Hines Global Income Trust Backs Trophy Office Recovery with Austin Acquisition

Diversified real estate investment trust selectively buys trophy U.S. office, paired with necessity-based retail

(HOUS­TON) – Hines, a lead­ing glob­al real assets invest­ment man­ag­er, today announced that Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or ​“HGIT”) has acquired two assets in the Unit­ed States: 405 Col­orado in Austin, Texas, and Wick­er Park Com­mons in Chica­go, Illinois.

The acqui­si­tions align with HGIT’s strat­e­gy of build­ing a diver­si­fied port­fo­lio of sta­bi­lized assets with the poten­tial to pro­vide durable income. HGIT is selec­tive­ly buy­ing U.S. office again, focus­ing on tro­phy office assets with strong occu­pan­cy, while pair­ing that con­vic­tion with neces­si­ty-based retail income.

“We’re invest­ing where we see the poten­tial for strong align­ment between income dura­bil­i­ty and attrac­tive pric­ing,” said Alfon­so Munk, Glob­al Co-Head of Invest­ment Man­age­ment at Hines. ​“We believe the U.S. office recov­ery is under­way, with demand con­cen­trat­ed in ful­ly leased tro­phy assets. In office, our strat­e­gy involves selec­tive­ly acquir­ing best-in-class prop­er­ties with strong ten­ants and high­ly vis­i­ble income, while main­tain­ing our focus on gro­cery-anchored retail. HGIT’s acqui­si­tion of 405 Col­orado and Wick­er Park Com­mons reflects this strategy.”

HGIT acquired the fol­low­ing assets:

• 405 Col­orado (Austin, Texas) – A 206,000-square-foot, Class AA bou­tique office tow­er in Austin’s cen­tral busi­ness dis­trict. The asset is 100% leased to a diver­si­fied ten­ant base, includ­ing JPMor­gan Chase, Bain & Com­pa­ny, and Alliance­Bern­stein, and has ben­e­fit­ed from strong demand for high-qual­i­ty office space and lim­it­ed new supply.
• Wick­er Park Com­mons (Chica­go, Illi­nois) – A 183,000‑square‑foot, grocery‑anchored retail cen­ter locat­ed in Chicago’s Wick­er Park neigh­bor­hood. The prop­er­ty is 99% leased and anchored by Jewel‑Osco and Lowe’s, two necessity‑based retail­ers with long‑term leas­es, serv­ing one of Chicago’s most afflu­ent and high bar­ri­er-to-entry areas.

The acqui­si­tions come as U.S. office fun­da­men­tals have con­tin­ued to improve. Accord­ing to Hines Research, the mar­ket record­ed 7 mil­lion square feet of net absorp­tion over the 12 months through Q1 2026, includ­ing three con­sec­u­tive quar­ters of pos­i­tive absorp­tion – the strongest sus­tained recov­ery in demand since the pan­dem­ic.¹ 

HGIT’s port­fo­lio, includ­ing prop­er­ties that are part of HGIT’s Delaware statu­to­ry trust pro­gram, has a gross asset val­ue of approx­i­mate­ly $6.4 bil­lion as of May 2026 and is diver­si­fied across geo­gra­phies and prop­er­ty types. HGIT focus­es on high-con­vic­tion sec­tors sup­port­ed by the poten­tial for durable income and favor­able long-term fun­da­men­tals, while main­tain­ing a dis­ci­plined approach to cap­i­tal deployment.

“Fun­da­men­tals are dri­ving per­for­mance, and oppor­tu­ni­ties today are increas­ing­ly defined by oper­a­tional strength,” Munk added. ​“We believe our ver­ti­cal­ly inte­grat­ed plat­form enables dis­ci­plined exe­cu­tion and will allow us to cap­ture val­ue through active ownership.”

Mar­ket­ing Communication

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 HGIT, vis­it www​.hines​glob​al​in​cometrust​.com.

About Hines

Hines is a lead­ing glob­al real estate invest­ment man­ag­er. We own and oper­ate $91.7 bil­lion² of assets across prop­er­ty types and on behalf of a diverse group of insti­tu­tion­al and pri­vate wealth clients. Every day, our 4,600 employ­ees in 30 coun­tries draw on our 69-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. 

¹Source: CoStar and Hines Research as of Q1 2026.
²Includes both the glob­al Hines orga­ni­za­tion and RIA AUM as of Decem­ber 31, 2025.

For­ward Look­ing Statements

State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tions described here­in and HGIT’s abil­i­ty to con­tin­ue to selec­tive­ly acquire office prop­er­ties and build its invest­ment port­fo­lio in a man­ner that meets its invest­ment objec­tives and is aligned with its invest­ment strat­e­gy, 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 poten­tial near-term and long-term per­for­mance of these prop­er­ties, future eco­nom­ic, com­pet­i­tive and mar­ket con­di­tions, the avail­abil­i­ty to HGIT of addi­tion­al selec­tive buy­ing oppor­tu­ni­ties in the office sec­tor, 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 these prop­er­ties, risks asso­ci­at­ed with any eco­nom­ic down­turn glob­al­ly or in the regions where the prop­er­ties are locat­ed, and oth­er risks described in the ​“Risk Fac­tors” sec­tion of HGIT’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2025, as updat­ed by its sub­se­quent fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.