NEWS

Hines Announces Canadian Access to Hines-Sponsored Investment Products

April 25, 2023

Expansion Gives Canadian Investors Access to Diversified Global Real Estate Portfolio

(HOUS­TON) – Hines, the glob­al real estate invest­ment, devel­op­ment, and prop­er­ty man­ag­er, today announced the entry of Hines-spon­sored invest­ment offer­ings into the Cana­da wealth man­age­ment mar­ket. Through the part­ner­ship between its bro­ker-deal­er affil­i­ate, Hines Secu­ri­ties, Inc., and iCap­i­tal1, a glob­al fin­tech plat­form dri­ving access to alter­na­tive invest­ment prod­ucts in the wealth man­age­ment indus­try, Cana­di­an investors now have access to an invest­ment pro­gram fea­tur­ing a diver­si­fied glob­al port­fo­lio of real estate assets, all out­side of Cana­da, with a total val­ue of US$3.83B as of March 31, 2023. This port­fo­lio is near­ly two-thirds weight­ed toward indus­tri­al and liv­ing sec­tors and has prop­er­ties in eight coun­tries, includ­ing the Unit­ed States and across Europe. The invest­ment pro­gram is backed by Hines, a lead­ing glob­al real estate invest­ment man­ag­er with 4,700 employ­ees oper­at­ing in mar­kets around the world.

Hines has deep and sus­tain­able roots in Cana­da, with 120 employ­ees across mul­ti­ple cities and a 15-year track record of suc­cess­ful invest­ing in Cana­da. Until now, how­ev­er, Cana­di­an investors have not had access to an invest­ment prod­uct from Hines Secu­ri­ties. Hines Secu­ri­ties is the deal­er man­ag­er for a vari­ety of invest­ment oppor­tu­ni­ties, includ­ing pub­lic, non-list­ed REITs; pri­vate place­ments; and a tax-deferred exchange plat­form. The expan­sion into Cana­da is being led by John Mor­ri­son, for­mer pres­i­dent and CEO of Choice Prop­er­ties REIT, and John Reil­ly, for­mer man­ag­ing direc­tor with RBC Wealth Management.

This launch helps solve for the sig­nif­i­cant inter­est we’ve seen among Cana­di­an investors for a glob­al invest­ment pro­gram focused on income-gen­er­at­ing real estate assets,” not­ed Alfon­so Munk, chief invest­ment offi­cer of the Amer­i­c­as for Hines. With access to a port­fo­lio of qual­i­ty real estate across sec­tors and geog­ra­phy, this presents a com­pelling diver­si­fi­ca­tion oppor­tu­ni­ty for finan­cial pro­fes­sion­als to con­sid­er for their Cana­di­an clients.”

We are hon­ored to deep­en our exist­ing part­ner­ship with Hines, a rec­og­nized leader in glob­al real estate invest­ing,” said Mar­co Biz­zoze­ro, head of inter­na­tion­al at iCap­i­tal. Wealth cre­ation is increas­ing­ly tak­ing place out­side the pub­lic mar­kets. We are delight­ed to sup­port Hines in their ambi­tion to offer banks and wealth man­agers in Cana­da with facil­i­tat­ed access to the growth and diver­si­fi­ca­tion oppor­tu­ni­ties the pri­vate mar­kets can offer in port­fo­lios of pri­vate clients.”

Those inter­est­ed in learn­ing more about the iCap­i­tal fund should con­tact their invest­ment adviser.

¹In­sti­tu­tion­al Cap­i­tal Net­work, Inc., and its affil­i­ates (togeth­er, iCap­i­tal”)

About Hines

Hines is a glob­al real estate invest­ment, devel­op­ment and prop­er­ty man­ag­er. The firm was found­ed by Ger­ald D. Hines in 1957 and now oper­ates in 30 coun­tries. We man­age near­ly US$96B2 in high-per­form­ing assets across res­i­den­tial, logis­tics, retail, office, and mixed-use strate­gies. Our local teams serve 685 prop­er­ties total­ing near­ly 216 mil­lion square feet glob­al­ly. We are com­mit­ted to a net zero car­bon tar­get by 2040 with­out buy­ing off­sets. To learn more about Hines, vis­it www​.hines​.com and fol­low @Hines on social media.

2Includes both the glob­al Hines orga­ni­za­tion and RIA AUM as of Decem­ber 312022.

The Hines-spon­sored invest­ment pro­grams are only avail­able to investors who meet cer­tain qual­i­fi­ca­tions. This mate­r­i­al is for infor­ma­tion­al pur­pos­es only and does not describe any spe­cif­ic invest­ment. An offer can only be made by a prospec­tus or offer­ing memorandum.

