406
Total revenues	121,854	119,533	362,386	352,353
Expenses:
Property operating expenses	22,844	22,672	68,467	67,795
Real property taxes	13,030	12,501	37,729	35,609
Property management fees	2,498	2,520	7,238	7,613
Depreciation and amortization	44,116	48,027	133,819	139,148
Acquisition related expenses	91	(175)	263	8,332
Asset management and acquisition fees	9,204	9,025	27,473	35,542
General and administrative expenses	2,859	2,037	8,775	6,429
Total expenses	94,642	96,607	283,764	300,468
Income (loss) before other income (expenses) and benefit (provision) for income taxes	27,212	22,926	78,622	51,885
Other income (expenses):
Gain (loss) on derivative instruments	(29)	(59)	(708)	586
Equity in earnings (losses) of unconsolidated entity	(73)	0	7,528	0
Gain (loss) on sale of real estate investments	0	55	0	(1,073)
Foreign currency gains (losses)	3,282	(1,485)	(3,798)	(5,538)
Interest expense	(16,135)	(17,794)	(48,727)	(54,759)
Other income (expenses)	143	80	78	345
Income (loss) before benefit (provision) for income taxes	14,400	3,723	32,995	(8,554)
Benefit (provision) for income taxes	(2,032)	(1,570)	(5,004)	(3,559)
Net income (loss)	12,368	2,153	27,991	(12,113)
Net (income) loss attributable to noncontrolling interests	(2,160)	(1,086)	(5,091)	(4,358)
Net income (loss) attributable to common stockholders	$ 10,208	$ 1,067	$ 22,900	$ (16,471)
Basic and diluted income (loss) per common share (in dollars per share)	$ 0.04	$ 0	$ 0.08	$ (0.06)
Distributions declared per common share (in dollars per share)	$ 0.16	$ 0.16	$ 0.49	$ 0.49
Weighted average number of common shares outstanding	276,067	273,201	275,539	272,293
Net comprehensive income (loss):
Net income (loss)	$ 12,368	$ 2,153	$ 27,991	$ (12,113)
Other comprehensive income (loss):
Foreign currency translation adjustment	2,026	(28,837)	(10,904)	(44,817)
Net comprehensive income (loss)	14,394	(26,684)	17,087	(56,930)
Net comprehensive (income) loss attributable to noncontrolling interests	(1,507)	(230)	(2,205)	(3,748)
Net comprehensive income (loss) attributable to common stockholders	$ 12,887	$ (26,914)	$ 14,882	$ (60,678)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Hines Global REIT, Inc. Common Stock [Member]	Hines Global REIT, Inc. Additional Paid-in Capital [Member]	Accumulated Distributions in Excess of Net Income [Member]	Hines Global REIT, Inc. Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning balance, shares at Dec. 31, 2014		270,657
Beginning balance at Dec. 31, 2014		$ 271	$ 2,440,089	$ (627,203)	$ (123,769)	$ 1,689,388	$ 46,709
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, shares		7,354
Issuance of common shares		$ 7	70,347			70,354
Contribution from noncontrolling interest							953
Distributions declared				(132,372)		(132,372)	(533)
Distributions on Convertible Preferred Equity Certificates (CPEC)							(2,761)
Redemption of common shares, shares		(4,498)
Redemption of common shares		$ (4)	(41,494)			(41,498)
Issuer costs			(53)			(53)
Net income (loss)	$ (12,113)			(16,471)		(16,471)	4,358
Foreign currency translation adjustment	$ (44,817)				(45,317)	(45,317)	(610)
Foreign currency translation adjustment reclassified into earnings					1,110	1,110
Ending balance, shares at Sep. 30, 2015		273,513
Ending balance at Sep. 30, 2015		$ 274	2,468,889	(776,046)	(167,976)	1,525,141	48,116
Beginning balance, shares at Dec. 31, 2015	274,482	274,482
Beginning balance at Dec. 31, 2015	$ 1,546,724	$ 274	2,476,744	(815,127)	(163,096)	1,498,795	47,929
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, shares		7,043
Issuance of common shares		$ 7	70,741			70,748
Distributions declared				(134,441)		(134,441)	(1,875)
Distributions on Convertible Preferred Equity Certificates (CPEC)							(3,064)
Redemption of common shares, shares		(5,153)
Redemption of common shares		$ (5)	(49,997)			(50,002)
Issuer costs			(34)			(34)
Net income (loss)	27,991			22,900		22,900	5,091
Foreign currency translation adjustment	$ (10,904)				(8,018)	(8,018)	(2,886)
Ending balance, shares at Sep. 30, 2016	276,372	276,372
Ending balance at Sep. 30, 2016	$ 1,445,143	$ 276	$ 2,497,454	$ (926,668)	$ (171,114)	$ 1,399,948	$ 45,195

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 27,991	$ (12,113)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	148,573	151,616
Equity in (earnings) losses of unconsolidated entity	(7,528)	0
Distributions from unconsolidated entities	7,528	0
Foreign currency (gains) losses	3,798	5,538
(Gain) loss on the sale of real estate investments	0	1,073
(Gain) loss on derivative instruments	708	(586)
Changes in assets and liabilities:
Change in other assets	(833)	(3,416)
Change in tenant and other receivables	(26,908)	(21,550)
Change in deferred leasing costs	(29,861)	(31,769)
Change in accounts payable and accrued expenses	8,132	9,903
Change in other liabilities	(6,745)	(3,429)
Change in due to affiliates	(1,615)	(1,338)
Net cash from operating activities	123,240	93,929
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in acquired properties and lease intangibles	0	(431,169)
Capital expenditures at operating properties and developments	(13,017)	(8,512)
Distributions from unconsolidated entity in excess of equity in earnings	1,982	721
Investments in real estate loans receivable	(5,949)	(10,255)
Proceeds from collection of real estate loans receivable	28,767	17,591
Change in restricted cash	(1,446)	(1,674)
Net cash (used in) from investing activities	10,337	(433,298)
CASH FLOWS FROM FINANCING ACTIVITIES:
Contribution from noncontrolling interest	0	953
Redemption of common shares	(50,628)	(42,994)
Payments of issuer costs	(38)	(46)
Distributions paid to stockholders and noncontrolling interests	(67,444)	(64,034)
Proceeds from notes payable	109,000	1,337,672
Payments on related party notes payable	0	(17,017)
Payments on notes payable	(139,431)	(876,546)
Change in security deposit liability	116	635
Deferred financing costs paid	(339)	(7,648)
Payments related to interest rate contracts	(55)	(2,340)
Net cash (used in) from financing activities	(148,819)	328,635
Effect of exchange rate changes on cash	(2,012)	(5,814)
Net change in cash and cash equivalents	(17,254)	(16,548)
Cash and cash equivalents, beginning of period	136,627	143,609
Cash and cash equivalents, end of period	$ 119,373	$ 127,061

