Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share for its Class T, Class S, Class D, and Class I shares of common stock, as of February 28, 2022.
The REIT’s NAV per share was $10.85 as of February 28, 2022, compared to $10.82 the previous month. Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares. Altus Group U.S. Inc., a third-party firm, assisted with the valuation process.
The REIT’s real estate investments increased from $2.87 billion in January to $2.97 billion in February. Other assets remained flat at around $225 million, and debt and other liabilities increased slightly from ($1.34 billion) to ($1.35 billion). The number of shares outstanding increased from 162.0 million in January to 170.4 million in February.
From inception in August 2014 through May 13, 2021, Hines Global Income Trust raised approximately $1.9 billion in investor equity in its public offerings and distribution reinvestment plan. The REIT launched its second follow-on offering at the beginning of June 2021 and has raised $497.3 million as of February 11, 2022.