About iCap­i­tal

Found­ed in 2013, iCap­i­tal is the lead­ing glob­al fin­tech com­pa­ny pow­er­ing the world’s alter­na­tive invest­ment mar­ket­place. iCap­i­tal has trans­formed how the wealth man­age­ment, bank­ing, and asset man­age­ment indus­tries facil­i­tate access to pri­vate mar­kets invest­ments for their high-net-worth clients by pro­vid­ing intu­itive, end-to-end tech­nol­o­gy and ser­vice solu­tions; edu­ca­tion tools and resources; and robust dili­gence, com­pli­ance, and port­fo­lio ana­lyt­ics capa­bil­i­ties. iCapital’s solu­tions enable orga­ni­za­tions to stream­line and scale their oper­a­tional infra­struc­ture for alter­na­tive invest­ments and to pro­vide access to direct invest­ments and feed­er funds at low­er min­i­mums through sim­pli­fied dig­i­tal workflows.

iCap­i­tal-man­aged plat­forms offer wealth advi­sors and their high-net-worth client’s access to an exten­sive menu of pri­vate invest­ments, includ­ing equi­ty, cred­it, real estate, infra­struc­ture, hedge funds, struc­tured invest­ments, annu­ities, and risk-man­aged solu­tions. iCap­i­tal has been rec­og­nized on the Forbes Fin­tech 50 list each year from 2018 to 2022, the Forbes America’s Best Start­up Employ­ers in 2021, 2022 and 2023, and MMI/Barron’s Indus­try Awards as Solu­tions Provider of the Year in 2020, 2021 and 2022.

As of Feb­ru­ary 28, 2023, iCap­i­tal ser­vices over US$153 bil­lion in glob­al client assets, of which US$30 bil­lion are from inter­na­tion­al investors (non-US Domes­tic) across more than 1,230 funds. Employ­ing more than 1,090 peo­ple glob­al­ly, iCap­i­tal is head­quar­tered in NYC and has offices world­wide, includ­ing in Zurich, Lon­don, Lis­bon, Hong Kong, Sin­ga­pore, and Toronto.

For more infor­ma­tion, vis­it icap​i​tal​.com | LinkedIn: https://www.linkedin.com/c​o​m​p​a​n​y​/​i​c​a​p​i​t​a​l​—​n​e​t​w​o​r​k‑inc | Twit­ter: @icapitalnetwork

This mate­r­i­al is pro­vid­ed for infor­ma­tion­al pur­pos­es only and is not intend­ed as, and may not be relied on in any man­ner as legal, tax or invest­ment advice, a rec­om­men­da­tion, or as an offer to sell, a solic­i­ta­tion of an offer to pur­chase or a rec­om­men­da­tion of any inter­est in any fund or secu­ri­ty offered by Insti­tu­tion­al Cap­i­tal Net­work, Inc. or its affil­i­ates (togeth­er iCap­i­tal”). Alter­na­tive invest­ments are com­plex, spec­u­la­tive invest­ment vehi­cles and are not suit­able for all investors. This mate­r­i­al does not intend to address the finan­cial objec­tives, sit­u­a­tion or spe­cif­ic needs of any indi­vid­ual investor. The infor­ma­tion con­tained here­in is sub­ject to change and is also incom­plete. This indus­try infor­ma­tion and its impor­tance is an opin­ion only and should not be relied upon as the only impor­tant infor­ma­tion avail­able. Infor­ma­tion con­tained here­in has been obtained from sources believed to be reli­able, but not guar­an­teed, and iCap­i­tal assumes no lia­bil­i­ty for the infor­ma­tion pro­vid­ed.

Prod­ucts offered by iCap­i­tal in the Unit­ed States are typ­i­cal­ly pri­vate place­ments that are sold only to qual­i­fied clients of iCap­i­tal through trans­ac­tions that are exempt from reg­is­tra­tion under the Secu­ri­ties Act of 1933 pur­suant to Rule 506(b) of Reg­u­la­tion D pro­mul­gat­ed there­un­der and under exemp­tions from reg­is­tra­tion and prospec­tus qual­i­fi­ca­tion in each oth­er juris­dic­tion where such prod­ucts may be offered (“Pri­vate Place­ments”). An invest­ment in any prod­uct issued pur­suant to a Pri­vate Place­ment entails a high degree of risk and no assur­ance can be giv­en that any alter­na­tive invest­ment fund’s invest­ment objec­tives will be achieved or that investors will receive a return of their cap­i­tal. Fur­ther, such invest­ments are not sub­ject to the same lev­els of reg­u­la­to­ry scruti­ny as pub­licly list­ed invest­ments, and as a result, investors may have access to sig­nif­i­cant­ly less infor­ma­tion than they can access with respect to pub­licly list­ed invest­ments.

