Hines completes $77M DST offering for Chicago multifamily property EMME

HINES GLOBAL INCOME TRUST, INC.

HREX Multifamily I DST raised $77M via a DST offering for EMME in Chicago's West Loop.
EMME is a 199-unit Class A multifamily building, 96% leased as of Sept. 30, 2023.
The DST enables qualified investors to defer capital gains via Section 1031 exchange.
Asset sourced by Hines Global Income Trust, which holds a $4.1B portfolio as of Jan. 31, 2024.
Hines Securities successfully marketed the offering to meet investor 1031 exchange needs.

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