Hines REIT Available Through Starlight Capital

Houston, TX July 22, 2004 -- Investors interested in the recently announced Hines private REIT, the firm's first real estate investment product available to the public, can access copies of the prospectus from the NASD licensed broker-dealers selected by Hines to sell this product. Starlight Capital Inc. (www.starlightcapital.com), headquartered in Houston, with offices in Chicago, Phoenix, Dallas and New York, is proud to be chosen. The REIT product is available by prospectus only. Copies of the prospectus are also available at www.sec.gov and www.hinesreit.com.

Hines REIT is offering 200 million shares of common stock priced at $10.00 per share (with discounts available for certain categories of purchasers). In addition, Hines REIT is also offering up to 20 million shares of common stock at $9.50 per share under its dividend reinvestment plan. Hines REIT and Hines Real Estate Securities, Inc. are both affiliates of Hines – a fully integrated real estate investment and management firm which has been providing acquisition, development, financing, property management, leasing or disposition services since 1957.

Hines REIT intends to invest in a diversified portfolio of well-constructed office properties with quality tenants in desirable locations throughout the U.S. Hines REIT may also invest in properties outside of the United States, non-office properties, mortgage loans and ground leases.

For more information, contact Bryan Emerson, President, Starlight Capital, at 713.225.3028.

Bryan Emerson, Starlight Capital. Inc.
emersonb@starlightcapital.com
713.225.3028 or 713.385.0302





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