M&A
confidence high
sentiment positive
materiality 0.65
HGIT acquires Runway ($428M, LA) and Montrose Collective ($137.5M, Houston) totaling >$565M
HINES GLOBAL INCOME TRUST, INC.
- Acquired Runway, 630K sq ft mixed-use in Playa Vista, LA, for $428.1M; 94% leased, 420 residences.
- Acquired Montrose Collective, 189K sq ft Class AA retail/workspace in Houston, for $137.5M; 100% leased.
- Total consideration exceeds $565M; portfolio gross asset value increases to $5.6B.
- Assets acquired by Hines Global Income Trust, a non-traded REIT managed by Hines.