HGR Liquidating Trust 10-K 28 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2016	Mar. 17, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Hines Global REIT, Inc.
Entity Central Index Key	1,453,818
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
Entity, Common Stock, Shares, Outstanding		277.6

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Investment property, net	$ 3,049,643	$ 3,267,877
Investment in unconsolidated entities	0	2,006
Cash and cash equivalents	127,393	136,627
Restricted cash	29,331	19,764
Derivative instruments	40	675
Tenant and other receivables, net	109,879	94,890
Intangible lease assets, net	506,075	672,784
Deferred leasing costs, net	127,995	104,308
Deferred financing costs, net	2,425	3,384
Real estate loans receivable, net	15,291	55,280
Other assets	20,360	15,351
Total assets	3,988,432	4,372,946
Liabilities:
Accounts payable and accrued expenses	110,219	101,981
Due to affiliates	17,914	14,469
Intangible lease liabilities, net	82,354	95,696
Other liabilities	41,233	48,583
Distributions payable	21,178	19,837
Notes payable, net	2,207,299	2,545,656
Total liabilities	2,480,197	2,826,222
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or outstanding as of December 31, 2016 and 2015
Common shares, $.001 par value; 1,500,000 common shares authorized as of December 31, 2016 and 2015; 277,331 and 274,482 common shares issued and outstanding as of December 31, 2016 and 2015, respectively	277	274
Additional paid-in capital	2,507,186	2,476,744
Accumulated distributions in excess of earnings	(843,900)	(815,127)
Accumulated other comprehensive income (loss)	(199,929)	(163,096)
Total stockholders’ equity	1,463,634	1,498,795
Noncontrolling interests	44,601	47,929
Total equity	1,508,235	1,546,724
Total liabilities and equity	$ 3,988,432	$ 4,372,946

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 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	277,331,000	274,482,000
Common stock, shares outstanding	277,331,000	274,482,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Rental revenue	$ 440,733	$ 441,709	$ 425,969
Other revenue	37,175	35,164	30,295
Total revenues	477,908	476,873	456,264
Expenses:
Property operating expenses	93,276	91,902	85,134
Real property taxes	49,394	47,431	42,273
Property management fees	9,579	10,337	9,694
Depreciation and amortization	174,110	186,965	193,870
Acquisition related expenses	372	10,472	29,278
Asset management and acquisition fees	37,001	44,522	53,069
General and administrative expenses	11,149	8,597	6,782
Total expenses	374,881	400,226	420,100
Income (loss) before other income (expenses) and benefit (provision) for income taxes	103,027	76,647	36,164
Other income (expenses):
Gain (loss) on derivative instruments	(689)	562	7,322
Equity in earnings (losses) of unconsolidated entity	7,504	0	0
Gain (loss) on sale of real estate investments	127,294	14,684	64,003
Foreign currency gains (losses)	(8,240)	(21,468)	(13,074)
Interest expense	(64,473)	(71,288)	(78,273)
Other income (expenses)	130	427	506
Income (loss) before benefit (provision) for income taxes	164,553	(436)	16,648
Benefit (provision) for income taxes	(7,326)	(4,518)	(5,806)
Net income (loss)	157,227	(4,954)	10,842
Net (income) loss attributable to noncontrolling interests	(6,177)	(5,677)	(5,764)
Net income (loss) attributable to common stockholders	$ 151,050	$ (10,631)	$ 5,078
Basic and diluted income (loss) per common share (in dollars per share)	$ 0.55	$ (0.04)	$ 0.02
Weighted average number of common shares outstanding, shares	275,914	272,773	263,323
Net comprehensive income (loss):
Net income (loss)	$ 157,227	$ (4,954)	$ 10,842
Other comprehensive income (loss):
Foreign currency translation adjustment	(40,647)	(40,516)	(101,397)
Net comprehensive income (loss):	116,580	(45,470)	(90,555)
Net comprehensive (income) loss attributable to noncontrolling interests	(2,363)	(4,488)	(4,215)
Net comprehensive income (loss) attributable to common stockholders	$ 114,217	$ (49,958)	$ (94,770)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Hines Global REIT, Inc. Common Stock	Hines Global REIT, Inc. Additional Paid-in Capital	Hines Global REIT, Inc. Accumulated Distributions in Excess of Earnings	Hines Global REIT, Inc. Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Noncontrolling Interests
Beginning balance, shares at Dec. 31, 2013		229,035
Beginning balance, value at Dec. 31, 2013		$ 229	$ 2,055,827	$ (461,196)	$ (23,921)	$ 1,570,939	$ 43,268
Increase (Decrease) in Stockholders' Equity
Issuance of common shares, shares		45,477
Issuance of common shares, value		$ 45	463,514			463,559
Contributions from noncontrolling interest							3,894
Distributions declared				(171,085)		(171,085)	(324)
Distributions on CPEC							(4,344)
Redemption of common shares, shares		(3,855)
Redemption of common shares, value		$ (3)	(40,922)			(40,925)
Selling commissions and dealer manager fees			(36,355)			(36,355)
Issuer costs			(1,975)			(1,975)
Net income (loss)	$ 10,842			5,078		5,078	5,764
Foreign currency translation adjustment	(101,397)				(105,570)	(105,570)	(1,549)
Foreign currency translation adjustment reclassified into earnings					5,722	5,722
Ending balance, shares at Dec. 31, 2014		270,657
Ending balance, value at Dec. 31, 2014		$ 271	2,440,089	(627,203)	(123,769)	1,689,388	46,709
Increase (Decrease) in Stockholders' Equity
Issuance of common shares, shares		9,836
Issuance of common shares, value		$ 10	93,775			93,785
Contributions from noncontrolling interest							953
Distributions declared				(177,293)		(177,293)	(825)
Distributions on CPEC							(3,396)
Redemption of common shares, shares		(6,011)
Redemption of common shares, value		$ (7)	(57,059)			(57,066)
Issuer costs			(61)			(61)
Net income (loss)	(4,954)			(10,631)		(10,631)	5,677
Foreign currency translation adjustment	$ (40,516)				(55,541)	(55,541)	(1,189)
Foreign currency translation adjustment reclassified into earnings					16,214	16,214
Ending balance, shares at Dec. 31, 2015	274,482	274,482
Ending balance, value 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
Issuance of common shares, shares		9,331
Issuance of common shares, value		$ 9	94,061			94,070
Distributions declared				(179,823)		(179,823)	(2,077)
Distributions on CPEC							(3,614)
Redemption of common shares, shares		(6,482)
Redemption of common shares, value		$ (6)	(63,578)			(63,584)
Issuer costs			(41)			(41)
Net income (loss)	157,227			151,050		151,050	6,177
Foreign currency translation adjustment	$ (40,647)				(36,833)	(36,833)	(3,814)
Ending balance, shares at Dec. 31, 2016	277,331	277,331
Ending balance, value at Dec. 31, 2016	$ 1,508,235	$ 277	$ 2,507,186	$ (843,900)	$ (199,929)	$ 1,463,634	$ 44,601

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 157,227	$ (4,954)	$ 10,842
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	193,954	203,380	209,957
Equity in (earnings) losses of unconsolidated entity	(7,504)	0	0
Distributions from unconsolidated entities	7,504	0	0
Foreign currency (gains) losses	8,240	21,468	13,074
(Gain) loss on sale of real estate investments	(127,294)	(14,684)	(64,003)
(Gain) loss on derivative instruments	689	(562)	(7,322)
Changes in assets and liabilities:
Change in other assets	(6,651)	(5,235)	(2,440)
Change in tenant and other receivables	(27,065)	(34,637)	(26,505)
Change in deferred leasing costs	(43,191)	(60,104)	(23,343)
Change in accounts payable and accrued expenses	7,471	9,133	18,242
Change in other liabilities	(5,145)	1,324	10,850
Change in due to affiliates	(1,460)	(224)	3,020
Net cash from operating activities	156,775	114,905	142,372
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of real estate investments	266,312	30,368	248,120
Investments in acquired properties and lease intangibles	(30,142)	(511,553)	(729,674)
Capital expenditures at operating properties and developments	(19,926)	(11,627)	(51,671)
Distributions from unconsolidated entities in excess of equity in earnings	2,006	867	700
Deposits on investment property	0	0	(15,000)
Investments in real estate loans receivable	(6,182)	(13,208)	(50,576)
Proceeds from collection of real estate loans receivable	46,951	33,569	19,447
Net cash from (used in) investing activities	259,019	(471,584)	(578,654)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	0	0	378,804
Contribution from noncontrolling interest	0	953	3,894
Redemption of common shares	(63,842)	(57,325)	(37,708)
Payment of issuer costs	(42)	(55)	(2,457)
Payment of selling commissions and dealer manager fees	0	0	(37,011)
Distributions paid to stockholders and noncontrolling interests	(89,163)	(85,275)	(81,901)
Proceeds from notes payable	159,000	1,756,721	1,063,094
Payments on related party notes payable	0	(17,017)	(20,770)
Payments on notes payable	(412,620)	(1,230,638)	(788,178)
Change in security deposit liability	78	915	1,157
Deferred financing costs paid	(503)	(8,933)	(4,387)
Payments related to interest rate contracts	(50)	(2,457)	(133)
Net cash from (used in) financing activities	(407,142)	356,889	474,404
Effect of exchange rate changes on cash	(8,319)	(7,383)	(11,700)
Net change in cash, cash equivalents, and restricted cash	333	(7,173)	26,422
Cash, cash equivalents and restricted cash, beginning of period	156,391	163,564	137,142
Cash, cash equivalents and restricted cash, end of period	$ 156,724	$ 156,391	$ 163,564

Organization

Organization	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION 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 substantially all of its operations through Hines Global REIT Properties, LP (the “Operating Partnership”) and subsidiaries of the Operating Partnership. Beginning with its taxable year ended December 31, 2009, the Company operated and intends to continue to operate in a manner to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. The day-to-day 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. On August 5, 2009 , the Company commenced its initial public offering of common stock for sale to the public (the “Initial Offering”) which expired on February 1, 2013 . The Company commenced a follow-on offering effective February 4, 2013 , through which it offered up to $3.5 billion in shares of common stock (the “Second Offering”), and ceased offering primary shares pursuant to the second public offering on 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”). Collectively, through its public offerings, the Company received gross offering proceeds of $3.0 billion from the sale of 297.6 million shares from inception through December 31, 2016 , all of which has 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 December 31, 2016 , the Company owned interests in 41 real estate investments, consisting of the following types of investments: • Domestic office investments ( 11 investments) • Domestic other investments ( 8 investments) • International office investments ( 10 investments) • International other investments ( 12 investments) Discussed below are additional details related to the Company’s investment in real estate related debt as of December 31, 2016 , This investment 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 $15.2 million , outstanding as of December 31, 2016 . The Company is not otherwise affiliated with Flagship Capital GP. See Note 5 — Real Estate Loans Receivable for additional information regarding these loans receivable. Joint Ventures, Equity Method Investments and Noncontrolling Interests On January 7, 2009, the Company and Hines Global REIT Associates Limited Partnership (“HALP”), an affiliate of the Advisor, formed Hines Global REIT Properties, LP (the “Operating Partnership”). The Company conducts most of its operations through the Operating Partnership. On January 14, 2009, the Company and HALP made initial capital contributions to the Operating Partnership of $10,000 and $190,000 , respectively and accordingly, HALP owned a 95.0% noncontrolling interest in the Operating Partnership. As of December 31, 2016 and 2015 , HALP owned a 0.01% and 0.01% interest in the Operating Partnership, respectively. The Brindleyplace JV In June 2010, the Operating Partnership and Moorfield Real Estate Fund II GP Ltd., (“Moorfield”) formed Hines Moorfield UK Venture I S.A.R.L., (the “Brindleyplace JV”) and, in July 2010, the Brindleyplace JV acquired several properties located in Birmingham, England (the “Brindleyplace Project”). In 2015, LSREF 3 Laser Holdings (Jersey) Limited (“Laser”) purchased Moorfield’s interest in the Brindleyplace JV and renamed it Hines Laser UK Venture I S.A.R.L. The Company owns a 60% interest in the Brindleyplace JV and Laser holds the remaining 40% interest. In February 2017 , the Brindleyplace JV sold the Brindleyplace Project. See Note 16 — Subsequent Events for information regarding the sale. The Company has concluded its investment in the Brindleyplace JV does not qualify as a variable interest entity (“VIE”) under the Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC” or the “Codification”) 810 “Consolidation.” Based on the Company’s majority voting interest as well as certain additional voting rights and other factors, the Company has consolidated the Brindleyplace JV and its wholly-owned subsidiaries in its financial statements. See Note 10 — Noncontrolling Interests for additional information regarding our noncontrolling interests in the Brindleyplace JV. Consolidated VIEs The Flagship JV In June 2011, a wholly-owned subsidiary of the Operating Partnership entered into a Limited Partnership Agreement (as amended) with Flagship Capital, GP for the formation of Flagship Capital Partners Fund, LP (the “Flagship JV”) for the purpose of originating real estate loans. The Company owns a 97% interest in the Flagship JV and Flagship Capital, GP owns the remaining 3% interest. Flagship Capital, GP serves as the general partner and will manage the day-to-day activities of the Flagship JV. Both partners have equal voting rights and distributions from the Flagship JV will initially be paid to the fund partners based on their pro rata ownership. Since the voting rights of each of the partners are disproportionate to their ownership interests, the Company has concluded that the Flagship JV qualifies as a VIE under ASC 810. Further, the Company has determined that it is the primary beneficiary due to its ability to exercise significant control and influence over the Flagship JV as well as certain other factors. As a result, the Company has consolidated the Flagship JV and its wholly-owned subsidiaries in its financial statements. See Note 10 — Noncontrolling Interests for additional information regarding our noncontrolling interests in the Flagship JV. The WaterWall Place JV In December 2011, a wholly-owned subsidiary of the Operating Partnership entered into a Limited Partnership Agreement with an affiliate of Hines for the formation of Hines One WaterWall Holdings LP (the “WaterWall Place JV”), a Delaware limited liability company, for the purpose of developing a multi-family project in Houston, Texas. Hines serves as the initial general partner and as the development partner and the subsidiary of the Operating Partnership is the initial limited partner. The Company has a 93% interest in this joint venture. An affiliate of Hines owns the remaining 7% interest in this joint venture. The Company has concluded its investment in the WaterWall Place JV qualifies as a VIE under ASC 810. Further, the Company has determined that it is the primary beneficiary since it has greater exposure to the variability of One WaterWall JV’s economic performance as well as certain other factors. As a result, the Company has consolidated the WaterWall Place JV and its wholly-owned subsidiaries in its financial statements. See Note 10 — Noncontrolling Interests for additional information regarding our noncontrolling interests in the WaterWall Place JV. The Aviva Coral Gables JV In July 2012, a wholly-owned subsidiary of the Operating Partnership entered into a Limited Partnership Agreement with an affiliate of Hines for the formation of Hines Ponce & Bird Holdings LP, a Delaware limited liability company, for the purpose of developing a multi-family project in Miami, Florida. Hines serves as the initial general partner and as the development partner and the subsidiary of the Operating Partnership is the initial limited partner. The Company has an 83% in this joint venture. An affiliate of Hines owns the remaining 17% interest in this joint venture. The Company has concluded its investment in the Aviva Coral Gables JV qualifies as a VIE under ASC 810. Further, the Company has determined that it is the primary beneficiary since it has greater exposure to the variability of Aviva Coral Gables's economic performance as well as certain other factors. As a result, the Company has consolidated the Aviva Coral Gables JV and its wholly-owned subsidiaries in its financial statements. See Note 10 — Noncontrolling Interests for additional information regarding our noncontrolling interests in the Aviva Coral Gables JV. A summary of our consolidated VIEs is as follows (in thousands): December 31, 2016 December 31, 2015 Maximum risk of loss (1) $ 30,446 $ 52,394 Assets held by VIEs $ 136,705 $ 171,172 Assets held as collateral for debt $ 136,705 $ 171,172 Liabilities held by VIEs $ 91,792 $ 106,656 (1) Represents the Company's contributions, net of distributions, made to the consolidated VIEs. Restrictions on the use of these assets are significant because they serve as collateral for the 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 terms of the joint venture agreements which include provisions for when additional contributions may be required. During the year ended December 31, 2016 , the Company received distributions of $21.9 million , net of contributions made of $0.2 million in accordance with the Company’s respective joint venture agreements. During the year ended December 31, 2015 , the Company made capital contributions of $4.4 million , net of distributions received of $13.1 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. The Company completed the acquisition of three additional phases in April 2015, December 2015, and December 2016. Following the completion of the development of each phase of the Rim, the Company had certain rights or obligations to purchase each phase. 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 phases 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. 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. As of December 31, 2015 , the outstanding balance of the loan was $12.7 million . In December 2016, the borrower repaid the outstanding balance of the loan receivable. 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 made by 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 has determined that it is 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 joint venture 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): Years Ended December 31, Investment in Unconsolidated Affiliates 2016 2015 2014 Beginning balance 2,006 2,873 3,573 Equity in earnings 7,504 408 — Distributions (9,510 ) (1,275 ) (700 ) Ending balance — 2,006 2,873 The table below summarizes the Company’s maximum loss exposure related to its unconsolidated VIEs as of December 31, 2016 and December 31, 2015 , 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 balance held by the VIEs which is included in the balance sheet line item “Real estate loans receivable” in the consolidated balance sheets as of December 31, 2016 and December 31, 2015 (in thousands). Period Investment in Unconsolidated VIEs (1) Maximum Risk of Loss (2) December 31, 2016 $ — $ — 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 made to the VIEs as of the date indicated. See Note 5 — Real Estate Loans Receivable for additional information regarding the loan.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the consolidated financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities and contingencies as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company evaluates its assumptions and estimates on an ongoing basis. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. Additionally, application of the Company’s accounting policies involves exercising judgments regarding assumptions as to future uncertainties. Actual results may differ from these estimates under different assumptions or conditions. Basis of Presentation The consolidated financial statements of the Company include the accounts of Hines Global REIT, Inc., the Operating Partnership and its wholly-owned subsidiaries and the joint ventures as well as amounts related to noncontrolling interests. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates the need to consolidate joint ventures in accordance with GAAP. In accordance with GAAP, the Company will consolidate joint ventures that are determined to be variable interest entities for which it is the primary beneficiary. Further, partially owned real estate joint ventures over which the Company has a controlling financial interest are consolidated in its financial statements. In determining if the Company has a controlling financial interest, it considers factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Management continually analyzes and assesses reconsideration events, including changes in these factors, to determine if the consolidation treatment remains appropriate. Partially owned real estate joint ventures where the Company does not have a controlling financial interest, but has the ability to exercise significant influence, are accounted for using the equity method. The Company’s investments in partially owned real estate joint ventures are reviewed for impairment periodically if events or circumstances change indicating that the carrying amount of its investments may not be recoverable. In such an instance, the Company will record an impairment charge if it determines that a decline in the value of an investment below its fair value is other than temporary. The Company’s analysis will be dependent on a number of factors, including the performance of each investment, current market conditions, and its intent and ability to hold the investment to full recovery. Based on the Company’s analysis of the facts and circumstances at each reporting period, no impairment was recorded related to its investments in unconsolidated, partially owned real estate joint ventures for the years ended December 31, 2016 , 2015 or 2014 . However, if market conditions deteriorate in the future and result in lower valuations or reduced cash flows of the Company’s investments, impairment charges may be recorded in future periods. Reclassifications In connection with the recent amendments to the ASC, which are described below, issued by the FASB regarding the presentation of restricted cash in the cash flow statement, the Company reclassified $19.8 million and $20.0 million of restricted cash from investing activities on the cash flow statement to the cash, cash equivalents, and restricted cash balances in 2015 and 2014, respectively, to be consistent with the 2016 presentation. International Operations The British pound (“GBP”) is the functional currency for the Company’s subsidiaries operating in the United Kingdom, the Russian rouble (“RUB”) is the functional currency for the Company’s subsidiaries operating in Russia, the Polish zloty (“PLN”) is the functional currency for the Company’s subsidiaries operating in Poland, the Australian dollar (“AUD”) is the functional currency for the Company’s subsidiaries operating in Australia and the Euro (“EUR”) is the functional currency for the Company’s subsidiaries operating in Germany and France. These subsidiaries have translated their financial statements into U.S. dollars for reporting purposes. Assets and liabilities are translated at the exchange rate in effect as of the balance sheet date while income statement accounts are translated using the average exchange rate for the period and significant nonrecurring transactions using the rate on the transaction date. Gains or losses resulting from translation are included in accumulated other comprehensive income (loss) within stockholders’ equity. Foreign currency transaction gains and losses are recorded in foreign currency gains (losses) on the consolidated statement of operations and result from the effect of changes in exchange rates on transactions denominated in currencies other than a subsidiary’s functional currency, including transactions between consolidated subsidiaries. An exception is made where an intercompany loan or advance is deemed to be of a long-term investment nature, in which instance foreign currency transaction gains or losses are included as currency translation adjustments and are reported in the consolidated statement of equity as accumulated other comprehensive gains or losses. During the year ended December 31, 2015, intercompany loans with the consolidated subsidiaries in Australia were repaid and as a result, the Company recognized $15.1 million of accumulated other comprehensive loss into earnings. The Company disposed of its investment in 144 Montague in November 2014 as well as its investment in Stonecutter Court in December 2014 . Upon the disposal of these properties, the Company realized a loss of $6.8 million related to the currency translation adjustment, which was included in the gain (loss) on sale of real estate in its consolidated statement of operations. Investment Property and Lease Intangibles Real estate assets acquired by the Company are stated at fair value at the date of acquisition less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 years for furniture and fixtures, 15 - 20 years for electrical and mechanical installations and 40 years for buildings. Major replacements that extend the useful life of the assets are capitalized and maintenance and repair costs are expensed as incurred. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, are recorded at the estimated fair values of the assets acquired and liabilities assumed. The results of operations of acquired properties are included in the Company’s results of operations from their respective dates of acquisition. Estimates of fair values are based upon estimates of future cash flows and other valuation techniques that the Company believes are similar to those used by market participants and are used to record the purchase of identifiable assets acquired, such as land, buildings and improvements, equipment and identifiable intangible assets related to in-place leases and liabilities assumed, such as amounts related to acquired out-of-market leases, asset retirement obligations, mortgage notes payable. Values of buildings and improvements are determined on an as if vacant basis. Initial valuations are subject to change until such information is finalized, no later than 12 months from the acquisition date. Acquisition-related costs such as transaction costs and acquisition fees paid to the Advisor are expensed as incurred. The estimated fair value of acquired in-place leases are the costs the Company would have incurred to lease the properties to the occupancy level of the properties at the date of acquisition. Such estimates include the fair value of leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. Additionally, the Company evaluates the time period over which such occupancy levels would be achieved. Such evaluation will include an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases as of the date of acquisition are amortized over the remaining lease terms. Should a tenant terminate its lease, the unamortized portion of the in-place lease value is charged to amortization expense. Acquired out-of-market lease values (including ground leases) are recorded based on the present value (using a discount rate that reflects the risks associated with the lease acquired) of the difference between the contractual amounts paid pursuant to the in-place leases and management’s estimate of fair market value lease rates for the corresponding in-place leases. The capitalized out-of-market lease values are amortized as adjustments to rental revenue (or ground lease expense, as applicable) over the remaining terms of the respective leases, which include periods covered by bargain renewal options. Should a tenant terminate its lease, the unamortized portion of the out-of-market lease value is charged to rental revenue. Management estimates the fair value of assumed mortgage notes payable based upon indications of then-current market pricing for similar types of debt with similar maturities. Assumed mortgage notes payable are initially recorded at their estimated fair value as of the assumption date, and the difference between such estimated fair value and the outstanding principal balance of the note will be amortized over the life of the mortgage note payable. Real estate assets are reviewed for impairment each reporting period if events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the current and projected operating cash flows and expected proceeds from the eventual disposition of each property on an undiscounted basis to the carrying amount of such property. If the carrying amount exceeds the undiscounted cash flows, it would be written down to the estimated fair value to reflect impairment in the value of the asset. The determination of whether investment property is impaired requires a significant amount of judgment by management and is based on the best information available to management at the time of the evaluation. No impairment charges were recorded during the years ended December 31, 2016 , 2015 and 2014 . Cash and Cash Equivalents The Company considers all short-term, highly liquid investments that are readily convertible to cash with an original maturity of three months or less at the time of purchase to be cash equivalents. Restricted Cash The Company has restricted cash primarily related to certain escrow accounts required by several of the Company’s mortgage agreements. Concentration of Credit Risk As of December 31, 2016 , the Company had cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels. Management regularly monitors the financial stability of these financial institutions in an effort to manage the Company’s exposure to any significant credit risk in cash and cash equivalents or restricted cash. In addition, as of December 31, 2016 , the Company had $55.3 million of cash and cash equivalents deposited in certain financial institutions located in the United Kingdom, Russia, Poland, Australia, Germany, and France. Management regularly monitors the financial stability of these financial institutions in an effort to manage its exposure to any significant credit risk in cash and cash equivalents. Tenant and Other Receivables Receivable balances consist primarily of base rents, tenant reimbursements and receivables attributable to straight-line rent. An allowance for the uncollectible portion of tenant and other receivables is determined based upon an analysis of the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Tenant and other receivables are shown at cost in the consolidated balance sheets, net of allowance for doubtful accounts of $2.5 million and $1.7 million at December 31, 2016 and 2015 , respectively. Deferred Leasing Costs Direct leasing costs, primarily consisting of third-party leasing commissions, tenant inducements and legal costs are capitalized and amortized over the life of the related lease. Tenant inducement amortization is recorded as an offset to rental revenue and the amortization of other direct leasing costs is recorded in amortization expense. Tenant inducement amortization was $12.3 million , $7.6 million and $4.2 million for the years ended December 31, 2016 , 2015 and 2014 , respectively, and was recorded as an offset to rental revenue. In addition, the Company recorded $4.0 million , $2.5 million and $1.8 million as amortization expense related to other direct leasing costs for the years ended December 31, 2016 , 2015 and 2014 , 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 presented as an asset for revolving credit arrangements. In total, deferred financing costs (net of amortization) were $10.8 million and $15.6 million as of December 31, 2016 and 2015 . 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 years ended December 31, 2016 , 2015 and 2014 , $5.0 million , $6.0 million and $6.9 million , were amortized into interest expense in the accompanying consolidated statement of operations, respectively. Real Estate Loans Receivable Real estate loans receivable are shown at cost, net of any applicable allowance for uncollectibility and net of deferred loan origination fees. The Company defers certain loan origination fees and amortizes them as an adjustment of yield over the term of the related real estate loan receivable. The related amortization of the deferred loan origination fees are recorded in other revenue in the accompanying consolidated statement of operations and comprehensive income (loss). An allowance for the uncollectible portion of the real estate loans receivable is determined based upon an analysis of the economic conditions in the area in which the property is located and credit quality indicators which include: borrower’s payment history, the financial condition of the borrower, and business conditions in the industry in which the borrower operates. Additionally, a real estate loan receivable is considered to be impaired, when based upon current events, it is probable that we will be unable to collect all amounts due according to the existing contractual terms. If a real estate loan receivable is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at its effective interest rate or to the value of the underlying collateral if the real estate loan receivable is collateral dependent. Evaluating real estate loans receivable for potential impairment can require management to exercise significant judgment. No impairment was recorded for the years ended December 31, 2016 , 2015 and 2014 , respectively. Further, as of December 31, 2016 and December 31, 2015 , no allowances for uncollectibility have been recorded. Other Assets Other assets included the following (in thousands): December 31, 2016 December 31, 2015 Deferred costs — 1,000 Prepaid expenses 2,647 3,401 Deferred tax assets 11,259 10,501 Other (1) 6,454 449 Other assets $ 20,360 $ 15,351 (1) Primarily consists of $6.3 million held by an escrow agent as of December 31, 2016. This amount was returned to the Company in January 2017. Revenue Recognition Rental payments are generally paid by the tenants prior to the beginning of each month. As of December 31, 2016 and December 31, 2015 , respectively, the Company recorded liabilities of $27.3 million and $33.4 million related to prepaid rental payments which were included in other liabilities in the accompanying 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 $89.4 million and $72.2 million as of December 31, 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. Other revenues consist primarily of parking revenue, tenant reimbursements and interest on loans receivable. Parking revenue represents amounts generated from contractual and transient parking and is recognized in accordance with contractual terms or as services are rendered. Other revenues relating to tenant reimbursements are recognized in the period that the expense is incurred. Issuer Costs The Company reimburses the Advisor for any issuer costs related to the Company’s public offerings that it pays on the Company’s behalf. Such costs consist of, among other costs, expenses of the Company’s organization, legal, accounting, bona fide out-of-pocket itemized and detailed due diligence costs, printing, filing fees, transfer agent costs, postage, escrow fees, data processing fees, advertising and sales literature and other offering-related costs. Organizational issuer costs, such as expenses associated with the formation of the Company and its board of directors are expensed and other issuer costs related to our public offerings are recorded as an offset to additional paid-in capital. Income Taxes The Company has elected to be treated as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). The Company’s management believes that it operates in such a manner as to qualify for treatment as a REIT and intends to operate in the foreseeable future in such a manner so that it will remain qualified as a REIT for federal income tax purposes. Accordingly, no provision has been made for U.S. federal income taxes for the years ended December 31, 2016 , 2015 and 2014 in the accompanying consolidated financial statements. In 2016 , 2015 and 2014 , income tax expense recorded by the Company was primarily comprised of foreign income taxes related to the operation its international properties. The Company does not believe it has any uncertain tax positions or unrecognized tax benefits requiring disclosure. Redemption of Common Stock The Company complies with FASB ASC 480 “Distinguishing Liabilities from Equity” which requires, among other things, that financial instruments that represent a mandatory obligation of the Company to repurchase shares be classified as liabilities and reported at settlement value. When approved, the Company will reclassify such obligations from equity to an accrued liability based upon their respective settlement values. The Company has recorded liabilities of $5.0 million and $5.2 million in accounts payable and accrued expenses in the accompanying consolidated balance sheets as of December 31, 2016 and December 31, 2015 , respectively, related to shares tendered for redemption and approved by the board of directors, but which were not redeemed until the subsequent month. Such amounts have been included in redemption of common shares in the accompanying consolidated statements of equity. Per Share Data Net income (loss) per common share is calculated by dividing the net income (loss) attributable to common stockholders for each period by the weighted average number of common shares outstanding during such period. Net income (loss) per common share on a basic and diluted basis is the same because the Company has no potentially dilutive common shares outstanding. Recent Accounting Pronouncements In May 2014, the FASB, issued ASU 2014-09 to provide guidance on recognizing revenue from contracts with customers. The amendments also replace prior guidance regarding the recognition of revenue from sales of real estate, except for revenue from sales that are part of a sale-leaseback transaction. Subsequent to ASU 2014-09, the FASB has issued multiple ASUs clarifying multiple aspects of the new revenue recognition standard, which include the deferral of the effective date by one year, and additional guidance for partial sales of non-financial assets. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with retrospective or modified retrospective adoption. The Company is currently evaluating each of its revenue streams to identify differences in the timing, measurement or presentation of revenue recognition under the new standard, as well as evaluating methods of adoption, however a substantial portion of the Company’s revenue consists of rental income from leasing arrangements, which is specifically excluded from ASU 2014-09 and will be evaluated with the adoption of the lease accounting standard, ASU 2016-02. In February 2016, the FASB issued ASU 2016-02 intended to improve financial reporting about leasing transactions. The ASU will require companies that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The accounting by companies that own the assets leased by the lessee (the lessor) will remain largely unchanged from current GAAP. The new standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The standard is effective for fiscal years beginning after December 15, 2018 and early adoption is permitted. While the Company is still evaluating the effect that the ASU will have on its consolidated financial statements and related disclosures, it expects to recognize right-of-use assets and related lease liabilities on its consolidated balance sheets related to ground leases under which it is the lessee. In June 2016, the FASB issued ASU 2016-13 that requires the impairment of financial instruments to be based on expected credit losses. The new standard requires a modified retrospective transition approach using a cumulative effect adjustment to retained earnings in the first reporting period for with the guidance is effective. 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 ASU 2016-15 to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance requires the Company to make an accounting policy election to classify distributions received from equity method investees. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and early adoption is permitted. The Company adopted this guidance as of December 31, 2016. The Company has elected the cumulative-earnings approach. Under this approach, distributions are presumed to be returns on investment and classified as operating cash inflows. The distributions in excess of cumulative equity in earnings are determined to be returns of investment, and such excess is classified as cash inflows from investing activities. This election did not change the Company’s presentation in the statement of cash flows. In November 2016, the FASB issued ASU 2016-18 which addressed the presentation of restricted cash in the cash flow statement whereby restricted cash should be included in the cash and cash equivalents balance 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 early adoption is permitted. The Company adopted this guidance as of December 31, 2016. See the “— Reclassifications” subheading above for the impact the adoption of this guidance had on the Company. In January 2017, the FASB issued ASU 2017-01 to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and early adoption is permitted with prospective application. The Company expects the adoption of this guidance to require that most real estate transactions be accounted for under the asset acquisition guidance and, accordingly, acquisition expenses related to these acquisitions will be capitalized.

