Hines Securities, Inc., Logo GO TO HINES GLOBAL INCOME TRUST PAST OFFERING BY HINES SECURITIES | CLOSED TO NEW INVESTORS HGR Liquidating Trust Formerly Hines Global REIT, Inc. Hines Glob­al REIT, Inc. (HGR) was a non-list­ed real estate invest­ment trust (REIT) that owned and man­aged a diver­si­fied real estate port­fo­lio in domes­tic and inter­na­tion­al mar­kets. HGR was launched in August 2009 and at the peak of its acqui­si­tion phase, it owned inter­ests in 45 prop­er­ties and oth­er real estate-relat­ed invest­ments in the U.S., the Unit­ed King­dom, France, Ger­many, Poland, Aus­tralia and Russia. HGR com­menced the liq­ui­da­tion of its assets pur­suant to a plan of liq­ui­da­tion and dis­so­lu­tion approved by its stock­hold­ers in July 2018. In accor­dance with the plan, HGR trans­ferred its remain­ing assets and lia­bil­i­ties to HGR Liq­ui­dat­ing Trust on June 30, 2020 and HGR’s for­mer stock­hold­ers were issued units of ben­e­fi­cial inter­est in HGR Liq­ui­dat­ing Trust (the “Trust”). The Trust’s inten­tion is to con­tin­ue to sell the remain­ing assets and dis­trib­ute the net pro­ceeds to the unithold­ers. Its start­ing net asset val­ue (“NAV”) was $5.58. Fol­low­ing the sale of sev­er­al of the remain­ing prop­er­ties, a spe­cial dis­tri­b­u­tion of $1.00 per unit was made in July 2020, $2.45 per unit in Sep­tem­ber 2020 and $0.80 per unit in Sep­tem­ber 2021. The NAV is cur­rent­ly $1.29 per unit after these dis­tri­b­u­tions.1 Go to Investor Login Go to DST Vision (Client Account Access) PORTFOLIO SUMMARY² Estimated aggregate value $371.5 million Number of investments 4 projects, 1.3 million square feet Percentage leased 86% Estimated per unit NAV $1.291 TITLE Portfolio Update 06/21/2021 DOWNLOAD PDF View Tax Information View Impor­tant 2020 Tax Fil­ing Notice for Unitholders View Code of Busi­ness Con­duct and Ethics Forms Filings Organizational Actions General Forms TITLE Account Maintenance Form 12/21/2020 DOWNLOAD PDF Custodian Change Form 12/21/2020 DOWNLOAD PDF Transfer on Death Beneficiary Authorization 12/21/2020 DOWNLOAD PDF Certified Resolution of the Governing Body 12/16/2020 DOWNLOAD PDF Certification of Investment Powers 10/18/2019 DOWNLOAD PDF Hines Secu­ri­ties, Inc., mem­ber FIN­RA/SIPC, was the deal­er man­ag­er for Hines Glob­al REIT’s pub­lic offerings. Please see the Trust’s Form 8‑K filed with the Secu­ri­ties and Exchange Com­mis­sion (“SEC”) on Sep­tem­ber 23, 2021, for more infor­ma­tion con­cern­ing the spe­cial dis­tri­b­u­tions and the esti­mat­ed per unit NAV. The esti­mat­ed per unit NAV of $1.29 is not based on updat­ed appraisals of the Trust’s remain­ing assets. There can be no assur­ances that investors will receive addi­tion­al spe­cial dis­tri­b­u­tions equal to the new esti­mat­ed per unit NAV. The esti­mat­ed per unit NAV does not rep­re­sent the fair val­ue of the Trust’s assets less lia­bil­i­ties in accor­dance with U.S. gen­er­al­ly accept­ed account­ing prin­ci­ples, and such esti­mat­ed per unit NAV is not a rep­re­sen­ta­tion, war­ran­ty or guar­an­tee that (i) a unithold­er will ulti­mate­ly real­ize dis­tri­b­u­tions per unit equal to the esti­mat­ed per unit NAV upon the liq­ui­da­tion of the Trust’s remain­ing assets; (ii) the Trust’s units would trade at the esti­mat­ed per unit NAV on a nation­al secu­ri­ties exchange; (iii) a third par­ty would offer the esti­mat­ed per unit NAV in an arm’s‑length trans­ac­tion to pur­chase all or sub­stan­tial­ly all of the Trust’s units; or (iv) the method­olo­gies used to deter­mine the esti­mat­ed per unit NAV would be accept­able to FIN­RA. In addi­tion, the Trust can make no claim as to whether the esti­mat­ed per unit NAV will or will not sat­is­fy the applic­a­ble annu­al val­u­a­tion require­ments under the Employ­ee Retire­ment Income Secu­ri­ty Act of 1974, as amend­ed (“ERISA”) and the Inter­nal Rev­enue Code of 1986, as amend­ed (the “Code”) with respect to employ­ee ben­e­fit plans sub­ject to ERISA and oth­er retire­ment plans or accounts sub­ject to Sec­tion 4975 of the Code that are invest­ing in the Trust’s units. Fur­ther, the esti­mat­ed per unit NAV was cal­cu­lat­ed as of a moment in time, and, although the val­ue of the Trust’s units will fluc­tu­ate over time as a result of, among oth­er things, devel­op­ments relat­ed to indi­vid­ual assets, sales of addi­tion­al assets and the pay­ment of fees and clos­ing costs in con­nec­tion there­with, changes in the real estate and cap­i­tal mar­kets, and the dis­tri­b­u­tion of sales pro­ceeds to the Trust’s unithold­ers, the Trust does not under­take to update the per unit NAV on a reg­u­lar basis. As a result, unithold­ers should not rely on the esti­mat­ed per unit NAV as an accu­rate mea­sure of the then-cur­rent val­ue of the Trust’s units. Data as of March 31, 2021 but includes the effect of the sale of The Rim in May 2021. 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