HREX 8 DST is a Hines Real Estate Exchange offering owning Montrose Collective, a 189,000-square-foot mixed-use property in Houston's Montrose district.
HREX interests are private securities and do not trade on a national securities exchange. Potential liquidity depends on the specific trust documents, property performance, financing, transfer requirements, sponsor-led exit expectations, and private buyer demand.
Hines Real Estate Exchange
Delaware Statutory Trust / Mixed-Use
$145 Million
Montrose Collective / Houston, TX
Completed DST Offering
Limited Private Secondary Market Liquidity
Hines announced on June 9, 2026 that HREX 8 DST had been successfully completed as a $145 million offering. The transaction brought total HREX DST offerings since 2022 to more than $1.1 billion across eight programs.
Montrose Collective is a 189,000-square-foot mixed-use asset in Houston's Montrose district. Detailed tenant mix, debt and operating data should be confirmed against current program materials before publication.
Hines disclosed that Montrose Collective was sourced by Hines Global Income Trust, a public non-listed REIT sponsored by Hines.
The existence of Hines-affiliated sourcing or a potential sponsor-related exit mechanism should not be interpreted as a guaranteed future acquisition or liquidity event.
Alternative Investment Liquidity evaluates certain HREX 8 DST interests for potential direct private purchase or other secondary-market liquidity.
Potential Direct Private Purchase
Baron De Biltmore LLC
AIL Reviews Eligible Positions
Determined By Position Review
Property, Income, Debt, Exit Timing & Transferability
Subject To Documentation Review
Any potential purchase indication is separate from the investor's original investment amount, tax basis, account statement value, sponsor-related value, or projected future sale proceeds.
Potentially. A transfer depends on the governing trust documents and applicable sponsor, trustee, lender, purchaser-qualification, ownership and assignment requirements.
Legal transferability does not mean that a ready purchaser or continuous secondary market exists.
HREX offerings are designed for qualified investors, including investors seeking like-kind exchange treatment under Section 1031. A later private sale or transfer may have different tax consequences.
Alternative Investment Liquidity does not provide tax, legal, investment, accounting, or valuation advice.
A private transaction may provide potential liquidity for an investor who does not want to wait for a future property disposition or other sponsor-led event.
Potential buyers may evaluate property performance, tenant or resident quality, current income, debt, remaining hold period, sponsor communications and transfer requirements.
Learn more about the DST secondary market.
For a mixed-use asset, buyers may separately evaluate office, retail, hospitality or other components, occupancy, tenant quality, lease rollover, operating performance and local market demand.
Current loan balance, interest rate, maturity, debt service and lender restrictions should be reviewed from current program documents.
Current income, remaining holding period and potential sponsor-led disposition timing may affect buyer return requirements.
Position size, transfer requirements, execution risk and current private-market demand may influence pricing.
A recent investor statement is generally the best starting point. Other useful documents include the PPM, subscription agreement, Hines communications, distribution statements, property updates, financing information and transfer documents.
AIL reviews HREX 8 DST positions for potential liquidity, transferability, buyer interest and possible direct-purchase opportunities.
Research is based primarily on Hines' June 9, 2026 HREX 8 announcement and the related Hines Global Income Trust Form 8-K.
Program terms and operating information may change. Investors should review current governing documents and sponsor communications before relying on program-specific information.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST CONFIDENTIAL REVIEW