| Name | Jurisdiction of Organization | |
| Hines Global REIT Properties LP | Delaware | |
| Hines Global REIT 17600 Gillette GP LLC | Delaware | |
| Hines Global REIT 17600 Gillette LP | Delaware | |
| Hines-Laser UK Venture I S.Á.R.L. (Lux) | Luxembourg | |
| Hines-Lasar Brindley 3 S.Á.R.L. | Luxembourg | |
| Hines-Laser Brindley 4 S.Á.R.L. | Luxembourg | |
| Hines-Laser Brindley 5 S.Á.R.L. | Luxembourg | |
| Hines-Laser Brindley 6 S.Á.R.L. | Luxembourg | |
| Hines-Laser Brindley 9 S.Á.R.L. | Luxembourg | |
| Hines-Laser Brindley 100 S.Á.R.L. | Luxembourg | |
| Hines Global REIT Hock Plaza I LLC | Delaware | |
| Hines Global REIT Southpark Center II GP LLC | Delaware | |
| Hines Global REIT Southpark Center II LP | Delaware | |
| Hines Global REIT 50 South Sixth LLC | Delaware | |
| Hines Global REIT International Investment Manager LLC | Delaware | |
| Hines Global REIT European Holdings LLC | Delaware | |
| Hines Global REIT HoldCo S.Á.R.L. | Luxembourg | |
| Sofina Properties Limited | British Virgin Islands | |
| Hines Global REIT Moscow Holdings I LLC | Delaware | |
| Ifmall Finance Ltd. | British Virgin Islands | |
| Finmos Ltd. | Cyprus | |
| Dolorous Ltd. | Cyprus | |
| ZAO FM Logistic (SEVO) | Russia | |
| Hines Global REIT Moscow Holdings II LLC | Delaware | |
| HGR Moscow G11 Holdings, Ltd. | British Virgin Islands | |
| Glumeran Holdings Limited | Cyprus | |
| Fibersoft Limited | Cyprus | |
| Maxrange Limited | Cyprus | |
| OOO Gogolevsky 11 | Russia | |
| OOO GTN Global Properties 2 | Russia | |
| Hines Global REIT 250 Royall LLC | Delaware | |
| Hines Global REIT Marlborough Campus I LLC | Delaware | |
| Hines Global REIT Marlborough Campus II LLC | Delaware | |
| Hines Global REIT Marlborough Holdings LLC | Delaware | |
| Hines Global REIT Services Holdings, Inc. | Delaware | |
| Hines Global REIT 100/140 Fourth Ave Services, Inc. | Delaware | |
| Hines Global REIT Marlborough Campus Services, Inc. | Delaware | |
| Hines Global REIT 100/140 Fourth Ave LLC | Delaware | |
| Hines Global REIT Ashford Bridge Lender LLC | Delaware | |
| Hines Global REIT Ashford Equity LLC | Delaware | |
| Hines Global REIT Ashford Lender LLC | Delaware | |
| Hines Global REIT One Waterwall Partner LLC | Delaware | |
| Hines One Waterwall Holdings LP | Delaware | |
| Hines One Waterwall GP LLC | Texas | |
| Hines One Waterwall LP | Texas | |
| Name | Jurisdiction of Organization | |
| Hines Global REIT 9320 Excelsior LLC | Delaware | |
| Hines Global REIT Debt Fund Services, Inc. | Delaware | |
| Hines Global REIT Debt Fund Holdings LLC | Delaware | |
| Flagship Capital Partners Fund I LP | Texas | |
| Flagship Capital Partners Fund II LP | Texas | |
| Hines Global REIT Poland Finco LLC | Delaware | |
| Hines Global REIT Poland Logistics Holdings I LLC | Delaware | |
| HGR Poland Holdings GP LLC | Delaware | |
| HGR Vienna Holdings LP | Delaware | |
| HGR Geneva Holdings LP | Delaware | |
| HGR Titus Holdings LP | Delaware | |
| HGR Trajan Holdings LP | Delaware | |
| HGR Hadrian Holdings LP | Delaware | |
| HGR Nero Holdings LP | Delaware | |
| Piran Investments Sp. z o.o. | Poland | |
| Ipopema 57 Fundusz Inwestycyjny Zamkniety Aktywów Niepublicznych | Poland | |