Organization

Organization	9 Months Ended
	Sep. 30, 2016
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, 2015 included in Hines Global REIT, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2015 . 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 Global REIT, Inc. as of September 30, 2016 , the results of operations for the three and nine months ended September 30, 2016 and 2015 and cash flows for the nine months ended September 30, 2016 and 2015 have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year. Hines Global REIT, Inc. (the “Company”), was formed as a Maryland corporation on December 10, 2008 under the General Corporation Law of the state of Maryland for the purpose of engaging in the business of investing in and owning commercial real estate properties and other real estate investments. The Company conducts most of its operations through Hines Global REIT Properties, LP (the “Operating Partnership”) and subsidiaries of the Operating Partnership. The Company operates in a manner to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. The business of the Company is managed by Hines Global REIT Advisors LP (the “Advisor”), an affiliate of Hines Interests Limited Partnership (“Hines”), pursuant to the Advisory Agreement between the Company, the Advisor and the Operating Partnership (the “Advisory Agreement”). The Company raised the equity capital for its real estate investments through two public offerings from August 5, 2009 through April 11, 2014 . The Company continues to offer up to $500.0 million of shares of its common stock under its distribution reinvestment plan, pursuant to an offering which commenced on April 24, 2014 (the “DRP Offering”). The Company has raised gross offering proceeds of approximately $3.0 billion through its public offerings, including the DRP Offering, all of which have been invested in the Company’s real estate portfolio. In March 2015, the Company completed its investment of the proceeds raised through its public offerings. As of September 30, 2016 , the Company owned interests in 42 real estate investments, consisting of the following types of investments: • Domestic office investments ( 11 investments) • Domestic other investments ( 9 investments) • International office investments ( 10 investments) • International other investments ( 12 investments) Discussed below are additional details related to the Company’s investments in real estate-related debt as of September 30, 2016 . Each of these investments is included in the Company’s domestic other investments segment. All other investments are operating real estate investments. • Flagship Capital JV — 97% interest in a joint venture with Flagship Capital GP, which was formed to provide real estate loans. The joint venture has two loans receivable, totaling $15.1 million , outstanding as of September 30, 2016 . The Company is not affiliated with Flagship Capital GP. See Note 5 — Real Estate Loans Receivable for additional information regarding these loans receivable. • The Rim Loan Receivable — the Company committed to provide construction financing to the developer of additional retail parcels at The Rim, an outdoor retail center located in San Antonio, Texas. In April 2015, the Company completed the acquisition of the first of these additional parcels, consisting of 259,316 square feet. In December 2015, the Company completed the acquisition of an additional parcel, consisting of 28,901 square feet. The total amount of the commitment, as amended in April and December 2015, is $20.8 million . As of September 30, 2016 , the Company had outstanding loans of $17.9 million to the developer. The Company is not affiliated with the developer of the project. Consolidated VIEs The WaterWall Place JV, Aviva Coral Gables JV, and Flagship Capital JV were each determined to be variable interest entities (“VIE”) in which the Company is the primary beneficiary and the Company has consolidated these joint ventures accordingly. A summary of the assets and liabilities of these consolidated VIEs, as well as the maximum loss exposure of the Company from these consolidated VIEs, is as follows (in thousands): September 30, 2016 December 31, 2015 Maximum risk of loss (1) $ 32,041 $ 52,394 Assets held by VIEs $ 138,007 $ 171,172 Assets held as collateral for debt $ 138,007 $ 171,172 Liabilities held by VIEs $ 92,408 $ 106,656 (1) Represents the Company's contributions, net of distributions, made to the consolidated VIEs. Restrictions on the use of a VIE’s assets are significant because they serve as collateral for such VIE’s debt, and the Company is generally required to obtain its partners’ approval in accordance with the respective joint venture agreements for any major transactions. Transactions with these joint ventures on the Company’s consolidated financial statements primarily relate to (i) contributions for the funding of loans receivable or distributions related to the receipt of proceeds from the collection of loans receivable at the Flagship JV or (ii) operating distributions received from the WaterWall Place JV and the Aviva Coral Gables JV, respectively. The Company and its partners are subject to the provisions of the joint venture agreements for the VIEs, which include provisions for when additional contributions may be required. During the nine months ended September 30, 2016 , the Company received distributions of $20.4 million , net of capital contributions of $0.1 million in accordance with the Company’s respective joint venture agreements. During the nine months ended September 30, 2015 , the Company made capital contributions of $6.0 million , net of received distributions of $11.5 million in accordance with the Company’s respective joint venture agreements. This activity is eliminated in consolidation of the VIEs, but increases, or decreases in the case of distributions received, the Company’s maximum risk of loss. Unconsolidated VIEs The Rim Loan Receivable In February 2014, the Company completed the acquisition of The Rim, an outdoor retail center located in San Antonio, Texas. In August 2014, the Company entered into a loan agreement with Central Rim LLC (the “Rim Borrower”), as amended in April 2015 and December 2015, to provide $20.8 million of construction financing at The Rim. In April 2015, the Company completed the acquisition of an additional 259,316 square feet of retail space at The Rim. In December 2015, the Company completed the acquisition of an additional parcel, consisting of 28,901 square feet. Following the completion of the development of each parcel, the Company will have certain rights or obligations to purchase each parcel. As a result of these purchase rights or obligations, and due to the fact that the Rim Borrower lacks the obligation to absorb losses upon the achievement of certain metrics, the Company has determined that the entity that owns these parcels is considered to be a VIE. Additionally, the Rim Borrower was determined to be the primary beneficiary of this VIE since it is the party most directly responsible for the success of the entity. As of September 30, 2016 , the Company had loans of $17.9 million outstanding to the developer. The Company's maximum exposure to loss is the amount borrowed under the facility agreement, plus any unpaid interest. The most significant source of the Company's exposure to the VIE is the variability related to the Rim Borrower's credit risk and its ability to repay the amounts funded. The 1377 Equity Method Investment The Company formed a joint venture with an affiliate of Hines in 2011 related to the construction of 1377, a multi-family development project in Atlanta, Georgia. The Company provided a preferred equity investment in the partnership of $3.6 million during 2012, representing a 51.7% ownership in the project and a $3.2 million mezzanine loan commitment plus accrued interest made by the Company. In addition, the partnership obtained a $23.3 million secured loan from Cadence Bank, N.A., which is solely guaranteed by the Company’s joint venture partner (the “JV Partner”). The Company has concluded that 1377 qualifies as a VIE. The JV Partner was the manager of the project, which allowed the JV Partner to direct the activities of the VIE that most significantly impact the VIE’s financial performance. Based upon the loan guarantees and the JV Partner’s ability to direct the activities that significantly impact the economic performance of the VIE, the Company determined that it was not the primary beneficiary of this VIE and determined to account for its preferred equity investment in the project as an equity method investment. Other than the initial capital contributions provided by the Company, the Company did not provide any additional subordinated financial support. The construction of 1377 was completed in March 2014 and in June 2016, the partnership sold 1377 for $51.0 million , excluding transaction costs and closing prorations. As a result of the sale of the property, the Company’s equity in earnings of the partnership included a gain of $7.5 million and the Company received distributions of $8.7 million as well as $4.0 million related to the repayment of its mezzanine loan. The table below presents the activity of the Company's unconsolidated entities as of and for the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Investment in Unconsolidated Entities 2016 2015 2016 2015 Beginning balance $ 225 $ 2,113 $ 2,006 $ 2,873 Equity in earnings (73 ) 176 7,528 291 Distributions (128 ) (150 ) (9,510 ) (1,025 ) Ending balance $ 24 $ 2,139 $ 24 $ 2,139 The table below summarizes the Company’s maximum loss exposure related to its unconsolidated VIEs as of September 30, 2016 and December 31, 2015 , (in thousands) which is equal to the carrying value of its investment in the unconsolidated VIEs included in the balance sheet line item “Investment in unconsolidated entities” and the Company’s outstanding loan receivable balances of $17.9 million and $16.6 million as of September 30, 2016 and December 31, 2015 , respectively, held by the VIEs which is included in the balance sheet line item “Real estate loans receivable” in the condensed consolidated balance sheets. Period Investment in Unconsolidated VIEs (1) Maximum Risk of Loss (2) September 30, 2016 $ 24 $ 17,884 December 31, 2015 $ 2,006 $ 18,619 (1) Represents the Company’s contributions, net of distributions, made to its VIEs, as well as the equity in earnings on the investments. (2) Maximum Risk of Loss is equal to the amount outstanding under the loan plus the Company’s contributions, net of distributions, made to the VIEs as of the date indicated, as well as the equity in earnings on the investments. See Note 5 — Real Estate Loans Receivable for additional information regarding the loan.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
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, 2015 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 on Form 10-Q include the accounts of Hines Global REIT, Inc., 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. As a result of the adoption of Accounting Standards Update (“ASU”) 2015-02, the Company has determined that the Operating Partnership is considered a VIE. However, the Company meets the disclosure exemption criteria under ASU 2015-02, as the Company is the primary beneficiary of the VIE and the Company’s partnership interest is considered a majority voting interest. The Company has retroactively changed, for all prior periods presented, its classification of distributions in its consolidated balance sheets and statements of equity by reflecting such distributions as charges against “accumulated distributions in excess of earnings.” This presentation change had no impact on the total equity balances in any of the periods presented. Tenant and Other Receivables Tenant and other receivables are shown at cost in the condensed consolidated balance sheets, net of allowance for doubtful accounts of $2.0 million and $1.7 million at September 30, 2016 and December 31, 2015 , respectively. Deferred Financing Costs Deferred financing costs consist of direct costs incurred in obtaining debt financing (see Note 6 — Debt Financing). These fees are presented as a reduction to the related debt liability for permanent mortgages and as an asset for revolving credit arrangements. In total, deferred financing costs (net of amortization) were $12.2 million and $15.6 million as of September 30, 2016 and December 31, 2015 , respectively. These costs are amortized into interest expense on a straight-line basis, which approximates the effective interest method, over the terms of the obligations. For the three months ended September 30, 2016 and 2015 , $1.2 million and $1.7 million , respectively, were amortized into interest expense in the accompanying condensed consolidated statement of operations. For the nine months ended September 30, 2016 and 2015 , $3.8 million and $4.7 million , respectively, were amortized into interest expense in the accompanying condensed consolidated statement of operations. Other Assets Other assets included the following (in thousands): September 30, 2016 December 31, 2015 Deferred costs $ 250 $ 1,000 Prepaid expenses 3,589 3,401 Deferred tax assets 11,542 10,501 Other 338 449 Other assets $ 15,719 $ 15,351 Revenue Recognition Rental payments are generally paid by the tenants prior to the beginning of each month or quarter to which they relate. As of September 30, 2016 and December 31, 2015 , respectively, the Company recorded liabilities of $29.3 million and $33.4 million 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 $88.3 million and $72.2 million as of September 30, 2016 and December 31, 2015 , respectively. Straight-line rent receivable consists of the difference between the tenants’ rents calculated on a straight-line basis from the date of acquisition or lease commencement over the remaining terms of the related leases and the tenants’ actual rents due under the lease agreements and is included in tenant and other receivables in the accompanying consolidated balance sheets. Revenues associated with operating expense recoveries are recognized in the period in which the expenses are incurred based upon the tenant lease provisions. Revenues relating to lease termination fees are recognized on a straight-line basis amortized from the time that a tenant’s right to occupy the leased space is modified through the end of the revised lease term. Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance that eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Pursuant to the new guidance, an acquirer will recognize a measurement-period adjustment during the period in which it determines the amount of the adjustment. This new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption was permitted. The adoption of this new guidance did not have a material impact on the Company’s financial statements. In June 2016, the FASB issued new guidance that requires the impairment of financial instruments to be based on expected credit losses. These amendments are effective for fiscal years and interim periods within those years, beginning after December 15, 2019 and early adoption is permitted for years and interim periods within those years beginning after December 15, 2018. The Company is currently assessing the impact the adoption of this guidance will have on its financial statements. In August 2016, the FASB issued amendments to the Accounting Standards Codification to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and for all other entities for annual periods beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019 and early adoption is permitted. The Company does not believe the adoption of this guidance will have a material impact on its financial statements.

Investment Property

Investment Property	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
INVESTMENT PROPERTY	INVESTMENT PROPERTY Investment property consisted of the following amounts as of September 30, 2016 and December 31, 2015 (in thousands): September 30, 2016 December 31, 2015 Buildings and improvements $ 2,765,200 $ 2,776,740 Less: accumulated depreciation (249,457 ) (200,311 ) Buildings and improvements, net 2,515,743 2,576,429 Land 697,060 691,448 Investment property, net $ 3,212,803 $ 3,267,877 As of September 30, 2016 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 839,763 $ 103,405 $ (121,712 ) Less: accumulated amortization (336,981 ) (49,951 ) 35,063 Net $ 502,782 $ 53,454 $ (86,649 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 894,110 $ 108,660 $ (123,124 ) Less: accumulated amortization (286,903 ) (43,083 ) 27,428 Net $ 607,207 $ 65,577 $ (95,696 ) Amortization expense of in-place leases was $25.5 million and $29.6 million for the three months ended September 30, 2016 and 2015 , respectively. Net amortization of out-of-market leases resulted in a decrease to rental revenue of $0.8 million and $0.5 million for the three months ended September 30, 2016 and 2015 , respectively. Amortization expense of in-place leases was $78.2 million and $86.1 million for the nine months ended September 30, 2016 and 2015 , respectively. Net amortization of out-of-market leases resulted in a decrease to rental revenue of $2.4 million and $2.8 million for the nine months ended September 30, 2016 and 2015 , respectively. Anticipated amortization of in-place leases and out-of-market leases, net, for the period from October 1, 2016 through December 31, 2016 and for each of the years ending December 31, 2017 through December 31, 2020 are as follows (in thousands): In-Place Leases Out-of-Market Leases, Net October 1, 2016 through December 31, 2016 $ 22,848 $ 549 2017 74,935 (423 ) 2018 58,404 (2,437 ) 2019 46,288 (3,707 ) 2020 37,366 (3,268 ) Leases The Company has entered into non-cancelable lease agreements with tenants for space. As of September 30, 2016 , the approximate fixed future minimum rentals for the period from October 1, 2016 through December 31, 2016 , for each of the years ending December 31, 2017 through December 31, 2020 and for the period thereafter are as follows (in thousands): Fixed Future Minimum Rentals October 1, 2016 through December 31, 2016 $ 82,024 2017 327,413 2018 278,394 2019 253,222 2020 227,989 Thereafter 1,357,063 Total $ 2,526,105 Pursuant to the lease agreements with certain tenants in one of its buildings, a wholly-owned subsidiary of the Company receives fees for the provision of various telecommunication-related services and the use of certain related facilities. The fixed future minimum rentals expected to be received for such services for the period from October 1, 2016 through December 31, 2016 , for each of the years ended December 31, 2017 through 2020 and for the period thereafter are $1.0 million , $3.8 million , $3.6 million , $1.6 million , $1.2 million and $3.2 million , respectively. During the nine months ended September 30, 2016 and 2015 , the Company did not earn more than 10% of its total rental revenue from any individual tenant.

Recent Acquisitions of Real Est

Recent Acquisitions of Real Estate	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
RECENT ACQUISITIONS OF REAL ESTATE	RECENT ACQUISITIONS OF REAL ESTATE The Company did not make any property acquisitions during the nine months ended September 30, 2016 . 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 as follows (in thousands): Property Name Acquisition Date Building and Improvements (1) Land (1) In-place Lease Intangibles (1) Out-of- Market Lease Intangibles, Net (1) Total (1) Simon Hegele Logistics (2) 01/7/2015 & $ 56,428 $ 13,245 $ 9,154 $ 41 $ 78,868 The Summit 03/04/2015 $ 217,974 $ 68,090 $ 45,360 $ (14,920 ) $ 316,504 Harder Logistics Portfolio (3) 12/03/2015 & 04/01/2015 $ 89,368 $ 16,362 $ 15,413 $ 5,392 $ 126,535 The Rim (4) 12/30/2015, 04/30/2015 & $ 135,616 $ 85,240 $ 55,620 $ (28,690 ) $ 247,786 (1) For acquisitions denominated in a foreign currency, amounts have been translated to U.S. dollars at a rate based on the exchange rate in effect on the acquisition date. (2) In June 2014, the Company acquired the Simon Hegele Logistics facility in Forchheim, Germany. In January 2015, the Company acquired the second phase of the facility. (3) In April 2015, the Company acquired two logistics buildings in the Harder Logistics Portfolio located in Nuremberg and Karlsdorf, Germany. In December 2015, the Company acquired the second phase of the portfolio, which consisted of one logistics building located in Duisburg, Germany. (4) In February 2014, the Company acquired The Rim retail center in San Antonio, Texas. In April 2015 and December 2015, the Company acquired the second and third phases of the center, respectively. The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 acquisitions, as of the date of the respective acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio 10.0 5.7 — The Rim (2nd Phase) 11.3 9.8 6.0 The Rim (3rd Phase) 7.8 8.5 6.5 Harder Logistics Portfolio (2nd Phase) 13.9 15.0 — The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the nine months ended September 30, 2015 , which are included in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2015 (in thousands): For the Three Months Ended For the Nine Months Ended 2015 Acquisitions September 30, 2015 September 30, 2015 Simon Hegele Logistics (1) Revenue $ 1,350 $ 4,014 Net income (loss) $ 118 $ (13 ) The Summit Revenue $ 6,664 $ 15,357 Net income (loss) $ 315 $ 330 Harder Logistics Portfolio Revenue $ 1,170 $ 2,301 Net income (loss) $ 282 $ (6,457 ) The Rim (2) Revenue $ 6,114 $ 17,102 Net income (loss) $ (139 ) $ 1,519 (1) Includes the total revenue and net income of the Simon Hegele Logistics facility, including the first phase of the facility acquired in June 2014, which is 100% leased to a single tenant. The second phase of the facility was acquired in January 2015 and includes 236,661 square feet of net rentable area, which represents 38.9% of the net rentable area of the total Simon Hegele Logistics facility. (2) Includes the total revenue and net income of The Rim retail center, which includes the first phase of the retail center acquired in February 2014. The second phase of the retail center was acquired in April 2015 and includes 259,316 square feet of net rentable area, which represents 27.8% of the net rentable area of the total Rim retail center. The following unaudited consolidated information is presented to give effect to the 2015 acquisitions through September 30, 2015 as if the acquisitions 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 $(0.2) million and $0.3 million for the three months ended September 30, 2015 and 2014 , and $17.2 million and $35.1 million for the nine months ended September 30, 2015 and 2014 , respectively. 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, 2014 , nor does it purport to represent the Company’s future operations (amounts in thousands, except per share amounts): For the Three Months Ended For the Nine Months Ended September 30, September 30, Pro Forma 2015 Pro Forma 2014 Pro Forma 2015 Pro Forma 2014 Revenues $ 119,533 $ 125,557 $ 357,998 $ 363,971 Net income (loss) $ 1,790 $ 4,317 $ 5,469 $ (6,854 ) Basic and diluted income (loss) per common share $ — $ 0.01 $ — $ (0.04 )

