Minimum investment
$250k
Offering size
$194.0M
How much has sold
100.0%
Asset type
Net lease retail
Location
Cincinnati, OH
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?
Rookwood 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
- Cincinnati, OH
- Property size
- 595,194 sf
How did it end?
No sale or other ending on record
No disposition evidence found; HGIT's property page for Rookwood remains active and RE-Transition lists the HREX 5 DST as a 'Closed Offering' (fundraise closed May 2025), per hinesglobalincometrust.com/properties/rookwood and re-transition.com/marketplace/hrex-5-dst/.
Rookwood (Rookwood Commons and Rookwood Pavilion) is a 595,194 square-foot open-air retail center in Cincinnati, OH, approximately 6 miles northeast of downtown Cincinnati. Rookwood Commons was built between 2000-2001 and features 45 retail and restaurant tenants; Rookwood Pavilion features 29 retail and restaurant tenants. The combined property is 100% leased to 74 tenants. The DST was structured for $194 million of equity (per Hines) / $201.1 million (per RE-Transition). HREX 5 DST closed on May 19, 2025.
595,194 sfSupporting evidence
Who's behind it?
- Sponsor
- Hines
- Legal Trust name
- HREX 5, 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.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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 Rookwood?
Top1031 lists Rookwood as historical. It is no longer raising money.
Where does Top1031 get the data for Rookwood?
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 Completes $194 Million DSTHines announced the successful completion of HREX 5 DST, a $194 million Delaware statutory trust that owns Rookwood, a retail property in Cincinnati, Ohio. HREX 5- DST Completion 8-KForm 8-K announcing the completion of HREX 5 DST by Hines Private Wealth Solutions, which owns Rookwood Commons and Rookwood Pavilion in Cincinnati, Ohio.