Top1031
200 Park Place
Office property in Houston, TX · sponsored by Hines
Historical · soldSold Apr 2026, as reported by Hines · last Form D Mar 26, 2024Sponsor source (opens in a new tab)
200 Park Place was a DST sponsored by Hines that owned an office property in Houston, TX (206,943 square feet). Hines sold the property in Apr 2026, as reported by the sponsor.
How it ended
Moved into a REIT, per the REIT's SEC filing
Sold Apr 2026.
- Date
- Apr 1, 2026
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $157,729,150Equity offered, per the Form D
- Sold
- 100%Form D, Mar 26, 2024; the % is our arithmetic
- Investors reported
- Form D, Mar 26, 2024225
- Selling commissions
- Form D Item 15; the % is our arithmetic$7,894,879 · 5.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: 200 Park Place. Top1031 is not a broker-dealer.200 Park Place · Houston, TX · Photo: s3.amazonaws.com
What did 200 Park Place own?
200 Park Place is a Class AA office tower at 400 Westheimer Road in Houston's River Oaks district. 1 Hines Global Income Trust acquired the building for $145 million in 2022 and placed it in this Delaware statutory trust, a structure that lets exchange investors hold fractional title to the real estate. 2 Hines Global Income Trust's filing for the quarter ended June 30, 2026 listed the property as 100% leased. 3
- Reported location
- Houston, TX
- Property size
- 206,943 square feet; 15 floors
How was it financed, and what did it cost to sell?
The Trust owns 200 Park Place with no mortgage on it. Nothing has to be refinanced during the hold and no lender can foreclose, and an investor exchanging into it takes on no replacement debt from this Trust.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $7,894,879 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,973,720 · 1.2% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and expenses including Organization and Offering Expenses which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 19 named in the Form D
Show the firms
- American Portfolios Financial Services, Inc. · CRD 18487
- Arkadios Capital · CRD 282710
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cambridge Investment Research, Inc. · CRD 39543
- Concorde Investment Services, LLC · CRD 151604
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Harbour Investments, Inc · CRD 19258
- Hines Private Wealth Solutions LLC · CRD 128145
- LPL Financial LLC · CRD 6413
- Morgan Stanley · CRD 149777
- Osaic Wealth, Inc. · CRD 23131
- Private Client Services, LLC · CRD 120222
- Realized Financial, Inc. · CRD 22333
- Securities America, Inc. · CRD 10205
- The Strategic Financial Alliance, Inc. · CRD 126514
- Triad Advisors LLC · CRD 25803
- United Planners' Financial Services of America a Limited Partner · CRD 20804
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 26, 2022
- Minimum investment
- $250,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind 200 Park Place?
Hines sponsored this Trust through Hines Real Estate Exchange, LLC, and the Trust was a subsidiary of Hines Global Income Trust. 1 On April 1, 2026, that parent's operating partnership exercised its fair-market-value purchase option and acquired the beneficial interests in the 200 Park Place DST, together with the EMME DST, issuing operating-partnership units in exchange. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust reported October 26, 2022 as its first sale of interests on Form D, the short notice an issuer files with the SEC for a private placement. 4 Two amendments followed, the last showing the raise complete. Interests were sold privately to accredited investors, with no public advertising.
- Legal Trust name
- HGIT 200 Park Place, DST
- SEC CIK
- 1947079
- First Form D
- Sep 19, 2022
- Latest Form D
- Mar 26, 2024
- Filings on record
- 3
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $157,729,150was $157,897,574 | $157,729,150+$142,337,874 | 225+184 | EDGAR | |
| Form D/A | $157,897,574 | $15,391,276+$15,391,276 | 41 | EDGAR | |
| Form D | $157,897,574 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to 200 Park Place?
- 200 Park Place is a Historical offering. Sold Apr 2026, as reported by Hines.
- What does this Trust own?
- It owned 200 Park Place, a Class AA office tower at 400 Westheimer Road in Houston's River Oaks district. Hines Global Income Trust reported acquiring the building for $145 million in 2022. The building has 15 floors and 206,943 square feet.
- Who are the tenants?
- Hines identified JLL and Buckeye Partners as the anchor tenants when it announced completion of the offering in December 2023, and reported the building as 100% leased at that time. Hines Global Income Trust's Form 10-Q for the quarter ended June 30, 2026 again listed 200 Park Place at 206,943 leasable square feet and 100% leased.
- Does the Trust have a mortgage?
- No. The property was held on an all-cash basis, with no loan recorded against it. That means there is no debt to refinance and no lender that could foreclose, and an investor exchanging in takes on no replacement debt through this Trust.
- What happened on April 1, 2026?
- Hines Global Income Trust's operating partnership exercised its fair-market-value purchase option and acquired the beneficial interests in the 200 Park Place and EMME DSTs. Its Form 10-Q for the quarter ended June 30, 2026 reports 21.1 million operating-partnership units issued and a $207.1 million net investment covering both properties together, not 200 Park Place alone, and describes an acquisition of DST interests rather than a sale of the building to an outside buyer.
- Who is the sponsor?
- Hines. The Form D filings name Hines Real Estate Exchange, LLC as the sponsor, and Hines described HGIT 200 Park Place DST as a subsidiary of Hines Global Income Trust, Inc. Hines has 10 offerings on record, 1 of them currently raising.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.