Real Estate Loans Receivable

Real Estate Loans Receivable	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOANS RECEIVABLE Real estate loans receivable included the following at September 30, 2016 and December 31, 2015 (in thousands): Property Original Funding Date Maturity Date Interest Rate Total Loan Commitment Balance as of Balance as of Flagship Capital JV Falls of Kirkwood (1) 10/18/2013 8/15/2016 N/A $ 6,300 $ — $ 4,964 Precinct Villages (2) 3/18/2014 9/30/2016 N/A 2,595 — 1,793 Randall’s 7/28/2014 7/28/2017 6.25% 10,939 8,833 8,747 Finesilver 7/31/2014 7/31/2017 6.45% 7,233 6,260 5,684 Dymaxion Apartments (2) 12/15/2014 12/15/2016 N/A 8,500 — 8,288 Marbach Park Apartments (2) 12/15/2014 12/15/2016 N/A 9,500 — 9,319 6.33% $ 45,067 $ 15,093 $ 38,795 (Origination) / Exit fees 38 (128 ) Total Flagship Capital JV $ 15,131 $ 38,667 Other Loans Receivable 1377 (3) 6/29/2012 7/1/2016 10.00% $ 3,962 $ — $ 3,962 The Rim (4) 9/8/2014 10/7/2016 8.50% $ 20,750 $ 17,860 $ 12,651 Total Real Estate Loans Receivable $ 32,991 $ 55,280 (1) In June 2016, the borrower repaid the outstanding principal balance of the loan. (2) In September 2016, each of the borrowers repaid the outstanding principal balances of each of these loans. (3) In June 2016, the borrower repaid the outstanding principal balance of the loan upon the sale of the property. See Note 1 — Organization for additional information concerning the sale of 1377. (4) In September 2016, the maturity date of this loan was extended to October 7, 2016. In October 2016, the maturity date of this loan was extended to November 15, 2016.

Debt Financing

Debt Financing	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
DEBT FINANCING	DEBT FINANCING As of September 30, 2016 and December 31, 2015 , the Company had approximately $2.5 billion and $2.6 billion of principal outstanding, respectively, with a weighted average years to maturity of 2.6 years and 3.3 years , respectively, and a weighted average interest rate of 2.3% and 2.3% , respectively. The following table describes the Company’s debt outstanding at September 30, 2016 and December 31, 2015 (in thousands, except percentages): Description Origination or Assumption Date Maturity Date Interest Rate Description Interest Rate as of September 30, 2016 Principal Outstanding at September 30, 2016 Principal Outstanding at December 31, 2015 Secured Mortgage Debt Brindleyplace Project 7/1/2010 10/7/2016 (1) Variable 2.11 % $ 157,006 $ 179,197 Southpark 10/19/2010 12/6/2016 Fixed 5.67 % 18,000 18,000 Fifty South Sixth 11/4/2010 11/3/2018 Variable 2.12 % 125,000 125,000 Flagship Capital JV 7/2/2014 7/2/2019 Variable, subject to floor of 4.25% 4.25 % 512 14,943 100 Brookes 7/13/2012 7/31/2017 Variable 4.09 % 32,998 31,546 Poland Logistics Portfolio 8/2/2012 6/28/2019 Variable, subject to interest rate cap 2.00 % 68,106 67,601 Minneapolis Retail Center 8/2/2012 8/10/2019 Fixed 3.50 % 65,500 65,500 825 Ann 11/16/2012 11/20/2018 Variable, subject to interest rate cap 2.32 % 61,861 59,139 Mercedes Benz Bank 2/7/2013 12/31/2019 Variable, subject to interest rate cap 1.28 % 37,454 36,719 465 Victoria 2/28/2013 12/2/2018 Variable, subject to interest rate cap 2.97 % 40,619 38,831 New City 3/28/2013 3/18/2018 Variable, subject to interest rate cap 2.30 % 78,344 83,978 One Westferry Circus 5/9/2013 5/5/2020 Fixed 3.30 % 62,251 71,050 The Campus at Playa Vista 5/14/2013 12/1/2018 Variable 1.93 % 150,000 150,000 Perspective Défense 6/21/2013 7/25/2019 Variable, subject to interest rate cap 2.20 % 78,477 76,342 Fiege Mega Centre 10/18/2013 10/31/2018 Variable, subject to interest rate cap 1.40 % 25,588 25,135 55 M Street 12/9/2013 12/9/2017 Variable 1.98 % 72,000 72,000 25 Cabot Square 3/26/2014 3/26/2020 Fixed 3.50 % 160,491 183,175 Simon Hegele Logistics 4/28/2014 6/15/2019 Fixed 1.90 % 39,725 38,940 818 Bourke 10/31/2014 10/31/2019 Variable, subject to interest rate cap 2.37 % 66,988 64,952 The Summit 3/4/2015 4/1/2022 Variable 2.08 % 170,000 170,000 Harder Logistics Portfolio 4/1/2015 2/28/2021 Variable, subject to interest rate cap 0.95 % 77,348 76,106 Other Notes Payable JPMorgan Chase Revolving Credit Facility - Revolving Loan 4/13/2012 6/29/2019 Variable, subject to interest rate cap 2.13 % (2) 322,000 327,000 JPMorgan Chase Revolving Credit Facility - Term Loan 5/22/2013 6/29/2019 Variable, subject to interest rate cap 2.08 % 495,000 495,000 WaterWall Place Construction Loan 6/29/2012 5/8/2018 Variable 2.13 % (2) 44,897 44,897 Aviva Coral Gables JV Construction Loan 5/10/2013 5/10/2017 Variable, subject to interest rate cap 2.52 % (2) 42,693 42,693 Total Principal Outstanding $ 2,492,858 $ 2,557,744 Unamortized Premium/ (Discount) 25 105 Unamortized Deferred Financing Fees $ (9,459 ) $ (12,193 ) Notes Payable $ 2,483,424 $ 2,545,656 (1) In October 2016 , the Company exercised the three -month extension option, resulting in a new maturity date of January 7, 2017 . (2) Represents the weighted average interest rate as of September 30, 2016 . The variable-rate debt has interest rates ranging from LIBOR, EURIBOR or the BBSY screen rate plus 0.65% to 2.50% per annum. As of September 30, 2016 , $930.7 million of the Company’s variable-rate debt was capped at strike rates ranging from 1.5% to 4.0% . Additionally, as of December 31, 2015 , $982.3 million of our variable rate debt was capped at strike rates ranging from 1.3% to 4.5% . JPMorgan Chase Revolving Credit Facility For the period from January 2016 through September 2016 , the Company borrowed approximately $109.0 million and made payments of approximately $114.0 million under its revolving credit facility with JPMorgan Chase Bank, National Association (the “Revolving Credit Facility”). From October 1, 2016 through November 14, 2016 , the Company borrowed an additional $20.0 million under the Revolving Credit Facility. The borrowings resulted in an outstanding principal balance of $837.0 million on the Revolving Credit Facility as of November 14, 2016 . Financial Covenants The Company's mortgage agreements and other loan documents for the debt described in the table above contain customary events of default, with corresponding grace periods, including payment defaults, cross-defaults to other agreements and bankruptcy-related defaults, and customary covenants, including limitations on liens and indebtedness and maintenance of certain financial ratios. In addition, the Company has executed customary recourse carve-out guarantees of certain obligations under its mortgage agreements and the other loan documents. The Company is not aware of any instances of noncompliance with financial covenants on any of its loans as of September 30, 2016. Principal Payments on Debt The Company is required to make the following principal payments on its outstanding notes payable for the period from October 1, 2016 through December 31, 2016 , for each of the years ending December 31, 2017 through December 31, 2020 and for the period thereafter (in thousands): Payments due by Year October 1, 2016 through December 31, 2016 2017 2018 2019 2020 Thereafter Principal payments $ 177,481 $ 155,686 $ 528,376 $ 1,165,067 $ 223,925 $ 242,323

Distributions

Distributions	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
DISTRIBUTIONS	DISTRIBUTIONS The Company has declared distributions for the months of January 2015 through November 2016 at an amount equal to $0.0017808 per share, per day. The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for each of the quarters ended during 2016 and 2015 , including the breakout between the distributions declared in cash and those reinvested pursuant to the Company’s distribution reinvestment plan (in thousands). The Company declares distributions to the Company’s stockholders as of daily record dates and aggregates and pays such distributions monthly. Stockholders Noncontrolling Interests Distributions for the three months ended Cash Distributions Distributions Reinvested Total Declared Total Declared 2016 September 30, 2016 $ 21,617 $ 23,611 $ 45,228 $ 2,671 June 30, 2016 21,232 23,402 44,634 1,281 March 31, 2016 21,128 23,451 44,579 987 Total $ 63,977 $ 70,464 $ 134,441 $ 4,939 2015 December 31, 2015 $ 21,226 $ 23,695 $ 44,921 $ 927 September 30, 2015 21,110 23,648 44,758 835 June 30, 2015 20,770 23,372 44,142 1,643 March 31, 2015 20,375 23,097 43,472 816 Total $ 83,481 $ 93,812 $ 177,293 $ 4,221

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The table below outlines fees and expense reimbursements incurred that are payable to Hines and its affiliates for the periods indicated below (in thousands): Incurred Three Months Ended September 30, Nine Months Ended September 30, Unpaid as of Type and Recipient 2016 2015 2016 2015 September 30, 2016 December 31, 2015 Issuer Costs- the Advisor $ 8 $ 12 $ 34 $ 53 $ — $ — Acquisition Fee (1) - the Advisor and affiliates of Hines $ — $ — $ — $ 8,854 — — Asset Management Fee- the Advisor and affiliates of Hines $ 9,204 $ 9,025 $ 27,473 $ 26,688 8,985 8,493 Disposition Fee- the Advisor $ — $ — $ 264 $ — — 309 Other (2) $ 1,508 $ 1,430 $ 4,137 $ 4,152 947 1,574 Property Management Fee- Hines $ 1,983 $ 1,848 $ 5,699 $ 5,464 — (12 ) Development/Construction Management Fee- Hines $ 190 $ 33 $ 549 $ 120 195 27 Leasing Fee- Hines $ 431 $ 337 $ 3,593 $ 1,461 3,629 3,417 Expense Reimbursement- Hines (with respect to management and operations of the Company’s properties) $ 2,894 $ 2,786 $ 8,816 $ 8,325 528 661 Due to Affiliates $ 14,284 $ 14,469 (1) Effective as of April 1, 2015 the Company, the Operating Partnership and the Advisor amended the Advisory Agreement in order to reduce the acquisition fees paid to the Advisor from 2.25% to 0.50% . (2) Includes amounts the Advisor paid on behalf of the Company such as general and administrative expenses and acquisition-related expenses. These amounts are generally reimbursed to the Advisor during the month following the period in which they are incurred. 1377 In June 2012, the Company entered into a $3.2 million mezzanine loan commitment plus accrued interest to provide construction financing for 1377, which was developed by an affiliate of Hines. In June 2016, 1377 was sold and the Company received $4.0 million related to the repayment in full of the mezzanine loan. See Note 1 — Organization for additional information concerning 1377.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Financial Instruments Fair Value Disclosures As of September 30, 2016 , the Company estimated that the fair value of its notes payable, which had a book value of $2.5 billion , was $2.5 billion . As of December 31, 2015 , the Company estimated that the fair value of its notes payable, which had a book value of $2.6 billion , was $2.6 billion . Management has utilized market information as available or present value techniques to estimate the amounts required to be disclosed. Although the Company has determined the majority of the inputs used to value its notes payable fall within Level 2 of the fair value hierarchy, the credit quality adjustments associated with its fair value of notes payable utilize Level 3 inputs. However, as of September 30, 2016 , 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. As of September 30, 2016 , the Company estimated that the book values of its real estate loans receivable approximate their fair values. Although the Company has determined the majority of the inputs used to value its real estate notes receivable fall within Level 2 of the fair value hierarchy, the credit quality adjustments associated with its fair value of real estate notes receivable utilize Level 3 inputs. However, as of September 30, 2016 , the Company has assessed the significance of the impact of the credit quality adjustments on the overall valuations of its fair market value of real estate notes receivable 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. Financial Instruments Measured 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 inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy. As of September 30, 2016 and September 30, 2015 , there were no events that have occurred which indicated that fair value adjustments of the Company’s long-lived assets were necessary.

