Hines Global Income Trust · Hines . Global Income Trust. INVESTING WORLDWIDE . FOR INCOME AND...
Transcript of Hines Global Income Trust · Hines . Global Income Trust. INVESTING WORLDWIDE . FOR INCOME AND...
Hines Global Income TrustINVESTING WORLDWIDE FOR INCOME AND GROWTH™
This must be read in conjunction with the prospectus in order to understand fully all of the implications and risks of an investment in Hines Global Income Trust, Inc. (“Hines Global”). A copy of the prospectus must be made available to you in connection with this offering. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, which can only be made by the prospectus. Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has passed on or endorsed the merits of the offering of Hines Global. Any representation to the contrary is unlawful.
As of December 31, 2020
Please note “Building Details” are listed in square feet (“SF”) for certain properties.
“I have never believedin status-quo. I believe we can always improve—either by rethinking existing ways of doing things or by thinking outside the box. This is innovation—it is a state of mind.”—Gerald D. Hines
2
2
22
P o r t f o l i o O ve r v i e w1
23 properties
94%2
Percentage Leased
11.1 millionsquare feet
95 buildings
1 Data as of January 31, 2021 and also include the effects of the acquisition of 5301 Patrick Henry in February 2021.2 The percentage leased and square footage are based on data as of September 30, 2020, but reflect the acquisition of
6000 Schertz and 5100 Cross Point in December 2020 and 5301 Patrick Henry in February 2021.
INDUSTRIAL
52%MULTIFAMILY
27%
2
22
52%DOMESTIC
48%INTERNATIONAL
RETAIL
14%OFFICE
7%
5301 Patrick HenrySanta Clara, California
Property at a Glance
LocationSanta Clara, California
Property Type Industrial
Building Details1 building 129,200 SF*
Transaction DetailsAcquired on 02/10/2021 Net Purchase Price: $68.0M
Major TenantsA Multinational Technology Company
*As of acquisition date
5100 Cross PointCoventry, United Kingdom
Property at a Glance
LocationCoventry, United Kingdom
Property Type Industrial
Building Details1 building 146,531 SF*
Transaction DetailsAcquired on 12/22/2020 Net Purchase Price: $23.1M
Major TenantsRestore PLC
*As of acquisition date
6000 SchertzSchertz, Texas
Property at a Glance
LocationSchertz, Texas
Property Type Industrial
Building Details1 building 1,262,294 SF*
Transaction DetailsAcquired on: 12/11/20 Net Purchase Price: $129.2M
Major TenantsAmazon
*As of acquisition date
Advanced Manufacturing PortfolioSanta Clara, California
Property at a Glance
LocationSanta Clara, CA
Property Type Industrial
Building Details4 buildings 417,023 SF
Transaction DetailsAcquired on 08/31/2020 Net Purchase Price: $107.1M
Major TenantsIntevac Comtech Xicom Cleanpart SET Pacific Ceramics
Wakefield LogisticsWakefield, United Kingdom
Property at a Glance
LocationWakefield, United Kingdom
Property Type Industrial
Building Details1 building 207,115 SF
Transaction DetailsAcquired on 07/02/2020 Net Purchase Price: $25.6M
Major TenantsIntegrated Third Party Logistics Limited
Madrid Airport ComplexMadrid, Spain
Property at a Glance
LocationMadrid, Spain
Property Type Industrial
Building Details6 buildings 467,014 SF
Transaction DetailsAcquired on 06/19/2020 Net Purchase Price: $33.2M
Major TenantsAirbus Defence and Space S.A.U.
