ORGANIZATION The accompanying interim unaudited condensed consolidated financial information has been prepared according to the rules and regulations of the United States Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted according to such rules and regulations. For further information, refer to the financial statements and footnotes for the year ended December 31, 2019 included in Hines Global REIT, Inc.s Annual Report on Form 10-K for the year ended December 31, 2019 . In the opinion of management, all adjustments and eliminations, consisting only of normal recurring adjustments, necessary to present fairly and in conformity with GAAP the financial position of Hines Global REIT, Inc. as of March 31, 2020 , the results of operations for the three months ended March 31, 2020 and 2019 and cash flows for the three months ended March 31, 2020 and 2019 have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year. 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. The Company operates 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 (the Advisory Agreement). The Company raised the equity capital for its real estate investments through two public offerings from August 5, 2009 through April 11, 2014 , which included primary offering shares as well as shares issued through its distribution reinvestment plan. The Company terminated its offering of primary offering shares in April 2014, but continued to issue shares through its distribution reinvestment plan (the DRP Offering) from April 24, 2014 to August 2018 . Collectively, through its public offerings, the Company received gross offering proceeds of $3.1 billion from the sale of 313.3 million shares, which was invested in the Companys real estate portfolio. In recent years, the Company has concentrated its efforts on actively managing its assets and exploring a variety of strategic opportunities focused on enhancing the composition of its portfolio and its total return potential for its stockholders. On April 23, 2018 , in connection with its review of potential strategic alternatives available to the Company, the Companys board of directors determined that it is in the best interest of the Company and its stockholders to sell all or substantially all of the Companys properties and assets and for the Company to liquidate and dissolve pursuant to a Plan of Liquidation and Dissolution (the Plan of Liquidation). The principal purpose of the Plan of Liquidation is to provide liquidity to the Companys stockholders by selling the Companys assets, paying its debts and distributing the net proceeds from liquidation to the Companys stockholders. As required by Maryland law and the Companys charter, the Plan of Liquidation was approved by the affirmative vote of the holders of at least a majority of the shares of the Companys common stock outstanding and entitled to vote thereon at the Companys annual meeting of stockholders held on July 17, 2018 . In accordance with Maryland law, the Plan of Liquidation provides the Companys board of directors with the authority to modify or amend the Plan of Liquidation without further action by the Companys stockholders to the extent permitted by then-current law and to terminate the Plan of Liquidation for any reason, provided that the board of directors may not terminate the Plan of Liquidation after Articles of Dissolution have been filed with and accepted for record by the State Department of Assessments and Taxation of Maryland. The Companys original goal was to complete the liquidation of its assets and make final distributions to its stockholders by July 17, 2020 ( 24 months after stockholder approval of the Plan of Liquidation). While the Company has been actively marketing the remaining assets for disposition, the recent spread of the COVID-19 (more commonly referred to as the Coronavirus) pandemic and its impact on the global economic environment has had, and is expected to continue to have, an adverse impact on overall market conditions and the Companys disposition process. As a result, the Company believes it is unlikely that it will be able to complete the liquidation of its assets and make final cash distributions to its stockholders by July 17, 2020. Accordingly, any remaining assets and liabilities of the Company will be transferred into a liquidating trust as described in the Plan of Liquidation approved by the Companys stockholders in July 2018. At that time, the Companys stockholders will receive shares of beneficial interest in the liquidating trust and the Company will be dissolved. The liquidating trust will operate substantially in the same manner as the Company operates today and will continue to pursue the liquidation of the remaining assets with the goal of distributing the net proceeds of the liquidation to the Companys stockholders. There can be no assurances regarding the timing or amounts of any additional liquidating distributions. Through May 15, 2020 , the Company has paid aggregate return of capital distributions of approximately $4.00 per share to its stockholders, which included $2.83 per share of liquidating distributions pursuant to the Plan of Liquidation. Because the Plan of Liquidation follows the Companys initial business plan, these financial statements have not been prepared on the liquidation basis of accounting. The Company sold its interests in six properties for an aggregate sales price of $1.0 billion during 2017, 20 properties in 2018 for an aggregate sales price of $1.7 billion , four properties in 2019 for an aggregate sales price of $1.3 billion , and two properties in the first quarter of 2020 for an aggregate sales price of $379.9 million . As of March 31, 2020 , the Company owned interests in eight real estate investments, consisting of the following types of investments:  Domestic office investments ( 1 investments)  Domestic other investments ( 4 investments)  International office investments ( 3 investments)