Reportable Segments

Reportable Segments	9 Months Ended
	Sep. 30, 2016
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 investment level and considers each investment to be an operating segment. The Company has aggregated all of its operating segments into four reportable segments based on the location of the segment and the underlying asset class. Management has aggregated the Company's investments that are not office properties in “other” based on the geographic location of the investment, due to the Company's ownership of interests in various different types of investments that do not stand alone as their own reportable segment. The Company’s reporting segments consist of the following, based on the Company’s investments as of September 30, 2016 : • Domestic office investments ( 11 investments) • Domestic other investments ( 9 investments) • International office investments ( 10 investments) • International other investments ( 12 investments) The tables below provide additional information related to each of the Company’s segments, geographic location and a reconciliation to the Company’s net loss, as applicable. “Corporate-Level Accounts” includes amounts incurred by the corporate-level entities which are not allocated to any of the reportable segments (all amounts other than percentages are in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Total Revenue Domestic office investments $ 44,121 $ 43,772 $ 132,898 $ 125,797 Domestic other investments 31,328 30,412 93,313 87,463 International office investments 30,463 28,164 85,375 86,907 International other investments 15,942 17,185 50,800 52,186 Total Revenue $ 121,854 $ 119,533 $ 362,386 $ 352,353 For the three and nine months ended September 30, 2016 and 2015 the Company’s total revenue was attributable to the following countries: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Total Revenue United States 61 % 63 % 63 % 60 % United Kingdom 14 % 16 % 15 % 17 % Australia 7 % 7 % 6 % 7 % Poland 5 % 5 % 5 % 6 % Germany 5 % 4 % 5 % 4 % France 5 % 3 % 4 % 3 % Russia 3 % 2 % 2 % 3 % For the three and nine months ended September 30, 2016 and 2015 , the Company’s property revenues in excess of expenses by segment was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Property revenues in excess of expenses (1) Domestic office investments $ 28,022 $ 27,597 $ 85,895 $ 79,598 Domestic other investments 19,926 19,462 59,899 56,311 International office investments 24,199 22,383 67,077 68,108 International other investments 11,335 12,398 36,081 37,319 Property revenues in excess of expenses $ 83,482 $ 81,840 $ 248,952 $ 241,336 (1) Revenues less property operating expenses, real property taxes and property management fees. As of September 30, 2016 and December 31, 2015 , the Company’s total assets by segment was as follows (in thousands): September 30, 2016 December 31, 2015 Total Assets Domestic office investments $ 1,472,681 $ 1,503,926 Domestic other investments 1,022,732 1,082,241 International office investments 1,049,179 1,090,483 International other investments 619,596 650,168 Corporate-level accounts 35,102 46,128 Total Assets $ 4,199,290 $ 4,372,946 As of September 30, 2016 and December 31, 2015 , the Company’s total assets were attributable to the following countries: September 30, 2016 December 31, 2015 Total Assets United States 59 % 60 % United Kingdom 15 % 16 % Australia 8 % 7 % Poland 6 % 6 % Germany 7 % 7 % France 3 % 3 % Russia 2 % 1 % For the three and nine months ended September 30, 2016 and 2015 , the reconciliation of the Company’s total property revenues in excess of expenses to the Company’s net income (loss) is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Reconciliation to net income (loss) Total property revenues in excess of expenses $ 83,482 $ 81,840 $ 248,952 $ 241,336 Depreciation and amortization (44,116 ) (48,027 ) (133,819 ) (139,148 ) Acquisition related expenses (91 ) 175 (263 ) (8,332 ) Asset management and acquisition fees (9,204 ) (9,025 ) (27,473 ) (35,542 ) General and administrative expenses (2,859 ) (2,037 ) (8,775 ) (6,429 ) Gain (loss) on derivatives (29 ) (59 ) (708 ) 586 Equity in earnings (losses) of unconsolidated entity (73 ) — 7,528 — Gain (loss) on sale of real estate investments — 55 — (1,073 ) Foreign currency gains (losses) 3,282 (1,485 ) (3,798 ) (5,538 ) Interest expense (16,135 ) (17,794 ) (48,727 ) (54,759 ) Other income (expenses) 143 80 78 345 Benefit (provision) for income taxes (2,032 ) (1,570 ) (5,004 ) (3,559 ) Net income (loss) $ 12,368 $ 2,153 $ 27,991 $ (12,113 )

Supplemental Cash Flow Disclosu

Supplemental Cash Flow Disclosures	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Supplemental cash flow disclosures for the nine months ended September 30, 2016 and 2015 (in thousands): Nine Months Ended September 30, 2016 2015 Supplemental Disclosure of Cash Flow Information Cash paid for interest $ 45,551 $ 48,728 Cash paid for taxes $ 7,248 $ 4,929 Supplemental Schedule of Non-Cash Activities Distributions declared and unpaid $ 20,393 $ 18,775 Distributions reinvested $ 70,748 $ 70,355 Shares tendered for redemption $ 4,620 $ 4,009 Non-cash net liabilities acquired $ — $ 9,682 Accrued capital additions $ 3,639 $ 429

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In November 2013, Dorsey & Whitney LLP signed a lease renewal for its space in 50 South Sixth located in Minneapolis, Minnesota. In connection with this renewal, the Company committed to fund $20.8 million of tenant improvements and leasing commissions related to its space, to be paid in future periods. As of September 30, 2016 , $9.4 million of the Company’s commitment remained unfunded and is recorded in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets. In May 2016, Stinson Leonard Street LLP signed a new lease for its space in 50 South Sixth located in Minneapolis, Minnesota. In connection with this lease, the Company committed to fund $12.2 million of tenant improvements and leasing commissions related to its space, to be paid in future periods. As of September 30, 2016 , $11.1 million of the Company’s commitment remained unfunded and is recorded in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets. The Company may be 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. *****

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements of the Company included in this Quarterly Report on Form 10-Q include the accounts of Hines Global REIT, Inc., 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. As a result of the adoption of Accounting Standards Update (“ASU”) 2015-02, the Company has determined that the Operating Partnership is considered a VIE. However, the Company meets the disclosure exemption criteria under ASU 2015-02, as the Company is the primary beneficiary of the VIE and the Company’s partnership interest is considered a majority voting interest. The Company has retroactively changed, for all prior periods presented, its classification of distributions in its consolidated balance sheets and statements of equity by reflecting such distributions as charges against “accumulated distributions in excess of earnings.” This presentation change had no impact on the total equity balances in any of the periods presented.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs consist of direct costs incurred in obtaining debt financing (see Note 6 — Debt Financing). These fees are presented as a reduction to the related debt liability for permanent mortgages and as an asset for revolving credit arrangements. In total, deferred financing costs (net of amortization) were $12.2 million and $15.6 million as of September 30, 2016 and December 31, 2015 , respectively. These costs are amortized into interest expense on a straight-line basis, which approximates the effective interest method, over the terms of the obligations.
Revenue Recognition	Revenue Recognition Rental payments are generally paid by the tenants prior to the beginning of each month or quarter to which they relate. As of September 30, 2016 and December 31, 2015 , respectively, the Company recorded liabilities of $29.3 million and $33.4 million 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 $88.3 million and $72.2 million as of September 30, 2016 and December 31, 2015 , respectively. Straight-line rent receivable consists of the difference between the tenants’ rents calculated on a straight-line basis from the date of acquisition or lease commencement over the remaining terms of the related leases and the tenants’ actual rents due under the lease agreements and is included in tenant and other receivables in the accompanying consolidated balance sheets. Revenues associated with operating expense recoveries are recognized in the period in which the expenses are incurred based upon the tenant lease provisions. Revenues relating to lease termination fees are recognized on a straight-line basis amortized from the time that a tenant’s right to occupy the leased space is modified through the end of the revised lease term.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (“FASB”) issued new guidance that eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Pursuant to the new guidance, an acquirer will recognize a measurement-period adjustment during the period in which it determines the amount of the adjustment. This new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption was permitted. The adoption of this new guidance did not have a material impact on the Company’s financial statements. In June 2016, the FASB issued new guidance that requires the impairment of financial instruments to be based on expected credit losses. These amendments are effective for fiscal years and interim periods within those years, beginning after December 15, 2019 and early adoption is permitted for years and interim periods within those years beginning after December 15, 2018. The Company is currently assessing the impact the adoption of this guidance will have on its financial statements. In August 2016, the FASB issued amendments to the Accounting Standards Codification to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and for all other entities for annual periods beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019 and early adoption is permitted. The Company does not believe the adoption of this guidance will have a material impact on its financial statements.

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The table below presents the activity of the Company's unconsolidated entities as of and for the periods presented (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Investment in Unconsolidated Entities 2016 2015 2016 2015 Beginning balance $ 225 $ 2,113 $ 2,006 $ 2,873 Equity in earnings (73 ) 176 7,528 291 Distributions (128 ) (150 ) (9,510 ) (1,025 ) Ending balance $ 24 $ 2,139 $ 24 $ 2,139 The table below summarizes the Company’s maximum loss exposure related to its unconsolidated VIEs as of September 30, 2016 and December 31, 2015 , (in thousands) which is equal to the carrying value of its investment in the unconsolidated VIEs included in the balance sheet line item “Investment in unconsolidated entities” and the Company’s outstanding loan receivable balances of $17.9 million and $16.6 million as of September 30, 2016 and December 31, 2015 , respectively, held by the VIEs which is included in the balance sheet line item “Real estate loans receivable” in the condensed consolidated balance sheets. Period Investment in Unconsolidated VIEs (1) Maximum Risk of Loss (2) September 30, 2016 $ 24 $ 17,884 December 31, 2015 $ 2,006 $ 18,619 (1) Represents the Company’s contributions, net of distributions, made to its VIEs, as well as the equity in earnings on the investments. (2) Maximum Risk of Loss is equal to the amount outstanding under the loan plus the Company’s contributions, net of distributions, made to the VIEs as of the date indicated, as well as the equity in earnings on the investments. See Note 5 — Real Estate Loans Receivable for additional information regarding the loan. A summary of the assets and liabilities of these consolidated VIEs, as well as the maximum loss exposure of the Company from these consolidated VIEs, is as follows (in thousands): September 30, 2016 December 31, 2015 Maximum risk of loss (1) $ 32,041 $ 52,394 Assets held by VIEs $ 138,007 $ 171,172 Assets held as collateral for debt $ 138,007 $ 171,172 Liabilities held by VIEs $ 92,408 $ 106,656 (1) Represents the Company's contributions, net of distributions, made to the consolidated VIEs.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Schedule Of Other Assets	Other assets included the following (in thousands): September 30, 2016 December 31, 2015 Deferred costs $ 250 $ 1,000 Prepaid expenses 3,589 3,401 Deferred tax assets 11,542 10,501 Other 338 449 Other assets $ 15,719 $ 15,351

Investment Property (Tables)

