Hines Global reports NAV unchanged at $10.02, acquires Sutter Medical Plaza for $52M

HINES GLOBAL INCOME TRUST, INC.

NAV per share remained $10.02 as of Sep 30, 2024, same as Aug 31, 2024; shares outstanding 262,957K.
Acquired Sutter Medical Plaza in Sacramento, CA on Oct 17, 2024 for ~$52M; 143K sf, 100% leased.
Portfolio of 43 real properties was 96% leased, 33% levered based on Sep 30 valuations.
October 2024 gross distribution declared at $0.052/share for all classes; net varies by class.
Key valuation assumptions: weighted-average exit cap 5.88%, discount rate 7.22%, avg hold 9.8 yrs.

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