Hines Global Income Trust acquires over $500M
Castings Commerce Center has clear heights from 32 to 40 feet and a 15-year 100% real estate tax abatement.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Hines Global Income Trust, Inc. acquired three U.S. properties in Atlanta, Dallas and Columbus, Ohio, in transactions described as totaling more than $500 million. The contract purchase prices were approximately $237.8 million for 99 West Paces, acquired September 29, 2026; approximately $170.5 million for Bishop Arts Portfolio, acquired September 30, 2026; and approximately $117.0 million for Castings Commerce Center, acquired August 31, 2026. Each contract purchase price excludes transaction costs and closing prorations.
99 West Paces has approximately 380,700 square feet of net rentable area and is 95% leased. Bishop Arts has approximately 438,000 square feet of residential space, 95% leased, and approximately 49,000 square feet of retail, 98% leased. Castings has approximately 862,000 square feet of net rentable area and is 96% leased. HGIT reported portfolio gross asset value of approximately $6.89 billion as of August 31, 2026, including properties in its Delaware statutory trust program.
1 point · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThree acquisitions totaling more than $500 million expand HGIT’s U.S. portfolio.
Negative
- None.
Filing Explained
For the acquired Castings Commerce Center, the release reports a 15-year, 100% real-estate-tax abatement and a 9.1-year WALT, adding property-level tax and lease terms to the acquisition disclosure.
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Acquisitions: More than $500 million
Contract purchase price — 99 West Paces: Approximately $237.8 million
Contract purchase price — Bishop Arts Portfolio: Approximately $170.5 million
+3 more
6 metrics
Acquisitions
More than $500 million
Three properties across Atlanta, Dallas and Columbus, Ohio
Contract purchase price — 99 West Paces
Approximately $237.8 million
Acquired September 29, 2026; excludes transaction costs and closing prorations
Contract purchase price — Bishop Arts Portfolio
Approximately $170.5 million
Acquired September 30, 2026; excludes transaction costs and closing prorations
Contract purchase price — Castings Commerce Center
Approximately $117.0 million
Acquired August 31, 2026; excludes transaction costs and closing prorations
Portfolio gross asset value
Approximately $6.89 billion
As of August 31, 2026; includes properties in HGIT’s Delaware statutory trust program
WALT
9.1 years
Castings Commerce Center
Key Terms
WALT, net rentable area, real estate tax abatement, Delaware statutory trust program
4 terms
WALT financial
"With a 9.1-year WALT"
WALT (Weighted Average Lease Term) measures the average remaining length of all leases in a property or real-estate portfolio, giving larger leases more influence than smaller ones. Investors use it to gauge how long rental income is likely to remain steady and how soon a landlord may need to renegotiate or replace tenants — think of it like the average time left on a group of subscriptions, which signals short- or long-term income stability and re-leasing risk.
net rentable area technical
"approximately 862,000 square feet of net rentable area"
Net rentable area is the amount of floor space in a commercial property that can be leased to tenants, measured under standard real-estate rules. It usually equals a tenant’s usable area plus a pro rata share of shared spaces (lobbies, corridors, restrooms) and is the figure landlords use to calculate rent and compare income per square foot. Investors care because it directly drives potential rental income and occupancy metrics, like rent per square foot and building yield.
real estate tax abatement regulatory
"a 15-year 100% real estate tax abatement"
Delaware statutory trust program financial
"properties that are part of HGIT’s Delaware statutory trust program"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were HGIT’s contract purchase prices for its three acquisitions?
HGIT described the acquisitions as totaling more than $500 million. Contract purchase prices were approximately $237.8 million for 99 West Paces, $170.5 million for Bishop Arts Portfolio, and $117.0 million for Castings Commerce Center. Each price excludes transaction costs and closing prorations.
How is Castings Commerce Center leased?
Castings Commerce Center was 96% leased to five tenants. It had a 9.1-year WALT and long-term leases with two Fortune 100 companies; the property also has a 15-year 100% real estate tax abatement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | |||||
__________________________________
(Exact name of registrant as specified in its charter)
Commission file number: 000-55599
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| (Address of principal executive offices) | (Zip code) | |||||||
( | ||||||||
| (Registrant’s telephone number, including area code) | ||||||||
| Not Applicable | ||||||||
| Former name or former address, if changed since last report | ||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure
On October 6, 2026, Hines Interests Limited Partnership (“Hines”) issued a press release related to the acquisitions of 99 West Paces, Bishop Arts Portfolio and Castings Commerce Center by Hines Global Income Trust, Inc. (the "Company"). A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K, including the press release attached as Exhibit 99.1 hereto, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished herewith, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.
Item 8.01 Other Items
Recent Acquisitions
The Company acquired Castings Commerce Center on August 31, 2026. Castings Commerce Center is an industrial property located in Columbus, Ohio. The property is comprised of approximately 862,000 square feet of net rentable area that is currently 96% leased. The contract purchase price of Castings Commerce Center was approximately $117.0 million exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates.
The Company acquired 99 West Paces on September 29, 2026. 99 West Paces is a residential property located in Atlanta, Georgia. The property is comprised of approximately 380,700 square feet of net rentable area that is currently 95% leased. The contract purchase price of 99 West Paces was approximately $237.8 million exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates.
