Key Takeaways
- • Hines executed $525M+ in acquisitions across three distinct U.S. properties, diversifying its portfolio into multifamily, mixed-use, and industrial asset classes.
- • Acquired Castings Commerce Center in Columbus, Ohio—an 862,000 sq ft industrial property at 96% occupancy for approximately $117.0M.
- • Acquired 99 West Paces in Atlanta, Georgia—a 312-unit luxury multifamily asset spanning 380,700 sq ft at 95% occupancy for approximately $237.8M.
- • Acquired Bishop Arts Portfolio in Dallas, Texas—a mixed-use property combining 539 multifamily units (438,000 sq ft, 95% leased) and 49,000 sq ft of retail space (98% leased) for approximately $170.5M.
- • The acquisitions expand Hines Global Income Trust's (HGIT) scale and geographic diversification across three major metropolitan markets with strong occupancy metrics.
Summary
Hines announced the acquisition of over $525 million in real estate assets, reinforcing its strategic expansion across key U.S. property segments. The transaction, disclosed in an October 6, 2026 SEC filing by Hines Global Income Trust, includes three cornerstone acquisitions that collectively enhance the firm's multifamily, mixed-use, and industrial holdings.
The portfolio addition represents a balanced approach to geographic and asset-class diversification. The Castings Commerce Center acquisition in Columbus, Ohio brings an industrial asset of 862,000 square feet with strong 96% occupancy to the platform at a contract price of $117.0 million. Meanwhile, the 99 West Paces property in Atlanta delivers 312 luxury multifamily units across 380,700 square feet with 95% occupancy for $237.8 million, providing exposure to the high-performing Atlanta residential market.
The Bishop Arts Portfolio in Dallas, acquired for $170.5 million, represents a mixed-use play combining 539 multifamily units and retail space. The residential component spans 438,000 square feet at 95% occupancy, while the retail component covers 49,000 square feet at 98% occupancy, demonstrating the property's operational strength and market positioning. Collectively, these transactions position HGIT to benefit from exposure to three major metropolitan markets—Columbus, Atlanta, and Dallas—each with distinct supply-demand dynamics and growth trajectories in their respective segments.
The portfolio addition represents a balanced approach to geographic and asset-class diversification. The Castings Commerce Center acquisition in Columbus, Ohio brings an industrial asset of 862,000 square feet with strong 96% occupancy to the platform at a contract price of $117.0 million. Meanwhile, the 99 West Paces property in Atlanta delivers 312 luxury multifamily units across 380,700 square feet with 95% occupancy for $237.8 million, providing exposure to the high-performing Atlanta residential market.
The Bishop Arts Portfolio in Dallas, acquired for $170.5 million, represents a mixed-use play combining 539 multifamily units and retail space. The residential component spans 438,000 square feet at 95% occupancy, while the retail component covers 49,000 square feet at 98% occupancy, demonstrating the property's operational strength and market positioning. Collectively, these transactions position HGIT to benefit from exposure to three major metropolitan markets—Columbus, Atlanta, and Dallas—each with distinct supply-demand dynamics and growth trajectories in their respective segments.
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