Hines Global Income Trust’s Recent Mixed-Use Acquisitions Total $565.6 Million

Hines Global Income Trust Inc., or HGIT, a publicly registered non-traded real estate investment trust sponsored by Hines, recently acquired two mixed-use assets – one in Los Angeles and the other in Houston.

Purchased for $428.1 million, Runway is a 94% leased, 630,000 square-foot asset with grocery-anchored retail space and 420 residences in LA’s Playa Vista neighborhood. Previously reported on by AltsWire and acquired for $137.5 million, Montrose Collective is a 100% leased, 189,000 square-foot, Class AA retail asset and workspace in Houston’s cultural district.

“These acquisitions reflect our conviction in the long-term strength of the living and retail sectors, and our commitment to deploying capital into high-performing, mixed-use environments that align with our growth strategy,” said Alfonso Munk, co-head of investment management at Hines. “Runway and Montrose Collective represent cornerstone investments for HGIT, each distinguished by exceptional occupancy and strategic locations in two dynamic submarkets.”

These additions reflect the latest in a string of recent acquisitions, which have increased the portfolio’s gross asset value to $5.6 billion. Diversified by geography and sector, HGIT is focused on stable assets with strong long-term income and growth potential. As of Aug. 31, 2025, approximately three-fourths of its value was invested in the living, retail and industrial sectors.

Situated on the former site of the Hughes Airport runway, the Runway acquisition comprises 14 acres and 246,000 square feet of marquee retail, dining, and medical office space, anchored by a Whole Foods. The greater Playa Vista master plan consists of 6,000 residential units, 3 million square feet of commercial space, and 300,000 square feet of retail. It is located just two miles from the Pacific Ocean and a few blocks from Google’s LA headquarters.

Montrose Collective tenants include Fortune 500 company Live Nation, Pattern Energy, and a collection of upscale boutique retailers, independent merchants, and popular restaurants. Houston has experienced a 35% population growth over the past decade.

As of Sept. 16, 2025, Hines had received aggregate gross proceeds of approximately $3.9 billion from the sale of shares of its common stock through its public offerings, including shares issued pursuant to its distribution reinvestment plan.

Hines is a leading global real estate investment manager. It owns and operates $91.8 billion of assets across property types and on behalf of a diverse group of institutional and private wealth clients.

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