Top1031

ADREX Diversified 11 DST

Diversified portfolio · sponsored by Ares (ADREX)

Active offeringLatest Form D filed Feb 27, 2026 (opens in a new tab)

ADREX Diversified 11 DST is a DST sponsored by Ares (ADREX) that owns a diversified portfolio. Its latest Form D, filed Feb 27, 2026, lists a $476.3 million offering with a $500,000 minimum.

Key facts

Minimum investment
$500,000
From the Form D
Offering size
$476,308,540
Equity offered, per the Form D
Sold so far
None reported as of Feb 27, 2026
Form D, Feb 27, 2026
Selling commissions
$23,815,427 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Sales so far

Latest Form D
Feb 27, 2026 · 1 filing

No sales reported in a Form D amendment yet. Latest notice Feb 27, 2026.

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Ask a 1031 specialist about this recordFree. About: ADREX Diversified 11 DST. Top1031 is not a broker-dealer.

No photo on record. Location not stated in the SEC filings.

What does ADREX Diversified 11 DST own?

Ares Real Estate Income Trust, the sponsor's non-traded REIT, listed ADREX Diversified 11 DST among its subsidiaries as of December 31, 2025, months before the offering notice. 2 The Trust is classified as a diversified portfolio drawn from that REIT, and the Ares DST program targets industrial and logistics, multifamily and self-storage property types.

How is it financed, and what did it cost to sell?

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$23,815,427 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$20,243,113 · 4.2% of offering
Form D Item 16
· The filing’s note: “Estimate includes Dealer Manager Fee, Facilitation Fee and Organizational Exp. and RE Transaction Cost Allowance that may accrue to one or more related person.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$500,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

The Trust was organized as a Delaware statutory trust in 2025, and its offering notice to the SEC followed. 1 Under the exemption claimed, the offering may be advertised openly, but each buyer's accredited status, an income or net worth test, is verified by the sponsor rather than self-certified.

Legal Trust name
ADREX Diversified 11 DST
SEC CIK
2114444
First Form D
Feb 27, 2026
Latest Form D
Feb 27, 2026
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$476,308,540
$0
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

Is ADREX Diversified 11 DST an active offering?
ADREX Diversified 11 DST is an Active offering: its latest Form D was filed Feb 27, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
Who sponsors ADREX Diversified 11 DST, and who runs it?
Ares Diversified Real Estate Exchange LLC is the named sponsor, according to the Trust's Form D filed February 27, 2026. The same filing names ADREX Manager LLC as manager and signatory trustee, and ADREX Diversified 11 TRS LLC as depositor. Ares Diversified Real Estate Exchange is the 1031 exchange arm of Ares' real estate business.
What type of real estate is behind this Trust?
It is a diversified portfolio sourced from Ares Real Estate Income Trust, the sponsor's non-traded REIT, which listed ADREX Diversified 11 DST among its subsidiaries in its subsidiary exhibit as of December 31, 2025. The Ares DST program targets industrial and logistics, multifamily and self-storage assets.
What is the minimum investment?
$500,000 from an outside investor, as stated in the Form D filed February 27, 2026. A Form D is the short notice an issuer files with the SEC for a private offering, and it reports terms such as the minimum rather than property details.
When was the Trust formed, and what is on file?
The Trust identified itself as a Delaware statutory trust organized in 2025 in its Form D, which was filed with the SEC on February 27, 2026. That notice is the Trust's filing of record and sets out the offering terms, the sponsor, the manager and the depositor.

Sources

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These links support the record as a whole; individual details may come from different sources.

DST 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.