The Company acquired Bishop Arts Portfolio on September 30, 2026. Bishop Arts Portfolio is a residential and retail property located in Dallas, Texas. The residential property is comprised of approximately 438,000 square feet of net rentable area that is currently 95% leased and the retail property is approximately 49,000 square feet of net rentable area that is currently 98% leased. The contract purchase price of Bishop Arts was approximately $170.5 million exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | ||||
| 99.1 | Press Release of Hines, dated October 6, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Hines Global Income Trust, Inc. | |||||||||||||||||
| October 6, 2026 | By: | /s/ A. Gordon Findlay | |||||||||||||||
Name: A. Gordon Findlay | |||||||||||||||||
Title: Chief Accounting Officer, Treasurer and Secretary | |||||||||||||||||
Exhibit 99.1
For Immediate Release
October 6, 2026
News Release
For Further Information, Contact:
Hines Press Office
pressoffice@hines.com
HINES GLOBAL INCOME TRUST EXPANDS U.S. PORTFOLIO WITH MORE THAN $500 MILLION IN ACQUISITIONS
HGIT builds scale across high-conviction living, mixed-use and industrial sectors in three U.S. markets
(HOUSTON) – Hines, a leading global real assets investment manager, today announced that Hines Global Income Trust, Inc. (“Hines Global Income Trust” or “HGIT”) is expanding its U.S. portfolio through three acquisitions totaling more than $500 million across Atlanta, Dallas, and Columbus, Ohio.
The acquisitions advance HGIT’s high-conviction strategy across living, mixed-use and industrial real estate. Together, the properties expand the portfolio across three U.S. markets and provide diversified exposure to residential, retail and industrial demand.
•99 West Paces, Atlanta: a 312-unit luxury multifamily tower.
•Bishop Arts Portfolio, Dallas: a mixed-use property with 539 multifamily units and approximately 49,000-square-feet of high-street retail.
•Castings Commerce Center, Columbus: an 862,000-square-foot Class A industrial portfolio.
“We believe that together, these acquisitions reflect HGIT’s disciplined approach to investing in high-quality assets at the right basis in markets with durable demand,” said Alfonso Munk, Global Co-Head of Investment Management at Hines. “We believe they add scale and diversification across living, mixed-use and industrial, while allowing Hines to apply its local market knowledge and operating expertise to support long-term performance.”
“Selectivity matters more than ever. Across living, mixed-use, and industrial, our focus is on individual buildings and submarkets where leasing, tenant demand, and supply conditions are moving in the right direction,” said Ray Lawler, Head of Americas at Hines. “We believe these assets reflect our strategy of identifying high-quality properties where local demand, differentiated positioning, and active ownership can support long-term performance.”
More on 99 West Paces
99 West Paces is located in Atlanta's Buckhead neighborhood, directly adjacent to Buckhead Village and within walking distance of premier retail, dining, and services, including Whole Foods, St. Regis, Tuxedo Park, and Cherokee Town & Country Club. Completed in 2023, the 13-story property is approximately 95% leased and offers large residences with high-quality finishes, and expansive amenities, such as a wellness club and fitness center, pet spa, coworking spaces, a sky lounge and more.
The asset expands HGIT's multifamily platform into Atlanta, with Hines Living to provide asset and property management services.
Michael Harrison and Vikram Mehra of Hines’ U.S. Sunbelt team led this acquisition.
More on Bishop Arts Portfolio
The Bishop Arts Portfolio is a mixed-use urban property spread across nine buildings on nearly seven acres in Dallas' Bishop Arts District. The portfolio is approximately 95% leased across its multifamily assets and 98% leased across retail, with 22 tenants comprising a mix of restaurants, boutiques, and neighborhood-serving businesses.
Its walkable, lifestyle-oriented location offers residents, visitors, and tenants access to one of Dallas' most experiential urban districts.
Michael Harrison, Will Renner, and Corbin Eckel of Hines’ U.S. Sunbelt team led this acquisition.
More on Castings Commerce Center
Castings Commerce Center is a three-building, 862,000-square-foot Class A industrial portfolio developed in 2024 and 96% leased to five tenants. The assets feature clear heights from 32 to 40 feet, a 15-year 100% real estate tax abatement, and strategic access to I-70, I-71, I-270, two Class I railroads, and Rickenbacker International Cargo Airport. With a 9.1-year WALT, the portfolio is anchored by long-term leases with two Fortune 100 companies. The acquisition further expands HGIT's Midwest industrial portfolio.
Palmer Letzerich and Fordy Gates of Hines’ Industrial team led this acquisition. JLL represented the seller.
HGIT’s portfolio, including properties that are part of HGIT’s Delaware statutory trust program, has a gross asset value of approximately $6.89 billion as of August 31, 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.
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 hinesglobalincometrust.com.
About Hines
Hines is a leading global real assets platform, built on nearly 70 years of developer's instinct and investor's discipline. Founded in 1957, we compound value through an operator's edge – a ground-level understanding of what makes assets perform – across residential, logistics, office, data centers and infrastructure. Our 4,600 employees in 29 countries manage approximately $91 billion of assets¹ on behalf of institutional and private wealth clients, drawing on decades of proprietary knowledge to find and create value. Private ownership keeps our interests aligned with those of our clients and investors over the long term. To learn more, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2026.
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 risk 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.