Investment Property

Investment Property	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
INVESTMENT PROPERTY	INVESTMENT PROPERTY Investment property consisted of the following amounts as of December 31, 2016 and December 31, 2015 (in thousands): December 31, 2016 December 31, 2015 Buildings and improvements $ 2,612,274 $ 2,776,740 Less: accumulated depreciation (246,940 ) (200,311 ) Buildings and improvements, net 2,365,334 2,576,429 Land 684,309 691,448 Investment property, net $ 3,049,643 $ 3,267,877 Recent Dispositions of Real Estate Investments In December 2016 , the Company completed the sale of Komo Plaza for a contract sales price of $276.0 million . The property at Komo Plaza is a mixed-use two-building complex located in Seattle, Washington. The Company acquired the property in December 2011 for a purchase price of $160.0 million . The Company recognized a gain on sale of this asset of $127.3 million net of disposition costs, which was recorded in gain (loss) on sale of real estate investments on the consolidated statements of operations and comprehensive income (loss). In December 2015 , the Company completed the sale of 17600 Gillette for a contract sales price of $30.9 million . The property at 17600 Gillette is an office building located in the Irvine, California submarket. The Company acquired the property in June 2010 for a purchase price of $20.4 million . The Company recognized a gain on sale of this asset of $15.8 million net of disposition costs, which was recorded in gain (loss) on sale of real estate investments on the consolidated statements of operations and comprehensive income (loss). In November 2014, the Company completed the sale of 144 Montague for a contract sales price of 93.0 million AUD (approximately $79.3 million based on an exchange rate of $0.83 per AUD as of the transaction date). The property at 144 Montague is an office building located in the South Brisbane submarket. The Company acquired the property in April 2012 for a purchase price of 88.1 million AUD (approximately $91.3 million based on an exchange rate of $1.04 per AUD as of the transaction date). The Company recognized a gain on sale of this asset of $1.8 million net of disposition costs, which was recorded in gain (loss) on sale of real estate investments on the consolidated statements of operations and comprehensive income (loss). In December 2014, the Company completed the sale of Stonecutter Court for a contract sales price of £112.0 million (approximately $175.6 million based on an exchange rate of $1.57 per GBP as of the transaction date). Stonecutter Court is an office building located in London’s Central Business District. The Company acquired Stonecutter Court in March 2011 for a purchase price of £90.9 million (approximately $145.6 million based on an exchange rate of $1.60 per GBP as of the transaction date). The Company recognized a gain on sale of this asset of $61.1 million net of disposition costs, which was recorded in gain (loss) on sale of real estate investments on the consolidated statements of operations and comprehensive income (loss). Additionally, the Brindleyplace JV sold Brindleyplace Project in February 2017 . See Note 16 — Subsequent Events for information regarding the sale. As of December 31, 2016 , the cost basis and accumulated amortization related to lease intangibles was as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 793,018 $ 96,912 $ (116,717 ) Less: accumulated amortization (334,249 ) (49,606 ) 34,363 Net $ 458,769 $ 47,306 $ (82,354 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles was 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 $100.3 million , $115.7 million and $127.2 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Amortization of out-of-market leases was a decrease to rental revenue of approximately $2.8 million , $2.8 million and $5.4 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. Anticipated amortization of in-place leases and out-of-market leases, net, for each of the years ending December 31, 2017 through December 31, 2021 are as follows (in thousands): In-Place Leases Out-of-Market Leases, Net 2017 $ 70,237 $ (486 ) 2018 55,492 (2,135 ) 2019 44,366 (3,585 ) 2020 35,615 (3,347 ) 2021 24,248 (1,004 ) Leases The Company has entered into non-cancelable lease agreements with tenants for space. As of December 31, 2016 , the approximate fixed future minimum rentals for each of the years ending December 31, 2017 through 2021 and thereafter were as follows (in thousands): Fixed Future Minimum Rentals 2017 $ 321,902 2018 279,769 2019 259,635 2020 227,503 2021 191,071 Thereafter 1,145,134 Total $ 2,425,014 During the years ended December 31, 2016 , 2015 , and 2014 , the Company did not earn more than 10% of its total rental revenue from any individual tenant, respectively.

Recent Acquisitions of Real Est

Recent Acquisitions of Real Estate	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
RECENT ACQUISITIONS OF REAL ESTATE	RECENT ACQUISITIONS OF REAL ESTATE For the year ended December 31, 2016 , the Company did not have any acquisitions of new properties, but the Company did acquire an additional phase of The Rim for $38.1 million . For each of the years ended December 31, 2015 and 2014 , the Company acquired the assets and assumed certain liabilities of four real estate operating properties located in the United States and internationally, for an aggregate net purchase price of $544.2 million and $732.9 million , respectively. In 2015, the Company also acquired additional phases of Simon Hegele Logistics and The Rim. The amounts recognized for major assets acquired as of the acquisition date were determined by allocating the purchase price of each property acquired in 2016 , 2015 and 2014 as follows (in thousands): Property Name Acquisition Building and (1) Land (1) In-place (1) Out-of- (1) Total (1) The Rim (2) 02/13/2014, 04/30/2015, $ 153,082 $ 102,170 $ 59,450 $ (28,810 ) $ 285,892 Simon Hegele Logistics (3) 06/03/2014 & $ 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 (4) 04/01/2015 & 12/03/2015 $ 89,368 $ 16,362 $ 15,413 $ 5,392 $ 126,535 25 Cabot Square 03/28/2014 $ 165,121 $ — $ 206,640 $ (16 ) $ 371,745 818 Bourke 10/31/2014 $ 82,867 $ 36,487 $ 17,082 $ (792 ) $ 135,644 (1) For acquisitions denominated in a foreign currency, amounts have been translated at a rate based on the exchange rate in effect on the acquisition date. (2) In February 2014, the Company acquired The Rim retail center in San Antonio, Texas. In April 2015, December 2015, and December 2016, the Company acquired additional phases of the center. (3) 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. (4) 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. The weighted average amortization period for the intangible assets and liabilities acquired in connection with the 2016 , 2015 and 2014 acquisitions, as of the date of the acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2016 Acquisitions: The Rim (4th Phase) 20.0 12.8 5.9 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio (1st Phase) 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 — 2014 Acquisitions: The Rim (1st Phase) 16.5 12.9 35.3 25 Cabot Square (1) 11.7 0.5 3.0 Simon Hegele Logistics (1st Phase) 13.4 13.4 — 818 Bourke 4.1 3.3 3.1 (1) Excludes the effect of ground leases which significantly increase the weighted average useful life for these intangibles. The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2016 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2016 (in thousands): For the Year Ended 2016 Acquisitions December 31, 2016 The Rim (1) Revenue $ 27,653 Net income (loss) $ 4,898 (1) Includes the total revenue and net income of The Rim retail center, including the phases of the center acquired in February 2014, April 2015 and December 2015. The fourth phase of the center was acquired in December 2016 and includes 96,742 square feet of net rentable area, which represents 9.4% of the total net rentable area of The Rim retail center. The following unaudited consolidated information is presented to give effect to current year acquisitions through December 31, 2016 as if the acquisitions occurred on January 1, 2015 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $0.6 million and $19.3 million for the years ended December 31, 2016 and 2015 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2016 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2016 Pro Forma 2015 Revenues $ 478,783 $ 477,778 Net income (loss) $ 156,395 $ 11,853 Basic and diluted income (loss) per common share $ 0.54 $ 0.02 The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2015 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2015 (in thousands): For the Year Ended 2015 Acquisitions December 31, 2015 Simon Hegele Logistics (1) Revenue $ 5,336 Net income (loss) $ 48 The Summit Revenue $ 21,756 Net income (loss) $ 439 Harder Logistics Portfolio (2) Revenue $ 3,766 Net income (loss) $ (8,762 ) The Rim (3) Revenue $ 23,458 Net income (loss) $ 2,853 (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. 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 total net rentable area of the Simon Hegele Logistics facility. (2) Includes the total revenue and net income of The Harder Logistics Portfolio, including the first phase of the portfolio acquired in April 2015. The second phase of the portfolio was acquired in December 2015 and includes 677,374 square feet of net rentable area, which represents 52.7% of the total net rentable area of the Harder Logistics Portfolio. (3) Includes the total revenue and net income of The Rim retail center, including the first phase of the center acquired in February 2014. The second phase of the center was acquired in April 2015 and includes 259,316 square feet of net rentable area, which represents 27.8% of the total net rentable area of The Rim retail center. The third phase of the center was acquired in December 2015 and includes 28,901 square feet of net rentable area, which represents 3.1% of the total net rentable area of The Rim retail center. The following unaudited consolidated information is presented to give effect to 2015 acquisitions through December 31, 2015 as if the acquisitions occurred on January 1, 2014 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $19.3 million and $47.5 million for the years ended December 31, 2015 and 2014 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2014 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2015 Pro Forma 2014 Revenues $ 486,274 $ 491,187 Net income (loss) $ 13,854 $ 58,514 Basic and diluted income (loss) per common share $ 0.03 $ 0.20 The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2014 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2014 (in thousands): For the Year Ended 2014 Acquisitions December 31, 2014 The Rim Revenue $ 17,240 Net income (loss) $ 369 25 Cabot Square Revenue $ 26,666 Net income (loss) $ (16,639 ) Simon Hegele Logistics Revenue $ 2,110 Net income (loss) $ (3,974 ) 818 Bourke Revenue $ 1,980 Net income (loss) $ (7,700 ) The following unaudited consolidated information is presented to give effect to 2014 acquisitions through December 31, 2014 as if the acquisitions occurred on January 1, 2013 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $47.5 million and $82.1 million for the years ended December 31, 2014 and 2013 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2013 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2014 Pro Forma 2013 Revenues $ 477,692 $ 392,489 Net income (loss) $ 56,503 $ (20,717 ) Basic and diluted income (loss) per common share $ 0.21 $ (0.11 )

Real Estate Loans Receivable

Real Estate Loans Receivable	12 Months Ended
	Dec. 31, 2016
Real Estate Loans Receivable [Abstract]
REAL ESTATE LOANS RECEIVABLE	REAL ESTATE LOANS RECEIVABLE Real estate loans receivable included the following at December 31, 2016 and 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 8,953 8,747 Finesilver 7/31/2014 7/31/2017 6.45% 7,233 6,271 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 $ 15,224 $ 38,795 (Origination)/Exit fees 67 (128 ) Total Flagship Capital JV $ 15,291 $ 38,667 Other Loans Receivable 1377 (3) 6/29/2012 7/1/2016 N/A $ 3,962 $ — $ 3,962 The Rim (4) 9/8/2014 12/20/2016 N/A $ 20,750 $ — $ 12,651 Total Real Estate Loans Receivable $ 15,291 $ 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 December 2016, the borrower repaid the outstanding principal balance of the loan upon the completion of the construction of the additional phase of the property. See Note 1 — Organization for additional information concerning the completion and acquisition of the additional phase of the The Rim retail center.

Debt Financing

Debt Financing	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
DEBT FINANCING	DEBT FINANCING As of December 31, 2016 and 2015 , the Company had $2.2 billion and $2.6 billion of principal outstanding, respectively, with a weighted average years to maturity of 2.4 years and 3.3 years , respectively, and a weighted average interest rate of 2.4% and 2.3% , respectively. The following table describes the Company’s debt outstanding at December 31, 2016 and 2015 (in thousands, except percentages): Description Origination or Assumption Date Maturity Date Interest Rate Description Interest Rate as of December 31, 2016 Principal Outstanding at December 31, 2016 Principal Outstanding at December 31, 2015 Secured Mortgage Debt Brindleyplace Project 7/1/2010 1/7/2017 (1) Variable 1.98 % $ 149,343 $ 179,197 Southpark 10/19/2010 12/6/2016 Fixed N/A — 18,000 Fifty South Sixth 11/4/2010 11/3/2018 Variable 2.22 % 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 4.14 % 31,109 31,546 Poland Logistics Portfolio 8/2/2012 6/28/2019 Variable, subject to interest rate cap 2.00 % 64,294 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 2.45 % 58,320 59,139 Mercedes Benz Bank 2/7/2013 12/31/2019 Variable, subject to interest rate cap 1.24 % 35,041 36,719 465 Victoria 2/28/2013 12/3/2018 Variable, subject to interest rate cap 3.10 % 38,293 38,831 New City 3/28/2013 3/18/2018 Variable, subject to interest rate cap 2.30 % 73,612 83,978 One Westferry Circus 5/9/2013 5/5/2020 Fixed 3.30 % 59,213 71,050 The Campus at Playa Vista 5/14/2013 12/1/2018 Variable 2.02 % 150,000 150,000 Perspective Defense 6/21/2013 7/25/2019 Variable, subject to interest rate cap 2.19 % 73,612 76,342 Fiege Mega Centre 10/18/2013 10/31/2018 Variable, subject to interest rate cap 1.38 % 23,924 25,135 55 M Street 12/9/2013 12/9/2017 Variable 2.22 % 72,000 72,000 25 Cabot Square 3/26/2014 3/26/2020 Fixed 3.50 % 152,658 183,175 Simon Hegele Logistics 4/28/2014 6/15/2019 Fixed 1.90 % 37,167 38,940 818 Bourke 10/31/2014 10/31/2019 Variable, subject to interest rate cap 2.50 % 62,254 64,952 The Summit 3/4/2015 4/1/2022 Variable 2.17 % 170,000 170,000 Harder Logistics Portfolio 4/1/2015 2/28/2021 Variable, subject to interest rate cap 0.95 % 72,275 76,106 Other Notes Payable JPMorgan Chase Revolving Credit Facility 4/13/2012 6/29/2019 Variable 2.34 % (2) 119,000 327,000 JPMorgan Chase Revolving Credit Facility - Term Loan 5/22/2013 6/29/2019 Variable 2.32 % 495,000 495,000 WaterWall Place Construction Loan 6/29/2012 5/8/2018 Variable 2.36 % 44,897 44,897 Aviva Coral Gables JV Construction Loan 5/10/2013 5/10/2017 Variable 2.77 % (2) 42,693 42,693 Total Principal Outstanding $ 2,215,717 $ 2,557,744 Unamortized Premium/ (Discount) — 105 Unamortized Deferred Financing Fees (8,418 ) (12,193 ) Notes Payable $ 2,207,299 $ 2,545,656 (1) In January 2017, the Company exercised an extension option, resulting in a new maturity date of July 7, 2017. In February 2017, the Brindleyplace JV sold the Brindleyplace Project and paid off the Brindleyplace Project secured mortgage loan with proceeds from the sale. (2) Represents the weighted average interest rate as of December 31, 2016 . As of December 31, 2016 , the variable rate debt has variable interest rates ranging from LIBOR, EURIBOR or the BBSY screen rate plus 0.65% to 2.50% per annum. Additionally, as of December 31, 2016 , $398.8 million of our variable rate debt was capped at strike rates ranging from 1.5% to 4.0% . See Note 7 — Derivative Instruments for more information regarding our interest rate contracts. JP Morgan Chase Revolving Credit Facility In April 2012, the Operating Partnership entered into a credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent for itself and various lenders named in the Credit Agreement. The Company refers to the Revolving Loan Commitment and Term Loan Commitment collectively as the “Revolving Credit Facility.” The borrowings under the Revolving Loan Commitment may be denominated in U.S. dollars, British pound sterling, Euros, Australian dollars or Canadian dollars with aggregate foreign currency commitments constituting up to $212.5 million of the maximum amount available under the Revolving Loan Commitment. In April 2014, the Company entered into an amendment to its Revolving Credit Facility, resulting in the following changes: • an increase of the term loan commitment (the “Term Loan Commitment”) from $200.0 million to $378.0 million . • an increase of the foreign currency commitments under the revolving loan commitment (the “Revolving Loan Commitment”) to $400.0 million ; and • the removal of the $750.0 million maximum under the Revolving Loan Commitment and the $250.0 million maximum under the Term Loan Commitment. As a result of this amendment, the Company may request increases in each commitment so long as the aggregate commitments do not exceed $1.0 billion . In June 2015, the Company entered into an additional amendment to its Revolving Credit Facility, which resulted in the following changes: • an increase in total commitments to $920.0 million , consisting of a $495.0 million increase to the Term Loan Commitment and a $425.0 million increase to the Revolving Loan Commitment; • the future ability to increase the maximum amount available to $1.25 billion , subject to the Company’s satisfaction of certain conditions; and • extended the maturity date to June 29, 2019, subject to an additional one -year extension at the Company’s option and subject to the satisfaction of certain conditions. For the period from January 2016 through December 2016 , the Company made draws of approximately $159.0 million and payments of $367.0 million under the Revolving Credit Facility through December 31, 2016 related to its borrowings on its loans denominated in a foreign currency. Additionally, from January 1, 2017 through March 28, 2017 , the Company made draws of approximately $38.0 million and payments of $10.0 million under the Revolving Credit Facility resulting in an outstanding principal balance of $642.0 million as of March 28, 2017 . 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 December 31, 2016. Principal Payments on Debt The Company is required to make the following principal payments on its outstanding notes payable for each of the years ending December 31, 2017 through December 31, 2021 and for the period thereafter. Amounts are in thousands: Payments due by Year 2017 2018 2019 2020 2021 Thereafter Principal payments $ 301,993 $ 515,915 $ 946,990 $ 212,979 $ 67,840 $ 170,000

