8-K
HINES GLOBAL INCOME TRUST, INC. (HGIT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | December 7, 2023 |
|---|
Hines Global Income Trust, Inc.
__________________________________
(Exact name of registrant as specified in its charter)
Commission file number: 000-55599
| Maryland | 80-0947092 | |||
|---|---|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||
| 845 Texas Avenue | ||||
| Suite 3300 | ||||
| Houston, Texas | 77002-1656 | |||
| (Address of principal executive offices) | (Zip code) | (888) 220-6121 | ||
| --- | --- | |||
| (Registrant’s telephone number, including area code) | ||||
| Not Applicable | ||||
| Former name or former address, if changed since last report |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure
On December 7, 2023, Hines Interests Limited Partnership (“Hines”) issued a press release to announce the successful completion of a $152 million DST offering relating to 200 Park Place. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K, including the press release attached as Exhibit 99.1 hereto, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished herewith, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release of Hines, dated December7, 2023 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Hines Global Income Trust, Inc. | ||
|---|---|---|
| December 7, 2023 | By: | /s/ A. Gordon Findlay |
| Name: A. Gordon Findlay | ||
| Title: Chief Accounting Officer, Treasurer and Secretary |
Document
Exhibit 99.1

News Release
| For Immediate Release | For Further Information, Contact: |
|---|---|
| December 7, 2023 | Erica Campbell, Hines |
| 212-294-9024 | |
| Erica.Campbell@hines.com |
HINES SECURITIES SUCCESSFULLY COMPLETES $152 MILLION DST OFFERING
DST Offering was Designed with Investors' Wealth Preservation and Estate Planning Needs in Mind
(HOUSTON) – Hines, the global real estate investment, development and property manager, announced today that Hines Securities, Inc. has successfully completed a $152 million offering of interests in HGIT 200 Park Place DST, a Delaware Statutory Trust (“DST”). The DST owns 200 Park Place, a state-of-the-art office building in the upscale River Oaks district of Houston, Texas, a highly desirable live-work-play location.
“Given our vast real estate experience in the private wealth space, we were pleased to be able to help financial professionals meet the needs of their clients looking for a quality investment opportunity,” noted Alfonso Munk, Chief Investment Officer – Americas for Hines. “Particularly given the general landscape of market uncertainty, the enthusiasm around the HGIT 200 Park Place DST shows that investors shared our conviction in the offering, as well as the asset, and trusted Hines as their investment partner.”
Completed in 2020, the 206,943-square-foot property located at 400 Westheimer Road is 100% leased to a diverse tenant roster and anchored by JLL and Buckeye Partners. The asset was sourced by Hines Global Income Trust, Inc. (“Hines Global Income Trust” or “HGIT”), which has a $3.9B portfolio diversified by geography and property type with a focus on dynamic sectors and markets. The HGIT 200 Park Place DST is a subsidiary of HGIT.
The HGIT 200 Park Place DST allowed qualified investors to complete a like-kind exchange of property under Internal Revenue Code Section 1031. The offering presented a compelling solution to aid in the deferment of capital gains and other taxes while providing the opportunity to diversify real estate holdings through the ownership of an institutional-quality asset.
About Hines Global Income Trust
Hines Global Income Trust is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally. For additional information about HGIT, visit www.hinesglobalincometrust.com.
About Hines
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage a $94.6B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 790 properties totaling 269 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2023.
Any ESG or impact commitments made by Hines are not being promoted and do not bind any investment decisions made in respect of, or the stewardship of, HGIT or its subsidiaries. Any measures implemented in respect of such ESG or impact commitments may not be immediately applicable to the investments of HGIT and its subsidiaries and any implementation can be overridden or ignored at HGIT's sole discretion.
No Offer of Securities
This press release shall not be deemed an offer to sell, or a solicitation of an offer to purchase, any securities. No one can invest directly in the Hines Real Estate Exchange platform.