Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ADREX Diversified 5 DST combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
How did it end?
No sale or other ending on record
No full-cycle or disposition announcement found; the trust completed its $219.05M equity raise per Form D/A filed Oct 16, 2024 (Total Remaining to be Sold = $0), and the underlying diversified property portfolio remains in operation absent any sale/721 exchange/foreclosure news on AltsWire, Connect CRE, Blue Vault, or Ares' newsroom [6][7][3].
Ares Real Estate Exchange (ADREX) is a multifamily-focused sponsor program. No public press release, trade-press article, or term sheet for the specific 'Diversified 5' trust was located. The offering closed within ~8 months of its first filing.
Who's behind it?
- Sponsor
- Ares (ADREX)
- Legal Trust name
- ADREX Diversified 5 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 17 total offerings from Ares (ADREX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to ADREX Diversified 5 DST?
Top1031 lists ADREX Diversified 5 DST as historical. It is no longer raising money.
Where does Top1031 get the data for ADREX Diversified 5 DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.