Hines Securities completes $152m DST Offering
Hines Securities has completed a $152 million offering of interests in HGIT 200 Park Place DST, a Delaware Statutory Trust (DST).
The DST owns 200 Park Place, a state-of-the-art office building in the upscale River Oaks district of Houston, a highly desirable live-work-play location.
“Given our vast real estate experience in the private wealth space, we were pleased to be able to help financial professionals meet the needs of their clients looking for a quality investment opportunity,” noted Alfonso Munk, CIO – Americas for Hines. “Particularly given the general landscape of market uncertainty, the enthusiasm around the HGIT 200 Park Place DST shows that investors shared our conviction in the offering, as well as the asset, and trusted Hines as their investment partner.”
Completed in 2020, the 206,943-square-foot property located at 400 Westheimer Road is 100 percent leased to a diverse tenant roster and anchored by JLL and Buckeye Partners. The asset