SEC Exempts REIT from Certain Tender Offer Requirements

The SEC Division of Corporation Finance (the "Division") granted no-action relief to Hines Global REIT II, Inc. (the "Company"), a fund of broker dealer affiliate Hines Securities, that markets domestic and international real estate properties. The no-action relief permits the Company to engage in a transaction that would allow for repurchases of certain shares made under a "New Redemption Plan." Exchange Act Rule 13e-4 requires that an issuer making a tender offer permit shareholders to withdraw securities tendered at any time during the offer period. The Division stated that the Company transaction does not constitute an issuer tender offer subject to Exchange Act Rule 13e-4, and agreed not to recommend enforcement action as long as the Company repurchased certain classes of shares from its stockholders under the redemption plan outlined in the no-action letter and under the terms contained in the Company letter requesting relief.