Hines completed the HREX 6 DST, a $246.5 million Delaware Statutory Trust with a focus on multifamily properties.
The DST includes two Class A multifamily properties, E2 Apartments and The Alloy, strategically located near major universities.
The offering allowed qualified investors to complete a like-kind exchange of property under Internal Revenue Code Section 1031.
Focus on Living Sector
Hines' steadfast commitment to the Living sector, particularly multifamily properties adjacent to major universities.
Investment Management
Alfonso Munk, Co-Head of Investment Management at Hines, expressed high conviction in the living sector for stable performance.
Tax Benefits
The HREX 6 DST offering provided a solution to aid in the deferment of capital gains and other taxes for investors.
- The completion of the $246.5 million DST offering underscores Hines' dedication to strategic real estate investments.
- Investors had the opportunity to own two Class A multifamily properties while benefiting from tax advantages.
- The strong demand for multifamily properties near universities and the diversification of the DST portfolio highlight investment opportunities in dynamic sectors.
Hines' successful completion of the $246.5 million DST offering demonstrates its expertise in real estate investment management and commitment to providing investment opportunities with tax benefits.