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 Aug. 31, 2022.
The REIT’s NAV per share remained $11.24 as of Aug. 31, 2022. 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 $3.41 billion in July to $3.85 billion in August. Other assets decreased from $374.1 million to $262.0 million, while debt and other liabilities increased from ($1.31 billion) to ($1.56 billion). The number of shares outstanding increased from 220.4 million in July to 227.2 million in August.
From inception in August 2014 through August 17, 2022, Hines Global Income Trust raised approximately $2.5 billion in investor equity in its three public offerings and distribution reinvestment plan. The REIT launched its second follow-on offering at the beginning of June 2021 and has raised $1.1 billion.