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedges, Assets [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company has entered into several interest rate swap contracts and interest rate cap agreements as economic hedges against the variability of future interest rates on its variable interest rate borrowings. The Company’s interest rate swaps effectively fixed the interest rates on each of the loans to which they relate and the interest rate cap contracts have effectively limited the interest rate on the loans to which they relate. The Company has not designated any of these derivatives as hedges for accounting purposes. See Note 11 — Fair Value Measurements for additional information regarding the fair value of our interest rate contracts. The Company has also entered into foreign currency forward contracts as economic hedges against the variability of foreign exchange rates on future international investments. These forward contracts economically fixed the currency exchange rates on each of the investments to which they related. The Company did not designate any of these contracts as fair value or cash flow hedges for accounting purposes. See Note 11 — Fair Value Measurements for additional information regarding the fair value of our foreign currency forwards. The Company had only interest rate cap contracts active as of December 31, 2016 . The table below provides additional information regarding these interest rate cap contracts (in thousands, except percentages). Interest Rate Cap Contracts Property Effective Date Expiration Date Notional Amount (1) Interest Rate Received Pay Rate /Strike Rate Poland Logistics Portfolio August 2, 2012 June 30, 2017 $ 48,759 EURIBOR 2.00 % Poland Logistics Portfolio October 9, 2012 June 30, 2017 $ 10,173 EURIBOR 2.00 % Poland Logistics Portfolio June 30, 2017 June 28, 2019 $ 56,710 EURIBOR 2.00 % Mercedes Benz Bank March 11, 2013 March 31, 2018 $ 35,041 EURIBOR 1.50 % 465 Victoria February 29, 2016 November 30, 2018 $ 19,147 BBSW 2.50 % 825 Ann April 29, 2016 November 20, 2018 $ 29,160 BBSW 3.25 % New City April 11, 2013 May 6, 2013 March 16, 2018 $ 55,070 EURIBOR 2.50 % Perspective Defense July 25, 2013 July 25, 2019 $ 73,612 EURIBOR 2.00 % Fiege Mega Centre October 18, 2013 October 18, 2018 $ 23,924 EURIBOR 2.00 % 818 Bourke November 27, 2014 October 27, 2017 $ 31,577 BBSY 4.00 % Harder Logistics Portfolio March 31, 2015 March 31, 2018 $ 32,254 EURIBOR 1.50 % Harder Logistics Portfolio December 2, 2015 December 31, 2018 $ 40,049 EURIBOR 1.50 % (1) For notional amounts denominated in a foreign currency, amounts have been translated at a rate based on the exchange rate in effect on December 31, 2016 . The Company has not entered into any master netting arrangements with its third-party counterparties and does not offset on its consolidated balance sheets the fair value amounts recorded for derivative instruments. The table below presents the fair value of the Company’s derivative instruments included in “Assets—Derivative Instruments” and “Liabilities—Derivative Instruments” on the Company’s consolidated balance sheets, as of December 31, 2016 and December 31, 2015 (in thousands): Derivative Assets Derivative Liabilities December 31, December 31, December 31, December 31, Derivatives not designated as hedging instruments: Interest rate caps 40 675 — — Total derivatives $ 40 $ 675 $ — $ — The table below presents the effects of the changes in fair value of our derivative instruments in the Company’s consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2016 , 2015 and 2014 (in thousands): Gain (Loss) on Derivative Instruments Year Ended December 31, December 31, December 31, Derivatives not designated as hedging instruments: Interest rate swaps $ — $ 2,661 $ 4,122 Interest rate caps (689 ) (2,099 ) (4,131 ) Foreign currency forward contracts — — 7,331 Total gain (loss) on derivatives $ (689 ) $ 562 $ 7,322

Distributions

Distributions	12 Months Ended
	Dec. 31, 2016
Distributions [Abstract]
DISTRIBUTIONS	DISTRIBUTIONS The Company has declared distributions for the months of January 2014 through March 2017 at an amount equal to $0.0017808 per share, per day. Additionally, the Brindleyplace JV declared distributions in the amount of $3.6 million , $3.4 million and $4.3 million to Moorfield/Laser for the years ended December 31, 2016 , 2015 and 2014 , respectively, related to the operations of the Brindleyplace Project. The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for the years ended December 31, 2016 , 2015 and 2014 , 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 Years Ended Cash Distributions Distributions Reinvested Total Declared Total Declared December 31, 2016 $ 85,820 $ 94,003 $ 179,823 $ 5,691 December 31, 2015 $ 83,481 $ 93,812 $ 177,293 $ 4,221 December 31, 2014 $ 79,555 $ 91,530 $ 171,085 $ 4,668

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The table below outlines fees and expense reimbursements incurred that are payable by the Company to Hines and its affiliates for the years ended December 31, 2016 , 2015 and 2014 and amounts unpaid as of December 31, 2016 and 2015 (in thousands): Incurred During the Years Ended December 31, Unpaid as of December 31, Type and Recipient 2016 2015 2014 2016 2015 Selling Commissions- Dealer Manager $ — $ — $ 27,021 $ — $ — Dealer Manager Fee- Dealer Manager $ — $ — $ 9,334 — — Issuer Costs- the Advisor $ 41 $ 61 $ 1,975 8 — Acquisition Fee (1) - the Advisor and affiliates of Hines $ 191 $ 8,797 $ 18,188 191 — Asset Management Fee- the Advisor and affiliates of Hines $ 36,810 $ 35,725 $ 34,881 8,922 8,493 Disposition Fee- the Advisor $ 3,024 $ 309 $ 2,543 2,760 309 Other (2) $ 6,834 $ 6,768 $ 6,713 1,644 1,574 Property Management Fee- Hines $ 7,564 $ 7,518 $ 6,680 (46 ) (12 ) Development/ Construction Management Fee- Hines $ 757 $ 132 $ 2,556 246 27 Leasing Fee- Hines $ 4,584 $ 4,446 $ 2,138 3,455 3,417 Redevelopment Construction Management- Hines $ — $ — $ 9 — — Expense Reimbursement- Hines (with respect to management and operations of the Company’s properties) $ 11,835 $ 11,098 $ 10,777 734 661 Due to Affiliates $ 17,914 $ 14,469 (1) As described below, effective as of April 1, 2015, the Company, the Operating Partnership and the Advisor amended the Advisory Agreement in order to reduce the acquisition fee rate 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 Development In June 2012, the Company entered into a $3.2 million mezzanine loan commitment plus accrued interest to provide construction financing to the 1377 development, which was developed by an affiliate of Hines. 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 1377 development and the mezzanine loan. The WaterWall Place JV In December 2011, a wholly-owned subsidiary of the Operating Partnership entered into a Limited Partnership Agreement with an affiliate of Hines for the formation of the WaterWall Place JV, for the purpose of developing a multi-family project in Houston, Texas. Hines serves as the initial general partner and as the development partner and the subsidiary of the Operating Partnership is the initial limited partner. The Company has a 93% interest in this joint venture. An affiliate of Hines owns the remaining 7% interest in this joint venture. The Aviva Coral Gables JV In July 2012, a wholly-owned subsidiary of the Operating Partnership entered into a Limited Partnership Agreement with an affiliate of Hines for the formation of Hines Ponce & Bird Holdings LP, a Delaware limited liability company, for the purpose of developing a multi-family project in Miami, Florida. Hines serves as the initial general partner and as the development partner and the subsidiary of the Operating Partnership is the initial limited partner. Hines owns a 17% interest in the joint venture and the Company owns the remaining 83% interest through its subsidiary. As compensation for providing development management services, Hines will be paid a fee equal to 4% of the development project costs. In addition, subject to certain return thresholds being achieved, the Aviva Coral Gables JV agreement provides that Hines may receive certain incentive distributions in the event the multi-family project is liquidated. The project was completed in April 2015 . Hines did not receive any incentive distributions as of December 31, 2016. Dealer Manager Agreement In connection with the Company’s two prior public offerings of primary shares, the second of which closed in April 2014, the Dealer Manager received a selling commission of up to 7.5% of gross offering proceeds and a dealer manager fee of up to 2.5% of gross offering proceeds, both of which were recorded as an offset to additional paid-in-capital in the Company’s financial statements. Pursuant to separately negotiated agreements, the Dealer Manager reallowed up to 7.0% of gross proceeds as a selling commission and up to 1.5% of gross proceeds from its dealer manager fee as a marketing fee to broker-dealers participating in the Company’s public offerings. The Dealer Manager paid broker-dealers up to an additional 1.0% of the gross offering proceeds as reimbursements for distribution and marketing-related costs and expenses. No selling commissions or dealer manager fees were or will be paid for sales under the Company’s distribution reinvestment plan. Advisory Agreement Pursuant to the Advisory Agreement, the Company is required to pay the following fees and expense reimbursements: Acquisition Fee – Prior to April 2012, the Advisor received an acquisition fee equal to 2.0% of (i) the purchase price of each real estate investment the Company acquired or originated, including any debt attributable to such investments or the principal amounts of any loans originated directly by the Company and (ii) with respect to indirect investments through another entity, such entity’s pro rata share of the gross asset value of all real estate investments held by such entity. In March 2012, the Advisory Agreement was amended to increase the acquisition fee to 2.25% of these amounts. Effective as of April 1, 2015, the Advisory Agreement was further amended in order to reduce the acquisition fee paid to the Advisor from 2.25% to 0.50% of these amounts. Asset Management Fee – The Advisor receives an asset management fee equal to 0.125% per month of the net equity capital invested by the Company in real estate investments as of the end of each month. The Advisor agreed to waive asset management fees otherwise payable to it for the years ended December 31, 2015 and 2014, respectively, to the extent that our modified funds from operations (“MFFO”) for the years ended December 31, 2014 and 2015, as disclosed in our Annual Report on Form 10-K for such years, amounted to less than 100% of the aggregate distributions declared to our stockholders for such years. However, because MFFO exceeded distributions declared to the Company’s stockholders for the years ended December 31, 2015 and 2014, the Advisor did not waive any asset management fees. During the years ended December 31, 2016 , 2015 and 2014 , the Company incurred asset management fees of $36.8 million , $35.7 million and $34.9 million , respectively. Disposition Fee – The Advisor or its affiliates also will be paid a disposition fee of 1.0% of the sales price of any real estate investments sold or 1.0% of the Company’s pro rata share of the sales price with respect to the Company’s indirect investments. For the year ended December 31, 2014 , the Company incurred $2.5 million in disposition fees as a result of its dispositions of 144 Montague and Stonecutter Court. For the year ended December 31, 2015 , the Company incurred $0.3 million in disposition fees as a result of its disposition of 17600 Gillette. For the year ended December 31, 2016 , the Company incurred $3.0 million in disposition fees as a result of its disposition of 1377 and Komo Plaza. The Company’s disposition fee related to the sale of Komo Plaza is included in the Gain (loss) on sale of real estate investments in the Consolidated Statement of Operations and Comprehensive Income (loss). The disposition fee on the sale of 1377 is included in Other Income (loss) on the Consolidated Statement of Operations and Comprehensive Income (loss), as the sale was made through the Company’s equity method investment. Special OP Units – Hines Global REIT Associates Limited Partnership, an affiliate of Hines, owns the special units of the Operating Partnership (“Special OP Units”), which entitle them to receive distributions in an amount equal to 15% of distributions, including from sales of real estate investments, refinancings and other sources, but only after the Company’s stockholders have received, or are deemed to have received, in the aggregate, cumulative distributions equal to their invested capital plus an 8.0% cumulative, non-compounded annual pre-tax return on such invested capital. At the sole discretion of the Advisor, the acquisition fees, asset management fees, debt financing fees and disposition fees are payable, in whole or in part, in cash or units of the Operating Partnership (“OP Units”). For the purposes of the payment of these fees, each OP Unit will be valued at the per-share offering price of the Company’s common stock in its most recent public offering less selling commissions and dealer manager fees. Upon the Advisor’s request, each OP unit can be repurchased for cash or can be converted into one share of the Company’s common stock. The decision to redeem each OP unit for cash or shares is at the Company’s option except in certain circumstances such as the Company’s decision to list its shares on a national securities exchange, a liquidation event or upon termination or nonrenewal of the Advisory Agreement for any reason other than by the Advisor. The Company will recognize the expense related to these OP Units as the related service is performed, as each OP Unit will be fully vested upon issuance. The Company reimburses the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse the Advisor for any amount by which its operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of: (A) 2% of its average invested assets, or (B) 25% of its net income determined without reduction for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company’s assets for that period. Notwithstanding the above, the Company may reimburse the Advisor for expenses in excess of this limitation if a majority of the independent directors determines that such excess expenses are justified. In addition, as described in Note 2 – Summary of Significant Accounting Policies – Issuer Costs, the Company reimburses the Advisor for any issuer costs paid on its behalf. However, the total compensation related to issuer costs, selling commissions and dealer manager fees may not exceed 15% of gross proceeds from the Company’s public offerings. Property Management and Leasing Agreements The Company pays Hines fees for the management and leasing of some of its properties. Property management fees are equal to a market-based percentage of the gross revenues of the properties managed by Hines or the amount of property management fees recoverable from tenants of the properties managed by Hines under their leases. In addition, if Hines provides leasing services with respect to a property, the Company will pay Hines leasing fees which are usual and customary for that type of property in that geographic area. The Company generally will be required to reimburse Hines for certain operating costs incurred in providing property management and leasing services pursuant to the property management and leasing agreements. Included in this reimbursement of operating costs will be the cost of personnel and overhead expenses related to such personnel located at the property as well as off-site personnel located in Hines’ headquarters and regional offices, to the extent the same relate to or support the performance of Hines’ duties under the agreement. Hines may perform construction management services for the Company for both re-development activities and tenant construction. These fees are considered incremental to the construction effort and will be capitalized to the associated real estate project as incurred. Costs related to tenant construction will be depreciated over the estimated useful life. Costs related to redevelopment activities will be depreciated over the estimated useful life of the associated project. Leasing activities will generally be performed by Hines on the Company’s behalf. Leasing fees will be capitalized and amortized over the life of the related lease. Generally, as compensation for providing development management services, Hines will be paid a fee equal to 3% of the development project costs and as compensation for providing construction management services, an affiliate of Hines also will be paid a contractor’s fee of 5% of the total construction costs of the project.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2016
Noncontrolling Interest [Abstract]
NONCONTROLLING INTERESTS	NONCONTROLLING INTERESTS In December 2012, the Brindleyplace JV issued 2.5 million Series B3 Convertible Preferred Equity Certificates (“CPEC”) to Moorfield as a result of their £2.5 million contribution ( $4.1 million based on the exchange rate in effect on the date of contribution). Each CPEC is convertible into one capital share of the Brindleyplace JV at any time. The CPECs may be redeemed at the option of the Brindleyplace JV any time prior to the earlier of the liquidation of the Brindleyplace Project or their expiration on July 7, 2059 . If redeemed, they will be redeemed at a price of £1 per CPEC, plus any accrued and unpaid distributions thereon. However, the Brindleyplace JV may elect to satisfy any redemption request through the issuance of one capital share per CPEC. In December 2013, the Brindleyplace JV issued 1.2 million Series B3 CPEC to Moorfield as a result of their £1.2 million contribution ( $2.0 million based on the exchange rate in effect on the date of contribution). In December 2014, the Brindleyplace JV issued 1.3 million Series B3 CPEC to Moorfield as a result of their £1.3 million contribution ( $2.0 million based on the exchange rate in effect on the date of contribution). In February 2017, all of the outstanding CPECs were redeemed upon the sale of the Brindleyplace Project. Distributions are declared and paid quarterly to Moorfield/Laser based on the distributable income of the Brindleyplace Project and payment of the distributions will be subject to the approval of the board of directors of the Brindleyplace JV. During the years ended December 31, 2016 , 2015 and 2014 , respectively, the Brindleyplace JV declared $3.6 million , $3.4 million and $4.3 million of preferred dividends to Moorfield/Laser related to the CPECs. These amounts were included in the net (income) loss attributable to noncontrolling interests in the accompanying consolidated statements of operations and comprehensive income (loss) and offsets net income of $2.1 million and $2.3 million and $1.5 million that was attributable to Moorfield/Laser during the years ended December 31, 2016 , 2015 and 2014 , respectively, related to the results of operations of the Brindleyplace JV. During the year ended December 31, 2014 the noncontrolling interest partner in the Flagship JV, contributed $0.4 million respectively to the Flagship Capital JV. In accordance with the partnership agreement that governs the joint venture, distributions are declared and paid when the joint venture has available cash (all cash held by the joint venture less what is reasonably needed to reserve or satisfy cash needs) with respect to an investment made by the joint venture. The Flagship Capital JV declared distributions to the noncontrolling interest partner for the years ended December 31, 2016 , 2015 and 2014 of $1.2 million , $0.2 million , and $0.3 million , respectively. See Note 1 — Organization for additional information regarding the Flagship Capital JV. During the year ended December 31, 2015 , the noncontrolling interest partner contributed $1.0 million to the Aviva Coral Gables JV, for the funding of the repayment of the construction loan to Hines. The Aviva Coral Gables JV declared distributions to the noncontrolling interest partner for the years ended December 31, 2016 and 2015 of $0.6 million and $0.2 million , respectively. See Note 1 — Organization for additional information regarding the Aviva Coral Gables JV. During the year ended December 31, 2014 , the noncontrolling interest partner, an affiliate of Hines, contributed $1.5 million to the WaterWall Place JV, for the funding of the repayment of the construction loan to Hines. The WaterWall Place JV declared distributions to the noncontrolling interest partner for the years ended December 31, 2016 and 2015 of $0.3 million and $0.3 million , respectively. See Note 1 — Organization for additional information regarding the WaterWall Place JV.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access. Fair values determined by Level 2 inputs utilize inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices observable for the asset or liability, such as interest rates and yield curves observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In instances in which the inputs used to measure fair value may fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest level input significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Financial Instruments Measured on a Recurring Basis As described in Note 7 – Derivative Instruments, the Company entered into several interest rate contracts as economic hedges against the variability of future interest rates on its variable interest rate borrowings. The valuation of these derivative instruments is determined based on assumptions that management believes market participants would use in pricing, using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate contracts have been determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Although the Company has determined the majority of the inputs used to value its interest rate contracts fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties, Landesbank Baden-Württemberg, Commonwealth Bank of Australia, Deutsche Pfandbriefbank AG, Crédit Agricole, SMBC Capital Markets, ING Capital Markets, and the Australia and New Zealand Banking Group Limited. In adjusting the fair values of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds and guarantees. However, as of December 31, 2016 and 2015 , the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuations of its derivatives. As a result, the Company has determined its derivative valuations are classified in Level 2 of the fair value hierarchy. The following table sets forth the Company’s derivatives which are measured at fair value on a recurring basis, by level within the fair value hierarchy as of December 31, 2016 and December 31, 2015 (all amounts are in thousands): Basis of Fair Value Measurements Period Fair Value of Assets (Liabilities) Quoted Prices In Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 Interest rate caps $ 40 $ — $ 40 $ — December 31, 2015 Interest rate caps $ 675 $ — $ 675 $ — Financial Instruments Fair Value Disclosures As of December 31, 2016 , the Company estimated that the fair value of its notes payable, which had a book value (excluding any unamortized discount or premium and deferred financing costs) of $2.2 billion , was $2.2 billion . As of December 31, 2015 , the Company estimated that the fair value of its notes payable, which had a book value (excluding any unamortized discount or premium) of $2.6 billion , was $2.6 billion . Management has utilized available market information, such as interest rate and spread assumptions of notes payable with similar terms and remaining maturities, 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 December 31, 2016 and 2015 , the Company has assessed the significance of the impact of the credit quality adjustments on the overall valuations of its fair market value of notes payable and has determined that they are not significant. As a result, the Company has determined these financial instruments utilize Level 2 inputs. Since such amounts are estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed values could be realized. As of December 31, 2016 and 2015 , the Company estimated that the book values of its real estate loans receivable approximated their fair values. Management has utilized available market information, such as interest rate and spread assumptions of loans receivable with similar terms and remaining maturities, to estimate the amounts required to be disclosed. 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 December 31, 2016 and 2015 , the Company has assessed the significance of the impact of the credit quality adjustments on the overall valuations of its fair market value of 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, 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 inputs are utilized to estimate the fair value of the cash and cash equivalents and restricted cash and Level 2 inputs are utilized to estimate the fair value of the remaining 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 fair value methodologies used to measure long-lived assets are described in Note 2 — Summary of Significant Accounting Policies — Investment Property and Lease Intangibles. The inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy. There were no events during the years ended December 31, 2016 , 2015 and 2014 which indicated that fair value adjustments of our long-lived assets were necessary.

Reportable Segments

Reportable Segments	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
REPORTABLE SEGMENTS	REPORTABLE SEGMENTS The Company’s real estate investments 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. • Domestic office investments ( 11 investments) • Domestic other investments ( 8 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 income (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 are in thousands, except for percentages): Years Ended December 31, 2016 2015 2014 Total Revenue Domestic office investments $ 177,048 $ 168,962 $ 145,941 Domestic other investments 123,384 119,083 104,753 International office investments 110,308 123,010 140,119 International other investments 67,168 65,818 65,451 Total Revenue $ 477,908 $ 476,873 $ 456,264 For the years ended December 31, 2016 , 2015 and 2014 , the Company’s total revenue was attributable to the following countries: Years Ended December 31, 2016 2015 2014 United States 62 % 60 % 55 % United Kingdom 15 % 17 % 19 % Australia 7 % 8 % 8 % Poland 5 % 5 % 7 % Russia 3 % 3 % 5 % France 3 % 3 % 3 % Germany 5 % 4 % 3 % For the years ended December 31, 2016 , 2015 and 2014 , the Company’s property revenues in excess of expenses by segment was as follows: Years Ended December 31, 2016 2015 2014 Property revenues in excess of expenses (1) Domestic office investments $ 113,763 $ 107,116 $ 91,932 Domestic other investments 78,729 76,835 67,297 International office investments 85,986 97,644 114,586 International other investments 47,181 45,608 45,348 Total property revenues in excess of expenses $ 325,659 $ 327,203 $ 319,163 (1) Revenues less property operating expenses, real property taxes and property management fees. For the years ended December 31, 2016 and 2015 , the Company’s total assets by segment was as follows: Years Ended December 31, 2016 2015 Total Assets Domestic office investments $ 1,454,943 $ 1,503,926 Domestic other investments 901,120 1,082,241 International office investments 1,003,616 1,090,483 International other investments 584,726 650,168 Corporate-level accounts 44,027 46,128 Total Assets $ 3,988,432 $ 4,372,946 For the years ended December 31, 2016 and 2015 , the Company’s total assets were attributable to the following countries: Years Ended December 31, 2016 2015 United States 59 % 60 % United Kingdom 15 % 16 % Australia 8 % 7 % Poland 6 % 6 % Russia 2 % 1 % France 3 % 3 % Germany 7 % 7 % For the years ended December 31, 2016 , 2015 and 2014 the Company’s reconciliation to the Company’s property revenues in excess of expenses is as follows: Years Ended December 31, 2016 2015 2014 Reconciliation to property revenues in excess of expenses Net income (loss) 157,227 (4,954 ) 10,842 Depreciation and amortization 174,110 186,965 193,870 Acquisition related expenses 372 10,472 29,278 Asset management and acquisition fees 37,001 44,522 53,069 General and administrative expenses 11,149 8,597 6,782 (Gain) loss on derivatives 689 (562 ) (7,322 ) Equity in (earnings) losses of unconsolidated entity (7,504 ) — — (Gain) loss on sale of real estate investments (127,294 ) (14,684 ) (64,003 ) Foreign currency (gains) losses 8,240 21,468 13,074 Interest expense 64,473 71,288 78,273 Interest income (130 ) (427 ) (506 ) Benefit provision for income taxes 7,326 4,518 5,806 Total property revenues in excess of expenses $ 325,659 $ 327,203 $ 319,163

Supplemental Cash Flow Disclosu

Supplemental Cash Flow Disclosures	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Supplemental cash flow disclosures for the years ended December 31, 2016 , 2015 , and 2014 (in thousands): 2016 2015 2014 Supplemental Disclosure of Cash Flow Information Cash paid for interest $ 59,612 $ 66,704 $ 66,592 Cash paid for income taxes $ 7,634 $ 6,696 $ 4,161 Supplemental Schedule of Non-Cash Activities Distributions declared and unpaid $ 21,178 $ 19,837 $ 17,558 Other receivables $ — $ 5 $ — Distributions reinvested $ 94,071 $ 93,785 $ 90,198 Shares tendered for redemption $ 4,987 $ 5,245 $ 5,505 Non-cash net liabilities acquired $ 7,965 $ 10,516 $ 2,737 Accrued additions to investment property $ 2,602 $ 883 $ 2,373

