Hines Global Income Trust (HGIT) acquires $170M Design Center of the Carolinas
Rhea-AI Filing Summary
Hines Global Income Trust, Inc. acquired the Design Center of the Carolinas, a premier mixed-use retail and workspace property in Charlotte’s South End, on July 20, 2026. The property has approximately 239,000 square feet of net rentable area and is currently 88% leased. The contract purchase price was approximately $170.0 million, excluding transaction costs and closing prorations, and the seller is not affiliated with Hines Global Income Trust or its affiliates.
The asset spans nine buildings across roughly seven acres, including 122,000 square feet of retail and 117,000 square feet of creative office space, with tenants such as Jeni’s Ice Cream, Abercrombie & Fitch, and Patagonia. Management states that the acquisition aligns with a strategy of investing in stabilized assets with potential for durable income in high-conviction growth markets. Hines Global Income Trust’s broader portfolio, including Delaware statutory trust program properties, has a gross asset value of approximately $6.45 billion as of June 2026.
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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, and exhibit attachments filed with this report.
Key Figures
Purchase Price: $170.0 million
Net Rentable Area: 239,000 square feet
Occupancy: 88%
+4 more
7 metrics
Purchase Price
$170.0 million
Contract purchase price of Design Center of the Carolinas, exclusive of transaction costs and prorations
Net Rentable Area
239,000 square feet
Net rentable area of Design Center of the Carolinas
Occupancy
88%
Portion of net rentable area currently leased at Design Center of the Carolinas
Retail Area
122,000 square feet
Retail space within Design Center of the Carolinas
Creative Office Area
117,000 square feet
Creative office space within Design Center of the Carolinas
HGIT Portfolio Gross Asset Value
$6.45 billion
Gross asset value of HGIT’s portfolio, including Delaware statutory trust program, as of June 2026
Hines Assets Owned and Operated
$91.7 billion
Value of assets owned and operated by Hines as of December 31, 2025
Key Terms
mixed-use property, stabilized assets, Delaware statutory trust program, gross asset value, +1 more
5 terms
mixed-use property financial
"a premier mixed-use property in Charlotte's South End"
stabilized assets financial
"strategy of building a diversified portfolio of stabilized assets"
Delaware statutory trust program financial
"including properties that are part of HGIT’s Delaware statutory trust program"
gross asset value financial
"has a gross asset value of approximately $6.45 billion"
Gross asset value is the total market value of all a company’s or fund’s assets before any debts, reserves, fees or other deductions are taken out. Investors care because it shows the raw size and composition of what is owned—like the full contents of a suitcase before removing baggage fees—helping assess scale, growth and the starting point for calculating net value per share.
forward-looking statements regulatory
"are forward-looking statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What property did Hines Global Income Trust (HGIT) acquire in this 8-K disclosure?
Hines Global Income Trust acquired the Design Center of the Carolinas, a mixed-use retail and creative office property in Charlotte’s South End with 239,000 square feet of net rentable area, spanning nine buildings on approximately seven acres.
How much did Hines Global Income Trust (HGIT) pay for the Design Center of the Carolinas?
Hines Global Income Trust agreed to a contract purchase price of approximately $170.0 million for the Design Center of the Carolinas, exclusive of transaction costs and closing prorations, from a seller that is not affiliated with the company or its affiliates.
What is the occupancy level of HGIT’s newly acquired Design Center of the Carolinas?
The Design Center of the Carolinas is reported as 88% leased. The property includes 122,000 square feet of retail and 117,000 square feet of creative office space, with tenants such as Jeni’s Ice Cream, Abercrombie & Fitch, and Patagonia.
How large is Hines Global Income Trust’s (HGIT) overall portfolio after this acquisition?
Hines Global Income Trust’s portfolio, including properties in its Delaware statutory trust program, has a gross asset value of approximately $6.45 billion as of June 2026, diversified across geographies and property types in sectors targeted for durable income potential.
How does the Design Center of the Carolinas fit HGIT’s investment strategy (symbol HGIT)?
