ADREX Diversified 12 DST
Industrial property in Arizona, GA · sponsored by Ares (ADREX)
Active offeringLatest Form D filed Aug 31, 2026 (opens in a new tab)
ADREX Diversified 12 DST is a DST sponsored by Ares (ADREX) that owns an industrial property in Arizona, GA. Its latest Form D, filed Aug 31, 2026, lists a $537.9 million offering with a $500,000 minimum.
Key facts
A free account shows how much of each active offering has sold and the Sponsor Grade letters.- Minimum investment
- $500,000From the Form D
- Offering size
- $537,906,336Equity offered, per the Form D
- Sold so far
- Just launchedNone reported as of Aug 31, 2026Form D, Aug 31, 2026
- Selling commissions
- Form D Item 15; the % is our arithmetic$26,895,317 · 5.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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
A free account shows how much of each active offering has sold and the Sponsor Grade letters.Just launched
- Latest Form D
- Aug 31, 2026 · 1 filing
No sales reported in a Form D amendment yet. Latest notice Aug 31, 2026.
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Ask a 1031 specialist about this recordFree. About: ADREX Diversified 12 DST. Top1031 is not a broker-dealer.No photo on record. Location not stated in the SEC filings.
What does ADREX Diversified 12 DST own?
AltsWire reported on October 6, 2026 that the offering is built around industrial properties in Arizona, Georgia, Illinois, Texas and Washington, D.C. 2 Industrial means warehouse, distribution and light manufacturing space, typically leased to operating businesses on long terms. That geography describes the portfolio the offering is aimed at, a multi-state spread rather than a single building.
- Reported location
- Arizona, GA
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
- $26,895,317 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $22,861,019 · 4.2% of offeringForm D Item 16· The filing’s note: “Estimate includes Dealer Manager Fee, Facilitation Fee and Organization Expense and RE Transaction Cost Allowance.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Ares Wealth Management Solutions, LLC · CRD 119546
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.
Who's behind ADREX Diversified 12 DST?
The filing lists Ares Diversified Real Estate Exchange LLC as the sponsor of this Trust and ADREX Diversified 12 Manager LLC, an affiliated entity, as its manager. 1 That split is typical of a DST: the trust holds the real estate while an affiliated manager handles day-to-day decisions within the trust's limited powers.
- Sponsor
- Sponsor entity in the Form D
- Ares Diversified Real Estate Exchange LLC
- Manager
- ADREX Diversified 12 Manager LLC
- Depositor
- ADREX Diversified TRS LLC
- Offerings on record
What does the SEC record show?
- Legal Trust name
- ADREX Diversified 12 DST
- SEC CIK
- 2152215
- First Form D
- Aug 31, 2026
- Latest Form D
- Aug 31, 2026
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $537,906,336 | $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 12 DST an active offering?
- ADREX Diversified 12 DST is an Active offering: its latest Form D was filed Aug 31, 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.
- What kind of real estate is this Trust built around?
- Industrial property, the warehouse, distribution and light manufacturing category. AltsWire reported on October 6, 2026 that the offering covers industrial properties spanning Arizona, Georgia, Illinois, Texas and Washington, D.C. That description sets out the portfolio the offering is aimed at rather than a list of individual buildings.
- Who sponsors ADREX Diversified 12 DST?
- Ares Diversified Real Estate Exchange LLC is named as the sponsor in the SEC Form D filed August 31, 2026. The same filing names ADREX Diversified 12 Manager LLC as the manager of the trust. Ares Diversified Real Estate Exchange, shortened to ADREX, is the Ares entity used for these exchange trusts.
- What minimum investment does the filing state?
- The SEC Form D filed August 31, 2026 reports a $500,000 minimum investment accepted from an outside investor. Sponsors often set different minimums for 1031 exchange money and for cash investors, and the offering documents govern the actual terms of any subscription.
- How may interests in this Trust be offered?
- Under Rule 506(b), the private placement exemption claimed in the August 31, 2026 Form D. That exemption bars general advertising and limits sales essentially to accredited investors, people who meet SEC income or net worth tests, so investors typically learn of the offering through an existing relationship with the sponsor or a representative.
- Why does a DST work as 1031 replacement property?
- A Delaware statutory trust holds title to the real estate and investors buy beneficial interests in the trust. Under IRS Revenue Ruling 2004-86, an interest in a properly structured DST is treated as a direct interest in real estate, which is what allows it to serve as replacement property in a 1031 exchange.
- When was the Trust organized, and when did its offering notice appear?
- The issuer is recorded as a Delaware statutory trust organized in 2026, and its first Form D, the notice an issuer files with the SEC for a private offering, carries a filing date of August 31, 2026. That filing is an original notice rather than an amendment to an earlier one.
In the news
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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.