Talk to a 1031 specialistData updated Dec 15, 2025
Offering size$618.4M
Asset typeMultifamily
LocationCoral Gables, FL
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitNo
First filedDec 15, 2025
Last filedDec 15, 2025
Minimum$250k
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.
Gables Station + Left Bank is the Top1031 display name for HREX 9, DST, a Hines-sponsored Delaware statutory trust holding two multifamily assets totaling 946 units. Gables Station is a 495-unit luxury mixed-use campus across three towers in Coral Gables, Miami, with retail tenants including Trader Joe's, Life Time, and Graziano's. Left Bank is a 451-unit, 37-story tower at 300 N. Canal St. in Chicago's West Loop. Both properties reported 97% leased as of March 31, 2026. The trust's Form D lists a total offering of about $618.4 million, filed December 15, 2025.
Occ 12/31/25: Gables Sta 97%, Left Bank 94%; LB bought $151M 11/25; ex-HGIT assets; largest DST ever per AltsWire
946 units (Gables Station 495; Left Bank 451)Based on issuer-filed Form D notices through Dec 15, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$618,397,358
Investor count reported in latest Form DNot disclosed
Stated minimum investment$250,000
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First filedDec 15, 2025
Latest filingDec 15, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Two-market multifamily portfolio
The trust pairs Gables Station, a 495-unit luxury mixed-use campus spanning three towers and 612,992 sq ft in the Coral Gables neighborhood of Miami, with a residential component branded Life Time Living and retail tenants including Trader Joe's, Graziano's, Erba, and Life Time 1. Its Chicago counterpart, Left Bank, is a 37-story, 451-unit LEED Gold tower totaling 345,320 sq ft at 300 N. Canal St. in the West Loop/River North submarket 2. Both assets reported 97% leased as of March 31, 2026 12.
Recent acquisition
A Hines Global Income Trust fund acquired Left Bank on November 4, 2025 for $151 million, which CoStar reported as the second-largest Chicago multifamily trade year-to-date 3.
Offering record
The issuer filed a Form D on December 15, 2025 listing a total offering of $618,397,358, with no amount reported sold as of that filing 4.
In the news
Frequently asked questions
Is Gables Station + Left Bank currently active?
Gables Station + Left Bank is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Gables Station + Left Bank?
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.