Hines, a global real assets investment manager, has announced that Hines Private Wealth Solutions has completed its ninth Delaware statutory trust (DST) offering (HREX 9 DST). With a total offering amount of approximately $591 million, HREX 9 DST is Hines’ largest completed DST offering to date and featured the opportunity to invest in two multifamily properties: Gables Station in Coral Gables, Fla., and Left Bank in Chicago.
Since launching Hines Real Estate Exchange in 2022, the firm has raised more than $1.9 billion from qualified investors, underscoring the growth in the scale and breadth of its private wealth business.
“Our conviction in living is grounded in what we believe to be durable demand and a sharply reduced pipeline of new supply in many U.S. markets. We believe HREX 9 DST brings that conviction to its investors at record scale, providing access to institutional-quality real estate and the potential benefits of income, diversification and tax efficie