Rela­tion­ship between iCap­i­tal and Under­ly­ing Man­agers (defined as Under­ly­ing Man­agers of prod­ucts offered on the iCap­i­tal plat­form where iCap­i­tal is act­ing in an invest­ment advi­sor capac­i­ty)
. iCap­i­tal is not a cur­rent client of, or investor in a pri­vate fund (an Under­ly­ing Fund”) advised by Hines (the Under­ly­ing Man­ag­er”); how­ev­er, iCap­i­tal spon­sors and man­ages the access funds (“Access Funds”), which are or are expect­ed to be investors in the Under­ly­ing Funds. Prospec­tive investors in any Access Fund should be aware that, as a result of the rela­tion­ship between iCap­i­tal and the Under­ly­ing Man­ag­er and its affil­i­ates cre­at­ed by the access fund arrange­ment dis­cussed here­in (1) iCap­i­tal is finan­cial­ly com­pen­sat­ed for the arrange­ment by pay­ment of cer­tain man­age­ment fees (which are cal­cu­lat­ed as described in the offer­ing doc­u­ment pre­pared and dis­trib­uted in respect of an Access Fund (an Offer­ing Mem­o­ran­dum”) and, if applic­a­ble, cer­tain fees for place­ment of investors in the Access Fund or the Under­ly­ing Fund (which are typ­i­cal­ly cal­cu­lat­ed as a per­cent­age of an investor’s aggre­gate com­mit­ment to the rel­e­vant fund), and (2) the exis­tence of such com­pen­sa­tion may cre­ate con­flicts of inter­est where­by, for exam­ple, iCap­i­tal may be more inclined (a) to estab­lish access funds (includ­ing the Access Fund) (i) for invest­ment in under­ly­ing funds (includ­ing the Under­ly­ing Fund) spon­sored or man­aged by the Under­ly­ing Man­ag­er and its affil­i­ates, than for invest­ment in invest­ment funds spon­sored or man­aged by oth­er fund man­agers, and (ii) upon terms and con­di­tions more favor­able to the Under­ly­ing Man­ag­er and its affil­i­ates than iCap­i­tal would oth­er­wise agree to in the absence of such com­pen­sa­tion; (b) to make pos­i­tive state­ments about the Under­ly­ing Man­ag­er and its affil­i­ates in order to encour­age investors to make a larg­er com­mit­ment to the Access Fund, there­by increas­ing the fees paid to iCap­i­tal, or (c) to vote or exer­cise con­sent rights in respect of inter­ests in under­ly­ing funds (includ­ing the Under­ly­ing Fund) held by access funds (includ­ing the Access Fund) in a man­ner more favor­able to the Under­ly­ing Man­ag­er and its affil­i­ates than iCap­i­tal would oth­er­wise vote or exer­cise in the absence of such com­pen­sa­tion.

Secu­ri­ties and ser­vices may be offered through iCap­i­tal Secu­ri­ties, LLC, Axio Finan­cial LLC, and/​or SIMON Mar­kets LLC, each of which is a reg­is­tered broker/​dealer, mem­ber FIN­RA and SIPC, and sub­sidiary of Insti­tu­tion­al Cap­i­tal Net­work, Inc. (“iCap­i­tal”). iCap­i­tal Advi­sors, LLC, a sub­sidiary of iCap­i­tal, is an invest­ment advis­er reg­is­tered with the U.S. Secu­ri­ties and Exchange Com­mis­sion (“SEC”). iCap­i­tal Net­work Cana­da Ltd., a sub­sidiary of iCap­i­tal, is a port­fo­lio man­ag­er, invest­ment fund man­ag­er and exempt mar­ket deal­er in cer­tain provinces in Cana­da. These reg­is­tra­tions and mem­ber­ships in no way imply that the SEC, FIN­RA or SIPC or any oth­er secu­ri­ties reg­u­la­to­ry author­i­ty have endorsed the enti­ties, prod­ucts or ser­vices dis­cussed here­in. iCap­i­tal and iCap­i­tal Net­work are reg­is­tered trade­marks of Insti­tu­tion­al Cap­i­tal Net­work, Inc. Addi­tion­al infor­ma­tion is avail­able upon request.