Hines Global Income Trust Announces Increased NAV per Share

October 15, 2021 | James Sprow | Blue Vault

In an 8-K filing with the SEC on October 15, Hines Global Income Trust, Inc., a continuously offered nontraded REIT, announced the September 30, 2021, NAV per share at $10.32.  This is up from $10.26 as of August 31, 2021, an increase of approximately 58 bps.   

The $10.32 will be the transaction price for each class of the REIT’s common stock as of September 30, 2021, which is the transaction price (i) at which distributions declared for October 2021 will be reinvested as of the first business day of November 2021 and (ii) applicable to redemptions completed pursuant to the REIT’s share redemption program as of October 31, 2021.   

The transaction price for each of the REIT’s share classes is equal to such class’s net asset value (“NAV”) per share as of September 30, 2021. The NAV per share as of September 30, 2021. is the same for each of the REIT’s share classes. 

Source: SEC