Hines Global Income Trust buys multifamily asset in Chicago’s West Loop Submarket

Hines Global Income Trust (HGIT) has acquired EMME, a multifamily asset located in Chicago’s West Loop submarket. The financial terms were not disclosed.

Located at 165 N Des Plaines St., EMME is a 14-story, 199-unit, class-A, multifamily development that is 96 percent leased. The property includes studios, one-bedroom, and two-bedroom units with luxury finishes, including Italian cabinetry and quartz countertops with porcelain panel backsplashes, engineered wood floors, high-efficiency LED lighting and domestic stone vanities. The asset features resort-style amenities including a rooftop pool with cabanas, a fitness center and yoga studio, a club room with a chef’s kitchen and an expansive outdoor terrace with grilling stations. EMME is near West Loop’s boutique fitness studios, dynamic dining scene, upscale grocers, trophy offices, and luxury hotels. EMME’s certifications include LEED Gold, ENERGY STAR, Fitwel Viral Response, and the 2019 Merit Award for Residentia