Thursday, 8 October 2026
Hines Global Income Trust has invested approximately $525.3 million in three US property acquisitions, expanding its holdings in residential, retail and industrial real estate. The transactions, completed between late August and September 2026, involve properties in Atlanta, Dallas and Columbus, Ohio, and reflect the investment vehicle’s continued allocation of capital across different property sectors.
The largest transaction involved the acquisition of 99 West Paces, a residential tower in Atlanta’s Buckhead district, for approximately $237.8 million. The 13-storey building contains 312 apartments and around 380,700 sq ft of rentable accommodation. The property was approximately 95% occupied at acquisition, providing the trust with an established rental income stream as it enters Atlanta’s multifamily residential market.
The Atlanta transaction was completed on 29 September. According to independent property market reporting, the seller was JLB Partners. The building contains apartments ranging from one to three bedrooms, alongside larger residential units and shared facilities. Its location in Buckhead places it close to established shopping, restaurant and employment areas. Hines Living will oversee the property’s management.
In Dallas, the trust acquired the Bishop Arts Portfolio for $170.5 million on 30 September. The investment comprises nine buildings spread across approximately seven acres, containing 539 apartments and 49,000 sq ft of retail space. The residential accommodation was 95% leased at acquisition, while the commercial premises had reached 98% occupancy, with 22 businesses operating across the retail component.
The Dallas acquisition provides exposure to two different property markets within a single development area. Residential leases generate income from households, while the commercial premises accommodate restaurants, independent retailers and businesses serving the surrounding neighbourhood. The combination allows the trust to participate in the economic activity of an established urban district rather than relying exclusively on one category of occupier.
The third transaction was completed on 31 August, when Hines Global Income Trust purchased Castings Commerce Center in Columbus for approximately $117 million. The industrial investment consists of three buildings providing around 862,000 sq ft of accommodation. Developed in 2024, the properties were 96% leased to five occupiers at acquisition, including two Fortune 100 companies.
The Columbus investment has a weighted average remaining lease term of approximately 9.1 years and benefits from a 15-year exemption from property taxes. The buildings also offer access to major interstate highways, railway connections and Rickenbacker International Cargo Airport. These characteristics provide a different investment profile from the residential acquisitions, combining longer contractual income commitments with infrastructure serving distribution and industrial operations.
Regulatory disclosures filed with the US Securities and Exchange Commission on 6 October confirm that the three properties were purchased for a combined $525.3 million before transaction expenses and closing adjustments. The Atlanta and Dallas residential investments account for approximately $408.3 million of the total, while the Columbus industrial acquisition represents the remaining $117 million.
Before the September transactions, Hines Global Income Trust reported a property portfolio with a gross asset value of approximately $6.89 billion as of 31 August 2026, including assets held through its Delaware statutory trust programme. The figure represents gross property value rather than the trust’s equity value and already includes the Columbus acquisition.
The acquisitions illustrate how diversified real estate investors are seeking income from several segments of the US property market. Residential assets in Atlanta and Dallas provide exposure to household rental demand, while the Dallas retail premises add commercial income and the Columbus facilities offer longer-term industrial leases. The investment strategy also spreads capital across three metropolitan areas rather than concentrating the entire commitment in a single market.
For the wider commercial property sector, the transactions demonstrate that substantial capital remains available for acquisitions where investors identify suitable occupancy levels, income characteristics and local market conditions. However, the purchases represent individual investment decisions rather than evidence of a broader recovery in US real estate transaction volumes or valuations.