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 December 31, 2016 , $8.6 million of the Company’s commitment remained unfunded and is recorded in accounts payable and accrued expenses in the accompanying consolidated balance sheet. 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 December 31, 2016 , $10.9 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 consolidated financial statements.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Data [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) The following table presents selected unaudited quarterly financial data for each quarter during the years ended December 31, 2016 and 2015 (in thousands except per share amounts): Quarters Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Revenues $ 118,936 $ 121,637 $ 121,854 $ 115,481 Gain (loss) on sale of real estate investments $ — $ — $ — $ 127,294 Net income (loss) $ 6,476 $ 9,155 $ 12,368 $ 129,228 Net (income) loss attributable to noncontrolling interests $ (1,286 ) $ (1,645 ) $ (2,160 ) $ (1,086 ) Net income (loss) attributable to common stockholders $ 5,190 $ 7,510 $ 10,208 $ 128,142 Income (loss) per common share, basic and diluted $ 0.02 $ 0.03 $ 0.04 $ 0.46 Quarters Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Revenues $ 113,079 $ 119,683 $ 119,533 $ 124,578 Gain (loss) on sale of real estate investments $ (1,127 ) $ — $ 55 $ 15,756 Net income (loss) $ (13,908 ) $ (420 ) $ 2,153 $ 7,221 Net (income) loss attributable to noncontrolling interests $ (1,170 ) $ (2,063 ) $ (1,086 ) $ (1,358 ) Net income (loss) attributable to common stockholders $ (15,078 ) $ (2,483 ) $ 1,067 $ 5,863 Income (loss) per common share, basic and diluted $ (0.06 ) $ (0.01 ) $ — $ 0.02

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Brindleyplace Project In February 2017 , the Brindleyplace JV, in which the Company owns a 60% interest, sold the Brindleyplace Project for a contract sales price of £260.0 million (approximately $325.1 million based on an exchange rate of $1.25 per GBP as of the transaction date). The Brindleyplace JV acquired the property in July 2010 for £186.2 million (approximately $282.5 million based on an exchange rate of $1.52 per GBP as of the transaction date). *****

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts Description Balance at the Beginning of the Period Charged to Costs and Expenses Deductions (a) Balance at the End of the Period (amounts in thousands) Allowance for Doubtful Accounts as of December 31, 2016 $ 1,666 $ 1,091 $ (249 ) $ 2,508 Allowance for Doubtful Accounts as of December 31, 2015 $ 1,872 $ 558 $ (764 ) $ 1,666 Allowance for Doubtful Accounts as of December 31, 2014 $ 2,011 $ 841 $ (980 ) $ 1,872 (a) Write-offs of accounts receivable previously reserved.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate Assets and Accumulated Depreciation	Schedule III — Real Estate Assets and Accumulated Depreciation December 31, 2016 Initial Cost (b) Gross Amount at Which Carried at 12/31/2016 Description (a) Location Encumbrances Land Buildings and Improvements Total Costs Capitalized Subsequent to Acquisition (c) Land Buildings and Improvements Total (d) Accumulated Depreciation (e) Date of Construction Date Acquired Brindleyplace Project Birmingham, United Kingdom 149,343 — 207,592 207,592 (20,968 ) — 186,624 186,624 (29,319 ) 1997 - 2000 July - 10 Hock Plaza Durham, North Carolina — 1,220 69,704 70,924 15 1,220 69,719 70,939 (11,005 ) 2004 September - 10 Southpark Austin, Texas — 3,920 20,507 24,427 — 3,920 20,507 24,427 (3,180 ) 2001 October - 10 Fifty South Sixth Minneapolis, Minnesota 125,000 1,390 134,262 135,652 1,599 1,390 135,861 137,251 (20,848 ) 2001 November - 10 FM Logistic Moscow, Russia — 5,320 51,588 56,908 (30,624 ) 2,445 23,839 26,284 (3,390 ) 1998 - 2004 April - 11 Gogolevsky 11 Moscow, Russia — — 85,126 85,126 (44,354 ) — 40,772 40,772 (6,198 ) 1996 August - 11 250 Royall Canton, Massachusetts — 8,910 22,860 31,770 — 8,910 22,860 31,770 (3,035 ) 2005 September - 11 Campus at Marlborough Marlborough, Massachusetts — 23,790 54,230 78,020 1,464 23,310 56,174 79,484 (7,218 ) 1999 October - 11 9320 Excelsior Hopkins, Minnesota — 2,730 51,110 53,840 — 2,730 51,110 53,840 (6,406 ) 2010 December - 11 WaterWall Place Houston, Texas 44,897 8,229 54,825 63,054 163 8,229 54,988 63,217 (4,452 ) 2012 December - 11 Aviva Coral Gables Miami, Florida 42,693 12,112 48,892 61,004 1,037 12,326 49,715 62,041 (2,764 ) 2012 July - 12 Poland Logistics Portfolio Upper Silesia, Warsaw and Wroclaw, Poland 64,294 25,893 97,627 123,520 (26,735 ) 19,341 77,444 96,785 (8,907 ) 1995 - 2009 March - 12 & October - 12 100 Brookes St. Brisbane, Australia 31,109 8,600 41,404 50,004 (14,496 ) 6,089 29,419 35,508 (3,280 ) 2008 July - 12 Minneapolis Retail Center Minneapolis, Minnesota 65,500 30,792 78,711 109,503 8,863 30,792 87,574 118,366 (8,847 ) 1974 August - 12 & December - 12 550 Terry Francois San Francisco, California — 41,270 109,760 151,030 10 41,270 109,770 151,040 (11,938 ) 2002 August - 12 Mercedes Benz Bank Stuttgart, Germany 35,041 11,953 47,643 59,596 (11,974 ) 9,286 38,336 47,622 (3,644 ) 2003 February - 13 One Westferry Circus London, England 59,213 — 48,874 48,874 (8,240 ) — 40,634 40,634 (3,925 ) 1992 February - 13 465 Victoria Sydney, Australia 38,293 26,566 48,788 75,354 (21,265 ) 18,668 35,421 54,089 (3,320 ) 1995 February - 13 Riverside Center Boston, Massachusetts — 45,888 125,014 170,902 288 45,888 125,302 171,190 (11,814 ) 2000 March - 13 New City Warsaw, Poland 73,612 — 115,208 115,208 (25,631 ) — 89,577 89,577 (8,424 ) 2010 March - 13 825 Ann Brisbane, Australia 58,320 20,669 83,802 104,471 (31,554 ) 14,408 58,509 72,917 (5,361 ) 2013 April - 13 The Campus at Playa Vista Los Angeles, California 150,000 41,160 125,567 166,727 56 41,160 125,623 166,783 (11,612 ) 2009-2010 May - 13 Perspective Defense Paris, France 73,612 29,039 109,704 138,743 (26,887 ) 23,293 88,563 111,856 (7,939 ) 2007 June - 13 The Markets at Town Center Jacksonville, Florida — 52,130 76,067 128,197 6 52,130 76,073 128,203 (6,550 ) 2009 July - 13 The Avenue at Murfreesboro Nashville, Tennessee — 54,940 71,990 126,930 26 54,940 72,016 126,956 (6,102 ) 2007 August - 13 2300 Main Irvine, California — 3,570 27,940 31,510 — 3,570 27,940 31,510 (2,335 ) 2002 August - 13 Fiege Mega Centre Erfurt, Germany 23,924 10,107 36,005 46,112 (10,502 ) 7,771 27,839 35,610 (2,223 ) 1995 October - 13 55 M Street Washington, D.C. 72,000 24,810 85,277 110,087 534 24,810 85,811 110,621 (6,600 ) 2009 December - 13 The Rim San Antonio, Texas — 102,170 150,321 252,491 3,174 102,170 153,495 255,665 (8,311 ) 2006-2014 February - 14, April - 15, December - 15, & December - 16 Initial Cost (b) Gross Amount at Which Carried at 12/31/2016 Description (a) Location Encumbrances Land Buildings and Improvements Total Costs Capitalized Subsequent to Acquisition (c) Land Buildings and Improvements Total (d) Accumulated Depreciation (e) Date of Construction Date Acquired 25 Cabot Square London, England 152,658 — 165,121 165,121 (33,930 ) — 131,191 131,191 (8,520 ) 1991 March - 14 Simon Hegele Logistics Forchheim, Germany 37,167 13,245 56,428 69,673 (13,149 ) 10,716 45,808 56,524 (2,679 ) 2012-2014 June - 14 & January - 15 818 Bourke Melbourne, Australia 62,254 36,487 82,867 119,354 (21,720 ) 29,516 68,118 97,634 (3,692 ) 2008 October - 14 The Summit Bellevue, Washington 170,000 68,090 217,974 286,064 674 68,090 218,648 286,738 (10,112 ) 2002, 2005 March - 15 Harder Logistics Portfolio Nuremberg, Karlsdorf, and Duisburg, Germany 72,275 16,362 89,368 105,730 (2,815 ) 15,921 86,994 102,915 (2,990 ) 2003, 2010, 2015 April - 15 & December - 15 $ 1,601,205 $ 731,362 $ 2,892,156 $ 3,623,518 $ (326,935 ) $ 684,309 $ 2,612,274 $ 3,296,583 $ (246,940 ) (a) Assets consist of quality office, mixed-use and retail properties, industrial/distribution facilities and multi-family development. (b) Components of initial cost for properties acquired using a foreign currency were converted using the currency exchange rate as of the date of acquisition. (c) Includes the effect of changes in the exchange rate between the date of acquisition and December 31, 2016 for properties that are denominated in a foreign currency. (d) The aggregate cost for federal income tax purposes is $3.4 billion as of December 31, 2016 . (e) Real estate assets are depreciated or amortized using the straight-line method over the useful lives of the assets by class. The estimated useful lives for computing depreciation are generally 10 years for furniture and fixtures, 15 - 20 years for electrical and mechanical installations and 40 years for buildings. The changes in total real estate assets for the years ended December 31, (in thousands): 2016 2015 2014 Gross real estate assets Balance, beginning of period $ 3,468,188 $ 3,103,520 $ 2,894,264 Additions during the period: Acquisitions 34,396 479,628 484,499 Other additions 20,154 10,905 45,879 Disposals of fully-depreciated assets (132 ) (38 ) (23 ) Costs of real estate sold (135,519 ) (10,101 ) (139,539 ) Effect of changes in foreign currency exchange rates (90,504 ) (115,726 ) (181,560 ) Balance, end of period $ 3,296,583 $ 3,468,188 $ 3,103,520 Accumulated Depreciation Balance, beginning of period $ (200,311 ) $ (138,821 ) $ (94,414 ) Depreciation (69,805 ) (68,722 ) (64,846 ) Effect of changes in foreign currency exchange rates 8,562 6,184 9,573 Disposals of fully-depreciated assets 132 38 23 Retirement or sales of assets 14,482 1,010 10,843 Balance, end of period $ (246,940 ) $ (200,311 ) $ (138,821 )

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	Schedule IV — Mortgage Loans on Real Estate December 31, 2016 (amounts in thousands) Description Location Interest Rate Final Maturity Date Periodic Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages (a) Construction Loans: Office Finesilver San Antonio, TX 6.45 % 7/31/2017 Monthly interest- only payments for first year; then amortizes based on a 25-year amortization schedule. — 7,233 6,271 Shopping Centers Randalls Pasadena and Friendswood, TX 6.25 % 7/28/2017 Monthly interest- only payments for first 18-months; then amortizes based on a 25-year amortization schedule. — 10,939 8,953 $ — $ 18,172 $ 15,224 (a) The aggregate cost for federal income tax purposes is $15.2 million as of December 31, 2016 . Changes in mortgage loans on real estate are summarized below (in thousands): 2016 2015 2014 Balance at beginning of period $ 55,408 $ 75,040 $ 43,591 Additions during period: New loans — — 45,680 Additional advances on existing loans 6,073 13,183 4,736 Interest income added to principal 694 754 525 Deductions during period: Collection of principal (46,951 ) (33,569 ) (19,492 ) Balance at close of period $ 15,224 $ 55,408 $ 75,040

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the consolidated financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities and contingencies as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The Company evaluates its assumptions and estimates on an ongoing basis. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. Additionally, application of the Company’s accounting policies involves exercising judgments regarding assumptions as to future uncertainties. Actual results may differ from these estimates under different assumptions or conditions.
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company include the accounts of Hines Global REIT, Inc., the Operating Partnership and its wholly-owned subsidiaries and the joint ventures as well as amounts related to noncontrolling interests. All intercompany balances and transactions have been eliminated in consolidation. The Company evaluates the need to consolidate joint ventures in accordance with GAAP. In accordance with GAAP, the Company will consolidate joint ventures that are determined to be variable interest entities for which it is the primary beneficiary. Further, partially owned real estate joint ventures over which the Company has a controlling financial interest are consolidated in its financial statements. In determining if the Company has a controlling financial interest, it considers factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Management continually analyzes and assesses reconsideration events, including changes in these factors, to determine if the consolidation treatment remains appropriate. Partially owned real estate joint ventures where the Company does not have a controlling financial interest, but has the ability to exercise significant influence, are accounted for using the equity method. The Company’s investments in partially owned real estate joint ventures are reviewed for impairment periodically if events or circumstances change indicating that the carrying amount of its investments may not be recoverable. In such an instance, the Company will record an impairment charge if it determines that a decline in the value of an investment below its fair value is other than temporary. The Company’s analysis will be dependent on a number of factors, including the performance of each investment, current market conditions, and its intent and ability to hold the investment to full recovery. Based on the Company’s analysis of the facts and circumstances at each reporting period, no impairment was recorded related to its investments in unconsolidated, partially owned real estate joint ventures for the years ended December 31, 2016 , 2015 or 2014 . However, if market conditions deteriorate in the future and result in lower valuations or reduced cash flows of the Company’s investments, impairment charges may be recorded in future periods.
Reclassification	Reclassifications In connection with the recent amendments to the ASC, which are described below, issued by the FASB regarding the presentation of restricted cash in the cash flow statement, the Company reclassified $19.8 million and $20.0 million of restricted cash from investing activities on the cash flow statement to the cash, cash equivalents, and restricted cash balances in 2015 and 2014, respectively, to be consistent with the 2016 presentation.
International Operations	International Operations The British pound (“GBP”) is the functional currency for the Company’s subsidiaries operating in the United Kingdom, the Russian rouble (“RUB”) is the functional currency for the Company’s subsidiaries operating in Russia, the Polish zloty (“PLN”) is the functional currency for the Company’s subsidiaries operating in Poland, the Australian dollar (“AUD”) is the functional currency for the Company’s subsidiaries operating in Australia and the Euro (“EUR”) is the functional currency for the Company’s subsidiaries operating in Germany and France. These subsidiaries have translated their financial statements into U.S. dollars for reporting purposes. Assets and liabilities are translated at the exchange rate in effect as of the balance sheet date while income statement accounts are translated using the average exchange rate for the period and significant nonrecurring transactions using the rate on the transaction date. Gains or losses resulting from translation are included in accumulated other comprehensive income (loss) within stockholders’ equity. Foreign currency transaction gains and losses are recorded in foreign currency gains (losses) on the consolidated statement of operations and result from the effect of changes in exchange rates on transactions denominated in currencies other than a subsidiary’s functional currency, including transactions between consolidated subsidiaries. An exception is made where an intercompany loan or advance is deemed to be of a long-term investment nature, in which instance foreign currency transaction gains or losses are included as currency translation adjustments and are reported in the consolidated statement of equity as accumulated other comprehensive gains or losses.
Investment Property and Lease Intangibles	Investment Property and Lease Intangibles Real estate assets acquired by the Company are stated at fair value at the date of acquisition less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 years for furniture and fixtures, 15 - 20 years for electrical and mechanical installations and 40 years for buildings. Major replacements that extend the useful life of the assets are capitalized and maintenance and repair costs are expensed as incurred. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, are recorded at the estimated fair values of the assets acquired and liabilities assumed. The results of operations of acquired properties are included in the Company’s results of operations from their respective dates of acquisition. Estimates of fair values are based upon estimates of future cash flows and other valuation techniques that the Company believes are similar to those used by market participants and are used to record the purchase of identifiable assets acquired, such as land, buildings and improvements, equipment and identifiable intangible assets related to in-place leases and liabilities assumed, such as amounts related to acquired out-of-market leases, asset retirement obligations, mortgage notes payable. Values of buildings and improvements are determined on an as if vacant basis. Initial valuations are subject to change until such information is finalized, no later than 12 months from the acquisition date. Acquisition-related costs such as transaction costs and acquisition fees paid to the Advisor are expensed as incurred. The estimated fair value of acquired in-place leases are the costs the Company would have incurred to lease the properties to the occupancy level of the properties at the date of acquisition. Such estimates include the fair value of leasing commissions, legal costs and other direct costs that would be incurred to lease the properties to such occupancy levels. Additionally, the Company evaluates the time period over which such occupancy levels would be achieved. Such evaluation will include an estimate of the net market-based rental revenues and net operating costs (primarily consisting of real estate taxes, insurance and utilities) that would be incurred during the lease-up period. Acquired in-place leases as of the date of acquisition are amortized over the remaining lease terms. Should a tenant terminate its lease, the unamortized portion of the in-place lease value is charged to amortization expense. Acquired out-of-market lease values (including ground leases) are recorded based on the present value (using a discount rate that reflects the risks associated with the lease acquired) of the difference between the contractual amounts paid pursuant to the in-place leases and management’s estimate of fair market value lease rates for the corresponding in-place leases. The capitalized out-of-market lease values are amortized as adjustments to rental revenue (or ground lease expense, as applicable) over the remaining terms of the respective leases, which include periods covered by bargain renewal options. Should a tenant terminate its lease, the unamortized portion of the out-of-market lease value is charged to rental revenue. Management estimates the fair value of assumed mortgage notes payable based upon indications of then-current market pricing for similar types of debt with similar maturities. Assumed mortgage notes payable are initially recorded at their estimated fair value as of the assumption date, and the difference between such estimated fair value and the outstanding principal balance of the note will be amortized over the life of the mortgage note payable.
Impairment of Investment Property	Real estate assets are reviewed for impairment each reporting period if events or changes in circumstances indicate that the carrying amount of the individual property may not be recoverable. In such an event, a comparison will be made of the current and projected operating cash flows and expected proceeds from the eventual disposition of each property on an undiscounted basis to the carrying amount of such property. If the carrying amount exceeds the undiscounted cash flows, it would be written down to the estimated fair value to reflect impairment in the value of the asset. The determination of whether investment property is impaired requires a significant amount of judgment by management and is based on the best information available to management at the time of the evaluation.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term, highly liquid investments that are readily convertible to cash with an original maturity of three months or less at the time of purchase to be cash equivalents.
Restricted Cash	Restricted Cash The Company has restricted cash primarily related to certain escrow accounts required by several of the Company’s mortgage agreements.
Concentration of Credit Risk	Concentration of Credit Risk As of December 31, 2016 , the Company had cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels. Management regularly monitors the financial stability of these financial institutions in an effort to manage the Company’s exposure to any significant credit risk in cash and cash equivalents or restricted cash.
Tenant and Other Receivables	Tenant and Other Receivables Receivable balances consist primarily of base rents, tenant reimbursements and receivables attributable to straight-line rent. An allowance for the uncollectible portion of tenant and other receivables is determined based upon an analysis of the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located.
Deferred Leasing and 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 presented as an asset for revolving credit arrangements. In total, deferred financing costs (net of amortization) were $10.8 million and $15.6 million as of December 31, 2016 and 2015 . These costs are amortized into interest expense on a straight-line basis, which approximates the effective interest method, over the terms of the obligations. Deferred Leasing Costs Direct leasing costs, primarily consisting of third-party leasing commissions, tenant inducements and legal costs are capitalized and amortized over the life of the related lease. Tenant inducement amortization is recorded as an offset to rental revenue and the amortization of other direct leasing costs is recorded in amortization expense.
Real Estate Loans Receivable	Real Estate Loans Receivable Real estate loans receivable are shown at cost, net of any applicable allowance for uncollectibility and net of deferred loan origination fees. The Company defers certain loan origination fees and amortizes them as an adjustment of yield over the term of the related real estate loan receivable. The related amortization of the deferred loan origination fees are recorded in other revenue in the accompanying consolidated statement of operations and comprehensive income (loss). An allowance for the uncollectible portion of the real estate loans receivable is determined based upon an analysis of the economic conditions in the area in which the property is located and credit quality indicators which include: borrower’s payment history, the financial condition of the borrower, and business conditions in the industry in which the borrower operates. Additionally, a real estate loan receivable is considered to be impaired, when based upon current events, it is probable that we will be unable to collect all amounts due according to the existing contractual terms. If a real estate loan receivable is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at its effective interest rate or to the value of the underlying collateral if the real estate loan receivable is collateral dependent. Evaluating real estate loans receivable for potential impairment can require management to exercise significant judgment.
Revenue Recognition	Revenue Recognition Rental payments are generally paid by the tenants prior to the beginning of each month. As of December 31, 2016 and December 31, 2015 , respectively, the Company recorded liabilities of $27.3 million and $33.4 million related to prepaid rental payments which were included in other liabilities in the accompanying 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 $89.4 million and $72.2 million as of December 31, 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. Other revenues consist primarily of parking revenue, tenant reimbursements and interest on loans receivable. Parking revenue represents amounts generated from contractual and transient parking and is recognized in accordance with contractual terms or as services are rendered. Other revenues relating to tenant reimbursements are recognized in the period that the expense is incurred.
Issuer Costs	Issuer Costs The Company reimburses the Advisor for any issuer costs related to the Company’s public offerings that it pays on the Company’s behalf. Such costs consist of, among other costs, expenses of the Company’s organization, legal, accounting, bona fide out-of-pocket itemized and detailed due diligence costs, printing, filing fees, transfer agent costs, postage, escrow fees, data processing fees, advertising and sales literature and other offering-related costs. Organizational issuer costs, such as expenses associated with the formation of the Company and its board of directors are expensed and other issuer costs related to our public offerings are recorded as an offset to additional paid-in capital. Dealer Manager Agreement In connection with the Company’s two prior public offerings of primary shares, the second of which closed in April 2014, the Dealer Manager received a selling commission of up to 7.5% of gross offering proceeds and a dealer manager fee of up to 2.5% of gross offering proceeds, both of which were recorded as an offset to additional paid-in-capital in the Company’s financial statements. Pursuant to separately negotiated agreements, the Dealer Manager reallowed up to 7.0% of gross proceeds as a selling commission and up to 1.5% of gross proceeds from its dealer manager fee as a marketing fee to broker-dealers participating in the Company’s public offerings. The Dealer Manager paid broker-dealers up to an additional 1.0% of the gross offering proceeds as reimbursements for distribution and marketing-related costs and expenses. No selling commissions or dealer manager fees were or will be paid for sales under the Company’s distribution reinvestment plan.
Income Taxes	Income Taxes The Company has elected to be treated as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). The Company’s management believes that it operates in such a manner as to qualify for treatment as a REIT and intends to operate in the foreseeable future in such a manner so that it will remain qualified as a REIT for federal income tax purposes. Accordingly, no provision has been made for U.S. federal income taxes for the years ended December 31, 2016 , 2015 and 2014 in the accompanying consolidated financial statements. In 2016 , 2015 and 2014 , income tax expense recorded by the Company was primarily comprised of foreign income taxes related to the operation its international properties. The Company does not believe it has any uncertain tax positions or unrecognized tax benefits requiring disclosure.
Redemption of Common Stock	Redemption of Common Stock The Company complies with FASB ASC 480 “Distinguishing Liabilities from Equity” which requires, among other things, that financial instruments that represent a mandatory obligation of the Company to repurchase shares be classified as liabilities and reported at settlement value. When approved, the Company will reclassify such obligations from equity to an accrued liability based upon their respective settlement values.
Per Share Data	Per Share Data Net income (loss) per common share is calculated by dividing the net income (loss) attributable to common stockholders for each period by the weighted average number of common shares outstanding during such period. Net income (loss) per common share on a basic and diluted basis is the same because the Company has no potentially dilutive common shares outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB, issued ASU 2014-09 to provide guidance on recognizing revenue from contracts with customers. The amendments also replace prior guidance regarding the recognition of revenue from sales of real estate, except for revenue from sales that are part of a sale-leaseback transaction. Subsequent to ASU 2014-09, the FASB has issued multiple ASUs clarifying multiple aspects of the new revenue recognition standard, which include the deferral of the effective date by one year, and additional guidance for partial sales of non-financial assets. These amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 with retrospective or modified retrospective adoption. The Company is currently evaluating each of its revenue streams to identify differences in the timing, measurement or presentation of revenue recognition under the new standard, as well as evaluating methods of adoption, however a substantial portion of the Company’s revenue consists of rental income from leasing arrangements, which is specifically excluded from ASU 2014-09 and will be evaluated with the adoption of the lease accounting standard, ASU 2016-02. In February 2016, the FASB issued ASU 2016-02 intended to improve financial reporting about leasing transactions. The ASU will require companies that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The accounting by companies that own the assets leased by the lessee (the lessor) will remain largely unchanged from current GAAP. The new standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The standard is effective for fiscal years beginning after December 15, 2018 and early adoption is permitted. While the Company is still evaluating the effect that the ASU will have on its consolidated financial statements and related disclosures, it expects to recognize right-of-use assets and related lease liabilities on its consolidated balance sheets related to ground leases under which it is the lessee. In June 2016, the FASB issued ASU 2016-13 that requires the impairment of financial instruments to be based on expected credit losses. The new standard requires a modified retrospective transition approach using a cumulative effect adjustment to retained earnings in the first reporting period for with the guidance is effective. 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 ASU 2016-15 to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance requires the Company to make an accounting policy election to classify distributions received from equity method investees. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and early adoption is permitted. The Company adopted this guidance as of December 31, 2016. The Company has elected the cumulative-earnings approach. Under this approach, distributions are presumed to be returns on investment and classified as operating cash inflows. The distributions in excess of cumulative equity in earnings are determined to be returns of investment, and such excess is classified as cash inflows from investing activities. This election did not change the Company’s presentation in the statement of cash flows. In November 2016, the FASB issued ASU 2016-18 which addressed the presentation of restricted cash in the cash flow statement whereby restricted cash should be included in the cash and cash equivalents balance 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 early adoption is permitted. The Company adopted this guidance as of December 31, 2016. See the “— Reclassifications” subheading above for the impact the adoption of this guidance had on the Company. In January 2017, the FASB issued ASU 2017-01 to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in the ASU are effective for public entities for annual and interim periods in fiscal years beginning after December 15, 2017 and early adoption is permitted with prospective application. The Company expects the adoption of this guidance to require that most real estate transactions be accounted for under the asset acquisition guidance and, accordingly, acquisition expenses related to these acquisitions will be capitalized.
Derivative Instruments	The Company has entered into several interest rate swap contracts and interest rate cap agreements as economic hedges against the variability of future interest rates on its variable interest rate borrowings. The Company’s interest rate swaps effectively fixed the interest rates on each of the loans to which they relate and the interest rate cap contracts have effectively limited the interest rate on the loans to which they relate. The Company has not designated any of these derivatives as hedges for accounting purposes. See Note 11 — Fair Value Measurements for additional information regarding the fair value of our interest rate contracts. The Company has also entered into foreign currency forward contracts as economic hedges against the variability of foreign exchange rates on future international investments. These forward contracts economically fixed the currency exchange rates on each of the investments to which they related. The Company did not designate any of these contracts as fair value or cash flow hedges for accounting purposes.
Fees and Expense Reimbursements	Special OP Units – Hines Global REIT Associates Limited Partnership, an affiliate of Hines, owns the special units of the Operating Partnership (“Special OP Units”), which entitle them to receive distributions in an amount equal to 15% of distributions, including from sales of real estate investments, refinancings and other sources, but only after the Company’s stockholders have received, or are deemed to have received, in the aggregate, cumulative distributions equal to their invested capital plus an 8.0% cumulative, non-compounded annual pre-tax return on such invested capital. At the sole discretion of the Advisor, the acquisition fees, asset management fees, debt financing fees and disposition fees are payable, in whole or in part, in cash or units of the Operating Partnership (“OP Units”). For the purposes of the payment of these fees, each OP Unit will be valued at the per-share offering price of the Company’s common stock in its most recent public offering less selling commissions and dealer manager fees. Upon the Advisor’s request, each OP unit can be repurchased for cash or can be converted into one share of the Company’s common stock. The decision to redeem each OP unit for cash or shares is at the Company’s option except in certain circumstances such as the Company’s decision to list its shares on a national securities exchange, a liquidation event or upon termination or nonrenewal of the Advisory Agreement for any reason other than by the Advisor. The Company will recognize the expense related to these OP Units as the related service is performed, as each OP Unit will be fully vested upon issuance. The Company reimburses the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse the Advisor for any amount by which its operating expenses (including the asset management fee) at the end of the four preceding fiscal quarters exceeds the greater of: (A) 2% of its average invested assets, or (B) 25% of its net income determined without reduction for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and excluding any gain from the sale of the Company’s assets for that period. Notwithstanding the above, the Company may reimburse the Advisor for expenses in excess of this limitation if a majority of the independent directors determines that such excess expenses are justified. Disposition Fee – The Advisor or its affiliates also will be paid a disposition fee of 1.0% of the sales price of any real estate investments sold or 1.0% of the Company’s pro rata share of the sales price with respect to the Company’s indirect investments. Acquisition Fee – Prior to April 2012, the Advisor received an acquisition fee equal to 2.0% of (i) the purchase price of each real estate investment the Company acquired or originated, including any debt attributable to such investments or the principal amounts of any loans originated directly by the Company and (ii) with respect to indirect investments through another entity, such entity’s pro rata share of the gross asset value of all real estate investments held by such entity. In March 2012, the Advisory Agreement was amended to increase the acquisition fee to 2.25% of these amounts. Effective as of April 1, 2015, the Advisory Agreement was further amended in order to reduce the acquisition fee paid to the Advisor from 2.25% to 0.50% of these amounts. Asset Management Fee – The Advisor receives an asset management fee equal to 0.125% per month of the net equity capital invested by the Company in real estate investments as of the end of each month. The Advisor agreed to waive asset management fees otherwise payable to it for the years ended December 31, 2015 and 2014, respectively, to the extent that our modified funds from operations (“MFFO”) for the years ended December 31, 2014 and 2015, as disclosed in our Annual Report on Form 10-K for such years, amounted to less than 100% of the aggregate distributions declared to our stockholders for such years. However, because MFFO exceeded distributions declared to the Company’s stockholders for the years ended December 31, 2015 and 2014, the Advisor did not waive any asset management fees.
Property Management and Leasing Agreements	Property Management and Leasing Agreements The Company pays Hines fees for the management and leasing of some of its properties. Property management fees are equal to a market-based percentage of the gross revenues of the properties managed by Hines or the amount of property management fees recoverable from tenants of the properties managed by Hines under their leases. In addition, if Hines provides leasing services with respect to a property, the Company will pay Hines leasing fees which are usual and customary for that type of property in that geographic area. The Company generally will be required to reimburse Hines for certain operating costs incurred in providing property management and leasing services pursuant to the property management and leasing agreements. Included in this reimbursement of operating costs will be the cost of personnel and overhead expenses related to such personnel located at the property as well as off-site personnel located in Hines’ headquarters and regional offices, to the extent the same relate to or support the performance of Hines’ duties under the agreement. Hines may perform construction management services for the Company for both re-development activities and tenant construction. These fees are considered incremental to the construction effort and will be capitalized to the associated real estate project as incurred. Costs related to tenant construction will be depreciated over the estimated useful life. Costs related to redevelopment activities will be depreciated over the estimated useful life of the associated project. Leasing activities will generally be performed by Hines on the Company’s behalf. Leasing fees will be capitalized and amortized over the life of the related lease.
Fair Value of Financial Instruments	Fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities the Company has the ability to access. Fair values determined by Level 2 inputs utilize inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices observable for the asset or liability, such as interest rates and yield curves observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In instances in which the inputs used to measure fair value may fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest level input significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Financial Instruments Measured on a Recurring Basis As described in Note 7 – Derivative Instruments, the Company entered into several interest rate contracts as economic hedges against the variability of future interest rates on its variable interest rate borrowings. The valuation of these derivative instruments is determined based on assumptions that management believes market participants would use in pricing, using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair values of interest rate contracts have been determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Although the Company has determined the majority of the inputs used to value its interest rate contracts fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties, Landesbank Baden-Württemberg, Commonwealth Bank of Australia, Deutsche Pfandbriefbank AG, Crédit Agricole, SMBC Capital Markets, ING Capital Markets, and the Australia and New Zealand Banking Group Limited. In adjusting the fair values of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds and guarantees. However, as of December 31, 2016 and 2015 , the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuations of its derivatives. As a result, the Company has determined its derivative valuations are classified in Level 2 of the fair value hierarchy. 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 fair value methodologies used to measure long-lived assets are described in Note 2 — Summary of Significant Accounting Policies — Investment Property and Lease Intangibles. The inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy.

