Key Takeaways
- • Hines Global Income Trust (HGIT) closed two multifamily acquisitions totaling 851 units in Dallas and Atlanta for $408.3 million, excluding transaction and closing costs, according to an SEC filing.
- • The Atlanta purchase of 99 West Paces, a 312-unit luxury community, closed for $237.8 million and marks HGIT's entry into the Atlanta multifamily market.
- • The Atlanta deal was one of the largest single-asset sales in the metro year-to-date through September, per Yardi Matrix data.
- • Atlanta multifamily volume fell 12.7% year-over-year to $1.8 billion in the first half of 2026, and units traded declined 14.2% to 9,696.
- • The Dallas portion is implied at roughly $170.5 million and about 539 units, derived by subtracting the Atlanta figures from the combined totals.
Summary
Hines Global Income Trust has closed on the acquisition of 851 multifamily units across Dallas and Atlanta in two separate transactions totaling $408.3 million, excluding transaction and closing costs, according to an SEC filing reported by Multi-Housing News. The Atlanta deal, which represents the REIT's first entry into the metro's multifamily market, closed for $237.8 million. The seller was JLB Partners, and the asset is 99 West Paces, a 312-unit luxury community completed in 2023 in the Buckhead neighborhood.
The property comprises one- to three-bedroom layouts, including penthouse options, averaging 1,196 square feet. Amenities include a wellness club and gym, a pet spa, coworking spaces and a sky lounge. The 13-story building was 95% occupied at closing. Yardi Matrix data cited in the report characterizes the transaction as one of the largest single-asset sales in the Atlanta market so far this year through September.
The submarket has drawn substantial institutional interest. Goldman Sachs acquired 92 West Paces for $90.8 million, and UBS Realty purchased SkyHouse Buckhead for $83.4 million, both earlier in 2026. Despite this activity in Buckhead, overall Atlanta investment volume contracted. Multifamily transaction volume fell 12.7% year-over-year to $1.8 billion during the first six months of 2026, and the number of apartment units changing hands declined 14.2% to 9,696.
Based on the combined total and the Atlanta price, the Dallas acquisitions account for approximately $170.5 million and roughly 539 units. The report's Dallas-specific details were not fully available in the source text.
The property comprises one- to three-bedroom layouts, including penthouse options, averaging 1,196 square feet. Amenities include a wellness club and gym, a pet spa, coworking spaces and a sky lounge. The 13-story building was 95% occupied at closing. Yardi Matrix data cited in the report characterizes the transaction as one of the largest single-asset sales in the Atlanta market so far this year through September.
The submarket has drawn substantial institutional interest. Goldman Sachs acquired 92 West Paces for $90.8 million, and UBS Realty purchased SkyHouse Buckhead for $83.4 million, both earlier in 2026. Despite this activity in Buckhead, overall Atlanta investment volume contracted. Multifamily transaction volume fell 12.7% year-over-year to $1.8 billion during the first six months of 2026, and the number of apartment units changing hands declined 14.2% to 9,696.
Based on the combined total and the Atlanta price, the Dallas acquisitions account for approximately $170.5 million and roughly 539 units. The report's Dallas-specific details were not fully available in the source text.
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