other material
confidence high
sentiment positive
materiality 0.70
Hines Global Income Trust acquires $292M in assets; completes $124.7M DST offering
HINES GLOBAL INCOME TRUST, INC.
- Acquired Tortona Logistics in Italy for ~€137M ($144M); two buildings 100% leased, 1.15M sq ft.
- Acquired E2 Apartments in Evanston, IL for $148M; 352 units, 98% leased, near Northwestern University.
- Completed $124.7M DST offering of Diridon West multifamily property in San Jose, CA for 1031 exchanges.
- Portfolio valued at $4.3B as of Nov 30, 2024; two-thirds weighted to industrial and living sectors.