| Piran Investments Sp. z o.o. Geneva SJ | Poland | |
| Piran Investments Sp. z o.o. Titus SJ | Poland | |
| Piran Investments Sp. z o.o. Trajan SJ | Poland | |
| Piran Investments Sp. z o.o. Hadrian SJ | Poland | |
| Piran Investments Sp. z o.o. Nero SJ | Poland | |
| Piran Investments Sp. z o.o. Vienna SJ | Poland | |
| Prologis Poland XCI Sp. z o.o. | Poland | |
| Hines Global REIT Australia Holdco LLC | Delaware | |
| Hines Global REIT Australia Holdings Trust | Australia | |
| Hines Global REIT Montague Trust | Australia | |
| Hines Global REIT Brookes Trust | Australia | |
| Hines Global REIT 550 Terry Francois LP | Delaware | |
| Hines Global REIT 550 Terry Francois GP LLC | Delaware | |
| Hines Global REIT Minnesota Retail I LLC | Delaware | |
| Galleria Shopping Center LLC | Minnesota | |
| Hines Global REIT Ann Trust | Australia | |
| Ponce & Bird Miami Development LLC | Delaware | |
| Hines Ponce & Bird Holdings LP | Delaware | |
| Hines Global REIT Ponce & Bird Partner LLC | Delaware | |
| Hines Global REIT Siemensstrase 7 LLC | Delaware | |
| Hines Global REIT Victoria Trust | Australia | |
| Galleria Parking Ramp LLC | Minnesota | |
| GREIT European Holdings II LLC | Delaware | |
| One Westferry Circus S.a.r.l | Luxembourg | |
| Global REIT Westferry HoldCo S.a.r.l | Luxembourg | |
| Hines Global REIT 1 Westferry Holdings LLC | Delaware | |
| Eaglestone sp. z o. o. | Poland | |
| Hines Global REIT Riverside Center LLC | Delaware | |
| Hines Global REIT Riverside Services, Inc. | Delaware | |
| Hines Global REIT Campus Playa Vista LP | Delaware | |
| Hines Global REIT Campus Playa Vista GP LLC | Delaware | |
| Hines Global REIT Playa Services, Inc. | Delaware | |
| Global REIT PD S.a.r.l. | Luxembourg | |
| Name | Jurisdiction of Organization | |
| GREIT France 1 | Paris | |
| SCI GREIT Paris 1 | Paris | |
| GREIT ICR Services Inc. | Delaware | |
| ICR Services S.a.r.l. | Luxembourg | |
| PD ICR | Nanterre | |
| Hines Global REIT 4875 Town Center LLC | Delaware | |
| Hines Global REIT 2615 Med Center Parkway LLC | Delaware | |
| Hines Global REIT 2300 Main Street LP | Delaware | |
| Hines Global REIT 2300 Main Street GP LLC | Delaware | |
| Hines Global REIT Sulzenbrucker Strasse 7 LLC | Delaware | |
| Hines Global REIT 55M Street LLC | Delaware | |
| Hines Global REIT San Antonio Retail I LP | Delaware | |
| Hines Global REIT San Antonio Retail I GP LLC | Delaware | |
| Hines Global REIT Cabot Square Holdings LLC | Delaware | |
| Global REIT Cabot Square HoldCo S.a.r.l. | Luxembourg | |
| Cabot Square Retail S.a.r.l. | Luxembourg | |
| 25 Cabot Square S.a.r.l. | Luxembourg | |
| Hines Global REIT Forchheim Logistics LLC | Delaware | |
| Hines Global REIT Rim Lender LP | Texas | |
| Hines Global REIT Rim Lender GP LLC | Texas | |
| Hines Global REIT Bourke Trust | Australia | |
| Hines Global REIT Summit Holdings LLC | Delaware | |
Hines Global REIT 320 108th Ave LLC | Delaware | |
| Hines Global REIT Summit Services Inc. | Delaware | |
| Hines Global REIT Karlsdorf LLC | Delaware | |
| Hines Global REIT Duisburg LLC | Delaware | |
| Hines Global REIT Nuremberg LLC | Delaware | |
| Albelia Holdinsgs Limited | Cyprus | |
| NC Office sp. z o.o | Poland | |
| NCDP sp. z o.o | Poland | |
