Minimum investment
$250k
Offering size
$79.9M
How much has sold
100.0%
Asset type
Multifamily property
Location
Chicago, IL
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
EMME combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (1)Hide sources (1)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
- Reported location
- Chicago, IL
- Property size
- 199 units, 134,908 sf
How did it end?
Sold
Listed as a completed/full-cycle program on Hines's published track record.
EMME is a 14-story, 199-unit Class A multifamily tower in Chicago's West Loop/Fulton Market. Original development by Sterling Bay; acquired by Hines in June 2023 for ~$73M. The HREX Multifamily I, DST $77M private placement was reported fully subscribed by Hines Global Income Trust in March 2024.
199 units, 134,908 sfSupporting evidence
Who's behind it?
- Sponsor
- Hines
- Legal Trust name
- HREX Multifamily I, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 10 total offerings from Hines
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to EMME?
Top1031 lists EMME as historical. It is no longer raising money.
Where does Top1031 get the data for EMME?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Chapter 7Hines Private Wealth Solutions Successfully Closes Two Multifamily Private OfferingsPress release announcing the closing of HREX Multifamily II, DST (The Emerson, $138.7M) and noting HREX Multifamily I, DST (EMME) as fully subscribed. Hines Fully Subscribes $77M DST Offering for Chicago ApartmentsConnectCRE coverage of the full subscription of HREX Multifamily I DST, a $77 million DST offering for EMME, the 96%-leased 14-story, 199-unit Class A multifamily in Chicago's West Loop. Hines Global Income Trust Fully Subscribes $77 Million Multifamily DSTAnnounces that HREX Multifamily I, DST — the $77M private placement offering for the EMME property — was fully subscribed, with Hines Global Income Trust as the sole investor. Hines Securities Successfully Completes $77 Million Multifamily DSTHGIT mirror of the Hines press release confirming the $77 million HREX Multifamily I DST (EMME Chicago) has been completed, enabling qualified investors to perform a like-kind exchange under IRC Section 1031. Hines Global Income Trust Acquires Multifamily Asset in Chicago's West Loop SubmarketPress release announcing HGIT's acquisition of EMME, a 14-story, 199-unit Class A multifamily development at 165 N Des Plaines Street in Chicago's West Loop, which later became the underlying property of HREX Multifamily I DST. Hines Pays $73 Million for Chicago Apartment TowerTrade-press coverage of Hines's ~$73 million acquisition of EMME, a 199-unit apartment tower at 165 N. Des Plaines St. in Chicago.