Hines Global Income Trust

Investing Worldwide for Income and Growth®

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Note: Hines Global REIT II suspended its initial public offering as of September 30, 2017. As a result, shares of Hines Global REIT II are no longer available to new investors. The Company expects to commence a follow-on offering in the future and has filed a Registration Statement for such an offering, which is currently pending SEC effectiveness. Click here to learn more about recent events regarding the Company.

Hines Securities launched the fund in 2014, which has the ability to invest in domestic and international real estate that can include office, industrial, multifamily, retail and hospitality/leisure properties, as well as other real estate investments.

Portfolio Summary

Aggregate Value: $736.9 million1
Investments: 8 properties, 2,679,592 square feet
Portfolio Occupancy: 97%

 

Hines Global Income Trust, Inc. formerly known as Hines Global REIT II.

1The aggregate value of the properties was determined using the appraised values as of August 31, 2017 for assets acquired prior to August 31, 2017 and the net purchase price for the asset acquired subsequent to August 2017.

2Hines Global Income Trust has not generated sufficient cash flows from operations to fully fund distributions paid and distributions have exceeded earnings. Therefore, some or all of Hines Global Income Trust's distributions have been paid and may continue to be paid from other sources, such as proceeds from debt financings, proceeds from the public offering, cash advances by Hines Global REIT II Advisors LP (the "Advisor"), cash resulting from a waiver or deferral of fees and/or proceeds from the sale of assets. For the nine months ended September 30, 2017 and the years ended December 31, 2016, 2015 and 2014, respectively, Hines Global Income Trust funded 45%, 60%, 23% and 100% of total distributions with cash flows from financing activities, which includes offering proceeds. In order to more closely align the amount of distributions paid with operations, commencing with the quarter ended December 31, 2014, the Advisor agreed to waive the asset management fees for each quarter through December 31, 2016, to the extent that Hines Global Income Trust’s modified funds from operations ("MFFO") for a particular quarter, as disclosed in its Quarterly or Annual Report, as applicable, amounts to less than the aggregate distributions declared to its stockholders for such quarter. For the quarter ended March 31, 2017, the Advisor agreed to waive asset management fees to the extent that Hines Global Income Trust's MFFO for such quarter as reduced to reflect the payment of the distribution and stockholder servicing fee, as disclosed in its quarterly Report on Form 10-Q, amounts to less than 100% of the aggregate distributions declared to its stockholders for that quarter. As a result of these waivers, the Advisor waived $1.9 million in asset management fees payable to it since inception through March 31, 2017. There can be no assurances that the Advisor will continue these waivers in future periods. Hines Global Income Trust has not placed a cap on the amount of distributions that may be paid from any of these sources. The use of sources other than cash flows from operations to fund distributions could lower returns and the payment of distributions from offering proceeds constitutes a return of principal. If the Advisor had not waived fees, distributions would have been paid from an investor’s paid-in capital, which lowers returns. The availability and timing of distributions Hines Global Income Trust may pay is uncertain and cannot be assured. The Hines Global Income Trust board of directors may also amend or terminate the distribution reinvestment plan for any reason upon 10 days' prior notice.

35.67% annualized distribution rate is based on the last primary offering price of $10.64 per share and assumes the daily distribution rate ($0.001653699 per share, per day) declared beginning April 2017 is maintained for one year. The actual annualized distribution rate for a particular shareholder will vary based on the per share offering price paid.

45.00% annualized distribution rate is based on the last primary offering price of $10.06 per share and assumes the daily distribution rate declared beginning April 2017 is maintained for one year. Distributions for Class T Shares will be calculated based on stockholders of record each day in an amount equal to $0.001653699 per share, per day less the distribution and stockholder servicing fees payable with respect to Class T Shares (as calculated on a daily basis). The actual annualized distribution rate for a particular shareholder will vary based on the per share offering price paid and the total amount of distribution and stockholder fees payable.

55.95% annualized distribution rate is based on the last primary offering price of $9.73 per share and assumes the daily distribution rate declared beginning May 2017 is maintained for one year. Distributions for Class I Shares will be calculated based on stockholders of record each day in an amount equal to $0.001653699 per share, per day less the distribution and stockholder servicing fees payable with respect to Class I Shares (as calculated on a daily basis). The actual distribution rate for Class I Shares will vary based on the total amount of distribution and stockholder fees payable.

Class A Shares

Annualized Distribution Rate2,3
Approximately
5.67%

Per Share Net Asset Value as of 8/31/17

$9.69 

 

Class T Shares

Annualized Distribution Rate2,4
Approximately
5.00%

Per Share Net Asset Value as of 8/31/17
$9.69 

Class I Shares

Annualized Distribution Rate2,5
Approximately
5.95%

Per Share Net Asset Value as of 8/31/17
$9.69