Hines Seeks to Invest in Museum District Multifamily Community
Hines Global Income Trust has indicated the impending purchase of Venue Museum District, a 224-unit luxury community and adjacent parcel in the heart of Houston’s Museum District.
The real estate investment trust sponsored by Hines said it will buy the asset from Grayco Lui Museum Investment 2006 LP and Grayco Lui Museum District Investment II LP for $72.9 million, according to a document filed with the Securities and Exchange Commission. The…