Hines Global Income Trust Acquires Design Center Of The Carolinas In Charlotte's South End

Acquisition adds stabilized mixed-use asset in one of the country’s most dynamic growth districts

(CHAR­LOTTE) — Hines, a lead­ing glob­al real estate invest­ment man­ag­er, today announced that Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or ​“HGIT”) has acquired the Design Cen­ter of the Car­oli­nas, a pre­mier mixed-use prop­er­ty in Char­lot­te’s South End.

The acqui­si­tion aligns with HGIT’s strat­e­gy of build­ing a diver­si­fied port­fo­lio of sta­bi­lized assets with the poten­tial to pro­vide durable income. Locat­ed in one of Char­lot­te’s most walk­a­ble and tran­sit-con­nect­ed dis­tricts, the Design Cen­ter of the Car­oli­nas brings togeth­er cre­ative office, curat­ed retail, food and bev­er­age, well­ness, lifestyle and design-ori­ent­ed uses in an estab­lished mixed-use environment.

The acqui­si­tion also expands Hines’ pres­ence in Char­lotte, a mar­ket where the firm sees con­tin­ued oppor­tu­ni­ty across mixed-use envi­ron­ments sup­port­ed by strong demo­graph­ics, employ­ment growth and demand for con­nect­ed, ameni­tized places.

“We believe that the Design Cen­ter of the Car­oli­nas is a strong fit for HGIT because it com­bines the poten­tial for durable income, authen­tic place­mak­ing and long-term val­ue cre­ation in one of the Sunbelt’s most dynam­ic mixed-use dis­tricts,” said Alfon­so Munk, Glob­al Co-Head of Invest­ment Man­age­ment at Hines. ​“Sup­port­ed by South End’s favor­able sup­ply-demand dynam­ics, the acqui­si­tion reflects our dis­ci­plined approach to invest­ing in high-con­vic­tion growth mar­kets and in assets sup­port­ed by strong long-term fundamentals.”

The Design Cen­ter of the Car­oli­nas spans 239,000 square feet across nine build­ings on approx­i­mate­ly sev­en acres, with 122,000 square feet of retail and 117,000 square feet of cre­ative office space. The prop­er­ty is sub­stan­tial­ly leased to attrac­tive office ten­ants, and retail­ers, includ­ing Jeni’s Ice Cream, Aber­crom­bie & Fitch, and Patag­o­nia. Locat­ed in the heart of South End, the asset offers direct access to the Rail Trail and light rail, com­bin­ing adap­tive reuse cre­ative office with a curat­ed mix of retail and ameni­ties in a high­ly con­nect­ed setting. 

“The Design Cen­ter of the Car­oli­nas sits at the cen­ter of South End’s con­tin­ued evo­lu­tion and reflects the kind of authen­tic, tran­sit-con­nect­ed envi­ron­ment that has attract­ed com­pa­nies, retail­ers and the com­mu­ni­ty,” said Paul Zar­i­an, Man­ag­ing Direc­tor at Hines. ​“With a strong mix of cre­ative ten­ants and estab­lished neigh­bor­hood ener­gy, we believe that the prop­er­ty is well posi­tioned to ben­e­fit from Charlotte’s con­tin­ued growth.”

HGIT’s port­fo­lio, includ­ing prop­er­ties that are part of HGIT’s Delaware statu­to­ry trust pro­gram, has a gross asset val­ue of approx­i­mate­ly $6.45 bil­lion as of June 2026 and is diver­si­fied across geo­gra­phies and prop­er­ty types. HGIT focus­es on high-con­vic­tion sec­tors sup­port­ed by the poten­tial for durable income and favor­able long-term fun­da­men­tals, while main­tain­ing a dis­ci­plined approach to cap­i­tal deployment.

Paul Zar­i­an and Jesse Amund­son led the acqui­si­tion on behalf of Hines. Ryan Shore and Miles Theodore with East­dil Secured rep­re­sent­ed the sell­er, Asana Partners.

Mar­ket­ing Communication

About Hines Glob­al Income Trust

Hines Glob­al Income Trust 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 $91.7 bil­lion¹ of assets across prop­er­ty types and on behalf of a diverse group of insti­tu­tion­al and pri­vate wealth clients. Every day, our 4,600 employ­ees in 30 coun­tries draw on our 69-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 Decem­ber 31, 2025.

For­ward Look­ing Statements

State­ments in this press release, includ­ing inten­tions, beliefs, expec­ta­tions or pro­jec­tions relat­ing to the acqui­si­tion described here­in and HGIT’s abil­i­ty to con­tin­ue to selec­tive­ly acquire prop­er­ties and build its invest­ment port­fo­lio in a man­ner that meets its invest­ment objec­tives and is aligned with its invest­ment strat­e­gy, 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 poten­tial near-term and long-term per­for­mance of the prop­er­ty, future eco­nom­ic, com­pet­i­tive and mar­ket con­di­tions, the avail­abil­i­ty to HGIT of addi­tion­al selec­tive buy­ing oppor­tu­ni­ties, and future busi­ness deci­sions that may prove to be incor­rect or inac­cu­rate. Impor­tant fac­tors that could cause actu­al results to dif­fer mate­ri­al­ly from those in the for­ward-look­ing state­ments include the risks asso­ci­at­ed with Hines being able to suc­cess­ful­ly man­age the prop­er­ty, risks asso­ci­at­ed with any eco­nom­ic down­turn glob­al­ly or in the region where the prop­er­ty is locat­ed, and oth­er risks described in the ​“Risk Fac­tors” sec­tion of HGIT’s Annu­al Report on Form 10‑K for the year end­ed Decem­ber 31, 2025, as updat­ed by its sub­se­quent fil­ings with the Secu­ri­ties and Exchange Com­mis­sion. You are cau­tioned not to place undue reliance on any for­ward-look­ing statements.