Hines Global Income Trust: ~$591M property offering
HREX 9 DST combines 946 residential units and more than 957,000 square feet of rentable space in Florida and Chicago.
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Form Type
8-K
Rhea-AI Filing Summary
Hines Global Income Trust, Inc. (HGIT) reported that Hines Private Wealth Solutions LLC completed HREX 9 DST, a Delaware Statutory Trust offering totaling approximately $591 million. The DST owns two multifamily properties sourced from HGIT: Gables Station in Coral Gables, Florida, and Left Bank in Chicago.
The properties total 946 units and more than 957,000 square feet of rentable space. HGIT's portfolio had a gross asset value of approximately $7.29 billion as of September 30, 2026. Since Hines Real Estate Exchange launched in 2022, Hines has raised more than $1.9 billion from qualified investors. HREX 9 allowed qualified investors to complete a like-kind exchange under Section 1031 of the Internal Revenue Code.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
DST offering amount: Approximately $591 million
Total apartment units: 946 units
Rentable space: More than 957,000 square feet
+4 more
7 metrics
DST offering amount
Approximately $591 million
Completed HREX 9 DST offering
Total apartment units
946 units
Across the two properties owned by HREX 9 DST
Rentable space
More than 957,000 square feet
Across the two properties owned by HREX 9 DST
HGIT gross asset value
Approximately $7.29 billion
As of September 30, 2026
Hines Real Estate Exchange funds raised
More than $1.9 billion
Since its launch in 2022; raised from qualified investors
Gables Station units
495 units
Apartment community in Coral Gables, Florida
Left Bank units
451 units
Apartment community in Chicago
Key Terms
Delaware Statutory Trust, like-kind exchange, Section 1031, gross asset value
4 terms
Delaware Statutory Trust financial
"HREX 9 DST, a $591 million DST offering"
A Delaware statutory trust is a legal structure created under Delaware law that holds assets—often real estate or income-producing property—and issues shares of ownership to investors. It separates the assets and liabilities of the trust from individual investors, like a shared landlord that collects rent and pays expenses, and matters to investors because it can simplify ownership, limit personal liability, and make it easier to receive steady income or trade ownership stakes without managing properties directly.
like-kind exchange financial
"complete a like-kind exchange of property"
A like-kind exchange is a tax mechanism that lets an investor swap one qualifying asset for another similar asset without immediately paying capital gains tax, effectively deferring the tax bill until the replacement asset is sold. Think of it like trading one house for another: it preserves more cash for the new purchase and lets investors reshape or upgrade their holdings without triggering a large tax hit today, which can affect cash flow, portfolio strategy and long-term returns.
Section 1031 regulatory
"under Section 1031 of the Internal Revenue Code"
Section 1031 is a U.S. tax code provision that lets investors swap one qualifying investment property for another without recognizing immediate taxable gain, effectively deferring capital gains tax until a later sale. Think of it like trading one rental property for another instead of selling for cash and paying tax now — it preserves capital and buying power, so investors can reposition portfolios and defer tax bills while reallocating assets.
gross asset value financial
"gross asset value of approximately $7.29 billion"
Gross asset value is the total market value of all a company’s or fund’s assets before any debts, reserves, fees or other deductions are taken out. Investors care because it shows the raw size and composition of what is owned—like the full contents of a suitcase before removing baggage fees—helping assess scale, growth and the starting point for calculating net value per share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How large was HGIT's HREX 9 DST offering?
HREX 9 DST completed an offering totaling approximately $591 million. It featured the opportunity to invest in Gables Station in Coral Gables, Florida, and Left Bank in Chicago.
How did HREX 9 DST relate to Section 1031 exchanges?
