Clint Hinds
The board of directors of BGO Industrial Real Estate Income Trust, Inc., a non-traded real estate investment trust sponsored by global institutional investment management firm BentallGreenOak, appointed Clint Hinds to serve as the company’s chief executive officer and president, effective Dec. 31, 2024.
Hinds, age 54, has been a managing director on the portfolio management team at the BentallGreenOak (U.S.) limited partnership since July 2019. Hinds joined Bentall Kennedy, a predecessor firm to BentallGreenOak, in 2009 with similar responsibilities to lead several client relationships. Since that time, the company said he has helped form the investment strategy for multiple clients and closed-end funds.
As a leader on the portfolio management team, Hinds has concentrated on the implementation of investment strategies across multiple real estate sectors including industrial, data centers, healthcare, and the multifamily sectors. During this time, according to the company, he has shaped multiple joint ventures focused on the development and acquisition of properties which have grown the portfolios under his management.
Prior to joining Bentall Kennedy, Hinds served as an executive director at Morgan Stanley from 1995 to 2009. Prior to joining Morgan Stanley, he held various positions at Lend Lease on the asset management, acquisitions, portfolio, and accounting teams.
Hinds holds a bachelor’s degree in accounting from the University of Georgia and an MBA with a concentration in finance from Georgia State University.
Hinds’ appointment coincides with the resignation of Michael Glimcher from his position as CEO and president of the company. Glimcher delivered his notice of resignation to the board on Nov. 6. According to the board, his resignation is not due to any disagreement with the company on any matter relating to the company’s operations, policies, or practices. Glimcher will continue to serve as a member of the board.
Declared effective in July 2023, according to past reporting by The DI Wire, BGO Industrial REIT invests primarily in industrial warehouse and logistics properties “selected for their location, functionality, and potential cash flow characteristics, as well as their stability and their generally low maintenance and capital improvement costs.” According to the company, its investments primarily consist of institutional-quality, modern bulk distribution warehouses, light industrial buildings, last-mile distribution facilities, temperature-controlled logistics properties and logistics chain properties.
The REIT’s total net asset value was $143.6 million, as of Sept. 30, 2024. It currently has $5 billion common stock in its continuous public offering, which it sells on a monthly basis. On Feb. 3, 2023, its adviser made an investment of $200,000 in exchange for 20,000 shares of its Class E common stock. On Feb. 1, 2024, its adviser acquired 476 Class T shares, 476 Class S shares, 476 Class D shares and 476 Class I shares in exchange for $5,000 for each share class and a total of $20,000.
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