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.