Hines Acquires Houston Industrial Asset as Part of Portfolio Expansion

Hines Acquires Houston Industrial Asset as Part of Portfolio Expansion

Hines U.S. Property Partners (HUSPP), a commingled fund focused on core-plus investments in the United States, has recently acquired an industrial property in Houston as part of a larger portfolio acquisition. The property, known as Boulevard Oaks, was purchased for $454 million along with two other assets.

With this acquisition, HUSPP’s Gross Asset Value has reached $2 billion and over 80% of its assets are now allocated to the industrial, residential and alternative sectors.

Boulevard Oaks is a Class-A infill industrial portfolio spanning 1.5 million square feet across ten buildings with ample parking for both cars and trailers. Its convenient location near Beltway 8 and Hwy 59 makes it easily accessible for tenants. This marks HUSPP’s twelfth investment in the industrial sector and second investment in Houston overall – providing an opportunity to expand into a highly desirable submarket.

Moving forward, HUSPP plans to continue investing in various sectors such as residential living spaces, mixed-use developments,and select alternatives like data centers or self-storage facilities – creating a diverse portfolio that balances yield potential with growth opportunities.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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