Investment Property (Tables)	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Schedule Of Property Subject To Or Available For Operating Lease	Investment property consisted of the following amounts as of September 30, 2016 and December 31, 2015 (in thousands): September 30, 2016 December 31, 2015 Buildings and improvements $ 2,765,200 $ 2,776,740 Less: accumulated depreciation (249,457 ) (200,311 ) Buildings and improvements, net 2,515,743 2,576,429 Land 697,060 691,448 Investment property, net $ 3,212,803 $ 3,267,877
Schedule Of Acquired Finite-Lived Intangible Assets By Major Class	As of September 30, 2016 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 839,763 $ 103,405 $ (121,712 ) Less: accumulated amortization (336,981 ) (49,951 ) 35,063 Net $ 502,782 $ 53,454 $ (86,649 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 894,110 $ 108,660 $ (123,124 ) Less: accumulated amortization (286,903 ) (43,083 ) 27,428 Net $ 607,207 $ 65,577 $ (95,696 ) The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 acquisitions, as of the date of the respective acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio 10.0 5.7 — The Rim (2nd Phase) 11.3 9.8 6.0 The Rim (3rd Phase) 7.8 8.5 6.5 Harder Logistics Portfolio (2nd Phase) 13.9 15.0 —
Schedule Of Finite Lived Intangible Assets Future Amortization Expense	Anticipated amortization of in-place leases and out-of-market leases, net, for the period from October 1, 2016 through December 31, 2016 and for each of the years ending December 31, 2017 through December 31, 2020 are as follows (in thousands): In-Place Leases Out-of-Market Leases, Net October 1, 2016 through December 31, 2016 $ 22,848 $ 549 2017 74,935 (423 ) 2018 58,404 (2,437 ) 2019 46,288 (3,707 ) 2020 37,366 (3,268 )
Schedule Of Future Minimum Rental Income For Operating Leases	As of September 30, 2016 , the approximate fixed future minimum rentals for the period from October 1, 2016 through December 31, 2016 , for each of the years ending December 31, 2017 through December 31, 2020 and for the period thereafter are as follows (in thousands): Fixed Future Minimum Rentals October 1, 2016 through December 31, 2016 $ 82,024 2017 327,413 2018 278,394 2019 253,222 2020 227,989 Thereafter 1,357,063 Total $ 2,526,105

Recent Acquisitions of Real E23

Recent Acquisitions of Real Estate (Tables)	9 Months Ended
	Sep. 30, 2016
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 as follows (in thousands): Property Name Acquisition Date Building and Improvements (1) Land (1) In-place Lease Intangibles (1) Out-of- Market Lease Intangibles, Net (1) Total (1) Simon Hegele Logistics (2) 01/7/2015 & $ 56,428 $ 13,245 $ 9,154 $ 41 $ 78,868 The Summit 03/04/2015 $ 217,974 $ 68,090 $ 45,360 $ (14,920 ) $ 316,504 Harder Logistics Portfolio (3) 12/03/2015 & 04/01/2015 $ 89,368 $ 16,362 $ 15,413 $ 5,392 $ 126,535 The Rim (4) 12/30/2015, 04/30/2015 & $ 135,616 $ 85,240 $ 55,620 $ (28,690 ) $ 247,786 (1) For acquisitions denominated in a foreign currency, amounts have been translated to U.S. dollars at a rate based on the exchange rate in effect on the acquisition date. (2) In June 2014, the Company acquired the Simon Hegele Logistics facility in Forchheim, Germany. In January 2015, the Company acquired the second phase of the facility. (3) In April 2015, the Company acquired two logistics buildings in the Harder Logistics Portfolio located in Nuremberg and Karlsdorf, Germany. In December 2015, the Company acquired the second phase of the portfolio, which consisted of one logistics building located in Duisburg, Germany. (4) In February 2014, the Company acquired The Rim retail center in San Antonio, Texas. In April 2015 and December 2015, the Company acquired the second and third phases of the center, respectively.
Schedule Of Acquired Finite-Lived Intangible Assets By Major Class	As of September 30, 2016 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 839,763 $ 103,405 $ (121,712 ) Less: accumulated amortization (336,981 ) (49,951 ) 35,063 Net $ 502,782 $ 53,454 $ (86,649 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles were as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 894,110 $ 108,660 $ (123,124 ) Less: accumulated amortization (286,903 ) (43,083 ) 27,428 Net $ 607,207 $ 65,577 $ (95,696 ) The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2015 acquisitions, as of the date of the respective acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio 10.0 5.7 — The Rim (2nd Phase) 11.3 9.8 6.0 The Rim (3rd Phase) 7.8 8.5 6.5 Harder Logistics Portfolio (2nd Phase) 13.9 15.0 —
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 nine months ended September 30, 2015 , which are included in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2015 (in thousands): For the Three Months Ended For the Nine Months Ended 2015 Acquisitions September 30, 2015 September 30, 2015 Simon Hegele Logistics (1) Revenue $ 1,350 $ 4,014 Net income (loss) $ 118 $ (13 ) The Summit Revenue $ 6,664 $ 15,357 Net income (loss) $ 315 $ 330 Harder Logistics Portfolio Revenue $ 1,170 $ 2,301 Net income (loss) $ 282 $ (6,457 ) The Rim (2) Revenue $ 6,114 $ 17,102 Net income (loss) $ (139 ) $ 1,519 (1) Includes the total revenue and net income of the Simon Hegele Logistics facility, including the first phase of the facility acquired in June 2014, which is 100% leased to a single tenant. The second phase of the facility was acquired in January 2015 and includes 236,661 square feet of net rentable area, which represents 38.9% of the net rentable area of the total Simon Hegele Logistics facility. (2) Includes the total revenue and net income of The Rim retail center, which includes the first phase of the retail center acquired in February 2014. The second phase of the retail center was acquired in April 2015 and includes 259,316 square feet of net rentable area, which represents 27.8% of the net rentable area of the total Rim retail center.
Business Acquisition Pro Forma Information	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, 2014 , nor does it purport to represent the Company’s future operations (amounts in thousands, except per share amounts): For the Three Months Ended For the Nine Months Ended September 30, September 30, Pro Forma 2015 Pro Forma 2014 Pro Forma 2015 Pro Forma 2014 Revenues $ 119,533 $ 125,557 $ 357,998 $ 363,971 Net income (loss) $ 1,790 $ 4,317 $ 5,469 $ (6,854 ) Basic and diluted income (loss) per common share $ — $ 0.01 $ — $ (0.04 )

Real Estate Loans Receivable (T

Real Estate Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule of Real Estate Loans Receivable	Real estate loans receivable included the following at September 30, 2016 and December 31, 2015 (in thousands): Property Original Funding Date Maturity Date Interest Rate Total Loan Commitment Balance as of Balance as of Flagship Capital JV Falls of Kirkwood (1) 10/18/2013 8/15/2016 N/A $ 6,300 $ — $ 4,964 Precinct Villages (2) 3/18/2014 9/30/2016 N/A 2,595 — 1,793 Randall’s 7/28/2014 7/28/2017 6.25% 10,939 8,833 8,747 Finesilver 7/31/2014 7/31/2017 6.45% 7,233 6,260 5,684 Dymaxion Apartments (2) 12/15/2014 12/15/2016 N/A 8,500 — 8,288 Marbach Park Apartments (2) 12/15/2014 12/15/2016 N/A 9,500 — 9,319 6.33% $ 45,067 $ 15,093 $ 38,795 (Origination) / Exit fees 38 (128 ) Total Flagship Capital JV $ 15,131 $ 38,667 Other Loans Receivable 1377 (3) 6/29/2012 7/1/2016 10.00% $ 3,962 $ — $ 3,962 The Rim (4) 9/8/2014 10/7/2016 8.50% $ 20,750 $ 17,860 $ 12,651 Total Real Estate Loans Receivable $ 32,991 $ 55,280 (1) In June 2016, the borrower repaid the outstanding principal balance of the loan. (2) In September 2016, each of the borrowers repaid the outstanding principal balances of each of these loans. (3) In June 2016, the borrower repaid the outstanding principal balance of the loan upon the sale of the property. See Note 1 — Organization for additional information concerning the sale of 1377. (4) In September 2016, the maturity date of this loan was extended to October 7, 2016. In October 2016, the maturity date of this loan was extended to November 15, 2016.

Debt Financing (Tables)

Debt Financing (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule Of Debt	The following table describes the Company’s debt outstanding at September 30, 2016 and December 31, 2015 (in thousands, except percentages): Description Origination or Assumption Date Maturity Date Interest Rate Description Interest Rate as of September 30, 2016 Principal Outstanding at September 30, 2016 Principal Outstanding at December 31, 2015 Secured Mortgage Debt Brindleyplace Project 7/1/2010 10/7/2016 (1) Variable 2.11 % $ 157,006 $ 179,197 Southpark 10/19/2010 12/6/2016 Fixed 5.67 % 18,000 18,000 Fifty South Sixth 11/4/2010 11/3/2018 Variable 2.12 % 125,000 125,000 Flagship Capital JV 7/2/2014 7/2/2019 Variable, subject to floor of 4.25% 4.25 % 512 14,943 100 Brookes 7/13/2012 7/31/2017 Variable 4.09 % 32,998 31,546 Poland Logistics Portfolio 8/2/2012 6/28/2019 Variable, subject to interest rate cap 2.00 % 68,106 67,601 Minneapolis Retail Center 8/2/2012 8/10/2019 Fixed 3.50 % 65,500 65,500 825 Ann 11/16/2012 11/20/2018 Variable, subject to interest rate cap 2.32 % 61,861 59,139 Mercedes Benz Bank 2/7/2013 12/31/2019 Variable, subject to interest rate cap 1.28 % 37,454 36,719 465 Victoria 2/28/2013 12/2/2018 Variable, subject to interest rate cap 2.97 % 40,619 38,831 New City 3/28/2013 3/18/2018 Variable, subject to interest rate cap 2.30 % 78,344 83,978 One Westferry Circus 5/9/2013 5/5/2020 Fixed 3.30 % 62,251 71,050 The Campus at Playa Vista 5/14/2013 12/1/2018 Variable 1.93 % 150,000 150,000 Perspective Défense 6/21/2013 7/25/2019 Variable, subject to interest rate cap 2.20 % 78,477 76,342 Fiege Mega Centre 10/18/2013 10/31/2018 Variable, subject to interest rate cap 1.40 % 25,588 25,135 55 M Street 12/9/2013 12/9/2017 Variable 1.98 % 72,000 72,000 25 Cabot Square 3/26/2014 3/26/2020 Fixed 3.50 % 160,491 183,175 Simon Hegele Logistics 4/28/2014 6/15/2019 Fixed 1.90 % 39,725 38,940 818 Bourke 10/31/2014 10/31/2019 Variable, subject to interest rate cap 2.37 % 66,988 64,952 The Summit 3/4/2015 4/1/2022 Variable 2.08 % 170,000 170,000 Harder Logistics Portfolio 4/1/2015 2/28/2021 Variable, subject to interest rate cap 0.95 % 77,348 76,106 Other Notes Payable JPMorgan Chase Revolving Credit Facility - Revolving Loan 4/13/2012 6/29/2019 Variable, subject to interest rate cap 2.13 % (2) 322,000 327,000 JPMorgan Chase Revolving Credit Facility - Term Loan 5/22/2013 6/29/2019 Variable, subject to interest rate cap 2.08 % 495,000 495,000 WaterWall Place Construction Loan 6/29/2012 5/8/2018 Variable 2.13 % (2) 44,897 44,897 Aviva Coral Gables JV Construction Loan 5/10/2013 5/10/2017 Variable, subject to interest rate cap 2.52 % (2) 42,693 42,693 Total Principal Outstanding $ 2,492,858 $ 2,557,744 Unamortized Premium/ (Discount) 25 105 Unamortized Deferred Financing Fees $ (9,459 ) $ (12,193 ) Notes Payable $ 2,483,424 $ 2,545,656 (1) In October 2016 , the Company exercised the three -month extension option, resulting in a new maturity date of January 7, 2017 . (2) Represents the weighted average interest rate as of September 30, 2016 .
Schedule Of Maturities Of Long Term Debt	The Company is required to make the following principal payments on its outstanding notes payable for the period from October 1, 2016 through December 31, 2016 , for each of the years ending December 31, 2017 through December 31, 2020 and for the period thereafter (in thousands): Payments due by Year October 1, 2016 through December 31, 2016 2017 2018 2019 2020 Thereafter Principal payments $ 177,481 $ 155,686 $ 528,376 $ 1,165,067 $ 223,925 $ 242,323

Distributions (Tables)

Distributions (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule Of Distributions Declared	The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for each of the quarters ended during 2016 and 2015 , including the breakout between the distributions declared in cash and those reinvested pursuant to the Company’s distribution reinvestment plan (in thousands). The Company declares distributions to the Company’s stockholders as of daily record dates and aggregates and pays such distributions monthly. Stockholders Noncontrolling Interests Distributions for the three months ended Cash Distributions Distributions Reinvested Total Declared Total Declared 2016 September 30, 2016 $ 21,617 $ 23,611 $ 45,228 $ 2,671 June 30, 2016 21,232 23,402 44,634 1,281 March 31, 2016 21,128 23,451 44,579 987 Total $ 63,977 $ 70,464 $ 134,441 $ 4,939 2015 December 31, 2015 $ 21,226 $ 23,695 $ 44,921 $ 927 September 30, 2015 21,110 23,648 44,758 835 June 30, 2015 20,770 23,372 44,142 1,643 March 31, 2015 20,375 23,097 43,472 816 Total $ 83,481 $ 93,812 $ 177,293 $ 4,221