The offering allowed qualified investors to complete a like-kind exchange of property under Section 1031 of the Internal Revenue Code. It was described as a solution to aid in the deferment of capital gains and other taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | |||||
__________________________________
(Exact name of registrant as specified in its charter)
Commission file number: 000-55599
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| (Address of principal executive offices) | (Zip code) | |||||||
( | ||||||||
| (Registrant’s telephone number, including area code) | ||||||||
| Not Applicable | ||||||||
| Former name or former address, if changed since last report | ||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure
On October 20, 2026, Hines Interests Limited Partnership (“Hines”) issued a press release to announce the successful completion of the HREX 9 DST, a $591 million DST offering. HREX 9 DST owns two residential properties, Gables Station in Florida and Left Bank in Illinois, both of which were sourced by Hines Global Income Trust, Inc. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K, including the press release attached as Exhibit 99.1 hereto, is furnished pursuant to Item 7.01 and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in this Item 7.01 of this Current Report on Form 8-K, including the exhibit furnished herewith, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | ||||
| 99.1 | Press Release of Hines, dated October 20, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Hines Global Income Trust, Inc. | |||||||||||||||||
| October 20, 2026 | By: | /s/ A. Gordon Findlay | |||||||||||||||
Name: A. Gordon Findlay | |||||||||||||||||
Title: Chief Accounting Officer, Treasurer and Secretary | |||||||||||||||||
Exhibit 99.1
For Immediate Release
October 20, 2026
News Release
For Further Information, Contact:
Hines Press Office
pressoffice@hines.com
Hines Private Wealth Solutions Completes its Largest Delaware Statutory Trust Offering
•Approximately $591 million offering of interests in multifamily properties in Florida and Chicago
•Transaction reflects Hines’ conviction in living and the growing scale of its private wealth business
(HOUSTON) – Hines, a global real estate investment manager, today announced that Hines Private Wealth Solutions LLC 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, Florida, 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 efficiency,” said Alfonso Munk, Global Co-Head of Investment Management at Hines.
HREX 9 DST owns two properties totaling 946 units and more than 957,000 square feet of rentable space in highly walkable urban markets:
•Gables Station: A 495-unit apartment community in Coral Gables, Florida, supported by durable rental demand and significant barriers to new development. Amenities include an on-site Life Time fitness center, Trader Joe’s, three resort-style pools and two restaurants. The property is near downtown Miami, Coconut Grove and the University of Miami.
•Left Bank: A 451-unit apartment community in Chicago’s Fulton Market/West Loop, where low vacancy and limited new supply support rental fundamentals. The property offers upscale finishes, direct access to the Chicago Riverwalk and proximity to the Loop, with convenient connections to nearby CTA and Metra stations.
The assets were sourced from Hines Global Income Trust, Inc. (“Hines Global Income Trust” or “HGIT”). HGIT’s portfolio, which has a gross asset value of approximately $7.29 billion as of September 30, 2026, is diversified by geography and property type, with a focus on high-conviction sectors supported by favorable long-term fundamentals.
HREX 9 DST allowed qualified investors to complete a like-kind exchange of property under Section 1031 of the Internal Revenue Code. The offering provided a solution to aid in the deferment of capital gains and other taxes while providing the opportunity to own two institutional-quality multifamily properties.
About Hines Global Income Trust
Hines Global Income Trust is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally. For additional information about HGIT, visit hinesglobalincometrust.com.
About Hines
Hines is a leading global real assets platform, built on nearly 70 years of developer's instinct and investor's discipline. Founded in 1957, we compound value through an operator's edge – a ground-level understanding of what makes assets perform – across residential, logistics, office, data centers and infrastructure. Our 4,600 employees in 29 countries manage approximately $91 billion of assets¹ on behalf of institutional and private wealth clients, drawing on decades of proprietary knowledge to find and create value. Private ownership keeps our interests aligned with those of our clients and investors over the long term. To learn more, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2026
No Offer of Securities
This press release shall not be deemed an offer to sell, or a solicitation of an offer to purchase, any securities. No one can invest directly in the Hines Real Estate Exchange platform.