Management states the acquisition supports HGIT’s focus on stabilized assets with potential for durable income in high-conviction growth markets. The Charlotte South End location offers strong demographics, employment growth, and demand for connected, amenitized mixed-use environments.
Who manages and sponsored Hines Global Income Trust (HGIT), and what is Hines’ scale?
Hines Global Income Trust is a public, non-listed REIT sponsored by Hines. Hines reports owning and operating $91.7 billion of assets globally as of December 31, 2025, across multiple property types for institutional and private wealth clients.
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): | |||||
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(Exact name of registrant as specified in its charter)
Commission file number: 000-55599
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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 ☐
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Item 7.01 Regulation FD Disclosure
On July 21, 2026, Hines Interests Limited Partnership (“Hines”) issued a press release related to the acquisition of Design Center of the Carolinas 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 Design Center of the Carolinas on July 20, 2026. Design Center of the Carolinas is a retail property and workspace located in Charlotte, North Carolina. The property is comprised of approximately 239,000 square feet of net rentable area that is currently 88% leased. The contract purchase price of Design Center of the Carolinas was approximately $170.0 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 July 21, 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. | |||||||||||||||||
| July 21, 2026 | By: | /s/ A. Gordon Findlay | |||||||||||||||
Name: A. Gordon Findlay | |||||||||||||||||
Title: Chief Accounting Officer, Treasurer and Secretary | |||||||||||||||||
Exhibit 99.1
For Immediate Release
July 21, 2026
News Release
For Further Information, Contact:
Hines Press Office
pressoffice@hines.com
HINES GLOBAL INCOME TRUST ACQUIRES DESIGN CENTER OF THE CAROLINAS IN CHARLOTTE'S SOUTH END
Acquisition adds stabilized mixed-use asset in one of the country's most dynamic growth districts
(CHARLOTTE) – Hines, a leading global real assets investment manager, today announced that Hines Global Income Trust, Inc. (“Hines Global Income Trust” or “HGIT”) has acquired the Design Center of the Carolinas, a premier mixed-use property in Charlotte's South End.
The acquisitions align with HGIT’s strategy of building a diversified portfolio of stabilized assets with the potential to provide durable income. Located in one of Charlotte's most walkable and transit-connected districts, the Design Center of the Carolinas brings together creative office, curated retail, food and beverage, wellness, lifestyle and design-oriented uses in an established mixed-use environment.
The acquisition also expands Hines' presence in Charlotte, a market where the firm sees continued opportunity across mixed-use environments supported by strong demographics, employment growth and demand for connected, amenitized places.
“We believe that the Design Center of the Carolinas is a strong fit for HGIT because it combines the potential for durable income, authentic placemaking and long-term value creation in one of the Sunbelt's most dynamic mixed-use districts," said Alfonso Munk, Global Co-Head of Investment Management at Hines. "Supported by South End's favorable supply-demand dynamics, the acquisition reflects our disciplined approach to investing in high-conviction growth markets and in assets supported by strong long-term fundamentals.”
The Design Center of the Carolinas spans 239,000 square feet across nine buildings on approximately seven acres, with 122,000 square feet of retail and 117,000 square feet of creative office space. The property is substantially leased to attractive office tenants, and retailers, including Jeni's Ice Cream, Abercrombie & Fitch, and Patagonia. Located in the heart of South End, the asset offers direct access to the Rail Trail and light rail., combining adaptive reuse creative office with a curated mix of retail and amenities in a highly connected setting.
"The Design Center of the Carolinas sits at the center of South End's continued evolution and reflects the kind of authentic, transit-connected environment that has attracted companies, retailers and the community," said Paul Zarian, Managing Director at Hines. "With a strong mix of creative tenants and established neighborhood energy, we believe that the property is well positioned to benefit from Charlotte's continued growth."
HGIT’s portfolio, including properties that are part of HGIT’s Delaware statutory trust program, has a gross asset value of approximately $6.45 billion as of June 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.
Paul Zarian and Jesse Amundson led the acquisition on behalf of Hines. Ryan Shore and Miles Theodore with Eastdil Secured represented the seller, Asana Partners.
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 estate investment manager. We own and operate $91.7 billion¹ 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.
¹Includes 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 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.