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Schedule Of Related Party Transactions	The table below outlines fees and expense reimbursements incurred that are payable to Hines and its affiliates for the periods indicated below (in thousands): Incurred Three Months Ended September 30, Nine Months Ended September 30, Unpaid as of Type and Recipient 2016 2015 2016 2015 September 30, 2016 December 31, 2015 Issuer Costs- the Advisor $ 8 $ 12 $ 34 $ 53 $ — $ — Acquisition Fee (1) - the Advisor and affiliates of Hines $ — $ — $ — $ 8,854 — — Asset Management Fee- the Advisor and affiliates of Hines $ 9,204 $ 9,025 $ 27,473 $ 26,688 8,985 8,493 Disposition Fee- the Advisor $ — $ — $ 264 $ — — 309 Other (2) $ 1,508 $ 1,430 $ 4,137 $ 4,152 947 1,574 Property Management Fee- Hines $ 1,983 $ 1,848 $ 5,699 $ 5,464 — (12 ) Development/Construction Management Fee- Hines $ 190 $ 33 $ 549 $ 120 195 27 Leasing Fee- Hines $ 431 $ 337 $ 3,593 $ 1,461 3,629 3,417 Expense Reimbursement- Hines (with respect to management and operations of the Company’s properties) $ 2,894 $ 2,786 $ 8,816 $ 8,325 528 661 Due to Affiliates $ 14,284 $ 14,469 (1) Effective as of April 1, 2015 the Company, the Operating Partnership and the Advisor amended the Advisory Agreement in order to reduce the acquisition fees paid to the Advisor from 2.25% to 0.50% . (2) Includes amounts the Advisor paid on behalf of the Company such as general and administrative expenses and acquisition-related expenses. These amounts are generally reimbursed to the Advisor during the month following the period in which they are incurred.

Reportable Segments (Tables)

Reportable Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment	The tables below provide additional information related to each of the Company’s segments, geographic location and a reconciliation to the Company’s net loss, as applicable. “Corporate-Level Accounts” includes amounts incurred by the corporate-level entities which are not allocated to any of the reportable segments (all amounts other than percentages are in thousands). Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Total Revenue Domestic office investments $ 44,121 $ 43,772 $ 132,898 $ 125,797 Domestic other investments 31,328 30,412 93,313 87,463 International office investments 30,463 28,164 85,375 86,907 International other investments 15,942 17,185 50,800 52,186 Total Revenue $ 121,854 $ 119,533 $ 362,386 $ 352,353 For the three and nine months ended September 30, 2016 and 2015 the Company’s total revenue was attributable to the following countries: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Total Revenue United States 61 % 63 % 63 % 60 % United Kingdom 14 % 16 % 15 % 17 % Australia 7 % 7 % 6 % 7 % Poland 5 % 5 % 5 % 6 % Germany 5 % 4 % 5 % 4 % France 5 % 3 % 4 % 3 % Russia 3 % 2 % 2 % 3 % For the three and nine months ended September 30, 2016 and 2015 , the Company’s property revenues in excess of expenses by segment was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Property revenues in excess of expenses (1) Domestic office investments $ 28,022 $ 27,597 $ 85,895 $ 79,598 Domestic other investments 19,926 19,462 59,899 56,311 International office investments 24,199 22,383 67,077 68,108 International other investments 11,335 12,398 36,081 37,319 Property revenues in excess of expenses $ 83,482 $ 81,840 $ 248,952 $ 241,336 (1) Revenues less property operating expenses, real property taxes and property management fees. As of September 30, 2016 and December 31, 2015 , the Company’s total assets by segment was as follows (in thousands): September 30, 2016 December 31, 2015 Total Assets Domestic office investments $ 1,472,681 $ 1,503,926 Domestic other investments 1,022,732 1,082,241 International office investments 1,049,179 1,090,483 International other investments 619,596 650,168 Corporate-level accounts 35,102 46,128 Total Assets $ 4,199,290 $ 4,372,946 As of September 30, 2016 and December 31, 2015 , the Company’s total assets were attributable to the following countries: September 30, 2016 December 31, 2015 Total Assets United States 59 % 60 % United Kingdom 15 % 16 % Australia 8 % 7 % Poland 6 % 6 % Germany 7 % 7 % France 3 % 3 % Russia 2 % 1 %
Reconciliation Of Net Income (Loss) From Segments To Consolidated	For the three and nine months ended September 30, 2016 and 2015 , the reconciliation of the Company’s total property revenues in excess of expenses to the Company’s net income (loss) is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Reconciliation to net income (loss) Total property revenues in excess of expenses $ 83,482 $ 81,840 $ 248,952 $ 241,336 Depreciation and amortization (44,116 ) (48,027 ) (133,819 ) (139,148 ) Acquisition related expenses (91 ) 175 (263 ) (8,332 ) Asset management and acquisition fees (9,204 ) (9,025 ) (27,473 ) (35,542 ) General and administrative expenses (2,859 ) (2,037 ) (8,775 ) (6,429 ) Gain (loss) on derivatives (29 ) (59 ) (708 ) 586 Equity in earnings (losses) of unconsolidated entity (73 ) — 7,528 — Gain (loss) on sale of real estate investments — 55 — (1,073 ) Foreign currency gains (losses) 3,282 (1,485 ) (3,798 ) (5,538 ) Interest expense (16,135 ) (17,794 ) (48,727 ) (54,759 ) Other income (expenses) 143 80 78 345 Benefit (provision) for income taxes (2,032 ) (1,570 ) (5,004 ) (3,559 ) Net income (loss) $ 12,368 $ 2,153 $ 27,991 $ (12,113 )

Supplemental Cash Flow Disclo29

Supplemental Cash Flow Disclosures (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
Schedule Of Cash Flow Supplemental Disclosures	Supplemental cash flow disclosures for the nine months ended September 30, 2016 and 2015 (in thousands): Nine Months Ended September 30, 2016 2015 Supplemental Disclosure of Cash Flow Information Cash paid for interest $ 45,551 $ 48,728 Cash paid for taxes $ 7,248 $ 4,929 Supplemental Schedule of Non-Cash Activities Distributions declared and unpaid $ 20,393 $ 18,775 Distributions reinvested $ 70,748 $ 70,355 Shares tendered for redemption $ 4,620 $ 4,009 Non-cash net liabilities acquired $ — $ 9,682 Accrued capital additions $ 3,639 $ 429

Organization (Public Offering)

Organization (Public Offering) (Details)	Apr. 24, 2014	Apr. 11, 2014	Aug. 05, 2009	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)public_offering
First Offering [Member]
Public Offering [Line Items]
Commencement date, public offering			Aug. 5, 2009
Second Offering [Member]
Public Offering [Line Items]
Termination date, public offering		Apr. 11, 2014
Dividend Reinvestment Plan [Member]
Public Offering [Line Items]
Commencement date, public offering	Apr. 24, 2014
Maximum proceeds authorized for public offering				$ 500,000,000
Public Offerings [Member]
Public Offering [Line Items]
Number of public offerings | public_offering					2
Proceeds from sale of common stock					$ 3,000,000,000

Organization (Real Estate Inves

Organization (Real Estate Investments) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)real_estate_loanreal_estate_investment	Dec. 31, 2015USD ($)ft²	Apr. 30, 2015USD ($)ft²
Real Estate Investments And Segment [Line Items]
Number of real estate investments	42
Real estate loans receivable, net | $	$ 32,991	$ 55,280
Flagship Capital Joint Venture [Member]
Real Estate Investments And Segment [Line Items]
Ownership interest, parent	97.00%
Number of loans receivable, joint venture | real_estate_loan	2
Loans and leases receivable | $	$ 15,100
The Rim Phase V Acquired 4/30/15 [Member]
Real Estate Investments And Segment [Line Items]
Area of real estate property (in square feet) | ft²			259,316
The Rim Phase VI Acquired 12/30/15 [Member]
Real Estate Investments And Segment [Line Items]
Area of real estate property (in square feet) | ft²		28,901
Domestic Office Investments [Member]
Real Estate Investments And Segment [Line Items]
Number of real estate investments	11
Domestic Other Investments [Member]
Real Estate Investments And Segment [Line Items]
Number of real estate investments	9
International Office Investments [Member]
Real Estate Investments And Segment [Line Items]
Number of real estate investments	10
International Other Investments [Member]
Real Estate Investments And Segment [Line Items]
Number of real estate investments	12
The Rim [Member]
Real Estate Investments And Segment [Line Items]
Total loan commitment | $	$ 20,750	$ 20,800	$ 20,800
Real estate loans receivable, net | $	$ 17,860	$ 12,651

Organization (Schedule of Conso

Organization (Schedule of Consolidated VIEs) (Details) - Variable Interest Entity, Primary Beneficiary [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Maximum Risk of Loss	$ 32,041	$ 52,394
Assets held by VIEs	138,007	171,172
Assets held as collateral for debt	138,007	171,172
Liabilities held by VIEs	$ 92,408	$ 106,656

Organization (VIE disclosures)

Organization (VIE disclosures) (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2015USD ($)ft²	Apr. 30, 2015USD ($)ft²	Jun. 30, 2012USD ($)
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Equity in earnings (losses) of unconsolidated entity		$ (73)	$ 0		$ 7,528	$ 0
Proceeds from Dividends Received					7,528	0
Real estate loans receivable		32,991			32,991			$ 55,280
Payments to Acquire Equity Method Investments			$ 176			291
The Rim Phase VI Acquired 12/30/15 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Area of real estate property (in square feet) | ft²								28,901
The Rim Phase V Acquired 4/30/15 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Area of real estate property (in square feet) | ft²									259,316
Variable Interest Entity, Primary Beneficiary [Member] | Hines Global REIT, Inc [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Proceeds received from distributions, net of contributions, to joint venture					20,400
Proceeds from partnership contribution					100
Contribution, Net of Distributions, to Joint Venture						6,000
Proceeds from Dividends Received						$ 11,500
Variable Interest Entity, Not Primary Beneficiary [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Real estate loans receivable		17,900			17,900			$ 16,600
Variable Interest Entity, Not Primary Beneficiary [Member] | The Rim Phase VI Acquired 12/30/15 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Area of real estate property (in square feet) | ft²								28,901
Variable Interest Entity, Not Primary Beneficiary [Member] | The Rim [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Real estate loans receivable		$ 17,900			$ 17,900
Variable Interest Entity, Not Primary Beneficiary [Member] | @1377 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Total loan commitment							$ 3,200			$ 3,200
Payments to Acquire Equity Method Investments							3,600
Secured debt held by equity method investment							$ 23,300
Proceeds from collection of loans receivable	$ 4,000
Variable Interest Entity, Not Primary Beneficiary [Member] | The Rim [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Total loan commitment								$ 20,800	$ 20,800
Variable Interest Entity, Not Primary Beneficiary [Member] | The Rim Phase V Acquired 4/30/15 [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Area of real estate property (in square feet) | ft²									259,316
@1377 [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Proceeds from Dividends Received				$ 8,700
Joint venture, ownership percentage							51.70%
Sale consideration of sold property	$ 51,000			51,000
Gain (loss) on sale of equity investments				7,500
Proceeds from collection of loans receivable				$ 4,000

Organization (Activity of the C

Organization (Activity of the Company's Unconsolidated Entities) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Investment in Unconsolidated Affiliates [Roll Forward]
Unconsolidated investments, beginning balance	$ 225	$ 2,113	$ 2,006	$ 2,873
Equity in earnings (losses) of unconsolidated entity	(73)	0	7,528	0
Payments to Acquire Equity Method Investments		176		291
Distributions	(128)	(150)	(9,510)	(1,025)
Unconsolidated investments, ending balance	$ 24	$ 2,139	$ 24	$ 2,139

Organization (VIE Maximum Expos

Organization (VIE Maximum Exposure) (Details) - Variable Interest Entity, Not Primary Beneficiary [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Investment in Unconsolidated VIEs	$ 24	$ 2,006
Maximum Risk of Loss	$ 17,884	$ 18,619

