HREX 9, DST reported sales equal to its full offering amount on a Form D amendment filed October 15, 2026. Its raise velocity is 302 days, measured from the first reported sale on December 17, 2025, against a median of 208 days across 7 Hines programs.
Field | Value |
|---|---|
Trust | HREX 9, DST |
Sponsor | Hines |
Asset class | Other Real Estate |
Property | not stated |
Exemption | 506(b) |
Original offering amount | $618,397,358 |
Amended offering amount | $590,648,975 |
Total sold reported | $590,648,975 |
Investors reported | 550 |
Minimum investment | $250,000 |
Downward amendments | 1 |
Only one of the offering's Form D filings reports any sales. The original, filed December 15, 2025, reported none, so the record marks no point at which half the ceiling had been taken; the 302 days run from the first reported sale to that single amendment.
The broader market median is 109 days to half the ceiling and 182 days to most of it, across 874 programs. The Hines median is drawn from the 7 programs counted, not from the sponsor's full history.
The October amendment also reports a lower offering amount than the original ceiling. The amount it reports sold is 95.5% of that ceiling, and the filings state no reason for the reduction.
A raise that fills has found buyers, and that is all it shows. It says nothing about the assets inside the trust, the terms investors accepted, or what follows over the hold. The Form D carries no performance figures. The filings do not state whether the offering has terminated.
Sources: Form D, filed December 15, 2025; Form D amendment, filed October 15, 2026.
Raise velocity is Top1031's pace measure, computed from the dates on an offering's Form D filings: days from the first reported sale to the filing that first reports 50% and 90% of the ceiling sold. One amendment here reports both thresholds, so both day counts are identical. Amounts sold are as the filings report them and may lag actual sales. Sponsor and market medians cover likely 1031 DST programs only.