Hines Securities Successfully Completes $152 million DST Offering

DST offering was designed with investors’ wealth preservation and estate planning needs in mind

(HOUS­TON) – Hines, the glob­al real estate invest­ment, devel­op­ment and prop­er­ty man­ag­er, announced today that Hines Secu­ri­ties, Inc. has suc­cess­ful­ly 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, Texas, 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, Chief Invest­ment Offi­cer – 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% leased to a diverse ten­ant ros­ter and anchored by JLL and Buck­eye Part­ners. The asset was sourced by Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or ​“HGIT”), which has a $3.9B port­fo­lio diver­si­fied by geog­ra­phy and prop­er­ty type with a focus on dynam­ic sec­tors and mar­kets. The HGIT 200 Park Place DST is a sub­sidiary of HGIT.

The HGIT 200 Park Place DST allowed qual­i­fied investors to com­plete a like-kind exchange of prop­er­ty under Inter­nal Rev­enue Code Sec­tion 1031. The offer­ing pre­sent­ed a com­pelling solu­tion to aid in the defer­ment of cap­i­tal gains and oth­er tax­es while pro­vid­ing the oppor­tu­ni­ty to diver­si­fy real estate hold­ings through the own­er­ship of an insti­tu­tion­al-qual­i­ty asset.

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 www​.hines​glob​al​in​cometrust​.com.

About Hines
Hines is a glob­al real estate invest­ment, devel­op­ment and prop­er­ty man­ag­er. The firm was found­ed by Ger­ald D. Hines in 1957 and now oper­ates in 30 coun­tries. We man­age a $94.6B¹ port­fo­lio of high-per­form­ing assets across res­i­den­tial, logis­tics, retail, office, and mixed-use strate­gies. Our local teams serve 790 prop­er­ties total­ing 269 mil­lion square feet glob­al­ly. We are com­mit­ted to a net zero car­bon tar­get by 2040 with­out buy­ing off­sets. To learn more about Hines, vis­it www​.hines​.com and fol­low @Hines on social media. 

¹In­cludes both the glob­al Hines orga­ni­za­tion and RIA AUM as of June 30, 2023.

Any ESG or impact com­mit­ments made by Hines are not being pro­mot­ed and do not bind any invest­ment deci­sions made in respect of, or the stew­ard­ship of, HGIT or its sub­sidiaries. Any mea­sures imple­ment­ed in respect of such ESG or impact com­mit­ments may not be imme­di­ate­ly applic­a­ble to the invest­ments of HGIT and its sub­sidiaries and any imple­men­ta­tion can be over­rid­den or ignored at HGIT’s sole discretion.

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.