Hines Global Income Trust Acquires Amazon Fulfillment Center

December 14, 2020

The deal represents Hines Global Income Trust’s second investment in the logistics sector in the U.S.

(SAN ANTO­NIO) – Hines, the inter­na­tion­al real estate firm, is pleased to announce that Hines Glob­al Income Trust, Inc. (“Hines Glob­al”) has acquired an Ama­zon-leased e‑commerce ful­fill­ment cen­ter north­east of San Anto­nio in Schertz, Texas.

The 1,262,294-square-foot Class A, e‑commerce ful­fill­ment cen­ter is locat­ed in the rapid­ly grow­ing I‑35 cor­ri­dor between San Anto­nio and Austin. This loca­tion pro­vides direct access to the Texas Tri­an­gle” serv­ing a pop­u­la­tion of over 25 mil­lion peo­ple liv­ing in or around Austin/​San Anto­nio, Hous­ton and the Dallas/​Fort Worth metros.

This is a crit­i­cal loca­tion with a high growth con­sumer base,” said Lau­ra Den­kler, Man­ag­ing Direc­tor at Hines. We con­tin­ue to pur­sue logis­tics assets with imme­di­ate prox­im­i­ty to pop­u­la­tion den­si­ty and sol­id con­nec­tiv­i­ty to major thor­ough­fares. This acqui­si­tion is anoth­er step for­ward for Hines in the Austin/​San Anto­nio marketplace.”

Omar Thowfeek, Hines Man­ag­ing Direc­tor of Hines Glob­al, said: As we con­tin­ue to grow and diver­si­fy our logis­tics port­fo­lio in the U.S., Great Britain and con­ti­nen­tal Europe, we are excit­ed about this acqui­si­tion and com­plet­ing our fourth strate­gic logis­tics acqui­si­tion world­wide this year. We will main­tain our strat­e­gy of seek­ing out excep­tion­al oppor­tu­ni­ties as we con­tin­ue to cul­ti­vate our invest­ment depth and breadth in this expand­ing sector.”

Hines has been invest­ing and devel­op­ing in the indus­tri­al real estate sec­tor since 1957 with a glob­al track record of 314 projects in 12 coun­tries. Glob­al­ly, the firm has acquired 38 mil­lion square feet of space and devel­oped 45 mil­lion square feet (with 8 mil­lion square feet of
projects cur­rent­ly in design or under devel­op­ment) in the sector.

About Hines Glob­al
Hines Glob­al 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 Hines Glob­al, vis­it 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 pri­vate­ly owned glob­al real estate invest­ment firm found­ed in 1957 with a pres­ence in 225 cities in 25 coun­tries. Hines has approx­i­mate­ly $144.1 bil­lion¹ of assets under man­age­ment, includ­ing $75.5 bil­lion for which Hines serves as invest­ment man­ag­er, includ­ing non-real estate assets, and $68.6 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 165 devel­op­ments cur­rent­ly under­way around the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,426 prop­er­ties, total­ing over 472 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 576 prop­er­ties, rep­re­sent­ing over 246 mil­lion square feet. With exten­sive expe­ri­ence in invest­ments across the risk spec­trum and all prop­er­ty types, and a pio­neer­ing com­mit­ment to sus­tain­abil­i­ty, Hines is one of the largest and most-respect­ed real estate orga­ni­za­tions in the world. Vis­it www​.hines​.com for more infor­ma­tion.
¹AUM includes both the glob­al Hines orga­ni­za­tion as well as RIA AUM.

For­ward-Look­ing State­ments
State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tion described here­in, are for­ward-look­ing state­ments with­in the mean­ing of Sec­tion 27A of the Secu­ri­ties Act of 1933, as amend­ed, and Sec­tion 21E of the Secu­ri­ties Exchange Act of 1934, as amend­ed. Such state­ments are based on cur­rent expec­ta­tions and assump­tions with respect to, among oth­er things, the val­ue to be gen­er­at­ed by the ful­fill­ment cen­ter, future expan­sion of Hines Global’s world­wide logis­tics port­fo­lio, future eco­nom­ic, com­pet­i­tive and mar­ket con­di­tions and future busi­ness deci­sions that may prove to be incor­rect or inac­cu­rate. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks asso­ci­at­ed with Hines being able to suc­cess­ful­ly man­age the ful­fill­ment cen­ter, the ten­ant remain­ing com­mit­ted to its lease oblig­a­tions and con­tin­u­ing to pay rent in a time­ly man­ner, Hines Glob­al being able to locate and close on addi­tion­al oppor­tu­ni­ties to invest in logis­tics assets, and oth­er risks described in the Risk Fac­tors” sec­tion of Hines Glob­al’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2019, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing

Press Contact
Erica Campbell

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