Hines Concludes $194 Million DST for Cincinnati's Rookwood Shopping Center

Deal News | May 19, 2025 | Hines Interests LP

Hines Concludes $194 Million DST for Cincinnati's Rookwood Shopping Center

Hines Private Wealth Solutions has announced the completion of a $194 million Delaware Statutory Trust (DST) involving the Rookwood shopping centers in Cincinnati, Ohio. This DST was engineered to support investors' 1031 exchange needs, providing a strategic opportunity for property owners looking to defer capital gains and diversify real estate holdings through internal revenue code allowances. Rookwood comprises Rookwood Commons and Rookwood Pavilion, featuring a diverse retail mix. Sourced by Hines Global Income Trust, the asset marks a robust investment in the retail sector, emphasizing Hines' commitment to dynamic markets. The offering is not a public solicitation for investment, but a tailored financial solution for certain qualified investors.

Sectors

  • Real Estate Investment
  • Financial Services

Geography

  • United States – The transaction involves a key property, Rookwood, located in Cincinnati, Ohio, USA, underlining a domestic US investment.

Industry

  • Real Estate Investment – The article discusses a significant transaction involving real estate investment through a Delaware Statutory Trust (DST), highlighting investment in commercial retail properties.
  • Financial Services – The article addresses financial strategies for tax deferment and investment diversification, aligning with services provided by wealth management and investment firms.

Financials

  • $194 Million – The value of the Delaware Statutory Trust structured around the Rookwood shopping centers.
  • $90.1 Billion – The total value of assets owned and managed by Hines as of December 31, 2024.
  • $4.58 Billion – The portfolio value of Hines Global Income Trust as of April 30, 2025.

Participants

NameRoleTypeDescription
Hines Private Wealth Solutions LLCArranger of the DSTCompanyA subsidiary involved in managing and structuring the Delaware Statutory Trust for investors.
Hines Global Income Trust, Inc.Sourcing the AssetCompanyA REIT that sourced the Rookwood asset for the DST, with a diverse portfolio focus.
RookwoodAsset Included in DSTCompanyA premier shopping destination in Cincinnati, Ohio, included in the Delaware Statutory Trust.
Alfonso MunkSpokespersonPeoplePresident of HGIT and Co-Head of Investment Management at Hines, providing insights on the transaction.