Hines Global Income Trust Acquires Multifamily Community in Houston

(HOUS­TON) – Hines, the inter­na­tion­al real estate firm, announced today that Hines Glob­al Income Trust, Inc., has acquired Venue Muse­um Dis­trict, a mul­ti­fam­i­ly prop­er­ty locat­ed in the Muse­um Dis­trict sub­mar­ket of Houston.

Venue Muse­um Dis­trict was con­struct­ed in 2009 and con­sists of 224 leasable units that are present­ly 92 per­cent leased, as well as a 15,625-square-foot par­cel of adja­cent land also acquired in the trans­ac­tion. Locat­ed along the Hous­ton Metro­rail with quick access to the Texas Med­ical Cen­ter, Rice Uni­ver­si­ty, and Down­town Hous­ton, Venue Muse­um Dis­trict offers a high-qual­i­ty res­i­den­tial experience.

Sher­ri Schugart, pres­i­dent and CEO of Hines Glob­al Income Trust, said, ​“We are excit­ed to add this top-qual­i­ty prop­er­ty locat­ed at the nexus of Houston’s cul­tur­al, med­ical and busi­ness com­mu­ni­ties to our port­fo­lio. We look for­ward to par­tic­i­pat­ing in the con­tin­ued growth of the Hous­ton mar­ket in years to come.”

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 Hines Glob­al Income Trust, 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 207 cities in 24 coun­tries. Hines has approx­i­mate­ly $116.4 bil­lion of assets under man­age­ment, includ­ing $64 bil­lion for which Hines pro­vides fidu­cia­ry invest­ment man­age­ment ser­vices, and $52.4 bil­lion for which Hines pro­vides third-par­ty prop­er­ty-lev­el ser­vices. The firm has 109 devel­op­ments cur­rent­ly under­way around the world. His­tor­i­cal­ly, Hines has devel­oped, rede­vel­oped or acquired 1,319 prop­er­ties, total­ing over 431 mil­lion square feet. The firm’s cur­rent prop­er­ty and asset man­age­ment port­fo­lio includes 527 prop­er­ties, rep­re­sent­ing over 224 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.

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, ten­ant per­for­mance, 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 the abil­i­ty and will­ing­ness of the cur­rent ten­ants to con­tin­ue to make rental pay­ments pur­suant to their lease agree­ments and oth­er risks described in the ​“Risk Fac­tors” sec­tion of Hines Glob­al Income Trust’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2017, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.