Hines announced the launch of Hines Real Estate Exchange (HREX), a platform designed to serve qualified investors interested in tax-advantaged investment opportunities. The platform intends to make 1031 exchange opportunities available to investors in the form of interests in Delaware Statutory Trusts (DSTs) holding assets sourced from Hines Global Income Trust (HGIT). HGIT will have an option to acquire the properties held by the DSTs.
The HREX platform is intended to provide participants with a solution to aid in the deferment of capital gains and other taxes while providing them with the opportunity to diversify real estate holdings through the ownership of institutional-grade assets.
Many exchangers are eager to capitalize on existing pricing environments. “A growing number of financial professionals are requesting DSTs to offer their clients tax-advantaged solutions on their platforms,” said Mark Earley, CEO of Hines Securities, Inc.
HGIT features a $3.8 billion portfolio of commercial real estate investments that is nearly two-thirds weighted toward the industrial and living sectors. HGIT is diversified by geography and real estate sectors, with a focus on stable assets with strong long-term income potential.