Hines Global Income Trust Acquires Multifamily Community in Houston
(HOUSÂTON) – Hines, the interÂnaÂtionÂal real estate firm, announced today that Hines GlobÂal Income Trust, Inc., has acquired Venue MuseÂum DisÂtrict, a mulÂtiÂfamÂiÂly propÂerÂty locatÂed in the MuseÂum DisÂtrict subÂmarÂket of Houston.
Venue MuseÂum DisÂtrict was conÂstructÂed in 2009 and conÂsists of 224 leasable units that are presentÂly 92 perÂcent leased, as well as a 15,625-square-foot parÂcel of adjaÂcent land also acquired in the transÂacÂtion. LocatÂed along the HousÂton MetroÂrail with quick access to the Texas MedÂical CenÂter, Rice UniÂverÂsiÂty, and DownÂtown HousÂton, Venue MuseÂum DisÂtrict offers a high-qualÂiÂty resÂiÂdenÂtial experience.
SherÂri Schugart, presÂiÂdent and CEO of Hines GlobÂal Income Trust, said, ​“We are excitÂed to add this top-qualÂiÂty propÂerÂty locatÂed at the nexus of Houston’s culÂturÂal, medÂical and busiÂness comÂmuÂniÂties to our portÂfoÂlio. We look forÂward to parÂticÂiÂpatÂing in the conÂtinÂued growth of the HousÂton marÂket in years to come.”
About Hines GlobÂal Income Trust
Hines GlobÂal Income Trust 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 Income Trust, 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 207 cities in 24 counÂtries. Hines has approxÂiÂmateÂly $116.4 bilÂlion of assets under manÂageÂment, includÂing $64 bilÂlion for which Hines proÂvides fiduÂciaÂry investÂment manÂageÂment serÂvices, and $52.4 bilÂlion for which Hines proÂvides third-parÂty propÂerÂty-levÂel serÂvices. The firm has 109 develÂopÂments curÂrentÂly underÂway around the world. HisÂtorÂiÂcalÂly, Hines has develÂoped, redeÂvelÂoped or acquired 1,319 propÂerÂties, totalÂing over 431 milÂlion square feet. The firm’s curÂrent propÂerÂty and asset manÂageÂment portÂfoÂlio includes 527 propÂerÂties, repÂreÂsentÂing over 224 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 information.
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, tenÂant perÂforÂmance, 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 the abilÂiÂty and willÂingÂness of the curÂrent tenÂants to conÂtinÂue to make rental payÂments purÂsuant to their lease agreeÂments and othÂer risks described in the ​“Risk FacÂtors” secÂtion of Hines GlobÂal Income Trust’s AnnuÂal Report on Form 10‑K for the year endÂed DecemÂber 31, 2017, as updatÂed by its othÂer filÂings with the SecuÂriÂties and Exchange ComÂmisÂsion. You are cauÂtioned not to place undue reliance on any forÂward-lookÂing statements.
Hines
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