NEWS

Hines Announces Expansion of Hines Global Income Trust Board of Directors to Bolster Leadership

October 7, 2024

New director Diane S. Paddison and returning director Laura Hines-Pierce add depth of expertise in strategy and operations and bring diversified perspectives to Hines Global Income Trust

(HOUS­TON) – Hines, the glob­al real estate invest­ment man­ag­er, today announced that the stock­hold­ers of Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or HGIT”) vot­ed in favor of the elec­tion of all sev­en nom­i­nees for HGIT’s board of direc­tors, includ­ing new direc­tor Diane S. Pad­di­son and return­ing direc­tor Lau­ra Hines-Pierce, effec­tive as of the con­clu­sion of HGIT’s annu­al meet­ing of stock­hold­ers on Octo­ber 1, 2024. The two direc­tors bring invalu­able view­points shaped by their expe­ri­ence as lead­ers in com­mer­cial real estate. As dis­tin­guished women in the indus­try, their pres­ence will also bring addi­tion­al diver­si­ty of thought to board dis­cus­sions and decision-making.

We are excit­ed to tap into the exper­tise that Diane and Lau­ra bring to the table as we con­tin­ue our efforts to build and main­tain a robust glob­al port­fo­lio that res­onates with stock­hold­ers,” said Alfon­so Munk, Amer­i­c­as CIO for HGIT. We believe their guid­ance will fur­ther enhance Hines Glob­al Income Trust and its strong posi­tion in the mar­ket, also hav­ing sat­is­fied all redemp­tion requests since inception.”

Diane S. Pad­di­son joins the board with a wealth of exec­u­tive expe­ri­ence in glob­al com­mer­cial real estate. She pre­vi­ous­ly served as the Chief Strat­e­gy Offi­cer of Cas­sidy Tur­ley and Chief Oper­at­ing Offi­cer of Pro­L­o­gis. Pad­di­son start­ed her career at CB Richard Ellis and Tram­mell Crow and spent over 20 years at the com­pa­ny in var­i­ous roles, includ­ing Chief Oper­at­ing Offi­cer of Glob­al Services.

Lau­ra Hines-Pierce serves as the Co-Chief Exec­u­tive Offi­cer at Hines, where she works along­side Jeff Hines to help shape firm-wide strat­e­gy and man­age key risks. In this role, Hines-Pierce helps to lead the glob­al real estate firm into its next era and estab­lish its lega­cy as an inno­v­a­tive com­pa­ny dri­ving change across the real estate and invest­ment man­age­ment indus­tries. Hines-Pierce joined Hines in 2012. She orig­i­nal­ly joined the HGIT board in 2021 and stepped down tem­porar­i­ly on Decem­ber 31, 2023 fol­low­ing the retire­ment of a for­mer inde­pen­dent direc­tor in order to main­tain a major­i­ty inde­pen­dent board.

Hines Glob­al Income Trust has a $4.26B port­fo­lio of diver­si­fied glob­al assets as of August 31, 2024, with a focus on sta­ble assets with strong long-term income poten­tial. Pad­di­son joins John Nie­mann, Dou­gal Cameron and Dr. Ruth J. Sim­mons as the inde­pen­dent direc­tors of its board of direc­tors, while Hines-Pierce joins Jeff Hines and David Stein­bach as its inter­nal members.

About Hines Glob­al Income Trust

HGIT is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about HGIT, vis­it www​.hines​glob​al​in​cometrust​.com.

About Hines

Hines is a lead­ing glob­al real estate invest­ment man­ag­er. We own and oper­ate $93.0B¹ of assets across prop­er­ty types and on behalf of a diverse group of insti­tu­tion­al and pri­vate wealth clients. Every day, our 5,000 employ­ees in 31 coun­tries draw on our 67-year his­to­ry to build the world for­ward by invest­ing in, devel­op­ing, and man­ag­ing some of the world’s best real estate. To learn more, vis­it www​.hines​.com and fol­low @Hines on social media.

¹In­cludes both the glob­al Hines orga­ni­za­tion and RIA AUM as of June 302024.

Any ESG or impact com­mit­ments made by Hines are not being pro­mot­ed and do not bind any invest­ment deci­sions made in respect of, or the stew­ard­ship of, HGIT. Any mea­sures imple­ment­ed in respect of such ESG or impact com­mit­ments may not be imme­di­ate­ly applic­a­ble to HGIT’s invest­ments and any imple­men­ta­tion can be over­rid­den or ignored at HGIT’s sole discretion.

For­ward Look­ing Statements

State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions are for­ward-look­ing state­ments with­in the mean­ing of Sec­tion 27A of the Secu­ri­ties Act of 1933, as amend­ed, and Sec­tion 21E of the Secu­ri­ties Exchange Act of 1934, as amend­ed. Such state­ments are based on cur­rent expec­ta­tions and assump­tions with respect to, among oth­er things, the enhance­ment of Hines Glob­al Income Trust’s board of direc­tors. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks described in the Risk Fac­tors” sec­tion of Hines Glob­al Income Trust’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2023, as updat­ed by its oth­er fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.