Is The Emerson an active DST offering?

The Emerson is a historical offering in the researched Top1031 archive. Active does not confirm that interests remain available.

Where does the data for The Emerson come from?

Top1031 tracks The Emerson from SEC Form D filings and cited sponsor disclosures.

The Emerson

Legal trust name HREX Multifamily II, DST

Fully subscribedMultifamily

Offering size$133.8M

Asset typeMultifamily

LocationMulti-state

FinancingNot disclosed

Regulation D exemptionRule 506(b)

Sponsor-reported potential 721/UPREIT exitNo

First filedNov 1, 2023

Last filedApr 1, 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.

Documented outcome

Still operating, no exit yet

HREX Multifamily II, DST (marketed as 'a hardwired UpREIT, designed with a predetermined path to REIT conversion') completed its ~$138.7 million equity raise in April 2025 and as of March 31, 2026 The Emerson 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 [4][5][6].

Supporting evidence

Source 1 ↗Source 2 ↗Source 3 ↗

SEC filing recordMatched to public SEC filings

First filedNov 1, 2023

Latest filingApr 1, 2025

Filings tracked4

View filing on SEC EDGAR

Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.

In the news

Apr 19, 2025HREX Multifamily II DST: Lawsuit InvestigationThe White Law Group announces it is investigating potential securities fraud claims related to HREX Multifamily II DST sponsored by Hines Real Estate Exchange, LLC, noting total offering of $138,736,810 and that broker/advisor commissions and fees may exceed 9%.

The White Law Group ↗

Sep 23, 2024Hines Private Wealth Solutions Successfully Closes Two Multifamily Private OfferingsHines Private Wealth Solutions mirror of the press release confirming the close of HREX Multifamily II DST (The Emerson, Centreville VA) alongside the Hines Ann Arbor Multifamily LLC offering.

Hines Private Wealth Solutions ↗also: Hines Global Income Trust ↗also: Hines ↗also: AltsWire ↗

Jan 30, 2020Hines Global Acquires 355-Unit Apartment Complex in Northern VirginiaRE Business Online trade-press coverage of HGIT's acquisition of The Emerson, a 355-unit Class A multifamily complex in Centreville, VA (Northern Virginia), offering studio through three-bedroom floor plans averaging 925 square feet.

RE Business Online ↗

Jan 27, 2020Hines Global Income Trust Acquires The EmersonHGIT press release announcing its acquisition of The Emerson, a newly constructed Class A 355-unit multifamily asset in Centreville, Virginia (approx. 21 miles west of Washington, D.C.), 67% leased and 65% occupied at acquisition from JLB Partners; later the underlying property of HREX Multifamily II DST.

Hines Global Income Trust ↗also: Hines ↗

Jan 27, 2020Hines Global Picks Up New High-End Apartment Building in Centreville, VirginiaCoStar trade-press coverage of Hines Global's acquisition of The Emerson, a 355-unit apartment building in Centreville, Virginia, developed by JLB Partners and Crow Holdings, 67% leased at acquisition.

CoStar ↗

Jan 27, 2020Hines buys new-build apartments in CentrevilleWashington Business Journal local-news coverage of Houston-based Hines's acquisition of The Emerson, a 355-unit new-build apartment building in Centreville from JLB Partners of Dallas.

Washington Business Journal ↗

Frequently asked questions

Is The Emerson currently active?

The Emerson 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 The Emerson?

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.

In the news

Frequently asked questions

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