Top1031
HREX 10, DST
sponsored by Hines
Active offeringLatest Form D filed Oct 20, 2026 (opens in a new tab)
HREX 10, DST, sponsored by Hines, filed its first Form D with the SEC on Oct 20, 2026 for a $725.1 million offering. Its latest Form D, filed Oct 20, 2026, lists a $725.1 million offering with a $250,000 minimum.
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $725,171,159Equity offered, per the Form D
- Sold so far
- Form D, Oct 20, 2026$0
- Investors reported
- Form D, Oct 20, 20260
- Selling commissions
- Form D Item 15; the % is our arithmetic$36,258,558 · 5.0% of offering
- 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 →
Sales so far
- Latest Form D
- Oct 20, 2026 · 1 filing
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $0
- Not yet sold
- $725,171,159
- Investors
- 0
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Ask a 1031 specialist about this recordFree. About: HREX 10, DST. Top1031 is not a broker-dealer.No photo on record. Location not stated in the SEC filings.
What does HREX 10, DST own?
HREX 10, DST is a Delaware statutory trust sponsored by Hines Real Estate Exchange, LLC. 1 A DST holds real estate and sells fractional interests that can be used to complete a 1031 exchange. The trust's first Form D, the short notice an issuer files with the SEC for a private offering, was filed on October 20, 2026. 1
How is it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $36,258,558 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $16,316,351 · 2.2% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and expenses including Dealer Manager Fees and Organization and Offering Expenses which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Hines Private Wealth Solutions LLC · CRD 128145
Individual representatives named in Item 12 are not listed.
- 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 HREX 10, DST?
Hines Real Estate Exchange, LLC is named as the sponsor of HREX 10, DST in the trust's Form D filed on October 20, 2026. 1
- Sponsor
- Sponsor entity in the Form D
- Hines Real Estate Exchange, LLC
- Depositor
- HREX 10 Depositor, LLC
- Offerings on record
What does the SEC record show?
The October 20, 2026 Form D was a new filing rather than an amendment to an earlier one. 1 The same filing describes the securities as equity and sets a $250,000 minimum investment, and the private-placement rule used bars general advertising, so investors are reached through existing relationships. 1
- Legal Trust name
- HREX 10, DST
- SEC CIK
- 2160686
- First Form D
- Oct 20, 2026
- Latest Form D
- Oct 20, 2026
- Filings on record
- 1
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $725,171,159 | $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
- Is HREX 10, DST an active offering?
- HREX 10, DST is an Active offering: its latest Form D was filed Oct 20, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Who sponsors HREX 10, DST?
- Hines Real Estate Exchange, LLC is the sponsor named in the trust's Form D, which was filed with the SEC on October 20, 2026. The trust's legal name in that filing is HREX 10, DST.
- What is the minimum investment?
- The Form D states a minimum investment of $250,000. That figure is the smallest amount an investor may place in the trust under the filing.
- What kind of security does the trust offer?
- The Form D describes the securities offered as equity. In a Delaware statutory trust, that means beneficial interests in the trust, which holds title to the real estate.
- How may the offering be sold under SEC rules?
- The offering is made under Rule 506(b), a private-placement rule. It allows sales to accredited investors, meaning people who meet SEC income or net worth tests, without general advertising or public solicitation.
- How many SEC filings does the trust have on record?
- One. The Form D dated October 20, 2026 is the trust's first filing under CIK 0002160686.
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.