# Hines Closes $591M Multifamily DST Offering, Its Largest to Date

Canonical page: https://sequoia-research.com/news/hines-closes-591m-multifamily-dst-offering-its-largest-to-date-af918d78

Author: Sequoia Research
Published: 2026-10-20T20:22:59.950Z
Updated: 2026-10-24T02:41:07.863Z
Original source: [AltsWire](https://altswire.com/hines-closes-591m-multifamily-dst-offering-its-largest-to-date/)
Source published: 2026-10-20T20:21:47.000Z
Type: News
Topics: DSTs

Hines Private Wealth Solutions has completed HREX 9, DST, an approximately $591 million offering that the company describes as its largest completed Delaware statutory trust program. AltsWire reports that the two apartment assets came from Hines Global Income Trust, the sponsor's nontraded REIT.

The portfolio combines Gables Station in Coral Gables, Florida, with Left Bank in Chicago, totaling 946 apartments and more than 957,000 rentable square feet. Gables Station accounts for 495 units and Left Bank for 451. Hines says its Real Estate Exchange platform has raised more than $1.9 billion since its 2022 launch; the announcement marks completion of fundraising for HREX 9.

[Read the original](https://altswire.com/hines-closes-591m-multifamily-dst-offering-its-largest-to-date/)

## Research considerations

DST coverage can involve new offerings, acquisitions, financing, sponsor developments, or exits. When considering an offering, the property portfolio, sponsor experience, capital structure, fees, and exit assumptions deserve a closer review alongside the announcement.

- Does the announcement concern a specific offering, the sponsor, or the broader DST market?
- What do the current offering documents say about the properties, debt, fees, risks, and exit assumptions?

This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

## About Sequoia Research

Sequoia Research, LLC is an independent real estate investment research firm providing analysis of Delaware Statutory Trusts (DSTs), Tenant in Common (TIC) investments, Opportunity Zone Funds, and mineral rights and royalties.

Explore our reports for property and sponsor analysis, financial assumptions, risks, and comparison scorecards. News inclusion does not imply that a report on the particular investment is available.

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