Royal MailEdinburgh, United Kingdom
Property at a Glance
LocationEdinburgh, United Kingdom
Property Type Industrial
Building Details2 Buildings 212,028 SF
Transaction DetailsAcquired on 12/12/2019 Net Purchase Price: $33.4M
Major TenantsRoyal Mail Group Limited
DSG BristolBristol, United Kingdom
Property at a Glance
LocationAvonmouth, Bristol
Property Type Industrial
Building Details1 Building 269,089 SF
Transaction DetailsAcquired on 11/18/2019 Net Purchase Price: $47.0M
Major TenantsDSG Retail Limited
Charles Tyrwhitt DCMilton Keynes, United Kingdom
Property at a Glance
LocationMilton Keynes, United Kingdom
Property Type Industrial
Building Details1 Building 145,452 SF
Transaction DetailsAcquired on 11/08/2019 Net Purchase Price: $19.9M
Major TenantsCharles Tyrwhitt Shirts Limited
Łódź Urban LogisticsŁódź, Poland
Property at a Glance
LocationŁódź, Poland
Property Type Industrial
Building Details1 Building 389,233 SF
Transaction DetailsAcquired on 09/26/2019 Net Purchase price: $25.2M
Major TenantsDAMCO - a MAERSK Group Company Deles Group ILS
Gdańsk PL IIGdańsk, Poland
Property at a Glance
LocationGdańsk, Poland
Property Type Industrial
Building Details2 Buildings 346,996 SF
Transaction DetailsAcquired on 09/24/2019 Net Purchase price: $29.9M
Major TenantsŻabka DB Schenker
ABC WestlandThe Hague, Netherlands
Property at a Glance
LocationThe Hague, Netherlands
Property Type Industrial
Building Details14 buildings 1,386,847 SF
Transaction DetailsAcquired on 05/03/2019 and 02/28/2020 Net Purchase Price: $142.8M
Major TenantsABC Logistics Varekamp Coldstores Van der Windt
Maintal LogisticsFrankfurt, Germany
Property at a Glance
LocationGutenbergstraße 13 & 15, 63477 Maintal Frankfurt, Germany
Property Type Industrial
Building Details3 Buildings 387,253 SF
Transaction DetailsAcquired on 12/31/2018 Net Purchase Price: $43.8M
Major TenantDHL FreightBECHER GmbH & Co. KGDB Schenker
Fresh Park VenloVenlo, Netherlands
Property at a Glance
LocationVenlo, Netherlands
Property Type Industrial
Building Details23 Buildings 2,863,620 SF
Transaction DetailsAcquired on 10/05/2018 Net Purchase Price: $136.3M
Major TenantsIntratuin Holdings ZON Fruit & Vegetables
The EmersonCentreville, Virginia
Property at a Glance
LocationCentreville, Virginia
Property Type Residential
Building Details1 Building 355 Units
Transaction DetailsAcquired on 01/24/2020 Net Purchase Price: $117M
The AlloyCollege Park, Maryland
Property at a Glance
LocationCollege Park, MD
Property Type Multifamily
Building Details1 Building 275 Units
Transaction DetailsAcquired on 11/14/2019 Net Purchase Price: $98.0M
Glasgow West EndGlasgow, United Kingdom
Property at a Glance
LocationGlasgow, United Kingdom
Property Type Class A Student Housing
Building Details3 Buildings 607 Beds
Transaction DetailsAcquired on 09/27/2019 Net Purchase price: $89.5M
Venue Museum DistrictHouston, Texas
Property at a Glance
Location5353 Fannin Street Houston, TX
Museum District Submarket of Houston
Property Type Multifamily
Building Details2 Buildings 224 Units
Transaction DetailsAcquired on 09/21/2018 Net Purchase Price: $72.9M
Queen’s Court Student ResidencesReading, United Kingdom
Property at a Glance
Location15 Queens Walk Reading RG1 7QF, UK
Queens Walk, Reading, UK
Property Type Class A Student Housing
Building Details1 Building 395 Beds
Transaction DetailsAcquired on 10/11/2017 Net Purchase Price: $65.3M
Montrose Student ResidencesDublin, Ireland
Property at a Glance
Location4 Stillorgan Road Trimblestown, Dublin 4, Ireland
Dublin, Ireland/Dublin 4
Property Type Class A Student Housing
Building Details1 Building Five Stories 210 Beds
Transaction DetailsAcquired on 03/24/2017 Net Purchase Price: $40.6M
The Promenade Shops at BriargateColorado Springs, Colorado
Property at a Glance
LocationColorado Springs, CO
Property Type Retail Shopping Center
Building Details8 Buildings 236,539 SF
Transaction DetailsAcquired on 09/13/2019 Net Purchase price: $93.2M
Major TenantsPottery Barn Williams Sonoma Lululemon Banana Republic
Apple Ulta Biaggi’s Anthropologie
Rookwood Commons | Rookwood PavilionCincinnati, Ohio
Property at a Glance
Location3805 Edwards Road Cincinnati, OH The Midtown Submarket of Cincinnati
Property Type Retail Shopping Center
Building Details13 Buildings 600,973 SF
Transaction DetailsAcquired on 01/06/2017 Net Purchase Price: $193.7M
Major Tenants1
Bed Bath & Beyond HomeGoods Nordstrom Rack Recreational Equipment, Inc.
Stein Mart T.J.Maxx Whole Foods Market
1 Major tenants note: Includes names of recognizable retailers, but not on the basis of leased square feet. None of the retailers listed occupy more than 10% of the net rentable area of Rookwood.