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 2		$ 2		$ 1.7
Unamortized origination fees	12.2		12.2		15.6
Amortization of deferred financing costs	1.2	$ 1.7	3.8	$ 4.7
Liability related to prepaid rental payments	29.3		29.3		33.4
Straight line rent receivable	$ 88.3		$ 88.3		$ 72.2

Summary of Significant Accoun37

Summary of Significant Accounting Policies (Other Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Deferred Costs	$ 250	$ 1,000
Prepaid expenses	3,589	3,401
Deferred tax assets	11,542	10,501
Other	338	449
Other Assets	$ 15,719	$ 15,351

Investment Property (Details)

Investment Property (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Property Subject To Or Available For Operating Lease [Line Items]
Investment property, net	$ 3,212,803	$ 3,267,877
Building and improvements [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Investment property, gross	2,765,200	2,776,740
Less: accumulated depreciation	(249,457)	(200,311)
Investment property, net	2,515,743	2,576,429
Land [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Investment property, gross	$ 697,060	$ 691,448

Investment Property (Intangible

Investment Property (Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Finite Lived Intangible Assets [Line Items]
Net	$ 556,236	$ 672,784
Out-of-Market Lease Liabilities [Abstract]
Out-of-Market Lease Liabilities, Cost	(121,712)	(123,124)
Out-of-Market Lease Liabilities, Less: accumulated amortization	35,063	27,428
Out-of-Market Lease Liabilities, Net	(86,649)	(95,696)
In-Place Leases [Member]
Finite Lived Intangible Assets [Line Items]
Cost	839,763	894,110
Less: accumulated amortization	(336,981)	(286,903)
Net	502,782	607,207
Out-of-Market Lease Assets [Member]
Finite Lived Intangible Assets [Line Items]
Cost	103,405	108,660
Less: accumulated amortization	(49,951)	(43,083)
Net	$ 53,454	$ 65,577

Investment Property (Intangib40

Investment Property (Intangible Assets Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
In-Place Leases [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 25,500	$ 29,600	$ 78,200	$ 86,100
In-Place Leases
October 1, 2016 through December 31, 2016	22,848		22,848
2,017	74,935		74,935
2,018	58,404		58,404
2,019	46,288		46,288
2,020	37,366		37,366
Out-of-Market Leases, Net [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	800	$ 500	2,400	$ 2,800
Out-of-Market Leases, Net
October 1, 2016 through December 31, 2016	549		549
2,017	(423)		(423)
2,018	(2,437)		(2,437)
2,019	(3,707)		(3,707)
2,020	$ (3,268)		$ (3,268)

Investment Property (Future Min

Investment Property (Future Minimum Rent) (Details) $ in Thousands	Sep. 30, 2016USD ($)
Operating Leases Future Minimum Payments Receivable Abstract
October 1, 2016 through December 31, 2016	$ 82,024
2,017	327,413
2,018	278,394
2,019	253,222
2,020	227,989
Thereafter	1,357,063
Total	2,526,105
Future Minimum Service Rentals Fiscal Year Maturity [Abstract]
July 1, 2016 through December 31, 2016	1,000
2,017	3,800
2,018	3,600
2,019	1,600
2,020	1,200
Thereafter	$ 3,200

Recent Acquisitions of Real E42

Recent Acquisitions of Real Estate (Details) $ in Thousands	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)property	Dec. 30, 2015USD ($)	Dec. 03, 2015USD ($)	Apr. 30, 2015property	Mar. 04, 2015USD ($)	Jan. 07, 2015USD ($)
Business Acquisition [Line Items]
Out of market lease intangibles	$ (86,649)	$ (95,696)
Simon Hegele Logistics [Member]
Business Acquisition [Line Items]
Building and Improvements							$ 56,428
Land							13,245
In-place Lease Intangibles							9,154
Out of market lease intangibles							41
Total							$ 78,868
The Summit [Member]
Business Acquisition [Line Items]
Building and Improvements						$ 217,974
Land						68,090
In-place Lease Intangibles						45,360
Out of market lease intangibles						(14,920)
Total						$ 316,504
Harder Logistics Portfolio [Member]
Business Acquisition [Line Items]
Building and Improvements				$ 89,368
Land				16,362
In-place Lease Intangibles				15,413
Out of market lease intangibles				5,392
Total				$ 126,535
The Rim [Member]
Business Acquisition [Line Items]
Building and Improvements			$ 135,616
Land			85,240
In-place Lease Intangibles			55,620
Out of market lease intangibles			(28,690)
Total			$ 247,786
Harder Logistics Portfolio [Member]
Business Acquisition [Line Items]
Number of real estate properties | property		1			2

Recent Acquisitions of Real E43

Recent Acquisitions of Real Estate (Intangible Assets) (Details)	Dec. 30, 2015	Dec. 03, 2015	Apr. 30, 2015	Apr. 01, 2015	Mar. 04, 2015	Jan. 07, 2015
Simon Hegele Logistics Phase II [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets						11 years 3 months 18 days
The Summit [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, Below-Market Lease Liabilities					5 years 7 months 6 days
The Summit [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets					5 years 1 month 6 days
The Summit [Member] | Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets					3 years
Harder Logistics Portfolio [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets				10 years
Harder Logistics Portfolio [Member] | Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets				5 years 8 months 12 days
The Rim Phase V Acquired 4/30/15 [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, Below-Market Lease Liabilities			6 years
The Rim Phase V Acquired 4/30/15 [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets			11 years 3 months 18 days
The Rim Phase V Acquired 4/30/15 [Member] | Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets			9 years 9 months 18 days
The Rim Phase VI Acquired 12/30/15 [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, Below-Market Lease Liabilities	6 years 6 months
The Rim Phase VI Acquired 12/30/15 [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets	7 years 9 months 18 days
The Rim Phase VI Acquired 12/30/15 [Member] | Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets	8 years 6 months
The Harder German Logistics Portfolio (Duisburg) [Member] | In-Place Leases [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets		13 years 10 months 24 days
The Harder German Logistics Portfolio (Duisburg) [Member] | Above-Market Lease Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period, In-place and Above-Market Lease Assets		15 years

Recent Acquisitions of Real E44

Recent Acquisitions of Real Estate (Income from Acquisition) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Simon Hegele Logistics [Member]
Business Acquisition [Line Items]
Revenue	$ 1,350	$ 4,014
Net income (loss) of acquiree	118	(13)
The Summit [Member]
Business Acquisition [Line Items]
Revenue	6,664	15,357
Net income (loss) of acquiree	315	330
Harder Logistics Portfolio [Member]
Business Acquisition [Line Items]
Revenue	1,170	2,301
Net income (loss) of acquiree	282	(6,457)
The Rim [Member]
Business Acquisition [Line Items]
Revenue	6,114	17,102
Net income (loss) of acquiree	$ (139)	$ 1,519

Recent Acquisitions of Real E45

Recent Acquisitions of Real Estate (Business Combinations Narratives) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Apr. 30, 2015ft²	Jan. 07, 2015ft²	Jun. 03, 2014
Business Acquisition [Line Items]
Acquisition related expenses and fees excluded from pro forma net loss | $	$ (0.2)	$ 0.3	$ 17.2	$ 35.1
Simon Hegele Logistics Phase I [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of rentable area leased (percent)							100.00%
Simon Hegele Logistics Phase II [Member]
Business Acquisition [Line Items]
Area of real estate property (in square feet)						236,661
Percentage of net rentable area (percent)						38.90%
The Rim Phase V Acquired 4/30/15 [Member]
Business Acquisition [Line Items]
Area of real estate property (in square feet)					259,316
Percentage of net rentable area (percent)					27.80%

Recent Acquisitions of Real E46

Recent Acquisitions of Real Estate (Pro Forma Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition Pro Forma Information [Abstract]
Revenues	$ 119,533	$ 125,557	$ 357,998	$ 363,971
Net income (loss)	$ 1,790	$ 4,317	$ 5,469	$ (6,854)
Basic and diluted income (loss) per common share (in dollars per share)	$ 0	$ 0.01	$ 0	$ (0.04)

Real Estate Loans Receivable (D

Real Estate Loans Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Apr. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
(Origination) / Exit fees	$ 12,200	$ 15,600
Total Real Estate Loans Receivable	$ 32,991	55,280
Flagship Capital JV [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	6.33%
Total Loan Commitment	$ 45,067
Loans receivable	15,093	38,795
(Origination) / Exit fees	38	(128)
Total Real Estate Loans Receivable	15,131	38,667
Flagship Capital JV [Member] | Falls of Kirkwood [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loan Commitment	6,300
Loans receivable	0	4,964
Flagship Capital JV [Member] | Precinct Villages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loan Commitment	2,595
Loans receivable	$ 0	1,793
Flagship Capital JV [Member] | Randalls [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	6.25%
Total Loan Commitment	$ 10,939
Loans receivable	$ 8,833	8,747
Flagship Capital JV [Member] | Finesilver [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	6.45%
Total Loan Commitment	$ 7,233
Loans receivable	6,260	5,684
Flagship Capital JV [Member] | Dymaxion Apartments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loan Commitment	8,500
Loans receivable	0	8,288
Flagship Capital JV [Member] | Marbach Park [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loan Commitment	9,500
Loans receivable	$ 0	9,319
@1377 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	10.00%
Total Loan Commitment	$ 3,962
Total Real Estate Loans Receivable	$ 0	3,962
The Rim [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Rate	8.50%
Total Loan Commitment	$ 20,750	20,800	$ 20,800
Total Real Estate Loans Receivable	$ 17,860	$ 12,651

Debt Financing (Narratives) (De

Debt Financing (Narratives) (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended	12 Months Ended
	Nov. 14, 2016	Oct. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt, Principal Outstanding			$ 2,492,858	$ 2,557,744
Debt, weighted average years to maturity			2 years 7 months 13 days	3 years 3 months 26 days
Debt, weighted average interest rate (percent)			2.30%	2.30%
Debt instrument, description of variable rate basis			LIBOR, EURIBOR or the BBSY screen rate
Minimum [Member]
Debt Instrument [Line Items]
Cap interest rate (percent)			1.50%	1.30%
Maximum [Member]
Debt Instrument [Line Items]
Cap interest rate (percent)			4.00%	4.50%
Interest Rate Caps [Member]
Debt Instrument [Line Items]
Debt instrument principal amount capped			$ 930,700	$ 982,300
Revolving Credit Facility (Including Revolving and Term Loans) [Member]
Debt Instrument [Line Items]
Credit facility, additional borrowings			109,000
Repayments of revolving credit facility			$ 114,000
Revolving Credit Facility (Including Revolving and Term Loans) [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Credit facility, additional borrowings	$ 20,000
Credit facility, principal outstanding	$ 837,000
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.65%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Brindleyplace JV [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt, Principal Outstanding			$ 157,006	$ 179,197
Secured Mortgage Debt, Subject to Three Month Extension [Member] | Brindleyplace JV [Member] | Secured Debt [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Period of extension options		3 months

