Programs on record10
First filed2022
Active offerings1
Sponsor-reported, from SEC filings and cited sources.
What is on this sponsor’s Record Card?
Top1031 Sponsor Record Card
How this letter was decidedHines
NR
NR · Not rated
0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Completed sales 0Losses or impairments 0Counted Programs 0
- Programs found in SEC fundraising filings (Form D)
- 10
- Share of programs over 3 years old whose status we confirmed
- 100%
Which Programs are on the record?
A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.
ProgramSponsor-stated resultCounted as
HREX 6, DSTFirst filed 2025Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
HREX 7, DSTFirst filed 2025Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
HREX 8, DSTFirst filed 2025Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
HREX BMS, DSTFirst filed 2025Per the HGIT Q1 2026 10-Q filing summary and HGIT's Q4 2025 List of Subsidiaries (which lists HGIT 3401 Empire Ave Owner LLC and HREX BMS DST/Ground LeaseCo entities), HREX BMS DST holds Burbank Media Studios at 3401 West Empire Avenue, Burbank, CA; the Form D offering ran Aug 20 to Sep 12, 2025 and no disposition has been announced. Source
No outcome recorded · under 7 yearsDocument
Show all 10 Programs
HREX 5, DSTFirst filed 2024No 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/. Source
No outcome recorded · under 7 yearsDocument
HREX Multifamily III, DSTFirst filed 2024No 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. Source
No outcome recorded · under 7 yearsDocument
HREX Multifamily I, DSTFirst filed 2023Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
HREX Multifamily II, DSTFirst filed 2023Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
HGIT 200 Park Place, DSTFirst filed 2022Listed as a completed/full-cycle program on Hines's published track record. Source
Moved into a REIT, per the REIT's SEC filingDocument
Active offerings
Active means the sponsor’s SEC filings show the offering still raising money. It does not confirm you can still buy in.
PropertyOffering sizeAmount soldStatus☆
Life Time Living Coral Gables; Left BankSEC filing, Dec 15, 2025
—Filed Dec 15, 2025
Who is behind this record?
Hines is a privately owned global real estate investment, development and management firm founded in 1957 that reports operations in 30 countries and $91.7 billion of assets under management as of December 31, 2025. Its exchange platform, the Hines Real Estate Exchange, launched on September 20, 2022 and uses Delaware statutory trusts holding assets sourced from Hines Global Income Trust, the firm's public non-listed REIT. Hines Private Wealth Solutions reported on June 9, 2026 that it had completed HREX 8 DST, a $145 million offering holding Houston's Montrose Collective, bringing more than $1.1 billion completed across eight DST offerings since the platform launched.
Sponsor-stated figures are as reported by the sponsor.Sources: Hines · Hines Private Wealth Solutions LLC · sec.gov · Hines Global Income Trust
Firm scale behind the platform
Hines describes itself as a privately owned global real estate investment, development and management firm founded in 1957. As of December 31, 2025 the firm reported 837 properties and more than 299 million square feet under property and asset management, 151 developments underway, 4,638 team members, operations in 30 countries, and $91.7 billion of assets under management, a figure it states includes global Hines and RIA assets1.
How the Hines Real Estate Exchange is structured
Hines announced the launch of the Hines Real Estate Exchange (HREX) on September 20, 2022 as a platform for qualified investors addressing wealth-preservation and estate-planning needs. According to Hines Private Wealth Solutions, HREX makes Section 1031 exchange opportunities available through interests in Delaware statutory trusts holding assets sourced from Hines Global Income Trust (HGIT), the public non-listed REIT sponsored by Hines, and HGIT holds an option to acquire properties held by the trusts2.
Completed DST offerings
On June 9, 2026, Hines Private Wealth Solutions reported the completion of HREX 8 DST, a $145 million offering, and stated that more than $1.1 billion had been completed across eight DST offerings since the platform's 2022 launch. HREX 8 DST owns Montrose Collective, a 189,000-square-foot mixed-use asset in Houston's Montrose district sourced from HGIT3. The sourcing chain is visible a year earlier: HGIT announced on September 29, 2025 that it had acquired Montrose Collective for $137.5 million4.
Earlier completions show the platform's asset mix. HREX 5 DST, a $194 million offering completed May 19, 2025, owns Rookwood, a Cincinnati retail property sourced by HGIT5. HREX Multifamily III DST, a $124.7 million offering completed January 15, 2025, owns Diridon West, a 249-unit Class A multifamily property in San Jose, California, also sourced from HGIT6. Completion releases filed with the SEC and dated July 18, 2025 and October 29, 2025 record HREX 6 DST, holding the Class A multifamily E2 Apartments and The Alloy7, and HREX 7 DST, holding the Class A industrial Georgia International Trade Center8.
Show sources (8)Hide sources (8)
- Hines ↗Sponsor disclosure
- Hines Private Wealth Solutions LLC ↗Sponsor disclosure
- sec.gov ↗Public record
- Hines Global Income Trust ↗Sponsor disclosure
- Hines Global Income Trust ↗Sponsor disclosure
- Hines Private Wealth Solutions LLC ↗Sponsor disclosure
- sec.gov ↗Public record
- sec.gov ↗Public record
Written from SEC filings and cited sources
Hines in the news
More sponsor coverage (15)
What can I do next?
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