XBRL Cloud: Business Report

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Component: (Network and Table)
Network	2306301 - Disclosure - Debt Financing (Tables) (http://www.hinessecurities.com/role/DebtFinancingTables)
Table	(Implied)

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]

0001453818 (http://www.sec.gov/CIK)

Debt Disclosure [Abstract]

Period [Axis]

2016-01-01 - 2016-12-31

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