721 UPREIT DST offerings

11 active offerings

1031 DST offerings that plan to swap into REIT units instead of selling — the 721 exchange, or UPREIT — as reported by the sponsor.

Data updated Oct 16, 2026
11 active offerings
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PropertyOfferingsizeAmount soldFinancingSponsor Grade☆Compare
Blue Owl OREX VI DSTIndustrialMulti-state (6)
$342.9M
$264.7MFiled Oct 9, 2026
All cash. This offering reports no mortgage debt.Grade
NRNo program finished yet
FSX Industrial 35IndustrialTifton, GA
$35.7M
Filed Jul 30, 2026
Leveraged. This offering reports mortgage debt on the property.Grade
C1 loss · 4 completed sales
Grand Rapids FacilityIndustrialGrand Rapids, Michigan
$28.6M
Filed Jul 14, 2026
Leveraged. This offering reports mortgage debt on the property.Grade—
$14.6M
$7.7MFiled May 27, 2026
All cash. This offering reports no mortgage debt.Grade
B0 losses · 7 completed sales
NREX II DSTIndustrialMulti-state (3)
$116.6M
Filed Apr 15, 2026
Not stated. The filings for this offering do not say whether it carries mortgage debt.Grade—
Example record — amount sold shown
$66.1M
$62.5MFiled Sep 11, 2025
All cash. This offering reports no mortgage debt.Grade
NRNo program finished yet
$12.1M
$9.2MFiled Mar 16, 2026
All cash. This offering reports no mortgage debt.Grade
B0 losses · 7 completed sales
$6.9M
$1.4MFiled Jan 23, 2026
All cash. This offering reports no mortgage debt.Grade
B0 losses · 7 completed sales
$10.0M
$8.0MFiled Jan 22, 2026
All cash. This offering reports no mortgage debt.Grade
B0 losses · 7 completed sales
New Mexico distribution centerIndustrialTularosa, NM
$5.5M
$2.1MFiled Jan 7, 2026
All cash. This offering reports no mortgage debt.Grade
B0 losses · 7 completed sales
Blue Owl OREX III DSTIndustrialMulti-state (6)
$103.0M
$97.4MFiled Oct 23, 2025
All cash. This offering reports no mortgage debt.Grade
NRNo program finished yet

4 recently fully subscribed offerings are not counted above: each still has an SEC filing in the last 15 months, but its source record says it is sold out.See the 4 recently fully subscribed

See how much of each offering has sold

A free account shows how much of each offering has sold and every sponsor's Grade with its evidence. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

No credit card · For accredited investorsDST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.

NR Not rated. NR is not a failing grade.— No Top1031 record card is published for this sponsor.Read how these grades are made.

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.