Hines Expands Portfolio with New Acquisitions and DST Offering

Hines Global Income Trust broadens its investment footprint with European logistics and U.S. multifamily assets.

January 16, 2025

Strategic Growth in Logistics and Residential Sectors

Hines Global Income Trust, Inc. has expanded its portfolio with two significant acquisitions, adding a logistics asset in Italy and a multifamily property in the U.S. The company has also completed a $124.7-million Delaware Statutory Trust (DST) offering, reinforcing its strategic commitment to diverse real estate investments.

The firm’s latest acquisition, Tortona Logistics, is a logistics portfolio located in Tortona, Italy. The deal includes two existing buildings totaling approximately 1.15 million square feet of rentable space, which are fully leased, along with a forward purchase option for a third building currently under construction. The total purchase price was approximately €137 million, or $144 million at the exchange rate at the time of acquisition. The third property is expected to close in 2025 upon completion of construction.

In addition, Hines has acquired E2 Apartments, a residential complex in Evanston, Illinois, covering approximately 304,000 square feet. The property is 98% leased and was purchased for $148 million. These acquisitions further diversify the company's holdings across key real estate segments.

Boosting Capital Through DST Offering

Alongside its acquisitions, Hines Global Income Trust successfully closed a $124.7-million DST offering tied to Diridon West, enhancing its capital structure. The DST structure provides investors with fractional ownership of institutional-grade real estate, offering an alternative investment strategy within Hines' broader platform.

With these transactions, Hines continues to strengthen its global footprint, leveraging strategic investments in both logistics and residential real estate to create long-term value.