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): | September 23, 2024 |
|---|
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 September 23, 2024, Hines Interests Limited Partnership (“Hines”) issued a press release to announce the successful completion of a $133.8 million DST offering relating to the Emerson. 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 September 23, 2024 |
| 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. | ||
|---|---|---|
| September 23, 2024 | 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: |
|---|---|
| 9/23/2024 | Chris Delucchi, Hines |
| Chris.Delucchi@hines.com |
HINES PRIVATE WEALTH SOLUTIONS SUCCESSFULLY CLOSES TWO MULTIFAMILY PRIVATE OFFERINGS
(HOUSTON) – Hines, the global real estate investment manager, today announced the successful closure of two private offerings through Hines Private Wealth Solutions, designed specifically for private wealth investors. This achievement underscores Hines’ steadfast commitment to the Living sector, with a particular focus on multifamily properties.
Hines has demonstrated its exceptional expertise in today’s market environment and this milestone reflects the firm’s strategic vision and ability to navigate complex economic landscapes, further solidifying its position as a trusted leader in the real estate investment industry.
Hines closed Hines Ann Arbor Multifamily LLC, a private placement offering for a multifamily development project in Ann Arbor, Michigan, and an offering of interests in HREX Multifamily II DST, a Delaware Statutory Trust (“DST”). The DST owns The Emerson, a luxury apartment complex in Centreville, Virginia.
“We have conviction in the multifamily sector, particularly in strategic US markets, and were pleased to provide these two diverse investment opportunities to the private wealth channel,” said Alfonso Munk, CIO-Americas at Hines. “These two offerings demonstrate how Hines Private Wealth Solutions has provided a strong match for the diverse needs of individual investors,” added Paul Ferraro, global head of Hines Private Wealth Solutions.
Hines Ann Arbor Multifamily LLC allowed investors to make direct investments alongside Hines and Simon Property Group, two of the world’s leading institutional real estate firms, in the Ann Arbor project, which aims to complete a four-story, 370-unit Class A multifamily development with premier amenities by late summer 2026.
HREX Multifamily II, DST gave qualified investors the ability 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. The Emerson, a 355-unit Class A property, is 96% leased as of June 30, 2024. This asset was sourced by Hines Global Income Trust, Inc. (“Hines Global Income Trust” or “HGIT”), which has a $4.26B portfolio as of August 31, 2024, diversified by geography and property type with a focus on dynamic sectors and markets. HREX Multifamily II DST is a subsidiary of HGIT.
As of June 30, 2024, the private wealth platform has raised over $11 billion through an array of offerings, including non-traded real estate investment trusts, private placements, and tax-deferred exchanges. For additional information about Hines Private Wealth Solutions LLC, visit hinesprivatewealth.com.
About Hines Global Income Trust
HGIT 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 leading global real estate investment manager. We own and operate $93.0 billion1 of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 31 countries draw on our 67-year history to build the world forward by investing in, developing, and managing some of the world’s best real estate. To learn more, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2024.
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. Any measures implemented in respect of such ESG or impact commitments may not be immediately applicable to HGIT's investments 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. The offerings described herein have closed.