Organization (Tables)

Organization (Tables)	12 Months Ended
	Dec. 31, 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): Years Ended December 31, Investment in Unconsolidated Affiliates 2016 2015 2014 Beginning balance 2,006 2,873 3,573 Equity in earnings 7,504 408 — Distributions (9,510 ) (1,275 ) (700 ) Ending balance — 2,006 2,873 The table below summarizes the Company’s maximum loss exposure related to its unconsolidated VIEs as of December 31, 2016 and December 31, 2015 , 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 balance held by the VIEs which is included in the balance sheet line item “Real estate loans receivable” in the consolidated balance sheets as of December 31, 2016 and December 31, 2015 (in thousands). Period Investment in Unconsolidated VIEs (1) Maximum Risk of Loss (2) December 31, 2016 $ — $ — 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 made to the VIEs as of the date indicated. See Note 5 — Real Estate Loans Receivable for additional information regarding the loan. A summary of our consolidated VIEs is as follows (in thousands): December 31, 2016 December 31, 2015 Maximum risk of loss (1) $ 30,446 $ 52,394 Assets held by VIEs $ 136,705 $ 171,172 Assets held as collateral for debt $ 136,705 $ 171,172 Liabilities held by VIEs $ 91,792 $ 106,656 (1) Represents the Company's contributions, net of distributions, made to the consolidated VIEs.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Other Assets	Other assets included the following (in thousands): December 31, 2016 December 31, 2015 Deferred costs — 1,000 Prepaid expenses 2,647 3,401 Deferred tax assets 11,259 10,501 Other (1) 6,454 449 Other assets $ 20,360 $ 15,351 (1) Primarily consists of $6.3 million held by an escrow agent as of December 31, 2016. This amount was returned to the Company in January 2017.

Investment Property (Tables)

Investment Property (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Schedule of Investment Property	Investment property consisted of the following amounts as of December 31, 2016 and December 31, 2015 (in thousands): December 31, 2016 December 31, 2015 Buildings and improvements $ 2,612,274 $ 2,776,740 Less: accumulated depreciation (246,940 ) (200,311 ) Buildings and improvements, net 2,365,334 2,576,429 Land 684,309 691,448 Investment property, net $ 3,049,643 $ 3,267,877
Schedule of Lease Intangibles	As of December 31, 2016 , the cost basis and accumulated amortization related to lease intangibles was as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 793,018 $ 96,912 $ (116,717 ) Less: accumulated amortization (334,249 ) (49,606 ) 34,363 Net $ 458,769 $ 47,306 $ (82,354 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles was 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 2016 , 2015 and 2014 acquisitions, as of the date of the acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2016 Acquisitions: The Rim (4th Phase) 20.0 12.8 5.9 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio (1st Phase) 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 — 2014 Acquisitions: The Rim (1st Phase) 16.5 12.9 35.3 25 Cabot Square (1) 11.7 0.5 3.0 Simon Hegele Logistics (1st Phase) 13.4 13.4 — 818 Bourke 4.1 3.3 3.1 (1) Excludes the effect of ground leases which significantly increase the weighted average useful life for these intangibles.
Schedule of Future Amortization Expense	Anticipated amortization of in-place leases and out-of-market leases, net, for each of the years ending December 31, 2017 through December 31, 2021 are as follows (in thousands): In-Place Leases Out-of-Market Leases, Net 2017 $ 70,237 $ (486 ) 2018 55,492 (2,135 ) 2019 44,366 (3,585 ) 2020 35,615 (3,347 ) 2021 24,248 (1,004 )
Schedule of Future Minimum Rental Income for Operating Leases	The Company has entered into non-cancelable lease agreements with tenants for space. As of December 31, 2016 , the approximate fixed future minimum rentals for each of the years ending December 31, 2017 through 2021 and thereafter were as follows (in thousands): Fixed Future Minimum Rentals 2017 $ 321,902 2018 279,769 2019 259,635 2020 227,503 2021 191,071 Thereafter 1,145,134 Total $ 2,425,014

Recent Acquisitions of Real E30

Recent Acquisitions of Real Estate (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of Amounts Recognized for Major Assets Acquired	The amounts recognized for major assets acquired as of the acquisition date were determined by allocating the purchase price of each property acquired in 2016 , 2015 and 2014 as follows (in thousands): Property Name Acquisition Building and (1) Land (1) In-place (1) Out-of- (1) Total (1) The Rim (2) 02/13/2014, 04/30/2015, $ 153,082 $ 102,170 $ 59,450 $ (28,810 ) $ 285,892 Simon Hegele Logistics (3) 06/03/2014 & $ 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 (4) 04/01/2015 & 12/03/2015 $ 89,368 $ 16,362 $ 15,413 $ 5,392 $ 126,535 25 Cabot Square 03/28/2014 $ 165,121 $ — $ 206,640 $ (16 ) $ 371,745 818 Bourke 10/31/2014 $ 82,867 $ 36,487 $ 17,082 $ (792 ) $ 135,644 (1) For acquisitions denominated in a foreign currency, amounts have been translated at a rate based on the exchange rate in effect on the acquisition date. (2) In February 2014, the Company acquired The Rim retail center in San Antonio, Texas. In April 2015, December 2015, and December 2016, the Company acquired additional phases of the center. (3) 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. (4) 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.
Schedule of Weighted-Average Amortization Periods for Intangible Assets and Liabilities Acquired	As of December 31, 2016 , the cost basis and accumulated amortization related to lease intangibles was as follows (in thousands): Lease Intangibles Out-of-Market Lease Assets Out-of-Market Lease Liabilities In-Place Leases Cost $ 793,018 $ 96,912 $ (116,717 ) Less: accumulated amortization (334,249 ) (49,606 ) 34,363 Net $ 458,769 $ 47,306 $ (82,354 ) As of December 31, 2015 , the cost basis and accumulated amortization related to lease intangibles was 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 2016 , 2015 and 2014 acquisitions, as of the date of the acquisition, was as follows (in years): In-Place Leases Above-Market Lease Assets Below-Market Lease Liabilities 2016 Acquisitions: The Rim (4th Phase) 20.0 12.8 5.9 2015 Acquisitions: Simon Hegele Logistics (2nd Phase) 11.3 — — The Summit 5.1 3.0 5.6 Harder Logistics Portfolio (1st Phase) 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 — 2014 Acquisitions: The Rim (1st Phase) 16.5 12.9 35.3 25 Cabot Square (1) 11.7 0.5 3.0 Simon Hegele Logistics (1st Phase) 13.4 13.4 — 818 Bourke 4.1 3.3 3.1 (1) Excludes the effect of ground leases which significantly increase the weighted average useful life for these intangibles.
Schedule of Revenue and Net Income (Loss), Acquisitions	The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2014 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2014 (in thousands): For the Year Ended 2014 Acquisitions December 31, 2014 The Rim Revenue $ 17,240 Net income (loss) $ 369 25 Cabot Square Revenue $ 26,666 Net income (loss) $ (16,639 ) Simon Hegele Logistics Revenue $ 2,110 Net income (loss) $ (3,974 ) 818 Bourke Revenue $ 1,980 Net income (loss) $ (7,700 ) The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2015 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2015 (in thousands): For the Year Ended 2015 Acquisitions December 31, 2015 Simon Hegele Logistics (1) Revenue $ 5,336 Net income (loss) $ 48 The Summit Revenue $ 21,756 Net income (loss) $ 439 Harder Logistics Portfolio (2) Revenue $ 3,766 Net income (loss) $ (8,762 ) The Rim (3) Revenue $ 23,458 Net income (loss) $ 2,853 (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. 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 total net rentable area of the Simon Hegele Logistics facility. (2) Includes the total revenue and net income of The Harder Logistics Portfolio, including the first phase of the portfolio acquired in April 2015. The second phase of the portfolio was acquired in December 2015 and includes 677,374 square feet of net rentable area, which represents 52.7% of the total net rentable area of the Harder Logistics Portfolio. (3) Includes the total revenue and net income of The Rim retail center, including the first phase of the center acquired in February 2014. The second phase of the center was acquired in April 2015 and includes 259,316 square feet of net rentable area, which represents 27.8% of the total net rentable area of The Rim retail center. The third phase of the center was acquired in December 2015 and includes 28,901 square feet of net rentable area, which represents 3.1% of the total net rentable area of The Rim retail center. The table below includes the amounts of revenue and net income (loss) of the acquisitions completed during the year ended December 31, 2016 , which are included in the Company’s consolidated results of operations for the year ended December 31, 2016 (in thousands): For the Year Ended 2016 Acquisitions December 31, 2016 The Rim (1) Revenue $ 27,653 Net income (loss) $ 4,898 (1) Includes the total revenue and net income of The Rim retail center, including the phases of the center acquired in February 2014, April 2015 and December 2015. The fourth phase of the center was acquired in December 2016 and includes 96,742 square feet of net rentable area, which represents 9.4% of the total net rentable area of The Rim retail center.
Business Acquisitions, Pro Forma Information	The following unaudited consolidated information is presented to give effect to current year acquisitions through December 31, 2016 as if the acquisitions occurred on January 1, 2015 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $0.6 million and $19.3 million for the years ended December 31, 2016 and 2015 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2016 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2016 Pro Forma 2015 Revenues $ 478,783 $ 477,778 Net income (loss) $ 156,395 $ 11,853 Basic and diluted income (loss) per common share $ 0.54 $ 0.02 The following unaudited consolidated information is presented to give effect to 2015 acquisitions through December 31, 2015 as if the acquisitions occurred on January 1, 2014 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $19.3 million and $47.5 million for the years ended December 31, 2015 and 2014 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2014 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2015 Pro Forma 2014 Revenues $ 486,274 $ 491,187 Net income (loss) $ 13,854 $ 58,514 Basic and diluted income (loss) per common share $ 0.03 $ 0.20 The following unaudited consolidated information is presented to give effect to 2014 acquisitions through December 31, 2014 as if the acquisitions occurred on January 1, 2013 . This information excludes activity that is non-recurring and not representative of our future activity, primarily acquisition fees and expenses of $47.5 million and $82.1 million for the years ended December 31, 2014 and 2013 , respectively. The information below is not necessarily indicative of what the actual results of operations would have been had we completed these transactions on January 1, 2013 , nor does it purport to represent our future operations (amounts in thousands, except per share amounts): For the Years Ended December 31, Pro Forma 2014 Pro Forma 2013 Revenues $ 477,692 $ 392,489 Net income (loss) $ 56,503 $ (20,717 ) Basic and diluted income (loss) per common share $ 0.21 $ (0.11 )

Real Estate Loans Receivable (T

Real Estate Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate Loans Receivable [Abstract]
Schedule of Real Estate Loans Receivable	Real estate loans receivable included the following at December 31, 2016 and 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 8,953 8,747 Finesilver 7/31/2014 7/31/2017 6.45% 7,233 6,271 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 $ 15,224 $ 38,795 (Origination)/Exit fees 67 (128 ) Total Flagship Capital JV $ 15,291 $ 38,667 Other Loans Receivable 1377 (3) 6/29/2012 7/1/2016 N/A $ 3,962 $ — $ 3,962 The Rim (4) 9/8/2014 12/20/2016 N/A $ 20,750 $ — $ 12,651 Total Real Estate Loans Receivable $ 15,291 $ 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 December 2016, the borrower repaid the outstanding principal balance of the loan upon the completion of the construction of the additional phase of the property. See Note 1 — Organization for additional information concerning the completion and acquisition of the additional phase of the The Rim retail center.

Debt Financing (Tables)

Debt Financing (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	The following table describes the Company’s debt outstanding at December 31, 2016 and 2015 (in thousands, except percentages): Description Origination or Assumption Date Maturity Date Interest Rate Description Interest Rate as of December 31, 2016 Principal Outstanding at December 31, 2016 Principal Outstanding at December 31, 2015 Secured Mortgage Debt Brindleyplace Project 7/1/2010 1/7/2017 (1) Variable 1.98 % $ 149,343 $ 179,197 Southpark 10/19/2010 12/6/2016 Fixed N/A — 18,000 Fifty South Sixth 11/4/2010 11/3/2018 Variable 2.22 % 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 4.14 % 31,109 31,546 Poland Logistics Portfolio 8/2/2012 6/28/2019 Variable, subject to interest rate cap 2.00 % 64,294 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 2.45 % 58,320 59,139 Mercedes Benz Bank 2/7/2013 12/31/2019 Variable, subject to interest rate cap 1.24 % 35,041 36,719 465 Victoria 2/28/2013 12/3/2018 Variable, subject to interest rate cap 3.10 % 38,293 38,831 New City 3/28/2013 3/18/2018 Variable, subject to interest rate cap 2.30 % 73,612 83,978 One Westferry Circus 5/9/2013 5/5/2020 Fixed 3.30 % 59,213 71,050 The Campus at Playa Vista 5/14/2013 12/1/2018 Variable 2.02 % 150,000 150,000 Perspective Defense 6/21/2013 7/25/2019 Variable, subject to interest rate cap 2.19 % 73,612 76,342 Fiege Mega Centre 10/18/2013 10/31/2018 Variable, subject to interest rate cap 1.38 % 23,924 25,135 55 M Street 12/9/2013 12/9/2017 Variable 2.22 % 72,000 72,000 25 Cabot Square 3/26/2014 3/26/2020 Fixed 3.50 % 152,658 183,175 Simon Hegele Logistics 4/28/2014 6/15/2019 Fixed 1.90 % 37,167 38,940 818 Bourke 10/31/2014 10/31/2019 Variable, subject to interest rate cap 2.50 % 62,254 64,952 The Summit 3/4/2015 4/1/2022 Variable 2.17 % 170,000 170,000 Harder Logistics Portfolio 4/1/2015 2/28/2021 Variable, subject to interest rate cap 0.95 % 72,275 76,106 Other Notes Payable JPMorgan Chase Revolving Credit Facility 4/13/2012 6/29/2019 Variable 2.34 % (2) 119,000 327,000 JPMorgan Chase Revolving Credit Facility - Term Loan 5/22/2013 6/29/2019 Variable 2.32 % 495,000 495,000 WaterWall Place Construction Loan 6/29/2012 5/8/2018 Variable 2.36 % 44,897 44,897 Aviva Coral Gables JV Construction Loan 5/10/2013 5/10/2017 Variable 2.77 % (2) 42,693 42,693 Total Principal Outstanding $ 2,215,717 $ 2,557,744 Unamortized Premium/ (Discount) — 105 Unamortized Deferred Financing Fees (8,418 ) (12,193 ) Notes Payable $ 2,207,299 $ 2,545,656 (1) In January 2017, the Company exercised an extension option, resulting in a new maturity date of July 7, 2017. In February 2017, the Brindleyplace JV sold the Brindleyplace Project and paid off the Brindleyplace Project secured mortgage loan with proceeds from the sale. (2) Represents the weighted average interest rate as of December 31, 2016 .
Schedule of Maturities of Long Term Debt	The Company is required to make the following principal payments on its outstanding notes payable for each of the years ending December 31, 2017 through December 31, 2021 and for the period thereafter. Amounts are in thousands: Payments due by Year 2017 2018 2019 2020 2021 Thereafter Principal payments $ 301,993 $ 515,915 $ 946,990 $ 212,979 $ 67,840 $ 170,000

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedges, Assets [Abstract]
Schedule of Derivative Instruments	The table below provides additional information regarding these interest rate cap contracts (in thousands, except percentages). Interest Rate Cap Contracts Property Effective Date Expiration Date Notional Amount (1) Interest Rate Received Pay Rate /Strike Rate Poland Logistics Portfolio August 2, 2012 June 30, 2017 $ 48,759 EURIBOR 2.00 % Poland Logistics Portfolio October 9, 2012 June 30, 2017 $ 10,173 EURIBOR 2.00 % Poland Logistics Portfolio June 30, 2017 June 28, 2019 $ 56,710 EURIBOR 2.00 % Mercedes Benz Bank March 11, 2013 March 31, 2018 $ 35,041 EURIBOR 1.50 % 465 Victoria February 29, 2016 November 30, 2018 $ 19,147 BBSW 2.50 % 825 Ann April 29, 2016 November 20, 2018 $ 29,160 BBSW 3.25 % New City April 11, 2013 May 6, 2013 March 16, 2018 $ 55,070 EURIBOR 2.50 % Perspective Defense July 25, 2013 July 25, 2019 $ 73,612 EURIBOR 2.00 % Fiege Mega Centre October 18, 2013 October 18, 2018 $ 23,924 EURIBOR 2.00 % 818 Bourke November 27, 2014 October 27, 2017 $ 31,577 BBSY 4.00 % Harder Logistics Portfolio March 31, 2015 March 31, 2018 $ 32,254 EURIBOR 1.50 % Harder Logistics Portfolio December 2, 2015 December 31, 2018 $ 40,049 EURIBOR 1.50 % (1) For notional amounts denominated in a foreign currency, amounts have been translated at a rate based on the exchange rate in effect on December 31, 2016 .
Schedule of Derivatives Not Designated As Hedging Instruments	The table below presents the fair value of the Company’s derivative instruments included in “Assets—Derivative Instruments” and “Liabilities—Derivative Instruments” on the Company’s consolidated balance sheets, as of December 31, 2016 and December 31, 2015 (in thousands): Derivative Assets Derivative Liabilities December 31, December 31, December 31, December 31, Derivatives not designated as hedging instruments: Interest rate caps 40 675 — — Total derivatives $ 40 $ 675 $ — $ — The table below presents the effects of the changes in fair value of our derivative instruments in the Company’s consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2016 , 2015 and 2014 (in thousands): Gain (Loss) on Derivative Instruments Year Ended December 31, December 31, December 31, Derivatives not designated as hedging instruments: Interest rate swaps $ — $ 2,661 $ 4,122 Interest rate caps (689 ) (2,099 ) (4,131 ) Foreign currency forward contracts — — 7,331 Total gain (loss) on derivatives $ (689 ) $ 562 $ 7,322

Distributions (Tables)

