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Hines Private Wealth completes $124.7m DST offering
Real Estate - JANUARY 16, 2025

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Hines Private Wealth completes $124.7m DST offering

by RELEASED

Hines Private Wealth Solutions has completed HREX Multifamily III DST, a $124.7 million Delaware Statutory Trust (DST).

The DST, which owns Diridon West, a trophy-quality living property in San Jose, was designed to meet investors’ wealth planning needs and was one of multiple multifamily DST offerings completed by the firm in 2024.

The asset was sourced from Hines Global Income Trust.

HREX Multifamily III DST, a subsidiary of Hines Global Income Trust, 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. Diridon West, the property owned by the DST, is a class A multifamily asset with immediate access to premier Silicon Valley employers and live-work-play amenities. It features

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