Diridon West (formerly Hanover Diridon)
Multifamily property in San Jose, CA — sponsor not disclosed
Files with the SEC as HREX Multifamily III, DST
Sponsor not disclosed
Minimum investment
$250k
Offering size
$124.7M
How much has sold
100.0%
Asset type
Multifamily property
Location
San Jose, CA
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?
Diridon West (formerly Hanover Diridon) 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
- San Jose, CA
- Property size
- 249 units
How did it end?
No sale or other ending on record
No disposition evidence found; HGIT's Diridon West property page is active 'as of March 31, 2026' and the Jan 15, 2025 Hines press release announces only the completion of the $124.7M DST offering (not a sale), per hinesglobalincometrust.com/properties/diridon-west.
Diridon West (formerly Hanover Diridon) is a 7-story, 249-unit Class A multifamily development completed in 2021 at 717 West Julian St, San Jose, CA 95126; ~197,774 sf; trophy-quality asset acquired by Hines in 2024 for $117.5M; HREX Multifamily III DST completed at $124.7 million on Jan 15, 2025; sponsor: HREX Multifamily III Depositor, LLC (Hines).
249 unitsSupporting evidence
Who's behind it?
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- HREX Multifamily III, DST
- May convert to a REIT
- No
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 Diridon West (formerly Hanover Diridon)?
Top1031 lists Diridon West (formerly Hanover Diridon) as historical. It is no longer raising money.
Where does Top1031 get the data for Diridon West (formerly Hanover Diridon)?
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 Announces $292 Million in Acquisitions by Hines Global Income Trust and Completion of $124.7-Million DST OfferingHines Private Wealth announced successful completion of the $124.7 million HREX Multifamily III DST that owns Diridon West, a Class A multifamily asset in San Jose. Hines Private Wealth completes $124.7m DST offeringIREI reported that Hines Private Wealth Solutions completed the $124.7M HREX Multifamily III DST owning Diridon West in San Jose. Hines Global Acquires $117.5 Million California Multifamily AssetHines acquired Hanover Diridon (the underlying property) in San Jose for $117.5 million, prior to formation of the DST. HGIT Acquires 249-Unit Hanover Diridon Apartments in San Jose, CaliforniaTrade-press coverage of HGIT's acquisition of the 249-unit Hanover Diridon property (to be rebranded Diridon West) at 715 W. Julian St. in San Jose. Downtown San Jose apartments are bought, deal points to wobbly marketMainstream-news article covering the $117.5 million acquisition of the 249-unit Diridon West apartment building at the corner of Stockton Avenue and West Julian Street in San Jose. Hines buys Hanover Diridon luxury multifamily residential project for $117.5MLocal business-journal article reporting that Hines (via HGIT) acquired the 249-unit Hanover Diridon (later rebranded Diridon West) at 715 W. Julian St. in San Jose for $117.5 million.