Recent Updates — HGIT

Hines Private Wealth Solutions completed its ninth Delaware Statutory Trust (DST) offering, HREX 9 DST, totaling approximately $591 million. The transaction allows qualified investors to acquire interests in two multifamily assets: Gables Station in Coral Gables, Florida, and Left Bank in Chicago. These properties were sourced by Hines Global Income Trust, Inc., which manages a portfolio with a gross asset value of approximately $7.29 billion as of September 30, 2026. The offering facilitates like-kind exchanges under Section 1031 of the Internal Revenue Code for investors seeking tax-deferred real estate investments. Hines Global Income Trust is a public, non-listed real estate investment trust sponsored by Hines that invests in commercial real estate.

Hines Global Income Trust declared a gross monthly distribution of $0.052 per share for October 2026, with net amounts varying by class due to servicing fees. The board also updated the Net Asset Value (NAV) per share to $9.82 as of September 30, 2026, which serves as the transaction price for redemptions and distribution reinvestments. The company's portfolio consists of 59 real properties that are 94% leased with a 33% leverage ratio based on property valuations. Hines Global Income Trust operates as a non-traded real estate investment trust focused on commercial and residential property investments.

Hines Global Income Trust acquired Castings Commerce Center in Columbus, Ohio, for approximately $117.0 million; 99 West Paces in Atlanta, Georgia, for approximately $237.8 million; and Bishop Arts Portfolio in Dallas, Texas, for approximately $170.5 million. The combined contract purchase price totals roughly $525.3 million exclusive of transaction costs and closing prorations. Castings Commerce Center is an 862,000-square-foot industrial property that is 96% leased. 99 West Paces is a 380,700-square-foot residential property that is 95% leased. Bishop Arts Portfolio comprises approximately 438,000 square feet of residential space and 49,000 square feet of retail space, with leasing rates of 95% and 98%, respectively. Hines Global Income Trust operates as a public, non-listed real estate investment trust that invests in commercial real estate.

Jeffrey C. Hines resigned as director, Chair of the Board, and CEO of Hines Global Income Trust, Inc., effective January 1, 2027. Laura Hines-Pierce was appointed to succeed him as Chair and CEO, while Adam Hines joined the board and will serve as Co-CEO of sponsor Hines. This leadership transition is material as it alters the company's executive management structure. The company operates in the real estate investment trust industry.

Hines Global Income Trust announced its Net Asset Value (NAV) per share of $9.83 as of August 31, 2026, unchanged from July 31, 2026. The company authorized a September 2026 gross distribution of $0.052 per share for all classes, with net distributions ranging from $0.044 to $0.052 depending on the class fee structure. These distributions are payable on October 1, 2026, to holders of record as of September 30, 2026. Additionally, Hines Global acquired Castings Commerce Center, an industrial property in Columbus, Ohio, for approximately $117.0 million. The company operates in the real estate investment trust industry, focusing on commercial and industrial properties.