secwatch.observer — SEC 8-K summary
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Issuer:     HINES GLOBAL INCOME TRUST, INC. (HGIT)
CIK:        0001585101
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001585101-24-000064
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585101/000158510124000064/0001585101-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585101/000158510124000064/hgit-20241017.htm
  HTML page:      https://secwatch.observer/filing/0001585101-24-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer