January 30, 2020
Hines Global Income Trust Sells Property for $80.1 Million

A wholly-owned subsidiary of Hines Global Income Trust (“the Company”) sold the Domain Apartments...

Hines Global Income Trust Sells Property for $80.1 Million

January 29, 2020 | Margaret Armour | Blue Vault

A wholly-owned subsidiary of Hines Global Income Trust (“the Company”) sold the Domain Apartments, a multi-family property in Henderson, Nevada, for $80.1 million on January 7, 2020. The community, made up of 308 units that are 96% leased, was purchased by Domain Grand Avenue Partners, LLC, which is not affiliated with the Company nor its affiliates. The property was originally purchased by the Company in 2016 for $58.1 million.

About Hines Global Income Trust

The Company owns direct real estate investments in 19 properties estimating 8.8 million square feet, with 96% leased. The portfolio consists largely of industrial properties and apartment communities, but also includes some office and retail space. Properties are located in the US, United Kingdom, Ireland, Germany, Poland, and the Netherlands. The Company raises capital for its investments through public offerings of its common stock. As of November 13, 2019, the REIT had received gross proceeds of approximately $842.3 million in shares of common stock through its current offering.

About Hines

Hines Interests Limited Partnership (“Hines”) is a fully integrated global real estate investment and management firm. Hines has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 60 years. Hines provides investment management services to numerous investors and partners including pension plans, domestic and foreign institutional investors, high net worth individuals and retail investors. For more information, visit www.hines.com.

Sources: SEC, Hines, Blue Vault

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now