Hines Global Income Trust Acquires Design Center of the Carolinas

What Happened
Hines Global Income Trust, Inc. (HGIT) filed a Current Report on Form 8-K on July 21, 2026 to disclose that Hines Interests Limited Partnership issued a press release announcing HGIT's acquisition of Design Center of the Carolinas, a retail property and workspace in Charlotte, North Carolina.

Key Details

• Property: Design Center of the Carolinas, located in Charlotte, NC, approximately 239,000 sq. ft. of net rentable area.
• Occupancy: The property is currently ~88% leased.
• Purchase price: Contract purchase price approximately $170.0 million (exclusive of transaction costs and prorations).
• Seller: The seller is unaffiliated with HGIT or its affiliates; press release furnished as Exhibit 99.1 to the 8-K (filed July 21, 2026).

Why It Matters
This is a material acquisition for HGIT focused on retail and workspace real estate. The size (239k sq. ft.) and relatively high occupancy (88%) may contribute to HGIT’s rental income profile; the ~$170M purchase price gives investors a concrete sense of the transaction scale. The filing alerts investors to the acquisition and provides basic deal terms without financial pro forma impacts or financing details.