Debt Financing Debt Financing S

Debt Financing Debt Financing Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt, Principal Outstanding	$ 2,492,858	$ 2,557,744
Unamortized Premium/ (Discount)	25	105
Unamortized Deferred Financing Fees	(9,459)	(12,193)
Notes Payable	$ 2,483,424	2,545,656
Revolving Credit Facility- Revolving Loan [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rate (percent)	2.13%
Credit facility, principal outstanding	$ 322,000	327,000
Revolving Credit Facility- Term Loan [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rate (percent)	2.08%
Credit facility, principal outstanding	$ 495,000	495,000
Brindleyplace JV [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.11%
Debt, Principal Outstanding	$ 157,006	179,197
Southpark [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	5.67%
Debt, Principal Outstanding	$ 18,000	18,000
Fifty South Sixth [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.12%
Debt, Principal Outstanding	$ 125,000	125,000
Flagship Capital Joint Venture [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Credit facility, Interest Rate (percent)	4.25%
Credit facility, principal outstanding	$ 512	14,943
One Hundred Brookes Street [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	4.09%
Debt, Principal Outstanding	$ 32,998	31,546
Poland Logistics Portfolio [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.00%
Debt, Principal Outstanding	$ 68,106	67,601
Minneapolis Retail Center [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	3.50%
Debt, Principal Outstanding	$ 65,500	65,500
Eight Twenty Five Ann [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.32%
Debt, Principal Outstanding	$ 61,861	59,139
Mercedes Benz Bank [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	1.28%
Debt, Principal Outstanding	$ 37,454	36,719
465 Victoria [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.97%
Debt, Principal Outstanding	$ 40,619	38,831
New City [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.30%
Debt, Principal Outstanding	$ 78,344	83,978
One Westferry Circus [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	3.30%
Debt, Principal Outstanding	$ 62,251	71,050
The Campus at Playa Vista [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	1.93%
Debt, Principal Outstanding	$ 150,000	150,000
Perspective Defense [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.20%
Debt, Principal Outstanding	$ 78,477	76,342
Fiege Mega Centre [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	1.40%
Debt, Principal Outstanding	$ 25,588	25,135
55 M Street [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	1.98%
Debt, Principal Outstanding	$ 72,000	72,000
25 Cabot Square [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	3.50%
Debt, Principal Outstanding	$ 160,491	183,175
Simon Hegele Logistics [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	1.90%
Debt, Principal Outstanding	$ 39,725	38,940
818 Bourke [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.37%
Debt, Principal Outstanding	$ 66,988	64,952
The Summit [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.08%
Debt, Principal Outstanding	$ 170,000	170,000
Harder Logistics Portfolio [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	0.95%
Debt, Principal Outstanding	$ 77,348	76,106
Water Wall Place [Member] | Construction Loan Payable [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.13%
Debt, Principal Outstanding	$ 44,897	44,897
Aviva Coral Gables JV [Member] | Construction Loan Payable [Member]
Debt Instrument [Line Items]
Effective interest rate (percent)	2.52%
Debt, Principal Outstanding	$ 42,693	$ 42,693
Minimum [Member] | Flagship Capital Joint Venture [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Variable interest rate, floor (percent)	4.25%

Debt Financing (Maturity Schedu

Debt Financing (Maturity Schedule) (Details) $ in Thousands	Sep. 30, 2016USD ($)
Maturities Of Long Term Debt Abstract
October 1, 2016 through December 31, 2016	$ 177,481
2,017	155,686
2,018	528,376
2,019	1,165,067
2,020	223,925
Thereafter	$ 242,323

Distributions (Details)

Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended							9 Months Ended	12 Months Ended	23 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Dec. 31, 2015	Nov. 30, 2016
Other Ownership Interests [Line Items]
Cash Distributions	$ 21,617	$ 21,232	$ 21,128	$ 21,226	$ 21,110	$ 20,770	$ 20,375	$ 63,977	$ 83,481
Distributions Reinvested	23,611	23,402	23,451	23,695	23,648	23,372	23,097	70,464	93,812
Total Declared	45,228	44,634	44,579	44,921	44,758	44,142	43,472	134,441	177,293
Noncontrolling Interests, Total Declared	$ 2,671	$ 1,281	$ 987	$ 927	$ 835	$ 1,643	$ 816	$ 4,939	$ 4,221
Forecast [Member]
Other Ownership Interests [Line Items]
Distributions declared (in dollars per share, per day)										$ 0.0017808

Related Party Transactions (by

Related Party Transactions (by Category) (Details) - USD ($) $ in Thousands	Apr. 01, 2015	Mar. 31, 2015	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2012	Jun. 30, 2012
Related Party Transaction [Line Items]
Due to Affiliates				$ 14,284		$ 14,284		$ 14,469
The Advisor [Member] | Issuer Costs [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				8	$ 12	34	$ 53
Due to Affiliates				0		0		0
The Advisor [Member] | Disposition Fee [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				0	0	264	0
Due to Affiliates				0		0		309
The Advisor [Member] | Other Fees [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				1,508	1,430	4,137	4,152
Due to Affiliates				947		947		1,574
The Advisor and Affiliate of Hines [Member] | Acquisition Fee [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				0	0	0	8,854
Due to Affiliates				0		0		0
Related party acquisition fees (percent)	0.50%	2.25%
The Advisor and Affiliate of Hines [Member] | Asset Management Fee [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				9,204	9,025	27,473	26,688
Due to Affiliates				8,985		8,985		8,493
Hines [Member] | Property Management Fees [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				1,983	1,848	5,699	5,464
Due to Affiliates				0		0		(12)
Hines [Member] | Development/Construction Management Fees [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				190	33	549	120
Due to Affiliates				195		195		27
Hines [Member] | Leasing Fees [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				431	337	3,593	1,461
Due to Affiliates				3,629		3,629		3,417
Hines [Member] | Expense Reimbursements [Member]
Related Party Transaction [Line Items]
Expenses from transactions with related party				2,894	$ 2,786	8,816	$ 8,325
Due to Affiliates				$ 528		$ 528		$ 661
Variable Interest Entity, Not Primary Beneficiary [Member] | @1377 [Member]
Related Party Transaction [Line Items]
Total Loan Commitment									$ 3,200	$ 3,200
Proceeds from collection of loans receivable			$ 4,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Billions	Sep. 30, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable carrying amount	$ 2.5	$ 2.6
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable fair value	$ 2.5	$ 2.6

Reportable Segments (Narratives

Reportable Segments (Narratives) (Details)	9 Months Ended
	Sep. 30, 2016real_estate_investmentsegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Number of real estate investments	42
Domestic Office Investments [Member]
Segment Reporting Information [Line Items]
Number of real estate investments	11
Domestic Other Investments [Member]
Segment Reporting Information [Line Items]
Number of real estate investments	9
International Office Investments [Member]
Segment Reporting Information [Line Items]
Number of real estate investments	10
International Other Investments [Member]
Segment Reporting Information [Line Items]
Number of real estate investments	12

Reportable Segments (Revenue) (

Reportable Segments (Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 121,854	$ 119,533	$ 362,386	$ 352,353
Domestic Office Investments [Member]
Segment Reporting Information [Line Items]
Revenues	44,121	43,772	132,898	125,797
Domestic Other Investments [Member]
Segment Reporting Information [Line Items]
Revenues	31,328	30,412	93,313	87,463
International Office Investments [Member]
Segment Reporting Information [Line Items]
Revenues	30,463	28,164	85,375	86,907
International Other Investments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 15,942	$ 17,185	$ 50,800	$ 52,186

Reportable Segments (Geographic

Reportable Segments (Geographical) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Total Revenue [Member] | United States
Segment Reporting Information [Line Items]
Concentration risk (percent)	61.00%	63.00%	63.00%	60.00%
Total Revenue [Member] | United Kingdom
Segment Reporting Information [Line Items]
Concentration risk (percent)	14.00%	16.00%	15.00%	17.00%
Total Revenue [Member] | Australia
Segment Reporting Information [Line Items]
Concentration risk (percent)	7.00%	7.00%	6.00%	7.00%
Total Revenue [Member] | Poland
Segment Reporting Information [Line Items]
Concentration risk (percent)	5.00%	5.00%	5.00%	6.00%
Total Revenue [Member] | Germany
Segment Reporting Information [Line Items]
Concentration risk (percent)	5.00%	4.00%	5.00%	4.00%
Total Revenue [Member] | France
Segment Reporting Information [Line Items]
Concentration risk (percent)	5.00%	3.00%	4.00%	3.00%
Total Revenue [Member] | Russia
Segment Reporting Information [Line Items]
Concentration risk (percent)	3.00%	2.00%	2.00%	3.00%
Total Assets [Member] | United States
Segment Reporting Information [Line Items]
Concentration risk (percent)			59.00%		60.00%
Total Assets [Member] | United Kingdom
Segment Reporting Information [Line Items]
Concentration risk (percent)			15.00%		16.00%
Total Assets [Member] | Australia
Segment Reporting Information [Line Items]
Concentration risk (percent)			8.00%		7.00%
Total Assets [Member] | Poland
Segment Reporting Information [Line Items]
Concentration risk (percent)			6.00%		6.00%
Total Assets [Member] | Germany
Segment Reporting Information [Line Items]
Concentration risk (percent)			7.00%		7.00%
Total Assets [Member] | France
Segment Reporting Information [Line Items]
Concentration risk (percent)			3.00%		3.00%
Total Assets [Member] | Russia
Segment Reporting Information [Line Items]
Concentration risk (percent)			2.00%		1.00%

Reportable Segments (Property R

Reportable Segments (Property Revenue in Excess of Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Property Revenues In Excess Of Expenses	$ 83,482	$ 81,840	$ 248,952	$ 241,336
Domestic Office Investments [Member]
Segment Reporting Information [Line Items]
Property Revenues In Excess Of Expenses	28,022	27,597	85,895	79,598
Domestic Other Investments [Member]
Segment Reporting Information [Line Items]
Property Revenues In Excess Of Expenses	19,926	19,462	59,899	56,311
International Office Investments [Member]
Segment Reporting Information [Line Items]
Property Revenues In Excess Of Expenses	24,199	22,383	67,077	68,108
International Other Investments [Member]
Segment Reporting Information [Line Items]
Property Revenues In Excess Of Expenses	$ 11,335	$ 12,398	$ 36,081	$ 37,319

Reportable Segments (Assets) (D

Reportable Segments (Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total Assets	$ 4,199,290	$ 4,372,946
Domestic Office Investments [Member]
Segment Reporting Information [Line Items]
Total Assets	1,472,681	1,503,926
Domestic Other Investments [Member]
Segment Reporting Information [Line Items]
Total Assets	1,022,732	1,082,241
International Office Investments [Member]
Segment Reporting Information [Line Items]
Total Assets	1,049,179	1,090,483
International Other Investments [Member]
Segment Reporting Information [Line Items]
Total Assets	619,596	650,168
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 35,102	$ 46,128

Reportable Segments (Reconcilia

Reportable Segments (Reconciliation to Consolidated) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Total property revenues in excess of expenses	$ 83,482	$ 81,840	$ 248,952	$ 241,336
Depreciation and amortization	(44,116)	(48,027)	(133,819)	(139,148)
Acquisition related expenses	(91)	175	(263)	(8,332)
Asset management and acquisition fees	(9,204)	(9,025)	(27,473)	(35,542)
General and administrative expenses	(2,859)	(2,037)	(8,775)	(6,429)
Gain (loss) on derivatives	(29)	(59)	(708)	586
Equity in earnings (losses) of unconsolidated entity	(73)	0	7,528	0
Gain (loss) on sale of real estate investments	0	55	0	(1,073)
Foreign currency gains (losses)	3,282	(1,485)	(3,798)	(5,538)
Interest expense	(16,135)	(17,794)	(48,727)	(54,759)
Other income (expenses)	143	80	78	345
Benefit (provision) for income taxes	(2,032)	(1,570)	(5,004)	(3,559)
Net income (loss)	12,368	2,153	27,991	(12,113)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total property revenues in excess of expenses	83,482	81,840	248,952	241,336
Depreciation and amortization	(44,116)	(48,027)	(133,819)	(139,148)
Acquisition related expenses	(91)	175	(263)	(8,332)
Asset management and acquisition fees	(9,204)	(9,025)	(27,473)	(35,542)
General and administrative expenses	(2,859)	(2,037)	(8,775)	(6,429)
Gain (loss) on derivatives	(29)	(59)	(708)	586
Equity in earnings (losses) of unconsolidated entity	(73)	0	7,528	0
Gain (loss) on sale of real estate investments	0	55	0	(1,073)
Foreign currency gains (losses)	3,282	(1,485)	(3,798)	(5,538)
Interest expense	(16,135)	(17,794)	(48,727)	(54,759)
Other income (expenses)	143	80	78	345
Benefit (provision) for income taxes	(2,032)	(1,570)	(5,004)	(3,559)
Net income (loss)	$ 12,368	$ 2,153	$ 27,991	$ (12,113)

Supplemental Cash Flow Disclo60

Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	$ 45,551	$ 48,728
Cash paid for taxes	7,248	4,929
Supplemental Schedule of Non-Cash Activities
Distributions declared and unpaid	20,393	18,775	$ 19,837
Distributions reinvested	70,748	70,355
Shares tendered for redemption	4,620	4,009
Non-cash net liabilities acquired	0	9,682
Accrued capital additions	$ 3,639	$ 429

Commitments and Contingencies (

Commitments and Contingencies (Details) - Fifty South Sixth [Member] - USD ($) $ in Millions	Sep. 30, 2016	May 30, 2016	Nov. 30, 2013
Dorsey and Whitney LLP [Member]
Other Commitments [Line Items]
Tenant improvement, maximum exposure			$ 20.8
Tenant improvement, unfunded amount	$ 9.4
Stinson Leonard Street LLP [Member]
Other Commitments [Line Items]
Tenant improvement, maximum exposure		$ 12.2
Tenant improvement, unfunded amount	$ 11.1