Distributions (Tables)	12 Months Ended
	Dec. 31, 2016
Distributions [Abstract]
Schedule of Distributions Declared	The table below outlines the Company’s total distributions declared to stockholders and noncontrolling interests for the years ended December 31, 2016 , 2015 and 2014 , 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 Years Ended Cash Distributions Distributions Reinvested Total Declared Total Declared December 31, 2016 $ 85,820 $ 94,003 $ 179,823 $ 5,691 December 31, 2015 $ 83,481 $ 93,812 $ 177,293 $ 4,221 December 31, 2014 $ 79,555 $ 91,530 $ 171,085 $ 4,668

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The table below outlines fees and expense reimbursements incurred that are payable by the Company to Hines and its affiliates for the years ended December 31, 2016 , 2015 and 2014 and amounts unpaid as of December 31, 2016 and 2015 (in thousands): Incurred During the Years Ended December 31, Unpaid as of December 31, Type and Recipient 2016 2015 2014 2016 2015 Selling Commissions- Dealer Manager $ — $ — $ 27,021 $ — $ — Dealer Manager Fee- Dealer Manager $ — $ — $ 9,334 — — Issuer Costs- the Advisor $ 41 $ 61 $ 1,975 8 — Acquisition Fee (1) - the Advisor and affiliates of Hines $ 191 $ 8,797 $ 18,188 191 — Asset Management Fee- the Advisor and affiliates of Hines $ 36,810 $ 35,725 $ 34,881 8,922 8,493 Disposition Fee- the Advisor $ 3,024 $ 309 $ 2,543 2,760 309 Other (2) $ 6,834 $ 6,768 $ 6,713 1,644 1,574 Property Management Fee- Hines $ 7,564 $ 7,518 $ 6,680 (46 ) (12 ) Development/ Construction Management Fee- Hines $ 757 $ 132 $ 2,556 246 27 Leasing Fee- Hines $ 4,584 $ 4,446 $ 2,138 3,455 3,417 Redevelopment Construction Management- Hines $ — $ — $ 9 — — Expense Reimbursement- Hines (with respect to management and operations of the Company’s properties) $ 11,835 $ 11,098 $ 10,777 734 661 Due to Affiliates $ 17,914 $ 14,469 (1) As described below, effective as of April 1, 2015, the Company, the Operating Partnership and the Advisor amended the Advisory Agreement in order to reduce the acquisition fee rate 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.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Derivatives Measured on Recurring Basis	The following table sets forth the Company’s derivatives which are measured at fair value on a recurring basis, by level within the fair value hierarchy as of December 31, 2016 and December 31, 2015 (all amounts are in thousands): Basis of Fair Value Measurements Period Fair Value of Assets (Liabilities) Quoted Prices In Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2016 Interest rate caps $ 40 $ — $ 40 $ — December 31, 2015 Interest rate caps $ 675 $ — $ 675 $ —

Reportable Segments (Tables)

Reportable Segments (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	For the years ended December 31, 2016 , 2015 and 2014 , the Company’s property revenues in excess of expenses by segment was as follows: Years Ended December 31, 2016 2015 2014 Property revenues in excess of expenses (1) Domestic office investments $ 113,763 $ 107,116 $ 91,932 Domestic other investments 78,729 76,835 67,297 International office investments 85,986 97,644 114,586 International other investments 47,181 45,608 45,348 Total property revenues in excess of expenses $ 325,659 $ 327,203 $ 319,163 (1) Revenues less property operating expenses, real property taxes and property management fees. For the years ended December 31, 2016 and 2015 , the Company’s total assets by segment was as follows: Years Ended December 31, 2016 2015 Total Assets Domestic office investments $ 1,454,943 $ 1,503,926 Domestic other investments 901,120 1,082,241 International office investments 1,003,616 1,090,483 International other investments 584,726 650,168 Corporate-level accounts 44,027 46,128 Total Assets $ 3,988,432 $ 4,372,946 The tables below provide additional information related to each of the Company’s segments, geographic location and a reconciliation to the Company’s net income (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 are in thousands, except for percentages): Years Ended December 31, 2016 2015 2014 Total Revenue Domestic office investments $ 177,048 $ 168,962 $ 145,941 Domestic other investments 123,384 119,083 104,753 International office investments 110,308 123,010 140,119 International other investments 67,168 65,818 65,451 Total Revenue $ 477,908 $ 476,873 $ 456,264
Schedule of Revenue and Assets, by Geographical Areas	For the years ended December 31, 2016 and 2015 , the Company’s total assets were attributable to the following countries: Years Ended December 31, 2016 2015 United States 59 % 60 % United Kingdom 15 % 16 % Australia 8 % 7 % Poland 6 % 6 % Russia 2 % 1 % France 3 % 3 % Germany 7 % 7 % For the years ended December 31, 2016 , 2015 and 2014 , the Company’s total revenue was attributable to the following countries: Years Ended December 31, 2016 2015 2014 United States 62 % 60 % 55 % United Kingdom 15 % 17 % 19 % Australia 7 % 8 % 8 % Poland 5 % 5 % 7 % Russia 3 % 3 % 5 % France 3 % 3 % 3 % Germany 5 % 4 % 3 %
Reconciliation of Property Revenues in Excess of Expenses From Segments to Consolidated	For the years ended December 31, 2016 , 2015 and 2014 the Company’s reconciliation to the Company’s property revenues in excess of expenses is as follows: Years Ended December 31, 2016 2015 2014 Reconciliation to property revenues in excess of expenses Net income (loss) 157,227 (4,954 ) 10,842 Depreciation and amortization 174,110 186,965 193,870 Acquisition related expenses 372 10,472 29,278 Asset management and acquisition fees 37,001 44,522 53,069 General and administrative expenses 11,149 8,597 6,782 (Gain) loss on derivatives 689 (562 ) (7,322 ) Equity in (earnings) losses of unconsolidated entity (7,504 ) — — (Gain) loss on sale of real estate investments (127,294 ) (14,684 ) (64,003 ) Foreign currency (gains) losses 8,240 21,468 13,074 Interest expense 64,473 71,288 78,273 Interest income (130 ) (427 ) (506 ) Benefit provision for income taxes 7,326 4,518 5,806 Total property revenues in excess of expenses $ 325,659 $ 327,203 $ 319,163

Supplemental Cash Flow Disclo38

Supplemental Cash Flow Disclosures (Tables)	12 Months Ended
	Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]
Schedule of Supplemental Cash Flow Disclosures	Supplemental cash flow disclosures for the years ended December 31, 2016 , 2015 , and 2014 (in thousands): 2016 2015 2014 Supplemental Disclosure of Cash Flow Information Cash paid for interest $ 59,612 $ 66,704 $ 66,592 Cash paid for income taxes $ 7,634 $ 6,696 $ 4,161 Supplemental Schedule of Non-Cash Activities Distributions declared and unpaid $ 21,178 $ 19,837 $ 17,558 Other receivables $ — $ 5 $ — Distributions reinvested $ 94,071 $ 93,785 $ 90,198 Shares tendered for redemption $ 4,987 $ 5,245 $ 5,505 Non-cash net liabilities acquired $ 7,965 $ 10,516 $ 2,737 Accrued additions to investment property $ 2,602 $ 883 $ 2,373

Quarterly Financial Data (Una39

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Data [Abstract]
Schedule of Unaudited Quarterly Financial Data	The following table presents selected unaudited quarterly financial data for each quarter during the years ended December 31, 2016 and 2015 (in thousands except per share amounts): Quarters Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Revenues $ 118,936 $ 121,637 $ 121,854 $ 115,481 Gain (loss) on sale of real estate investments $ — $ — $ — $ 127,294 Net income (loss) $ 6,476 $ 9,155 $ 12,368 $ 129,228 Net (income) loss attributable to noncontrolling interests $ (1,286 ) $ (1,645 ) $ (2,160 ) $ (1,086 ) Net income (loss) attributable to common stockholders $ 5,190 $ 7,510 $ 10,208 $ 128,142 Income (loss) per common share, basic and diluted $ 0.02 $ 0.03 $ 0.04 $ 0.46 Quarters Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 Revenues $ 113,079 $ 119,683 $ 119,533 $ 124,578 Gain (loss) on sale of real estate investments $ (1,127 ) $ — $ 55 $ 15,756 Net income (loss) $ (13,908 ) $ (420 ) $ 2,153 $ 7,221 Net (income) loss attributable to noncontrolling interests $ (1,170 ) $ (2,063 ) $ (1,086 ) $ (1,358 ) Net income (loss) attributable to common stockholders $ (15,078 ) $ (2,483 ) $ 1,067 $ 5,863 Income (loss) per common share, basic and diluted $ (0.06 ) $ (0.01 ) $ — $ 0.02

Organization (Public Offering)

Organization (Public Offering) (Details) - USD ($) shares in Millions	Apr. 24, 2014	Apr. 11, 2014	Feb. 04, 2013	Feb. 01, 2013	Aug. 05, 2009	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Public Offering
Proceeds from issuance public offering						$ 0	$ 0	$ 378,804,000
First Offering
Public Offering
Commencement Date of Public Offering					Aug. 5, 2009
Termination Date Public Offering				Feb. 1, 2013
Second Offering
Public Offering
Commencement Date of Public Offering			Feb. 4, 2013
Termination Date Public Offering		Apr. 11, 2014
Maximum proceeds from public offering			$ 3,500,000,000
Dividend Reinvestment Plan
Public Offering
Commencement Date of Public Offering	Apr. 24, 2014
Maximum proceeds from public offering						$ 500,000,000
Public Offerings
Public Offering
Proceeds from issuance public offering									$ 3,000,000,000
Issuance of common shares, shares									297.6

Organization (Real Estate Inves

Organization (Real Estate Investments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)real_estate_loanreal_estate_investment	Dec. 31, 2015USD ($)
Real Estate Properties
Number of real estate investments	41
Flagship Capital Joint Venture
Real Estate Properties
Parent ownership percentage	97.00%
Mortgage loans on real estate, number of loans | real_estate_loan	2
Domestic office investments
Real Estate Properties
Number of real estate investments	11
Domestic other investments
Real Estate Properties
Number of real estate investments	8
International office investments
Real Estate Properties
Number of real estate investments	10
International other investments
Real Estate Properties
Number of real estate investments	12
Flagship Capital Joint Venture
Real Estate Properties
Loans and Leases Receivable, Gross | $	$ 15,224	$ 38,795

Organization (Joint Ventures, E

Organization (Joint Ventures, Equity Method Investments, Noncontrolling Interests) (Details)	Jan. 14, 2009USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2016USD ($)Parcel	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Aug. 31, 2014USD ($)
Subsidiary of Limited Liability Company or Limited Partnership
Contribution from noncontrolling interest				$ 0	$ 953,000	$ 3,894,000
Distributions from unconsolidated entities				7,504,000	0	0
Real estate loans receivable, net				$ 15,291,000	55,280,000
Equity in earnings					408,000	$ 0
Flagship Capital Joint Venture
Subsidiary of Limited Liability Company or Limited Partnership
Parent ownership percentage				97.00%
WaterWall Place JV
Subsidiary of Limited Liability Company or Limited Partnership
Parent ownership percentage				93.00%
Aviva Coral Gables JV
Subsidiary of Limited Liability Company or Limited Partnership
Parent ownership percentage				83.00%
The Rim
Subsidiary of Limited Liability Company or Limited Partnership
Number of Parcels | Parcel				3
The Rim | Variable Interest Entity, Not Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Loan commitment							$ 20,800,000
@ 1377 Equity Method Investment | Variable Interest Entity, Not Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Loan commitment				$ 3,200,000
Equity in earnings			$ 3,600,000
Unconsolidated VIE investment, ownership percentage			51.70%
Secured loan held by VIE				23,300,000
Hines Global REIT, Inc
Subsidiary of Limited Liability Company or Limited Partnership
Proceeds from issuance, initial public offering	$ 10,000
Hines Global REIT, Inc | Variable Interest Entity, Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Proceeds received from capital distributions, net of contributions received				21,900,000
Distributions from unconsolidated entities				$ 200,000	13,100,000
Capital contributions to joint venture (net of distributions)					$ 4,400,000
Hines Global REIT, Inc | Brindleyplace JV
Subsidiary of Limited Liability Company or Limited Partnership
Parent ownership percentage				60.00%
Hines Global REIT, Inc | Flagship Capital Joint Venture | Variable Interest Entity, Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Parent ownership percentage				97.00%
Hines Global REIT Associates Limited Partnership
Subsidiary of Limited Liability Company or Limited Partnership
Contribution from noncontrolling interest	$ 190,000
Noncontrolling interest, ownership percentage	95.00%			0.01%	0.01%
Moorfield Real Estate Fund II GP Ltd | Brindleyplace JV
Subsidiary of Limited Liability Company or Limited Partnership
Noncontrolling interest, ownership percentage				40.00%
Flagship Capital GP | Flagship Capital Joint Venture | Variable Interest Entity, Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Noncontrolling interest, ownership percentage				3.00%
Affiliate of Hines | WaterWall Place JV | Variable Interest Entity, Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Noncontrolling interest, ownership percentage				7.00%
Affiliate of Hines | Aviva Coral Gables JV | Variable Interest Entity, Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Noncontrolling interest, ownership percentage				17.00%
@ 1377 Equity Method Investment | Variable Interest Entity, Not Primary Beneficiary
Subsidiary of Limited Liability Company or Limited Partnership
Distributions from unconsolidated entities		$ 8,700,000
Contract sales price, real estate		51,000,000
Gain on sale of equity method investment		7,500,000
Distributions received related to repayment of mezzanine loan		$ 4,000,000

Organization (Schedule of Conso

Organization (Schedule of Consolidated VIEs) (Details) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Maximum risk of loss	$ 30,446	$ 52,394
Assets held by VIEs	136,705	171,172
Assets held as collateral for debt	136,705	171,172
Liabilities held by VIEs	$ 91,792	$ 106,656

Organization (Activity of the C

Organization (Activity of the Companys Unconsolidated Entities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investment in Unconsolidated Affiliates
Beginning balance	$ 2,006	$ 2,873	$ 3,573
Equity in earnings	7,504	0	0
Equity in earnings		408	0
Distributions	(9,510)	(1,275)	(700)
Ending balance	$ 0	$ 2,006	$ 2,873

Organization (VIE Maximum Expos

Organization (VIE Maximum Exposure) (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entity
Investments in Unconsolidated VIEs	$ 0	$ 2,006
Maximum Risk Loss	$ 0	$ 18,619

Summary of Significant Accoun46

Summary of Significant Accounting Policies (International Operations) (Details) - USD ($)	2 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Intercompany Foreign Currency Balance
Equity method investments impairment		$ 0	$ 0	$ 0
Recognition of accumulated other comprehensive loss into earnings		$ 40,647,000	40,516,000	$ 101,397,000
Repayment of intercompany loan with a foreign subsidiary
Intercompany Foreign Currency Balance
Recognition of accumulated other comprehensive loss into earnings			$ 15,100,000
Disposal of a Foreign Subsidiary
Intercompany Foreign Currency Balance
Foreign currency translation loss	$ 6,800,000

Summary of Significant Accoun47

Summary of Significant Accounting Policies (Useful Lives of Real Estate) (Details)	12 Months Ended
	Dec. 31, 2016
Furniture and Fixtures
Property, Plant and Equipment
Estimated useful life	10 years
Electrical and Mechanical Installations | Minimum
Property, Plant and Equipment
Estimated useful life	15 years
Electrical and Mechanical Installations | Maximum
Property, Plant and Equipment
Estimated useful life	20 years
Building | Maximum
Property, Plant and Equipment
Estimated useful life	40 years

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Restricted Cash and Cash Equivalents	$ 29,331,000	$ 19,764,000	$ 20,000,000
Impairment of real estate	0	0	0
Deposits in foreign financial institutions	55,300,000
Allowance for doubtful accounts	2,500,000	1,700,000
Tenant inducement amortization	12,300,000	7,600,000	4,200,000
Amortization of deferred leasing costs	4,000,000	2,500,000	1,800,000
Net deferred financing cost	10,800,000	15,600,000
Amortization of deferred financing costs	5,000,000	6,000,000	6,900,000
Impairment of loans receivable	0	0	$ 0
Allowance for uncollectible financing receivables	0	0
Advance rent	27,300,000	33,400,000
Straight line rent receivable	89,400,000	72,200,000
Common stock redemption liabilities	$ 5,000,000	$ 5,200,000

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Other Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other Assets
Deferred costs	$ 0	$ 1,000
Prepaid expenses	2,647	3,401
Deferred tax assets	11,259	10,501
Other	6,454	449
Other assets	20,360	$ 15,351
Payment of cash collateral on notes payable	$ 6,300

Investment Property Tabular Dis

Investment Property Tabular Disclosure (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real Estate Investment Property, at Cost
Investment property, net	$ 3,049,643	$ 3,267,877
Buildings and improvements, net
Real Estate Investment Property, at Cost
Investment property, gross	2,612,274	2,776,740
Less: accumulated depreciation	(246,940)	(200,311)
Investment property, net	2,365,334	2,576,429
Land
Real Estate Investment Property, at Cost
Investment property, gross	$ 684,309	$ 691,448

Investment Property (Narratives

Investment Property (Narratives) (Details) $ in Thousands, £ in Millions, AUD in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)$ / £	Dec. 31, 2014GBP (£)$ / £	Nov. 30, 2014USD ($)$ / AUD	Nov. 30, 2014AUD$ / AUD	Apr. 30, 2012USD ($)$ / AUD	Apr. 30, 2012AUD$ / AUD	Dec. 31, 2011USD ($)	Mar. 31, 2011USD ($)$ / £	Mar. 31, 2011GBP (£)$ / £	Jun. 30, 2010USD ($)
Property Subject to or Available for Operating Lease
Gain on sale of investment real estate	$ 127,294	$ 0	$ 0	$ 0	$ 15,756	$ 55	$ 0	$ (1,127)	$ 127,294	$ 14,684	$ 64,003
Komo Plaza
Property Subject to or Available for Operating Lease
Contract sales price, real estate	$ 276,000								276,000
Contract purchase price, real estate																	$ 160,000
Gain on sale of investment real estate									$ 127,300
17600 Gillette
Property Subject to or Available for Operating Lease
Contract sales price, real estate					$ 30,900					30,900
Contract purchase price, real estate																				$ 20,400
Gain on sale of investment real estate										$ 15,800
One Fourty Four Montague
Property Subject to or Available for Operating Lease
Contract sales price, real estate													$ 79,300	AUD 93
Contract purchase price, real estate															$ 91,300	AUD 88.1
Gain on sale of investment real estate											1,800
Foreign currency exchange rate, translation | $ / AUD													0.83	0.83	1.04	1.04
Stonecutter Court
Property Subject to or Available for Operating Lease
Contract sales price, real estate											175,600	£ 112
Contract purchase price, real estate																		$ 145,600	£ 90.9
Gain on sale of investment real estate											$ 61,100
Foreign currency exchange rate, translation | $ / £											1.57	1.57						1.60	1.60

Investment Property (Intangible

Investment Property (Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite Lived Intangible Assets
Net	$ 506,075	$ 672,784
Out-of-Market Lease Liabilities, Cost	(116,717)	(123,124)
Out-of-Market Lease Liabilities, Less: accumulated amortization	34,363	27,428
Out-of-Market Lease Liabilities, Net	(82,354)	(95,696)
In-Place Leases
Finite Lived Intangible Assets
Cost	793,018	894,110
Less: accumulated amortization	(334,249)	(286,903)
Net	458,769	607,207
Out-of-Market Lease Assets
Finite Lived Intangible Assets
Cost	96,912	108,660
Less: accumulated amortization	(49,606)	(43,083)
Net	$ 47,306	$ 65,577

Investment Property (Intangib53

Investment Property (Intangible Assets Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
In-Place Leases
Finite Lived Intangible Assets
Amortization of lease intangibles	$ 100,300	$ 115,700	$ 127,200
In-Place Leases
2,017	70,237
2,018	55,492
2,019	44,366
2,020	35,615
2,021	24,248
Out-of-Market Leases, Net
Finite Lived Intangible Assets
Amortization of lease intangibles	2,800	$ 2,800	$ 5,400
Out-of-Market Leases, Net
2,017	(486)
2,018	(2,135)
2,019	(3,585)
2,020	(3,347)
2,021	$ (1,004)

Investment Property (Future Min

Investment Property (Future Minimum Rent) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Operating Leases Future Minimum Payments Receivable
2,017	$ 321,902
2,018	279,769
2,019	259,635
2,020	227,503
2,021	191,071
Thereafter	1,145,134
Total	$ 2,425,014

Recent Acquisitions of Real E55

Recent Acquisitions of Real Estate (Business Combinations Narratives) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)	Dec. 20, 2016ft²	Dec. 30, 2015ft²	Dec. 03, 2015ft²	Apr. 30, 2015ft²	Jan. 07, 2015ft²
Business Acquisition
Aggregate net purchase price | $		$ 544.2	$ 732.9
Number of real estate properties acquired | property		4	4
The Rim Phase VII Acquired 12/20/16
Business Acquisition
Aggregate net purchase price | $	$ 38.1
Area of real estate property (sqft)					96,742
Percentage of Net Rentable Area					9.40%
Simon Hegele Logistics Phase II
Business Acquisition
Area of real estate property (sqft)									236,661
Percentage of Net Rentable Area									38.90%
The Harder German Logistics Portfolio
Business Acquisition
Area of real estate property (sqft)							677,374
Percentage of Net Rentable Area							52.70%
The Rim Phase V Acquired 4/30/15
Business Acquisition
Area of real estate property (sqft)								259,316
Percentage of Net Rentable Area								27.80%
The Rim Phase VI Acquired 12/30/15
Business Acquisition
Area of real estate property (sqft)						28,901
Percentage of Net Rentable Area						3.10%
Prior Year Acquisitions
Business Acquisition
Acquisition related expenses and fees excluded from pro forma net loss | $	$ 0.6	$ 19.3	$ 47.5
Two Years Prior Acquisitions
Business Acquisition
Acquisition related expenses and fees excluded from pro forma net loss | $			$ 47.5	$ 82.1

Recent Acquisitions of Real E56

Recent Acquisitions of Real Estate (Details) $ in Thousands	Dec. 31, 2016USD ($)	Dec. 20, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 03, 2015USD ($)building	Apr. 01, 2015building	Mar. 04, 2015USD ($)	Jan. 07, 2015USD ($)	Oct. 31, 2014USD ($)	Mar. 28, 2014USD ($)
Net Assets Acquired
Out-of-Market Lease Intangibles, Net	$ (82,354)		$ (95,696)
The Rim
Net Assets Acquired
Building and Improvements		$ 153,082
Land		102,170
In-place Lease Intangible		59,450
Out-of-Market Lease Intangibles, Net		(28,810)
Net Acquisitions		$ 285,892
Simon Hegele Logistics
Net Assets Acquired
Building and Improvements							$ 56,428
Land							13,245
In-place Lease Intangible							9,154
Out-of-Market Lease Intangibles, Net							41
Net Acquisitions							$ 78,868
The Summit
Net Assets Acquired
Building and Improvements						$ 217,974
Land						68,090
In-place Lease Intangible						45,360
Out-of-Market Lease Intangibles, Net						(14,920)
Net Acquisitions						$ 316,504
The Harder German Logistics Portfolio
Net Assets Acquired
Building and Improvements				$ 89,368
Land				16,362
In-place Lease Intangible				15,413
Out-of-Market Lease Intangibles, Net				5,392
Net Acquisitions				$ 126,535
Number of Buildings | building					2
25 Cabot Square
Net Assets Acquired
Building and Improvements									$ 165,121
In-place Lease Intangible									206,640
Out-of-Market Lease Intangibles, Net									(16)
Net Acquisitions									$ 371,745
818 Bourke
Net Assets Acquired
Building and Improvements								$ 82,867
Land								36,487
In-place Lease Intangible								17,082
Out-of-Market Lease Intangibles, Net								(792)
Net Acquisitions								$ 135,644
The Harder German Logistics Portfolio (Duisburg)
Net Assets Acquired
Number of Buildings | building				1

Recent Acquisitions of Real E57

Recent Acquisitions of Real Estate (Intangible Assets) (Details)	Dec. 20, 2016	Dec. 30, 2015	Dec. 03, 2015	Apr. 30, 2015	Apr. 01, 2015	Mar. 04, 2015	Jan. 07, 2015	Oct. 31, 2014	Jun. 03, 2014	Mar. 28, 2014	Feb. 13, 2014
The Rim Phase VII Acquired 12/20/16
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period	5 years 10 months 24 days
The Summit
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period						5 years 7 months 6 days
The Rim Phase V Acquired 4/30/15
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period				6 years
The Rim Phase VI Acquired 12/30/15
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period		6 years 6 months
The Rim
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period											35 years 3 months 18 days
25 Cabot Square
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period										3 years
818 Bourke
Acquired Finite-Lived Intangible Assets
Below-Market Lease Liabilities, weighted average amortization period								3 years 1 month 6 days
In-Place Leases | The Rim Phase VII Acquired 12/20/16
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period	20 years
In-Place Leases | Simon Hegele Logistics Phase II
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period							11 years 3 months 18 days
In-Place Leases | The Summit
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period						5 years 1 month 6 days
In-Place Leases | The Harder German Logistics Portfolio
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period					10 years
In-Place Leases | The Rim Phase V Acquired 4/30/15
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period				11 years 3 months 18 days
In-Place Leases | The Rim Phase VI Acquired 12/30/15
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period		7 years 9 months 18 days
In-Place Leases | The Harder German Logistics Portfolio (Duisburg)
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period			13 years 10 months 24 days
In-Place Leases | The Rim
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period											16 years 6 months
In-Place Leases | 25 Cabot Square
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period										11 years 8 months 12 days
In-Place Leases | Simon Hegele Logistics Phase I
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period									13 years 4 months 24 days
In-Place Leases | 818 Bourke
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period								4 years 1 month 6 days
Out-of-Market Lease Assets | The Rim Phase VII Acquired 12/20/16
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period	12 years 9 months 18 days
Out-of-Market Lease Assets | The Summit
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period						3 years
Out-of-Market Lease Assets | The Harder German Logistics Portfolio
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period					5 years 8 months 12 days
Out-of-Market Lease Assets | The Rim Phase V Acquired 4/30/15
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period				9 years 9 months 18 days
Out-of-Market Lease Assets | The Rim Phase VI Acquired 12/30/15
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period		8 years 6 months
Out-of-Market Lease Assets | The Harder German Logistics Portfolio (Duisburg)
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period			15 years
Out-of-Market Lease Assets | The Rim
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period											12 years 10 months 24 days
Out-of-Market Lease Assets | 25 Cabot Square
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period										6 months
Out-of-Market Lease Assets | Simon Hegele Logistics Phase I
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period									13 years 4 months 24 days
Out-of-Market Lease Assets | 818 Bourke
Acquired Finite-Lived Intangible Assets
Lease Assets, weighted average amortization period								3 years 3 months 18 days