Cottonwood Corporate CenterSalt Lake City, Utah
Property at a Glance
Location2855 East Cottonwood Parkway Salt Lake City, UT
Cottonwood Heights Submarket of Salt Lake City
Property Type Class A Office
Building Details4 Buildings 487,549 SF
Transaction DetailsAcquired on 07/05/2016 Net Purchase Price: $139.2M
Major TenantsWestern Digital (SanDisk)Extra Space Storage
HGIT-PROP 03/21
NOT FDIC INSURED
MAY LOSE VALUE
NO BANK GUARANTEE
Hines Securities, Inc. | Dealer Manager | Member FINRA/SIPC
2800 Post Oak Blvd. | Suite 4700 | Houston, TX 77056
888.446.3773 | hinesglobalincometrust.com
For more information about Hines Global Income Trust, read the prospectus and talk to your financial professional or visit us at www.hinesglobalincometrust.com
Important Risk Considerations Investing in shares of our common stock involves a high degree of risk. You should purchase shares only if you can afford a complete loss of your investment. Please see the “Risk Factors” section of the prospectus before purchasing our common shares. Hines Global Income Trust elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2015. Significant risks relating to your investment in our common shares include:
� We have a limited prior operating history and the prior performance of other Hines affiliated entities may not be a good measure of our future results; therefore, there is no assurance we will be able to achieve our investment objectives.
� Our charter does not require us to pursue a transaction to provide liquidity to our stockholders and there is no public market for our common shares; therefore, you must be prepared to hold your shares for an indefinite length of time and, if you are able to sell your shares, you will likely sell them at a substantial discount.
� This is a blind pool offering and you will not have the opportunity to evaluate the additional investments we will make prior to purchasing shares of our common stock.
� This is a best efforts offering and as such, there is a risk that we will not be able to accomplish our business objectives and that the poor performance of a single investment will materially adversely affect our overall investment performance, if we are unable to raise substantial funds.
� Distributions have exceeded earnings. Some or all of our distributions have been paid, and may continue to be paid, and during the offering phase, are likely to be paid at least partially from sources such as proceeds from our debt financings, proceeds from this offering, cash advances by our advisor, cash resulting from a waiver or deferral of fees and/or proceeds from the sale of assets. We have not placed a cap on the amount of our distributions that may be paid from any of these sources. If we continue to pay distributions from sources other than our cash flow from operations, we will have less funds available for the acquisition of properties, and your overall return may be reduced.
� The purchase and redemption price for shares of our common stock generally will be based on our most recently determined NAV (subject to material changes) and will not be based on any public trading market. While there will be independent appraisals of our properties performed annually, at any given time our NAV may not accurately reflect the actual then-current market value of our assets.
� There is no public market for our shares and an investment in our shares will have very limited liquidity. There are significant restrictions and limitations on your ability to have any of your shares of our common stock redeemed under our share redemption program and, if you are able to have your shares redeemed, it may be at a price that is less than the price you paid and the then-current market value of the shares. Our board of directors may amend, suspend or terminate our share redemption program in its sole discretion and without stockholder approval.
� Due to the risks involved in the ownership of real estate investments, there is no assurance of any return on your investment in, and you may lose some or all of your investment.
� International investment risks, including the burden of complying with a wide variety of foreign laws and the uncertainty of such laws, the tax treatment of transaction structures, political and economic instability, foreign currency fluctuations, and inflation and governmental measures to curb inflation may adversely affect our operations and our ability to make distributions. Because the performance participation allocation payable to our advisor is calculated based in part on changes in our NAV, our advisor may be entitled to a greater or lesser allocation even if the changes in NAV are due solely to foreign currency fluctuations.
� If we internalize our management functions, we could incur adverse effects on our business and financial condition, including significant costs associated with becoming and being self-managed and the percentage of our outstanding common stock owned by our stockholders could be reduced.
� We rely on affiliates of Hines for our day-to-day operations and the selection of real estate investments. We pay substantial fees and other payments to these affiliates for these services. These affiliates are subject to conflicts of interest as a result of this and other relationships they have with us and other investment vehicles sponsored by Hines. We also compete with affiliates of Hines for tenants and investment opportunities, and some of those affiliates may have priority with respect to certain investment opportunities.
This investment is not suitable for all investors. Please refer to the prospectus for the particular suitability standards required in your state. You should read the prospectus carefully for a description of the risks associated with an investment in real estate and in Hines Global Income Trust.This material contains forward-looking statements (such as those concerning investment objectives, strategies, economic updates, other plans and objectives for future operations or economic performance, or related assumptions or forecasts) that are based on our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties, including without limitation, the risks set forth in the “Risk Factors” section of the prospectus and sales material. Any of the assumptions underlying the forward-looking statements could prove to be inaccurate and results of operations could differ materially from those expressed or implied. You are cautioned not to place undue reliance on any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements.