Hines Global Income Trust Acquires Charlotte Mixed-Use Asset

Hines Global Income Trust announced a series of significant mixed-use property acquisitions that reinforce its strategic focus on income-generating residential and retail assets in premier U.S. markets. The flagship transaction involves Runway, a 630,000-square-foot mixed-use property in Los Angeles' Playa Vista community, acquired for $428.1 million. The asset features a 94% occupancy rate, combining grocery-anchored retail space with 420 residential units, positioning it as a trophy live-work-play destination in Southern California's premier lifestyle market. Concurrently, HGIT acquired Montrose Collective, a 189,000-square-foot Class AA retail and workspace asset in Houston's cultural district, for $137.5 million at 100% occupancy. Additionally, the trust secured the Design Center of the Carolinas in Charlotte's South End for approximately $170 million, a 239,000-square-foot mixed-use property at 88% occupancy.

These acquisitions represent strategic capital deployment aligned with HGIT's documented growth strategy. According to Alfonso Munk, Co-Head of Investment Management at Hines, the properties exemplify the trust's conviction in residential and retail sector fundamentals, each distinguished by "exceptional occupancy and strategic locations in two dynamic submarkets." The combined investment activity has increased the trust's gross asset value to approximately $6.4 billion as of mid-2026, spanning 409 properties diversified by geography and property type. Approximately three-quarters of the portfolio is allocated to industrial, living, and retail sectors, reflecting a deliberate tilt toward resilient asset classes with demonstrated income stability and appreciation potential.

These acquisitions follow a documented pattern of recent capital deployment for HGIT. The trust has systematically expanded its footprint in mixed-use urban nodes, prioritizing fully or near-fully leased assets in markets with strong demographic and employment tailwinds. The combination of high occupancy rates, diversified income streams from residential and retail tenancy, and strategic market positioning in Los Angeles, Houston, and Charlotte reflects institutional investor appetite for stabilized, income-producing real estate during a period of portfolio rebalancing. For institutional investors and family offices evaluating HGIT's capital allocation discipline, these transactions underscore management's focus on deploying dry powder into accretive, core-plus quality assets rather than opportunistic value-add strategies.