Hines Global Income Trust, Inc. (HGIT) has acquired two assets in the Midwest – Left Bank, a 451-unit, class A multifamily tower located in Chicago’s West Loop, and Clay Terrace, a 493,000-square-foot premier retail center with grocery tenancy located just north of Indianapolis.
“We continue to have strong conviction in the living and retail sectors, where durable demand, limited new supply, and long-term growth potential remain consistent themes,” said Alfonso Munk, co-head of investment management at Hines. “Both assets are well-located within high-performing Midwest markets, aligning with our strategy to acquire high-quality properties with strong fundamentals.”
These additions have increased the portfolio’s gross asset value to more than $6 billion. Diversified by geography and sector, HGIT is focused on stable assets with strong long-term income and growth potential. Over three-fourths of its gross asset value is invested in the living, retail and in
