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.
Documented outcome
Still operating, no exit yet
HREX Multifamily I, DST completed its $77 million equity raise in March 2024 and as of March 31, 2026 the EMME property remains owned by Hines Global Income Trust (per HGIT's property listing and Q1 2026 quarterly report), with no public sale, disposition, or 721/UPREIT conversion announcement and no related SEC 8-K filing — the trust has not gone full cycle [1][2][3].
Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
In the news
Growth of Residential Platform Highlights Strength of MultifamilyHines sponsor-level article discussing the growth of its residential multifamily management platform in 2023; mentions EMME (199-unit Class A, 96% leased) as an asset acquired by Hines Global Income Trust (HGIT), the parent of HREX Multifamily I DST.
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.
EMME is part of the researched historical archive. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for EMME?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.