Hines, the real estate investment, development and property manager, announced the launch of Hines Real Estate Exchange, 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 holding assets sourced from Hines Global Income Trust. Hines Global Income Trust will have an option to acquire the properties held by the DSTs.
The Hines Real Estate Exchange 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.
“Hines Real Estate Exchange is a natural progression for the firm,” noted Alfonso Munk, chief investment officer of the Americas and president of Hines Global Income Trust. “Given the strong market demand for 1031 exchange products and Hines’ vast experience and expertise as sponsor of Hines Global Income Trust, we believe the time is right to launch this initiative.”
Founded in 1957, Hines is a privately owned real estate investment firm in 28 countries. The company oversees investment assets under management totaling $90.3 billion. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet.