Not indexedSponsor-published track-record coverage
Sponsor profile
SEC filings + cited sources
Hines operates its Delaware Statutory Trust business through the Hines Real Estate Exchange (HREX), a securitized 1031-exchange platform launched in 2022 and sponsored by Hines Private Wealth Solutions LLC. The DST operating entities are controlled by Hines Interests Limited Partnership, the Houston-based sponsor of the non-listed REIT Hines Global Income Trust. As of June 9, 2026, Hines reported completing more than $1.1 billion across eight DST offerings since 2022. Closed programs have spanned mixed-use retail, Class A industrial, and multifamily assets in markets including Houston, Savannah, and San Jose.
Platform and sponsor
The Hines Real Estate Exchange (HREX) is a Delaware Statutory Trust program launched in 2022 to deliver securitized 1031-exchange investments, sponsored by Hines Private Wealth Solutions LLC 1. The DST operating entities are controlled by Hines Interests Limited Partnership, the Houston-based sponsor (845 Texas Avenue) of the non-listed REIT Hines Global Income Trust 4. As of June 9, 2026, Hines reported completing more than $1.1 billion across eight DST offerings since the 2022 launch 2.
Representative closed offerings
HREX 8 DST closed on June 9, 2026 at $145 million and holds Montrose Collective, a 189,000-square-foot mixed-use retail and restaurant asset in Houston's Montrose district that includes a Fortune 500 tenant 2. HREX 7 DST closed November 3, 2025 at $199.8 million, holding the Georgia International Trade Center — two Class A industrial facilities totaling 2.2 million square feet in Savannah, Georgia, leased to a Fortune 50 home-improvement retailer and a global third-party logistics provider 3. HREX Multifamily III DST closed with $128.6 million raised at 0% loan-to-value, holding the 249-unit Diridon West mixed-use multifamily asset in San Jose, California 5.
HREX Multifamily I, DST2023HREX Multifamily I, DST completed its $77 million equity raise in March 2024 and as of March 31, 2026 the EMME 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 [1][2][3].hinesglobalincometrus… ↗hines.com ↗sec.gov ↗SEC ↗
HREX Multifamily II, DST2023HREX 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].hinesglobalincometrus… ↗hinesprivatewealth.com ↗sec.gov ↗SEC ↗
HREX 6, DST2025Per the HGIT Q1 2026 10-Q filing summary, E2 Apartments and The Alloy remain DST-related properties owned by Hines Global Income Trust; the offering completed Sep 8, 2025 ($246.5M) and no disposition has been announced.hines.com ↗stocktitan.net ↗hinesglobalincometrus… ↗SEC ↗
HREX 7, DST2025Per the HGIT Q1 2026 10-Q filing summary and Hines Nov 3, 2025 press release, Georgia International Trade Center remains a DST-related property of Hines Global Income Trust; the $199.8M offering completed Nov 3, 2025 with no disposition announced.hines.com ↗hinesglobalincometrus… ↗stocktitan.net ↗SEC ↗
HREX BMS, DST2025Per 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.sec.gov ↗sec.gov ↗hines.com ↗SEC ↗
HREX 8, DST2025Per the HGIT Q1 2026 10-Q filing summary and the June 9, 2026 press release, Montrose Collective remains a DST-related property of Hines Global Income Trust; the $145M offering completed June 9, 2026 with no disposition announced.sec.gov ↗hinesglobalincometrus… ↗stocktitan.net ↗SEC ↗
Hines Completes $246.5 Million DST OfferingHines Private Wealth Solutions LLC successfully completed HREX 6 DST, a nearly $246.5 million Delaware statutory trust including two Class A multifamily properties, E2 Apartments and The Alloy, adjacent to major universities.
Hines Picks Up Houston Offices for $137.6MHines Global Income Trust acquired Montrose Collective, a 189,000-square-foot high-rise in Houston that was delivered in 2022 and is 100% leased.
HREX 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%.
E2 Apartments — Modern Urban Living in Evanston, ILIn December 2024, Hines completed a record-breaking acquisition of one of the largest and most high-value apartment communities in Evanston, IL — E2 Apartments.
Growth of Residential Platform Highlights Strength of MultifamilyHines sponsor-level article discussing the growth of its residential multifamily management platform in 2023; mentions EMME (199-unit Class A, 96% leased) as an asset acquired by Hines Global Income Trust (HGIT), the parent of HREX Multifamily I DST.
Hines Securities Successfully Completes $77 Million Multifamily DSTHGIT mirror of the Hines press release confirming the $77 million HREX Multifamily I DST (EMME Chicago) has been completed, enabling qualified investors to perform a like-kind exchange under IRC Section 1031.
Hines Global Income Trust Inc. Completes $152 Million DST OfferingHines Securities Inc. successfully completed a $152 million offering of interests in HGIT 200 Park Place DST; the DST owns 200 Park Place, a state-of-the-art office building in Houston's River Oaks.
200 Park Place DST CloseHines Securities completed a $152 million offering of interests in HGIT 200 Park Place DST, a Delaware statutory trust that owns 200 Park Place, a Class AA office building in Houston's River Oaks district.