Programs on record8
First filed2022
Raising now1
Finished with published result0%
Capital-loss alertNone published
Sponsor-reported, from SEC filings and cited sources.
What the record shows
Hines is a privately owned global real estate investment, development and management firm whose exchange business runs through the Hines Real Estate Exchange (HREX), a platform giving qualified investors interests in Delaware statutory trusts that hold assets sourced from Hines Global Income Trust. On June 9, 2026, Hines Private Wealth Solutions reported completing more than $1.1 billion across eight HREX DST offerings since the platform launched in 2022, including HREX 8 DST, a $145 million offering holding Montrose Collective in Houston. Hines Global Income Trust reported holding twelve properties through its DST Program as of December 31, 2025.
Sponsor-stated figures are as reported by the sponsor.Evidence 12345678910
Published Grade summary
The public record tracks 8 Programs over 3 yrs, with 6 lifecycle-eligible, 0 seasoned, and 0 distress events documented. All 6 lifecycle-eligible Programs are recorded as property sold; result unknown — each outcome is acknowledged without a published figure, so 0 have a figure published and 0 are silent. The audit rests on 9 citations at a proof depth of 3, with no recorded floor; an absence of documented adverse events is not evidence of safety.
6Programs with an ending or 7+ years of history
0 of 6Programs with a documented problem
0%Finished Programs with a published result
YesPublishes its own track record
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
SponsorPropertyOffering sizeAmount soldStatus☆
Life Time Living Coral Gables; Left BankSEC filing, Dec 15, 2025
Amount sold: not confirmed yet. Top1031 has not been able to confirm how much of this offering has sold.
ActiveHow this Grade was computed
The four channels describe the documented public record. The published letter also applies evidence gates, ceilings, and adverse floors.
Four evidence channelsEach channel is scored from 0 to 100, then weighted under the published method.
Read the full methodHarm recordDocumented problems, weighed against everything at stake35% weight
Lifecycle outcomesHow programs old enough to finish actually ended25% weight
Market acceptanceHow each raise went against comparable offerings25% weight
Disclosure candorWhether completed programs come with published results15% weight
Weighted blend35% H + 25% L + 25% R + 15% TThe published result applies the anti-washout ceilings, evidence gates, and adverse floors below after this blend. Top1031 does not publish an intermediate score.
AProven71 and above
BEstablished61–70
CUnproven50–60
DWarning36–49
FAdverseBelow 36
NRNot ratedRecord too small or identity under review
- Ceilings
- The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
- Evidence gates
- A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
- Adverse floors
- An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
Proof depth62.3Published-outcome coverage0%
- C2026-Q3 · Moved from C. Binding constraints: proof depth below 4; fewer than 10 lifecycle-eligible Programs; H below 85.
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
ProgramFirst filedStatusPublished outcome
Show all 8 Programs
Who they are
Written from SEC filings and cited sources
Firm and platform
Hines describes itself as a privately owned global real estate investment, development and management firm 1. Offering materials identify Hines Interests Limited Partnership, including its affiliates and predecessor, as the sponsor 2. The firm's exchange business is the Hines Real Estate Exchange (HREX), launched as a platform for qualified investors seeking tax-advantaged opportunities through interests in Delaware statutory trusts holding assets sourced from Hines Global Income Trust, with a stated strategy of facilitating Section 1031 like-kind exchanges and diversification through institutional-grade assets 3.
Reported DST completions
On June 9, 2026, Hines Private Wealth Solutions reported that it had completed more than $1.1 billion across eight HREX DST offerings since the platform launched in 2022, and reported the completion of HREX 8 DST, a $145 million offering whose asset is Montrose Collective, a 189,000-square-foot mixed-use property in Houston's Montrose district 4.
Earlier completions show the range of assets placed into the trusts. Hines reported the completion of HREX 6 DST, a $246.5 million offering, on September 8, 2025; that trust owns the Class A multifamily properties E2 Apartments and The Alloy, both sourced by Hines Global Income Trust 5. Hines reported the completion of HREX 5 DST, a $194 million offering, on May 19, 2025; that trust owns Rookwood in Cincinnati, also sourced by Hines Global Income Trust 6. Hines Private Wealth Solutions reported the completion of HREX Multifamily III DST, a $124.7 million offering, on January 15, 2025; that trust owns Diridon West, a 249-unit San Jose multifamily property sourced from Hines Global Income Trust 7.
Program scale
Hines Global Income Trust reported that, as of December 31, 2025, it held twelve properties through the DST Program and had raised $1.2 billion in net offering proceeds through the DST 8.
Earlier sponsored programs
Hines offering documents list earlier sponsored programs, including the Hines 1997 and 1999 U.S. Office Development Funds and National Office Partners, all Class A multi-tenant office programs with sponsor-reported sale dates in 2006 and 2007; Hines Suburban Office Venture, a suburban office program with a sponsor-reported sale date in August 2007; and Hines Corporate Properties, an office program with a sponsor-reported sale date of June 2005 9. A later prospectus lists Emerging Markets Real Estate Fund I, which held Class A office, residential and industrial projects and carries a sponsor-reported sale date of November 2009 10.
Show sources (10)Hide sources (10)
- Hines ↗Sponsor disclosure
- df0r3ljp3eagy.cloudfront.net ↗Sponsor disclosure
- Hines Private Wealth Solutions ↗Sponsor disclosure
- sec.gov ↗Public record
- df0r3ljp3eagy.cloudfront.net ↗Sponsor disclosure
- df0r3ljp3eagy.cloudfront.net ↗Sponsor disclosure
- hinesprivatewealth.com ↗Sponsor disclosure
- sec.gov ↗Public record
- sec.gov ↗Public record
- sec.gov ↗Public record