Hines Global Income Trust Acquires Amazon Fulfillment Center
The deal represents Hines Global Income Trust’s second investment in the logistics sector in the U.S.
(SAN ANTOÂNIO) – Hines, the interÂnaÂtionÂal real estate firm, is pleased to announce that Hines GlobÂal Income Trust, Inc. (“Hines GlobÂal”) has acquired an AmaÂzon-leased e‑commerce fulÂfillÂment cenÂter northÂeast of San AntoÂnio in Schertz, Texas.
The 1,262,294-square-foot Class A, e‑commerce fulÂfillÂment cenÂter is locatÂed in the rapidÂly growÂing I‑35 corÂriÂdor between San AntoÂnio and Austin. This locaÂtion proÂvides direct access to the ​“Texas TriÂanÂgle” servÂing a popÂuÂlaÂtion of over 25 milÂlion peoÂple livÂing in or around Austin/​San AntoÂnio, HousÂton and the Dallas/​Fort Worth metros.
“This is a critÂiÂcal locaÂtion with a high growth conÂsumer base,” said LauÂra DenÂkler, ManÂagÂing DirecÂtor at Hines. ​“We conÂtinÂue to purÂsue logisÂtics assets with immeÂdiÂate proxÂimÂiÂty to popÂuÂlaÂtion denÂsiÂty and solÂid conÂnecÂtivÂiÂty to major thorÂoughÂfares. This acquiÂsiÂtion is anothÂer step forÂward for Hines in the Austin/​San AntoÂnio marketplace.”
Omar Thowfeek, Hines ManÂagÂing DirecÂtor of Hines GlobÂal, said: ​“As we conÂtinÂue to grow and diverÂsiÂfy our logisÂtics portÂfoÂlio in the U.S., Great Britain and conÂtiÂnenÂtal Europe, we are excitÂed about this acquiÂsiÂtion and comÂpletÂing our fourth strateÂgic logisÂtics acquiÂsiÂtion worldÂwide this year. We will mainÂtain our stratÂeÂgy of seekÂing out excepÂtionÂal opporÂtuÂniÂties as we conÂtinÂue to culÂtiÂvate our investÂment depth and breadth in this expandÂing sector.”
Hines has been investÂing and develÂopÂing in the indusÂtriÂal real estate secÂtor since 1957 with a globÂal track record of 314 projects in 12 counÂtries. GlobÂalÂly, the firm has acquired 38 milÂlion square feet of space and develÂoped 45 milÂlion square feet (with 8 milÂlion square feet of
projects curÂrentÂly in design or under develÂopÂment) in the sector.
About Hines GlobÂal
Hines GlobÂal is a pubÂlic, non-listÂed real estate investÂment trust sponÂsored by Hines. It comÂmenced operÂaÂtions in 2014 and invests in comÂmerÂcial real estate investÂments locatÂed in the UnitÂed States and interÂnaÂtionÂalÂly. For addiÂtionÂal inforÂmaÂtion about Hines GlobÂal, visÂit www​.hinesse​cu​ri​ties​.com/​c​u​r​r​e​n​t​-​o​f​f​e​r​i​n​g​s​/hgit.
About Hines
Hines is a priÂvateÂly owned globÂal real estate investÂment firm foundÂed in 1957 with a presÂence in 225 cities in 25 counÂtries. Hines has approxÂiÂmateÂly $144.1 bilÂlionÂą of assets under manÂageÂment, includÂing $75.5 bilÂlion for which Hines serves as investÂment manÂagÂer, includÂing non-real estate assets, and $68.6 bilÂlion for which Hines proÂvides third-parÂty propÂerÂty-levÂel serÂvices. The firm has 165 develÂopÂments curÂrentÂly underÂway around the world. HisÂtorÂiÂcalÂly, Hines has develÂoped, redeÂvelÂoped or acquired 1,426 propÂerÂties, totalÂing over 472 milÂlion square feet. The firm’s curÂrent propÂerÂty and asset manÂageÂment portÂfoÂlio includes 576 propÂerÂties, repÂreÂsentÂing over 246 milÂlion square feet. With extenÂsive expeÂriÂence in investÂments across the risk specÂtrum and all propÂerÂty types, and a pioÂneerÂing comÂmitÂment to susÂtainÂabilÂiÂty, Hines is one of the largest and most-respectÂed real estate orgaÂniÂzaÂtions in the world. VisÂit www​.hines​.com for more inforÂmaÂtion.
ÂąAUM includes both the globÂal Hines orgaÂniÂzaÂtion as well as RIA AUM.
ForÂward-LookÂing StateÂments
StateÂments in this press release, includÂing intenÂtions, beliefs, expecÂtaÂtions or proÂjecÂtions relatÂing to the acquiÂsiÂtion described hereÂin, are forÂward-lookÂing stateÂments withÂin the meanÂing of SecÂtion 27A of the SecuÂriÂties Act of 1933, as amendÂed, and SecÂtion 21E of the SecuÂriÂties Exchange Act of 1934, as amendÂed. Such stateÂments are based on curÂrent expecÂtaÂtions and assumpÂtions with respect to, among othÂer things, the valÂue to be genÂerÂatÂed by the fulÂfillÂment cenÂter, future expanÂsion of Hines Global’s worldÂwide logisÂtics portÂfoÂlio, future ecoÂnomÂic, comÂpetÂiÂtive and marÂket conÂdiÂtions and future busiÂness deciÂsions that may prove to be incorÂrect or inacÂcuÂrate. ImporÂtant facÂtors that could cause actuÂal results to difÂfer mateÂriÂalÂly from those in the forÂward-lookÂing stateÂments include the risks assoÂciÂatÂed with Hines being able to sucÂcessÂfulÂly manÂage the fulÂfillÂment cenÂter, the tenÂant remainÂing comÂmitÂted to its lease obligÂaÂtions and conÂtinÂuÂing to pay rent in a timeÂly manÂner, Hines GlobÂal being able to locate and close on addiÂtionÂal opporÂtuÂniÂties to invest in logisÂtics assets, and othÂer risks described in the ​“Risk FacÂtors” secÂtion of Hines GlobÂal’s AnnuÂal Report on Form 10‑K for the year endÂed DecemÂber 31, 2019, as updatÂed by its othÂer filÂings with the SecuÂriÂties and Exchange ComÂmisÂsion. You are cauÂtioned not to place undue reliance on any forÂward-lookÂing
stateÂments.
Hines
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