Recent Acquisitions of Real E58

Recent Acquisitions of Real Estate (Income From Acquisition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
The Rim
Business Acquisition
Revenue of acquiree since acquisition date	$ 27,653	$ 23,458	$ 17,240
Net income (loss) of acquiree since acquisition date	$ 4,898	2,853	369
Simon Hegele Logistics
Business Acquisition
Revenue of acquiree since acquisition date		5,336	2,110
Net income (loss) of acquiree since acquisition date		48	(3,974)
The Summit
Business Acquisition
Revenue of acquiree since acquisition date		21,756
Net income (loss) of acquiree since acquisition date		439
The Harder German Logistics Portfolio
Business Acquisition
Revenue of acquiree since acquisition date		3,766
Net income (loss) of acquiree since acquisition date		$ (8,762)
25 Cabot Square
Business Acquisition
Revenue of acquiree since acquisition date			26,666
Net income (loss) of acquiree since acquisition date			(16,639)
818 Bourke
Business Acquisition
Revenue of acquiree since acquisition date			1,980
Net income (loss) of acquiree since acquisition date			$ (7,700)

Recent Acquisitions of Real E59

Recent Acquisitions of Real Estate (Pro Forma Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Acquisition Pro Forma Information
Revenues	$ 478,783	$ 477,778
Net income (loss)	$ 156,395	$ 11,853
Basic and diluted income (loss) per common share (usd per share)	$ 0.54	$ 0.02
Prior Year Acquisitions
Business Acquisition Pro Forma Information
Revenues		$ 486,274	$ 491,187
Net income (loss)		$ 13,854	$ 58,514
Basic and diluted income (loss) per common share (usd per share)		$ 0.03	$ 0.20
Two Years Prior Acquisitions
Business Acquisition Pro Forma Information
Revenues			$ 477,692	$ 392,489
Net income (loss)			$ 56,503	$ (20,717)
Basic and diluted income (loss) per common share (usd per share)			$ 0.21	$ (0.11)

Real Estate Loans Receivable (D

Real Estate Loans Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable, Net Amount
(Origination)/Exit fees	$ 10,800	$ 15,600
Total Real Estate Loans Receivable	$ 15,291	55,280
Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Interest Rate (percent)	6.33%
Total Loan Commitment	$ 45,067
Loans and Leases Receivable, Gross	15,224	38,795
(Origination)/Exit fees	67	(128)
Total Real Estate Loans Receivable	15,291	38,667
@1377 Development
Loans and Leases Receivable, Net Amount
Total Loan Commitment	3,962
Total Real Estate Loans Receivable	0	3,962
The Rim
Loans and Leases Receivable, Net Amount
Total Loan Commitment	20,750
Total Real Estate Loans Receivable	0	12,651
Falls of Kirkwood | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Total Loan Commitment	6,300
Loans and Leases Receivable, Gross	0	4,964
Precinct Villages | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Total Loan Commitment	2,595
Loans and Leases Receivable, Gross	$ 0	1,793
Randalls | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Interest Rate (percent)	6.25%
Total Loan Commitment	$ 10,939
Loans and Leases Receivable, Gross	$ 8,953	8,747
Finesilver | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Interest Rate (percent)	6.45%
Total Loan Commitment	$ 7,233
Loans and Leases Receivable, Gross	6,271	5,684
Dymaxion Apartments | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Total Loan Commitment	8,500
Loans and Leases Receivable, Gross	0	8,288
Marbach Park Apartments | Flagship Capital Joint Venture
Loans and Leases Receivable, Net Amount
Total Loan Commitment	9,500
Loans and Leases Receivable, Gross	$ 0	$ 9,319

Debt Financing (Details)

Debt Financing (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Mar. 28, 2017	Dec. 31, 2016	Dec. 31, 2015	Apr. 30, 2014	Apr. 30, 2012
Debt Instrument
Principal Outstanding			$ 2,215,717,000	$ 2,557,744,000
Debt, weighted average years to maturity			2 years 4 months 24 days	3 years 3 months 18 days
Debt, weighted average interest rate (percent)			2.40%	2.30%
Debt instrument, description of variable rate basis			LIBOR, EURIBOR or the BBSY screen rate
Minimum
Debt Instrument
Derivative, cap interest rate (percent)			1.50%
Minimum | LIBOR
Debt Instrument
Debt instrument, basis spread on variable rate (percent)			0.65%
Maximum
Debt Instrument
Derivative, cap interest rate (percent)			4.00%
Maximum | LIBOR
Debt Instrument
Debt instrument, basis spread on variable rate (percent)			2.50%
JP Morgan Revolving Credit Facility
Debt Instrument
Foreign currency commitments, maximum borrowing capacity					$ 400,000,000	$ 212,500,000
Credit agreement, current borrowing capacity	$ 425,000,000
Credit facility, maximum borrowing capacity					750,000,000
Credit facility, period of extension options	1 year
Principal Outstanding, LOC			$ 119,000,000	$ 327,000,000
JP Morgan Chase Revolving Credit Facility - Term Loan
Debt Instrument
Credit agreement, current borrowing capacity	$ 495,000,000				378,000,000	$ 200,000,000
Credit facility, maximum borrowing capacity					250,000,000
Principal Outstanding, LOC			495,000,000	$ 495,000,000
Revolving Credit Facility (Including Revolving and Term Loans)
Debt Instrument
Credit agreement, current borrowing capacity	920,000,000
Credit facility, maximum borrowing capacity	$ 1,250,000,000				$ 1,000,000,000
Credit facility, additional borrowings			159,000,000
Credit facility, repayments			367,000,000
Revolving Credit Facility (Including Revolving and Term Loans) | Subsequent Event
Debt Instrument
Credit facility, additional borrowings		$ 38,000,000
Credit facility, repayments		10,000,000
Principal Outstanding, LOC		$ 642,000,000
Interest Rate Cap
Debt Instrument
Debt Instrument Principal Amount Capped			$ 398,800,000

Debt Financing (Schedule of Lon

Debt Financing (Schedule of Long Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument
Principal Outstanding	$ 2,215,717	$ 2,557,744
Unamortized Premium/ (Discount)		105
Unamortized Deferred Financing Fees	(8,418)	(12,193)
Notes Payable	$ 2,207,299	2,545,656
JP Morgan Revolving Credit Facility
Debt Instrument
Interest Rate, LOC (percent)	2.34%
Principal Outstanding, LOC	$ 119,000	327,000
JP Morgan Chase Revolving Credit Facility - Term Loan
Debt Instrument
Interest Rate, LOC (percent)	2.32%
Principal Outstanding, LOC	$ 495,000	495,000
Brindleyplace JV | Secured Debt
Debt Instrument
Interest Rate (percent)	1.98%
Principal Outstanding	$ 149,343	179,197
Southpark | Secured Debt
Debt Instrument
Principal Outstanding		18,000
50 South Sixth | Secured Debt
Debt Instrument
Interest Rate (percent)	2.22%
Principal Outstanding	$ 125,000	125,000
Flagship Capital Joint Venture | Secured Debt
Debt Instrument
Interest Rate, LOC (percent)	4.25%
Principal Outstanding, LOC	$ 512	14,943
Flagship Capital Joint Venture | Secured Debt | Minimum
Debt Instrument
Debt instrument, stated percentage	4.25%
100 Brookes Street | Secured Debt
Debt Instrument
Interest Rate (percent)	4.14%
Principal Outstanding	$ 31,109	31,546
Poland Logistics Portfolio | Secured Debt
Debt Instrument
Interest Rate (percent)	2.00%
Principal Outstanding	$ 64,294	67,601
Minneapolis Retail Center | Secured Debt
Debt Instrument
Interest Rate (percent)	3.50%
Principal Outstanding	$ 65,500	65,500
825 Ann | Secured Debt
Debt Instrument
Interest Rate (percent)	2.45%
Principal Outstanding	$ 58,320	59,139
Mercedes Benz Bank | Secured Debt
Debt Instrument
Interest Rate (percent)	1.24%
Principal Outstanding	$ 35,041	36,719
465 Victoria | Secured Debt
Debt Instrument
Interest Rate (percent)	3.10%
Principal Outstanding	$ 38,293	38,831
New City | Secured Debt
Debt Instrument
Interest Rate (percent)	2.30%
Principal Outstanding	$ 73,612	83,978
One Westferry Circus | Secured Debt
Debt Instrument
Interest Rate (percent)	3.30%
Principal Outstanding	$ 59,213	71,050
The Campus at Playa Vista | Secured Debt
Debt Instrument
Interest Rate (percent)	2.02%
Principal Outstanding	$ 150,000	150,000
Perspective Defense | Secured Debt
Debt Instrument
Interest Rate (percent)	2.19%
Principal Outstanding	$ 73,612	76,342
Fiege Mega Centre | Secured Debt
Debt Instrument
Interest Rate (percent)	1.38%
Principal Outstanding	$ 23,924	25,135
55 M Street | Secured Debt
Debt Instrument
Interest Rate (percent)	2.22%
Principal Outstanding	$ 72,000	72,000
25 Cabot Square | Secured Debt
Debt Instrument
Interest Rate (percent)	3.50%
Principal Outstanding	$ 152,658	183,175
Simon Hegele Logistics | Secured Debt
Debt Instrument
Interest Rate (percent)	1.90%
Principal Outstanding	$ 37,167	38,940
818 Bourke | Secured Debt
Debt Instrument
Interest Rate (percent)	2.50%
Principal Outstanding	$ 62,254	64,952
The Summit | Secured Debt
Debt Instrument
Interest Rate (percent)	2.17%
Principal Outstanding	$ 170,000	170,000
The Harder German Logistics Portfolio | Secured Debt
Debt Instrument
Interest Rate (percent)	0.95%
Principal Outstanding	$ 72,275	76,106
WaterWall Place JV | Construction Loan Payable
Debt Instrument
Interest Rate (percent)	2.36%
Principal Outstanding	$ 44,897	44,897
Aviva Coral Gables JV | Construction Loan Payable
Debt Instrument
Interest Rate (percent)	2.77%
Principal Outstanding	$ 42,693	$ 42,693

Debt Financing (Principal Payme

Debt Financing (Principal Payment Schedule By Year) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Principal Payments
2,017	$ 301,993
2,018	515,915
2,019	946,990
2,020	212,979
2,021	67,840
Thereafter	$ 170,000

Derivative Instruments (Details

Derivative Instruments (Details) - Not Designated as Hedging Instrument - Interest Rate Cap $ in Thousands	Dec. 31, 2016USD ($)
Euro Interbank Offered Rate (Euribor) | Mercedes Benz Bank
Derivatives
Notional Amount	$ 35,041
Pay Rate/Strike Rate (percent)	1.50%
Euro Interbank Offered Rate (Euribor) | New City
Derivatives
Notional Amount	$ 55,070
Pay Rate/Strike Rate (percent)	2.50%
Euro Interbank Offered Rate (Euribor) | Perspective Defense
Derivatives
Notional Amount	$ 73,612
Pay Rate/Strike Rate (percent)	2.00%
Euro Interbank Offered Rate (Euribor) | Fiege Mega Centre
Derivatives
Notional Amount	$ 23,924
Pay Rate/Strike Rate (percent)	2.00%
Bank Bill Swap Rate (BBSW) | 465 Victoria
Derivatives
Notional Amount	$ 19,147
Pay Rate/Strike Rate (percent)	2.50%
Bank Bill Swap Rate (BBSW) | 825 Ann
Derivatives
Notional Amount	$ 29,160
Pay Rate/Strike Rate (percent)	3.25%
Bank bill swap bid rate (bbsy) | 818 Bourke
Derivatives
Notional Amount	$ 31,577
Pay Rate/Strike Rate (percent)	4.00%
Contract 1 | Euro Interbank Offered Rate (Euribor) | Poland Logistics Portfolio
Derivatives
Notional Amount	$ 48,759
Pay Rate/Strike Rate (percent)	2.00%
Contract 1 | Euro Interbank Offered Rate (Euribor) | The Harder Logistics Portfolio
Derivatives
Notional Amount	$ 32,254
Pay Rate/Strike Rate (percent)	1.50%
Contract 2 | Euro Interbank Offered Rate (Euribor) | Poland Logistics Portfolio
Derivatives
Notional Amount	$ 10,173
Pay Rate/Strike Rate (percent)	2.00%
Contract 2 | Euro Interbank Offered Rate (Euribor) | The Harder Logistics Portfolio
Derivatives
Notional Amount	$ 40,049
Pay Rate/Strike Rate (percent)	1.50%
Contract 3 | Euro Interbank Offered Rate (Euribor) | Poland Logistics Portfolio
Derivatives
Notional Amount	$ 56,710
Pay Rate/Strike Rate (percent)	2.00%

Derivative Instruments (Fair Va

Derivative Instruments (Fair Value on Balance Sheet) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivative Assets	$ 40	$ 675
Derivative Liabilities	0	0
Interest Rate Cap
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivative Assets	40	675
Derivative Liabilities	$ 0	$ 0

Derivative Instruments (Stateme

Derivative Instruments (Statement of Operations Gain Loss) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative, Gain (Loss) on Derivative, Net
Gain (Loss) on Derivative Instruments	$ (689)	$ 562	$ 7,322
Interest Rate Swap
Derivative, Gain (Loss) on Derivative, Net
Gain (Loss) on Derivative Instruments	0	2,661	4,122
Interest Rate Cap
Derivative, Gain (Loss) on Derivative, Net
Gain (Loss) on Derivative Instruments	(689)	(2,099)	(4,131)
Forward Contracts
Derivative, Gain (Loss) on Derivative, Net
Gain (Loss) on Derivative Instruments	$ 0	$ 0	$ 7,331

Distributions (Details)

Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended			39 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2017
Distributions
Cash Distributions, Stockholders	$ 85,820	$ 83,481	$ 79,555
Distributions Reinvested, Stockholders	94,003	93,812	91,530
Total Declared, Stockholders	179,823	177,293	171,085
Total Declared, Noncontrolling Interests	5,691	4,221	4,668
Moorfield
Distributions
Total Declared, Noncontrolling Interests	$ 3,600	$ 3,400	$ 4,300
Scenario, Forecast
Distributions
Distributions declared, per share, per day (in dollars per share)				$ 0.0017808

Related Party Transactions (by

Related Party Transactions (by Category) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction
Due to related parties	$ 17,914	$ 14,469
Dealer Manager | Selling Commissions
Related Party Transaction
Related party transaction, expenses	0	0	$ 27,021
Due to related parties	0	0
Dealer Manager | Dealer Manager Fee
Related Party Transaction
Related party transaction, expenses	0	0	9,334
Due to related parties	0	0
The Advisor | Issuer Costs
Related Party Transaction
Related party transaction, expenses	41	61	1,975
Due to related parties	8	0
The Advisor | Disposition Fee
Related Party Transaction
Related party transaction, expenses	3,024	309	2,543
Due to related parties	2,760	309
The Advisor | Other
Related Party Transaction
Related party transaction, expenses	6,834	6,768	6,713
Due to related parties	1,644	1,574
The Advisor and Affiliate of Hines | Acquisition Fee
Related Party Transaction
Related party transaction, expenses	191	8,797	18,188
Due to related parties	191	0
The Advisor and Affiliate of Hines | Asset Management Fee
Related Party Transaction
Related party transaction, expenses	36,810	35,725	34,881
Due to related parties	8,922	8,493
Hines | Property Management Fees
Related Party Transaction
Related party transaction, expenses	7,564	7,518	6,680
Due to related parties	(46)	(12)
Hines | Construction Management Fees
Related Party Transaction
Related party transaction, expenses	757	132	2,556
Due to related parties	246	27
Hines | Leasing Fees
Related Party Transaction
Related party transaction, expenses	4,584	4,446	2,138
Due to related parties	3,455	3,417
Hines | Redevelopment Construction Management Fee Hines
Related Party Transaction
Related party transaction, expenses	0	0	9
Due to related parties	0	0
Hines | Expense Reimbursements
Related Party Transaction
Related party transaction, expenses	11,835	11,098	$ 10,777
Due to related parties	$ 734	$ 661

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) $ in Thousands	Apr. 01, 2015	Mar. 31, 2015	Mar. 31, 2012	Mar. 31, 2012	Dec. 31, 2016USD ($)fiscal_quarter	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2012USD ($)
The Advisor and Affiliate of Hines | Acquisition Fee
Related Party Transaction
Related party fee, percentage	0.50%	2.25%
Related party transaction, expenses					$ 191	$ 8,797	$ 18,188
The Advisor and Affiliate of Hines | Asset Management Fee
Related Party Transaction
Related party transaction, expenses					$ 36,810	35,725	34,881
Dealer Manager | Selling Commission
Related Party Transaction
Related party fee, percentage					7.50%
Maximum percentage on gross offering proceeds, re-allowed (percent)					7.00%
Dealer Manager | Dealer Manager Fee
Related Party Transaction
Related party fee, percentage					2.50%
Maximum percentage on gross offering proceeds, re-allowed (percent)					1.50%
Dealer Manager | Reimbursements For Distribution And Marketing Related Costs
Related Party Transaction
Related party fee, percentage					1.00%
The Advisor
Related Party Transaction
Related party asset management fee					$ 36,800	$ 35,700	34,900
Number of consecutive quarters for reimbursement of excess operating expenses | fiscal_quarter					4
Maximum percentage of advisor fees and expenses against gross proceeds (percent)					15.00%
The Advisor | Average Invested Assets
Related Party Transaction
Threshold for reimbursement of excess operating expenses (percent)					2.00%
The Advisor | Modified Net Income
Related Party Transaction
Threshold for reimbursement of excess operating expenses (percent)					25.00%
The Advisor | Asset Management Fee
Related Party Transaction
Asset management fee waiver, percentage						100.00%
The Advisor | Disposition Fee
Related Party Transaction
Related party transaction, expenses					$ 3,024	$ 309	2,543
The Advisor | Acquisition Fee
Related Party Transaction
Related party fee, percentage			2.25%	2.00%
The Advisor | Asset Management Fee
Related Party Transaction
Related party fee, percentage					0.125%
The Advisor | Disposition Fee
Related Party Transaction
Related party fee, percentage					1.00%
The Advisor | Special OP Units
Related Party Transaction
Related party distributions, result of special OP units (percent)					15.00%
Cumulative non-compounded annual pre-tax return (percent)					8.00%
Hines | Development Management Fees
Related Party Transaction
Related party fee, percentage					3.00%
Hines | Construction Management Fees
Related Party Transaction
Related party fee, percentage					5.00%
Related party transaction, expenses					$ 757	$ 132	$ 2,556
@1377 Development
Related Party Transaction
Loan commitment								$ 3,200
WaterWall Place JV
Related Party Transaction
Parent ownership percentage					93.00%
Ponce And Bird
Related Party Transaction
Parent ownership percentage					83.00%
Ponce And Bird | Hines | Development Management Fees
Related Party Transaction
Related party fee, percentage					4.00%
Affiliate of Hines | Variable Interest Entity, Primary Beneficiary | WaterWall Place JV
Related Party Transaction
Noncontrolling interest, ownership percentage					7.00%
Affiliate of Hines | Variable Interest Entity, Primary Beneficiary | Ponce And Bird
Related Party Transaction
Noncontrolling interest, ownership percentage					17.00%

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) £ / shares in Units, $ in Thousands, £ in Millions, shares in Millions	1 Months Ended						12 Months Ended
	Dec. 31, 2014USD ($)shares	Dec. 31, 2014GBP (£)shares	Dec. 31, 2013USD ($)shares	Dec. 31, 2013GBP (£)£ / sharesshares	Dec. 31, 2012USD ($)shares	Dec. 31, 2012GBP (£)shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Noncontrolling Interest
Contribution from noncontrolling interest							$ 0	$ 953	$ 3,894
Distributions declared to noncontrolling interests							5,691	4,221	4,668
Moorfield
Noncontrolling Interest
Distributions declared to noncontrolling interests							3,600	3,400	4,300
Brindleyplace JV | Moorfield
Noncontrolling Interest
Net income (loss), attributable to noncontrolling interest							2,100	2,300	1,500
Flagship Capital Joint Venture
Noncontrolling Interest
Contribution from noncontrolling interest									400
Distributions declared to noncontrolling interests							1,200	200	300
Aviva Coral Gables JV | Affiliate of Hines
Noncontrolling Interest
Contribution from noncontrolling interest								1,000
Distributions declared to noncontrolling interests							600	200
WaterWall Place JV | Affiliate of Hines
Noncontrolling Interest
Contribution from noncontrolling interest									1,500
Distributions declared to noncontrolling interests							300	300
Series B3 Convertible Preferred Equity Certificates | Brindleyplace JV
Noncontrolling Interest
Issuance of preferred stock, shares | shares	1.3	1.3	1.2	1.2	2.5	2.5
Contribution from noncontrolling interest	$ 2,000	£ 1.3	$ 2,000	£ 1.2	$ 4,100	£ 2.5
Preferred stock, redemption price (in GBP per share) | £ / shares				£ 1
Series B3 Convertible Preferred Equity Certificates | Brindleyplace JV | Moorfield
Noncontrolling Interest
Distributions on CPEC							$ 3,600	$ 3,400	$ 4,300

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets, Fair Value Disclosure
Interest rate caps	$ 40	$ 675
Fair Value Measurements Recurring | Interest Rate Cap
Assets, Fair Value Disclosure
Interest rate caps	40	675
Fair Value Measurements Recurring | Quoted Prices In Active Markets for Identical Items (Level 1) | Interest Rate Cap
Assets, Fair Value Disclosure
Interest rate caps	0	0
Fair Value Measurements Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Cap
Assets, Fair Value Disclosure
Interest rate caps	40	675
Fair Value Measurements Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Cap
Assets, Fair Value Disclosure
Interest rate caps	0	0
Fair Value Measurements Nonrecurring
Financial Liabilities Fair Value Disclosure
Notes payable, book value	2,200,000	2,600,000
Fair Value Measurements Nonrecurring | Significant Other Observable Inputs (Level 2)
Financial Liabilities Fair Value Disclosure
Notes payable, fair value	$ 2,200,000	$ 2,600,000

Reportable Segments (Narratives

Reportable Segments (Narratives) (Details)	12 Months Ended
	Dec. 31, 2016real_estate_investmentsegment
Segment Reporting Information
Number of reportable segments | segment	4
Number of real estate investments	41
Domestic office investments
Segment Reporting Information
Number of real estate investments	11
Domestic other investments
Segment Reporting Information
Number of real estate investments	8
International office investments
Segment Reporting Information
Number of real estate investments	10
International other investments
Segment Reporting Information
Number of real estate investments	12

Reportable Segments (Revenue) (

Reportable Segments (Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information
Total Revenue	$ 115,481	$ 121,854	$ 121,637	$ 118,936	$ 124,578	$ 119,533	$ 119,683	$ 113,079	$ 477,908	$ 476,873	$ 456,264
Domestic office investments
Segment Reporting Information
Total Revenue									177,048	168,962	145,941
Domestic other investments
Segment Reporting Information
Total Revenue									123,384	119,083	104,753
International office investments
Segment Reporting Information
Total Revenue									110,308	123,010	140,119
International other investments
Segment Reporting Information
Total Revenue									$ 67,168	$ 65,818	$ 65,451

Reportable Segments (Concentrat

Reportable Segments (Concentration Risk) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue | United States
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	62.00%	60.00%	55.00%
Revenue | United Kingdom
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	15.00%	17.00%	19.00%
Revenue | Australia
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	7.00%	8.00%	8.00%
Revenue | Poland
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	5.00%	5.00%	7.00%
Revenue | Russia
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	3.00%	3.00%	5.00%
Revenue | France
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	3.00%	3.00%	3.00%
Revenue | Germany
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	5.00%	4.00%	3.00%
Assets | United States
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	59.00%	60.00%
Assets | United Kingdom
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	15.00%	16.00%
Assets | Australia
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	8.00%	7.00%
Assets | Poland
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	6.00%	6.00%
Assets | Russia
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	2.00%	1.00%
Assets | France
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	3.00%	3.00%
Assets | Germany
Revenues from External Customers and Long-Lived Assets
Concentration risk, percentage	7.00%	7.00%

