Hines Closes Eighth DST at $145M, Pushing Platform Past $1.1 Billion

Hines Private Wealth Solutions LLC has closed its eighth Delaware statutory trust offering, a $145 million DST backed by a mixed-use asset in Houston’s Montrose district. The closing pushes the total raised through its HREX platform past $1.1 billion since the program launched in 2022.

The offering, HREX 8, DST – which launched in September 2025 and originally sought to raise approximately $151.7 million – owns Montrose Collective, a 189,000-square-foot mixed-use property in the neighborhood. The asset is leased to a mix of retailers and restaurants, including a Fortune 500 tenant, in a submarket Hines describes as supply-constrained, citing roughly 35% population growth over the past decade.

The asset was sourced from Hines Global Income Trust Inc., or HGIT, a publicly registered nontraded REIT sponsored by Hines with a gross asset value of approximately $6.3 billion as of April 30, 2026.

“Reaching more than $1.1 billion across eight offerings underscores the strong demand from private investors for institutional-quality real estate solutions that combine income, diversification, and tax efficiency,” said Alfonso Munk, global co-head of investment management at Hines. “HREX 8 DST builds on this momentum, providing investors with access to a prime mixed-use asset through a structure that supports broader wealth and estate planning strategies.”

Like its predecessors in the HREX series, the eighth offering allowed qualified investors to complete a like-kind exchange under Internal Revenue Code Section 1031, enabling deferral of capital gains taxes through a DST structure.

In November 2025, Hines Private Wealth closed HREX 7, DST, a $199.8 million offering. Launched in May 2025, the offering originally sought to raise nearly $209.6 million. In March, AltsWire reported that HGIT completed the sale of its Briargate property for a contract price of $150.7 million. The company purchased The Promenade Shops at Briargate, an outdoor retail center located in Colorado Springs, Colo., for $93.2 million in September 2019.

The HREX platform’s $1.1 billion cumulative raise marks continued expansion of Hines’ private wealth distribution business. Hines manages $91.7 billion in assets across property types on behalf of institutional and private wealth clients.

Visit the AltsWire directory page.