Hines Securities Successfully Completes $77 Million Multifamily DST

March 6, 2024

DST Offering Addresses Investor Needs in a Dynamic Real Estate Market Environment

(HOUS­TON) – Hines, the glob­al real estate invest­ment, devel­op­ment and prop­er­ty man­ag­er, announced today that Hines Secu­ri­ties, Inc. has suc­cess­ful­ly com­plet­ed anoth­er Delaware Statu­to­ry Trust (“DST”) with HREX Mul­ti­fam­i­ly I DST. The DST owns EMME, a high-qual­i­ty asset fea­tur­ing resort-style ameni­ties and imme­di­ate prox­im­i­ty to the diverse offer­ings of Chicago’s West Loop submarket.

EMME is a vibrant 14-sto­ry, 199-unit Class A mul­ti­fam­i­ly devel­op­ment that is 96% leased as of Sep­tem­ber 30, 2023. The asset was sourced by Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or HGIT”), which has a $4.1B port­fo­lio as of Jan­u­ary 31, 2024, diver­si­fied by geog­ra­phy and prop­er­ty type with a focus on dynam­ic sec­tors and mar­kets. HREX Mul­ti­fam­i­ly I DST is a sub­sidiary of HGIT.

Since launch­ing Hines Glob­al Income Trust almost 10 years ago, a com­pan­ion 1031 exchange offer­ing has been of grow­ing inter­est from finan­cial pro­fes­sion­als and their clients,” not­ed Alfon­so Munk, Chief Invest­ment Offi­cer – Amer­i­c­as for Hines. We couldn’t be more pleased to help investors achieve their 1031 goals, as evi­denced by the over­whelm­ing response to HREX Mul­ti­fam­i­ly I DST.”

HREX Mul­ti­fam­i­ly I DST allowed qual­i­fied investors to com­plete a like-kind exchange of prop­er­ty under Inter­nal Rev­enue Code Sec­tion 1031. The offer­ing pre­sent­ed a com­pelling solu­tion to aid in the defer­ment of cap­i­tal gains and oth­er tax­es while pro­vid­ing the oppor­tu­ni­ty to diver­si­fy real estate hold­ings through the own­er­ship of an insti­tu­tion­al-qual­i­ty asset.

About Hines Glob­al Income Trust

Hines Glob­al Income Trust is a pub­lic, non-list­ed real estate invest­ment trust spon­sored by Hines. It com­menced oper­a­tions in 2014 and invests in com­mer­cial real estate invest­ments locat­ed in the Unit­ed States and inter­na­tion­al­ly. For addi­tion­al infor­ma­tion about HGIT, vis­it www​.hines​glob​al​in​cometrust​.com.

About Hines

Hines is a glob­al real estate invest­ment, devel­op­ment and prop­er­ty man­ag­er. The firm was found­ed by Ger­ald D. Hines in 1957 and now oper­ates in 30 coun­tries. We man­age a $94.6B¹ port­fo­lio of high-per­form­ing assets across res­i­den­tial, logis­tics, retail, office, and mixed-use strate­gies. Our local teams serve 790 prop­er­ties total­ing 269 mil­lion square feet glob­al­ly. We are com­mit­ted to a net zero car­bon tar­get by 2040 with­out buy­ing off­sets. To learn more about Hines, vis­it www​.hines​.com and fol­low @Hines on social media.

¹In­cludes both the glob­al Hines orga­ni­za­tion and RIA AUM as of June 302023.

Any ESG or impact com­mit­ments made by Hines are not being pro­mot­ed and do not bind any invest­ment deci­sions made in respect of, or the stew­ard­ship of, HGIT or its sub­sidiaries. Any mea­sures imple­ment­ed in respect of such ESG or impact com­mit­ments may not be imme­di­ate­ly applic­a­ble to the invest­ments of HGIT and its sub­sidiaries and any imple­men­ta­tion can be over­rid­den or ignored at HGIT’s sole discretion.

No Offer of Securities

This press release shall not be deemed an offer to sell, or a solic­i­ta­tion of an offer to pur­chase, any secu­ri­ties. No one can invest direct­ly in the Hines Real Estate Exchange platform.

Press Contact
Erica Campbell

212 294 9024