Reportable Segments (Property R

Reportable Segments (Property Revenue in Excess of Expenses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information
Total property revenues in excess of expenses	$ 325,659	$ 327,203	$ 319,163
Domestic office investments
Segment Reporting Information
Total property revenues in excess of expenses	113,763	107,116	91,932
Domestic other investments
Segment Reporting Information
Total property revenues in excess of expenses	78,729	76,835	67,297
International office investments
Segment Reporting Information
Total property revenues in excess of expenses	85,986	97,644	114,586
International other investments
Segment Reporting Information
Total property revenues in excess of expenses	$ 47,181	$ 45,608	$ 45,348

Reportable Segments (Assets) (D

Reportable Segments (Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets
Assets	$ 3,988,432	$ 4,372,946
Domestic office investments
Revenues from External Customers and Long-Lived Assets
Assets	1,454,943	1,503,926
Domestic other investments
Revenues from External Customers and Long-Lived Assets
Assets	901,120	1,082,241
International office investments
Revenues from External Customers and Long-Lived Assets
Assets	1,003,616	1,090,483
International other investments
Revenues from External Customers and Long-Lived Assets
Assets	584,726	650,168
Corporate-level accounts
Revenues from External Customers and Long-Lived Assets
Assets	$ 44,027	$ 46,128

Reportable Segments (Reconcilia

Reportable Segments (Reconciliation to Consolidated) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting, Other Significant Reconciling Item
Net income (loss)	$ 129,228	$ 12,368	$ 9,155	$ 6,476	$ 7,221	$ 2,153	$ (420)	$ (13,908)	$ 157,227	$ (4,954)	$ 10,842
Depreciation and amortization									(174,110)	(186,965)	(193,870)
Acquisition related expenses									(372)	(10,472)	(29,278)
Asset management and acquisition fees									(37,001)	(44,522)	(53,069)
General and administrative expenses									(11,149)	(8,597)	(6,782)
(Gain) loss on derivatives									(689)	562	7,322
Equity in (earnings) losses of unconsolidated entity									7,504	0	0
(Gain) loss on sale of real estate investments	$ 127,294	$ 0	$ 0	$ 0	$ 15,756	$ 55	$ 0	$ (1,127)	127,294	14,684	64,003
Foreign currency (gains) losses									(8,240)	(21,468)	(13,074)
Interest expense									(64,473)	(71,288)	(78,273)
Interest income									130	427	506
Benefit provision for income taxes									(7,326)	(4,518)	(5,806)
Total property revenues in excess of expenses									325,659	327,203	319,163
Segment Reconciling Items
Segment Reporting, Other Significant Reconciling Item
Net income (loss)									157,227	(4,954)	10,842
Depreciation and amortization									174,110	186,965	193,870
Acquisition related expenses									372	10,472	29,278
Asset management and acquisition fees									37,001	44,522	53,069
General and administrative expenses									11,149	8,597	6,782
(Gain) loss on derivatives									689	(562)	(7,322)
Equity in (earnings) losses of unconsolidated entity									(7,504)	0	0
(Gain) loss on sale of real estate investments									(127,294)	(14,684)	(64,003)
Foreign currency (gains) losses									8,240	21,468	13,074
Interest expense									64,473	71,288	78,273
Interest income									(130)	(427)	(506)
Benefit provision for income taxes									7,326	4,518	5,806
Total property revenues in excess of expenses									$ 325,659	$ 327,203	$ 319,163

Supplemental Cash Flow Disclo78

Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 59,612	$ 66,704	$ 66,592
Cash paid for income taxes	7,634	6,696	4,161
Supplemental Schedule of Non-Cash Activities
Distributions declared and unpaid	21,178	19,837	17,558
Other receivables	0	5	0
Distributions reinvested	94,071	93,785	90,198
Shares tendered for redemption	4,987	5,245	5,505
Non-cash net liabilities acquired	7,965	10,516	2,737
Accrued additions to investment property	$ 2,602	$ 883	$ 2,373

Commitments and Contingencies (

Commitments and Contingencies (Details) - 50 South Sixth - USD ($) $ in Millions	Dec. 31, 2016	May 30, 2016	Nov. 30, 2013
Dorsey and Whitney LLP
Other Commitments
Tenant improvement, maximum exposure			$ 20.8
Tenant improvement, unfunded amount	$ 8.6
Stinson Leonard Street LLP
Other Commitments
Tenant improvement, maximum exposure		$ 12.2
Tenant improvement, unfunded amount	$ 10.9

Quarterly Financial Data (Una80

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Selected Quarterly Financial Information
Revenues	$ 115,481	$ 121,854	$ 121,637	$ 118,936	$ 124,578	$ 119,533	$ 119,683	$ 113,079	$ 477,908	$ 476,873	$ 456,264
Gain (loss) on sale of real estate investments	127,294	0	0	0	15,756	55	0	(1,127)	127,294	14,684	64,003
Net income (loss)	129,228	12,368	9,155	6,476	7,221	2,153	(420)	(13,908)	157,227	(4,954)	10,842
Net (income) loss attributable to noncontrolling interests	(1,086)	(2,160)	(1,645)	(1,286)	(1,358)	(1,086)	(2,063)	(1,170)	(6,177)	(5,677)	(5,764)
Net income (loss) attributable to common stockholders	$ 128,142	$ 10,208	$ 7,510	$ 5,190	$ 5,863	$ 1,067	$ (2,483)	$ (15,078)	$ 151,050	$ (10,631)	$ 5,078
Income (loss) per common share, basic and diluted (in dollars per share)	$ 0.46	$ 0.04	$ 0.03	$ 0.02	$ 0.02	$ 0	$ (0.01)	$ (0.06)	$ 0.55	$ (0.04)	$ 0.02

Subsequent Events (Details)

Subsequent Events (Details) £ in Millions, $ in Millions	Feb. 28, 2017USD ($)£ / $	Feb. 28, 2017GBP (£)£ / $	Dec. 31, 2016	Jul. 31, 2010USD ($)£ / $	Jul. 31, 2010GBP (£)£ / $
Brindleyplace Project
Subsequent Event [Line Items]
Foreign currency exchange rate, translation				1.52	1.52
Contract purchase price, real estate				$ 282.5	£ 186.2
Brindleyplace Project | Subsequent Event
Subsequent Event [Line Items]
Contract sales price, real estate	$ 325.1	£ 260
Foreign currency exchange rate, translation	1.25	1.25
Brindleyplace JV | Hines Global REIT, Inc
Subsequent Event [Line Items]
Parent ownership percentage			60.00%

Schedule II - Valuation and Q82

Schedule II - Valuation and Qualifying Accounts (Details) - Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves
Valuation allowances and reserves, beginning balance	$ 1,666	$ 1,872	$ 2,011
Valuation allowances and reserves, Charged to Costs and Expenses	1,091	558	841
Valuation allowances and reserves, Deductions	(249)	(764)	(980)
Valuation allowances and reserves, ending balance	$ 2,508	$ 1,666	$ 1,872

Schedule III - Real Estate an83

Schedule III - Real Estate and Accumulated Depreciation (Property Table) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate and Accumulated Depreciation
Encumbrances	$ 1,601,205
Initial Cost, Land	731,362
Initial Cost, Buildings and Improvements	2,892,156
Initial Cost, Total	3,623,518
Costs Capitalized Subsequent to Acquisition	(326,935)
Gross Amount at Which Carried at 12/31/2016, Land	684,309
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	2,612,274
Gross Amount at Which Carried at 12/31/2016, Total	3,296,583	$ 3,468,188	$ 3,103,520	$ 2,894,264
Accumulated Depreciation	(246,940)	$ (200,311)	$ (138,821)	$ (94,414)
Brindleyplace Project
Real Estate and Accumulated Depreciation
Encumbrances	149,343
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	207,592
Initial Cost, Total	207,592
Costs Capitalized Subsequent to Acquisition	(20,968)
Gross Amount at Which Carried at 12/31/2016, Land	0
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	186,624
Gross Amount at Which Carried at 12/31/2016, Total	186,624
Accumulated Depreciation	(29,319)
Hock Plaza
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	1,220
Initial Cost, Buildings and Improvements	69,704
Initial Cost, Total	70,924
Costs Capitalized Subsequent to Acquisition	15
Gross Amount at Which Carried at 12/31/2016, Land	1,220
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	69,719
Gross Amount at Which Carried at 12/31/2016, Total	70,939
Accumulated Depreciation	(11,005)
Southpark
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	3,920
Initial Cost, Buildings and Improvements	20,507
Initial Cost, Total	24,427
Costs Capitalized Subsequent to Acquisition	0
Gross Amount at Which Carried at 12/31/2016, Land	3,920
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	20,507
Gross Amount at Which Carried at 12/31/2016, Total	24,427
Accumulated Depreciation	(3,180)
50 South Sixth
Real Estate and Accumulated Depreciation
Encumbrances	125,000
Initial Cost, Land	1,390
Initial Cost, Buildings and Improvements	134,262
Initial Cost, Total	135,652
Costs Capitalized Subsequent to Acquisition	1,599
Gross Amount at Which Carried at 12/31/2016, Land	1,390
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	135,861
Gross Amount at Which Carried at 12/31/2016, Total	137,251
Accumulated Depreciation	(20,848)
F M Logistic
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	5,320
Initial Cost, Buildings and Improvements	51,588
Initial Cost, Total	56,908
Costs Capitalized Subsequent to Acquisition	(30,624)
Gross Amount at Which Carried at 12/31/2016, Land	2,445
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	23,839
Gross Amount at Which Carried at 12/31/2016, Total	26,284
Accumulated Depreciation	(3,390)
Gogolevsky 11
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	85,126
Initial Cost, Total	85,126
Costs Capitalized Subsequent to Acquisition	(44,354)
Gross Amount at Which Carried at 12/31/2016, Land	0
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	40,772
Gross Amount at Which Carried at 12/31/2016, Total	40,772
Accumulated Depreciation	(6,198)
250 Royall
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	8,910
Initial Cost, Buildings and Improvements	22,860
Initial Cost, Total	31,770
Costs Capitalized Subsequent to Acquisition	0
Gross Amount at Which Carried at 12/31/2016, Land	8,910
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	22,860
Gross Amount at Which Carried at 12/31/2016, Total	31,770
Accumulated Depreciation	(3,035)
Campus At Marlborough
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	23,790
Initial Cost, Buildings and Improvements	54,230
Initial Cost, Total	78,020
Costs Capitalized Subsequent to Acquisition	1,464
Gross Amount at Which Carried at 12/31/2016, Land	23,310
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	56,174
Gross Amount at Which Carried at 12/31/2016, Total	79,484
Accumulated Depreciation	(7,218)
9320 Excelsior
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	2,730
Initial Cost, Buildings and Improvements	51,110
Initial Cost, Total	53,840
Costs Capitalized Subsequent to Acquisition	0
Gross Amount at Which Carried at 12/31/2016, Land	2,730
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	51,110
Gross Amount at Which Carried at 12/31/2016, Total	53,840
Accumulated Depreciation	(6,406)
WaterWall Place JV
Real Estate and Accumulated Depreciation
Encumbrances	44,897
Initial Cost, Land	8,229
Initial Cost, Buildings and Improvements	54,825
Initial Cost, Total	63,054
Costs Capitalized Subsequent to Acquisition	163
Gross Amount at Which Carried at 12/31/2016, Land	8,229
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	54,988
Gross Amount at Which Carried at 12/31/2016, Total	63,217
Accumulated Depreciation	(4,452)
Aviva Coral Gables JV
Real Estate and Accumulated Depreciation
Encumbrances	42,693
Initial Cost, Land	12,112
Initial Cost, Buildings and Improvements	48,892
Initial Cost, Total	61,004
Costs Capitalized Subsequent to Acquisition	1,037
Gross Amount at Which Carried at 12/31/2016, Land	12,326
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	49,715
Gross Amount at Which Carried at 12/31/2016, Total	62,041
Accumulated Depreciation	(2,764)
Poland Logistics Portfolio
Real Estate and Accumulated Depreciation
Encumbrances	64,294
Initial Cost, Land	25,893
Initial Cost, Buildings and Improvements	97,627
Initial Cost, Total	123,520
Costs Capitalized Subsequent to Acquisition	(26,735)
Gross Amount at Which Carried at 12/31/2016, Land	19,341
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	77,444
Gross Amount at Which Carried at 12/31/2016, Total	96,785
Accumulated Depreciation	(8,907)
100 Brookes Street
Real Estate and Accumulated Depreciation
Encumbrances	31,109
Initial Cost, Land	8,600
Initial Cost, Buildings and Improvements	41,404
Initial Cost, Total	50,004
Costs Capitalized Subsequent to Acquisition	(14,496)
Gross Amount at Which Carried at 12/31/2016, Land	6,089
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	29,419
Gross Amount at Which Carried at 12/31/2016, Total	35,508
Accumulated Depreciation	(3,280)
Minneapolis Retail Center
Real Estate and Accumulated Depreciation
Encumbrances	65,500
Initial Cost, Land	30,792
Initial Cost, Buildings and Improvements	78,711
Initial Cost, Total	109,503
Costs Capitalized Subsequent to Acquisition	8,863
Gross Amount at Which Carried at 12/31/2016, Land	30,792
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	87,574
Gross Amount at Which Carried at 12/31/2016, Total	118,366
Accumulated Depreciation	(8,847)
550 Terry Francois
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	41,270
Initial Cost, Buildings and Improvements	109,760
Initial Cost, Total	151,030
Costs Capitalized Subsequent to Acquisition	10
Gross Amount at Which Carried at 12/31/2016, Land	41,270
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	109,770
Gross Amount at Which Carried at 12/31/2016, Total	151,040
Accumulated Depreciation	(11,938)
Mercedes Benz Bank
Real Estate and Accumulated Depreciation
Encumbrances	35,041
Initial Cost, Land	11,953
Initial Cost, Buildings and Improvements	47,643
Initial Cost, Total	59,596
Costs Capitalized Subsequent to Acquisition	(11,974)
Gross Amount at Which Carried at 12/31/2016, Land	9,286
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	38,336
Gross Amount at Which Carried at 12/31/2016, Total	47,622
Accumulated Depreciation	(3,644)
One Westferry Circus
Real Estate and Accumulated Depreciation
Encumbrances	59,213
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	48,874
Initial Cost, Total	48,874
Costs Capitalized Subsequent to Acquisition	(8,240)
Gross Amount at Which Carried at 12/31/2016, Land	0
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	40,634
Gross Amount at Which Carried at 12/31/2016, Total	40,634
Accumulated Depreciation	(3,925)
465 Victoria
Real Estate and Accumulated Depreciation
Encumbrances	38,293
Initial Cost, Land	26,566
Initial Cost, Buildings and Improvements	48,788
Initial Cost, Total	75,354
Costs Capitalized Subsequent to Acquisition	(21,265)
Gross Amount at Which Carried at 12/31/2016, Land	18,668
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	35,421
Gross Amount at Which Carried at 12/31/2016, Total	54,089
Accumulated Depreciation	(3,320)
Riverside Center
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	45,888
Initial Cost, Buildings and Improvements	125,014
Initial Cost, Total	170,902
Costs Capitalized Subsequent to Acquisition	288
Gross Amount at Which Carried at 12/31/2016, Land	45,888
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	125,302
Gross Amount at Which Carried at 12/31/2016, Total	171,190
Accumulated Depreciation	(11,814)
New City
Real Estate and Accumulated Depreciation
Encumbrances	73,612
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	115,208
Initial Cost, Total	115,208
Costs Capitalized Subsequent to Acquisition	(25,631)
Gross Amount at Which Carried at 12/31/2016, Land	0
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	89,577
Gross Amount at Which Carried at 12/31/2016, Total	89,577
Accumulated Depreciation	(8,424)
825 Ann
Real Estate and Accumulated Depreciation
Encumbrances	58,320
Initial Cost, Land	20,669
Initial Cost, Buildings and Improvements	83,802
Initial Cost, Total	104,471
Costs Capitalized Subsequent to Acquisition	(31,554)
Gross Amount at Which Carried at 12/31/2016, Land	14,408
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	58,509
Gross Amount at Which Carried at 12/31/2016, Total	72,917
Accumulated Depreciation	(5,361)
The Campus at Playa Vista
Real Estate and Accumulated Depreciation
Encumbrances	150,000
Initial Cost, Land	41,160
Initial Cost, Buildings and Improvements	125,567
Initial Cost, Total	166,727
Costs Capitalized Subsequent to Acquisition	56
Gross Amount at Which Carried at 12/31/2016, Land	41,160
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	125,623
Gross Amount at Which Carried at 12/31/2016, Total	166,783
Accumulated Depreciation	(11,612)
Perspective Defense
Real Estate and Accumulated Depreciation
Encumbrances	73,612
Initial Cost, Land	29,039
Initial Cost, Buildings and Improvements	109,704
Initial Cost, Total	138,743
Costs Capitalized Subsequent to Acquisition	(26,887)
Gross Amount at Which Carried at 12/31/2016, Land	23,293
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	88,563
Gross Amount at Which Carried at 12/31/2016, Total	111,856
Accumulated Depreciation	(7,939)
The Markets at Town Center
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	52,130
Initial Cost, Buildings and Improvements	76,067
Initial Cost, Total	128,197
Costs Capitalized Subsequent to Acquisition	6
Gross Amount at Which Carried at 12/31/2016, Land	52,130
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	76,073
Gross Amount at Which Carried at 12/31/2016, Total	128,203
Accumulated Depreciation	(6,550)
The Avenue Murfreesboro
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	54,940
Initial Cost, Buildings and Improvements	71,990
Initial Cost, Total	126,930
Costs Capitalized Subsequent to Acquisition	26
Gross Amount at Which Carried at 12/31/2016, Land	54,940
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	72,016
Gross Amount at Which Carried at 12/31/2016, Total	126,956
Accumulated Depreciation	(6,102)
2300 Main
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	3,570
Initial Cost, Buildings and Improvements	27,940
Initial Cost, Total	31,510
Costs Capitalized Subsequent to Acquisition	0
Gross Amount at Which Carried at 12/31/2016, Land	3,570
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	27,940
Gross Amount at Which Carried at 12/31/2016, Total	31,510
Accumulated Depreciation	(2,335)
Fiege Mega Centre
Real Estate and Accumulated Depreciation
Encumbrances	23,924
Initial Cost, Land	10,107
Initial Cost, Buildings and Improvements	36,005
Initial Cost, Total	46,112
Costs Capitalized Subsequent to Acquisition	(10,502)
Gross Amount at Which Carried at 12/31/2016, Land	7,771
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	27,839
Gross Amount at Which Carried at 12/31/2016, Total	35,610
Accumulated Depreciation	(2,223)
55 M Street
Real Estate and Accumulated Depreciation
Encumbrances	72,000
Initial Cost, Land	24,810
Initial Cost, Buildings and Improvements	85,277
Initial Cost, Total	110,087
Costs Capitalized Subsequent to Acquisition	534
Gross Amount at Which Carried at 12/31/2016, Land	24,810
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	85,811
Gross Amount at Which Carried at 12/31/2016, Total	110,621
Accumulated Depreciation	(6,600)
The Rim
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost, Land	102,170
Initial Cost, Buildings and Improvements	150,321
Initial Cost, Total	252,491
Costs Capitalized Subsequent to Acquisition	3,174
Gross Amount at Which Carried at 12/31/2016, Land	102,170
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	153,495
Gross Amount at Which Carried at 12/31/2016, Total	255,665
Accumulated Depreciation	(8,311)
25 Cabot Square
Real Estate and Accumulated Depreciation
Encumbrances	152,658
Initial Cost, Land	0
Initial Cost, Buildings and Improvements	165,121
Initial Cost, Total	165,121
Costs Capitalized Subsequent to Acquisition	(33,930)
Gross Amount at Which Carried at 12/31/2016, Land	0
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	131,191
Gross Amount at Which Carried at 12/31/2016, Total	131,191
Accumulated Depreciation	(8,520)
Simon Hegele Logistics
Real Estate and Accumulated Depreciation
Encumbrances	37,167
Initial Cost, Land	13,245
Initial Cost, Buildings and Improvements	56,428
Initial Cost, Total	69,673
Costs Capitalized Subsequent to Acquisition	(13,149)
Gross Amount at Which Carried at 12/31/2016, Land	10,716
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	45,808
Gross Amount at Which Carried at 12/31/2016, Total	56,524
Accumulated Depreciation	(2,679)
818 Bourke
Real Estate and Accumulated Depreciation
Encumbrances	62,254
Initial Cost, Land	36,487
Initial Cost, Buildings and Improvements	82,867
Initial Cost, Total	119,354
Costs Capitalized Subsequent to Acquisition	(21,720)
Gross Amount at Which Carried at 12/31/2016, Land	29,516
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	68,118
Gross Amount at Which Carried at 12/31/2016, Total	97,634
Accumulated Depreciation	(3,692)
The Summit
Real Estate and Accumulated Depreciation
Encumbrances	170,000
Initial Cost, Land	68,090
Initial Cost, Buildings and Improvements	217,974
Initial Cost, Total	286,064
Costs Capitalized Subsequent to Acquisition	674
Gross Amount at Which Carried at 12/31/2016, Land	68,090
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	218,648
Gross Amount at Which Carried at 12/31/2016, Total	286,738
Accumulated Depreciation	(10,112)
Harder Logistics Portfolio
Real Estate and Accumulated Depreciation
Encumbrances	72,275
Initial Cost, Land	16,362
Initial Cost, Buildings and Improvements	89,368
Initial Cost, Total	105,730
Costs Capitalized Subsequent to Acquisition	(2,815)
Gross Amount at Which Carried at 12/31/2016, Land	15,921
Gross Amount at Which Carried at 12/31/2016, Buildings and Improvements	86,994
Gross Amount at Which Carried at 12/31/2016, Total	102,915
Accumulated Depreciation	$ (2,990)

Schedule III - Real Estate an84

Schedule III - Real Estate and Accumulated Depreciation (Narratives) (Details) $ in Billions	12 Months Ended
	Dec. 31, 2016USD ($)
Real Estate and Accumulated Depreciation
Aggregate cost, federal income tax basis	$ 3.4
Furniture and Fixtures
Real Estate and Accumulated Depreciation
Estimated useful life	10 years
Minimum | Electrical and Mechanical Installations
Real Estate and Accumulated Depreciation
Estimated useful life	15 years
Maximum | Electrical and Mechanical Installations
Real Estate and Accumulated Depreciation
Estimated useful life	20 years
Maximum | Building
Real Estate and Accumulated Depreciation
Estimated useful life	40 years

Schedule III - Real Estate an85

Schedule III - Real Estate and Accumulated Depreciation (Rollforward) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Carrying Amount of Real Estate Investments
Balance, beginning of period	$ 3,468,188	$ 3,103,520	$ 2,894,264
Acquisitions	34,396	479,628	484,499
Other additions	20,154	10,905	45,879
Disposals of fully-depreciated assets	(132)	(38)	(23)
Costs of real estate sold	(135,519)	(10,101)	(139,539)
Effect of changes in foreign currency exchange rates	(90,504)	(115,726)	(181,560)
Balance, end of period	3,296,583	3,468,188	3,103,520
Reconciliation of Real Estate Accumulated Depreciation
Balance, beginning of period	(200,311)	(138,821)	(94,414)
Depreciation	(69,805)	(68,722)	(64,846)
Effect of changes in foreign currency exchange rates	8,562	6,184	9,573
Disposals of fully-depreciated assets	132	38	23
Retirement or sales of assets	14,482	1,010	10,843
Balance, end of period	$ (246,940)	$ (200,311)	$ (138,821)

Schedule IV - Mortgage Loans 86

Schedule IV - Mortgage Loans on Real Estate (By Loan) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Mortgage Loans on Real Estate
Aggregate cost, federal income tax basis	$ 15,200
Construction Loans
Mortgage Loans on Real Estate
Prior Liens	0
Face Amount of Mortgages	18,172
Carrying Amount of Mortgages	$ 15,224
Construction Loans | Office | Finesilver
Mortgage Loans on Real Estate
Location	San Antonio, TX
Interest Rate (percent)	6.45%
Prior Liens	$ 0
Face Amount of Mortgages	7,233
Carrying Amount of Mortgages	$ 6,271
Amortization period	25 years
Construction Loans | Shopping Centers | Randalls
Mortgage Loans on Real Estate
Location	Pasadena and Friendswood, TX
Interest Rate (percent)	6.25%
Prior Liens	$ 0
Face Amount of Mortgages	10,939
Carrying Amount of Mortgages	$ 8,953
Amortization period	25 years
Amortization period, interest only payments	18 months

Schedule IV - Mortgage Loans 87

Schedule IV - Mortgage Loans on Real Estate (Rollforward) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Mortgage Loans on Real Estate
Balance at beginning of period	$ 55,408	$ 75,040	$ 43,591
New loans	0	0	45,680
Additional advances on existing loans	6,073	13,183	4,736
Interest income added to principal	694	754	525
Collection of principal	(46,951)	(33,569)	(19,492)
Balance at close of period	$ 15,224	$ 55,408	$ 75,040