trending Market Intelligence /marketintelligence/en/news-insights/trending/ruujEMvhJY-PbgFlS8wuhQ2 content esgSubNav
In This List

Hines Global Income Trust launches offering of up to $2.5B of common shares

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Hines Global Income Trust launches offering of up to $2.5B of common shares

Hines Global REIT II Inc., now known as Hines Global Income Trust, launched a public offering of up to $2.50 billion of its common shares.

Under a dealer manager agreement that went into effect Dec. 6, the company is offering up to $2.00 billion of any combination of class T, S, D and I shares under its primary offering, and up to $500.0 million of shares under its distribution reinvestment plan.

This marks the company's second public offering, which follows the termination of its best-efforts offering of $2.00 billion of common shares and an additional $500.0 million of shares under its distribution reinvestment plan. It filed for this follow-on offering in August.

Hines Global Income will elect to be treated as a real estate investment trust and will direct the investment of the proceeds in such a manner, and will work to operate the business of the company so as to comply with such requirements, according to a filing.

Hines Securities Inc. is the dealer manager for the offering.