Life Time Living Coral Gables; Left Bank

Top1031 lists Life Time Living Coral Gables; Left Bank as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

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.

Two existing apartment communities totaling 946 units and roughly 957,847 square feet. One is Life Time Living at Gables Station, 225 South Dixie Highway in Coral Gables, Florida, which Hines Global Income Trust describes as 495 units across 612,992 square feet, with Life Time, Trader Joe's, Graziano's and Erba as retail tenants and Willowick Residential as property manager. The other is Left Bank, a 37-story tower at 300 North Canal Street in Chicago's West Loop, reported by the same REIT at 451 units and 345,320 square feet. The Form D filed December 15, 2025 does not name the properties — the binding property schedule sits in the Private Placement Memorandum, the offering's full disclosure document.

Hines Global Income Trust, the sponsor's non-traded REIT, presents itself as owner of both. Its closing Form 8-K records the Gables Station purchase on August 26, 2022 at a net price of approximately $429.4 million, and its 2025 annual report records Left Bank as acquired in November 2025 at a contract price of $151.0 million. Both REIT property pages still reported REIT ownership as of June 30, 2026. Because the Trust — not the REIT — is the vehicle offered to exchangers, ask in writing for the title chain and the documents transferring each property into the Trust.

The public record does not settle it. The Form D says nothing about property-level financing, and no mortgage or lender tied to this Trust was located in the filing on record, so this site records leverage as unknown. A broker-dealer offering page for HREX 9 describes the Trust as all-cash and debt-free, but that is distribution material rather than a primary record. The Private Placement Memorandum states the capital structure and any loan terms.

This site's record shows no 721/UPREIT exit for the Trust — that is the transaction in which a trust's real estate is contributed to a REIT's operating partnership in exchange for units, after which investors hold REIT units rather than real estate and can no longer complete a further 1031 exchange. A broker-dealer offering page for HREX 9, however, describes a planned mandatory Section 721 contribution to Hines Global Income Trust. Those records conflict, and the Private Placement Memorandum controls, so read its exit, purchase-option and contribution provisions before subscribing.

Reported occupancy varies by source and as-of date, so match every figure to its date. At December 31, 2025, occupancy was 97% at Gables Station and 94% at Left Bank. Hines Global Income Trust's property pages later report Gables Station 99% leased and Left Bank 97% leased as of June 30, 2026. A broker-dealer offering page reports roughly 96% aggregate occupancy at underwriting. Apartment occupancy moves month to month with turnover and lease expirations, so ask for a current rent roll and the as-of date behind any number a broker quotes.

The Form D filed December 15, 2025 reports a $250,000 minimum investment and a Rule 506(b) offering, meaning interests are sold privately, without general solicitation, and only to accredited investors — those meeting the SEC's income or net-worth tests. Sponsors and selling broker-dealers can set higher minimums than the filing states. On availability, no amendment to that Form D appears in the SEC's submissions record for this issuer as of September 5, 2026, and secondary offering pages use conflicting status language, so confirm current availability with the sponsor or a selling broker-dealer and verify the minimum in the Private Placement Memorandum and subscription documents.