Hines Private Wealth Solutions Successfully Completes $194 Million DST

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

(HOUS­TON) – Hines, the glob­al real estate investor, devel­op­er and man­ag­er announced today that Hines Pri­vate Wealth Solu­tions LLC has suc­cess­ful­ly com­plet­ed anoth­er Delaware Statu­to­ry Trust (“DST”) with HREX 5 DST. The DST, which owns Rook­wood, a pre­mier, open-air shop­ping des­ti­na­tion in Cincin­nati, Ohio, was specif­i­cal­ly designed to meet investors’ 1031 exchange needs.

Rook­wood con­sists of two adja­cent shop­ping cen­ters, Rook­wood Com­mons and Rook­wood Pavil­ion, and fea­tures an expan­sive ten­ant mix of spe­cial­ty gro­cery, fash­ion and din­ing options. The asset was sourced by Hines Glob­al Income Trust, Inc. (“Hines Glob­al Income Trust” or ​“HGIT”), which has a $4.58B port­fo­lio as of April 30, 2025, and is diver­si­fied by geog­ra­phy and prop­er­ty type with a focus on dynam­ic sec­tors and markets.

“We have high con­vic­tion in the retail sec­tor, and with Rookwood’s strong his­tor­i­cal per­for­mance, prime loca­tion and attrac­tive retail­er mix, investors clear­ly shared our con­fi­dence,” said Alfon­so Munk, Pres­i­dent of HGIT and Co-Head of Invest­ment Man­age­ment at Hines. ​“We were pleased to help investors achieve their 1031 exchange goals with this offering.”

HREX 5 DST, a sub­sidiary of Hines Glob­al Income Trust, allowed qual­i­fied investors to com­plete a like-kind exchange of prop­er­ty under Inter­nal Rev­enue Code Sec­tion 1031. The offer­ing pre­sent­ed a 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 lead­ing glob­al real estate invest­ment man­ag­er. We own and oper­ate $90.1 bil­lion¹ of assets across prop­er­ty types and on behalf of a diverse group of insti­tu­tion­al and pri­vate wealth clients. Every day, our 5,000 employ­ees in 30 coun­tries draw on our 68-year his­to­ry to build the world for­ward by invest­ing in, devel­op­ing, and man­ag­ing some of the world’s best real estate. To learn more, vis­it www​.hines​.com and fol­low @Hines on social media.

¹In­cludes both the glob­al Hines orga­ni­za­tion and RIA AUM as of Decem­ber 31, 2024.

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.