Top1031

ADREX Diversified 7 DST

Multifamily property · sponsored by Ares (ADREX)

HistoricalLast Form D, filed Apr 21, 2025, reports the offering fully sold (opens in a new tab)

ADREX Diversified 7 DST was a DST sponsored by Ares (ADREX) that owned a multifamily property. Its last Form D, filed Apr 21, 2025, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Apr 21, 2025, reports the offering fully sold.

Ares (ADREX) has 4 active offerings on record →

Key facts

Minimum investment
$500,000
From the Form D
Offering size
$315,450,000
Equity offered, per the Form D
Sold
100%
Form D, Apr 21, 2025; the % is our arithmetic
Investors reported
189
Form D, Apr 21, 2025
Selling commissions
$17,380,165 · 5.5% 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(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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: ADREX Diversified 7 DST. Top1031 is not a broker-dealer.

What did ADREX Diversified 7 DST own?

The Trust's Form D filings do not name a property, a portfolio, or a location, and the specific assets held by ADREX Diversified 7 DST are not disclosed in news, sponsor pages, or trade press. Ares Real Estate Exchange builds its exchange offerings around institutional-quality multifamily real estate, and the Trust is categorized here as multifamily. Property-level detail would sit in the offering documents.

Property size
$14,773,141 total offering

How was 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
$17,380,165 · 5.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$14,773,141 · 4.6% 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 persons.”
Broker-dealers named in the Form D
16 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Oct 9, 2024
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?

Two filings sit on the record: the original Form D and a single amendment. The issuer reported its first sale on October 9, 2024, and the amendment lowered the stated offering total from the $347,603,306 first filed. 1 Interests were offered under Rule 506(b), a private placement route that bars general advertising and reaches investors through existing relationships.

Legal Trust name
ADREX Diversified 7 DST
SEC CIK
2035570
First Form D
Sep 3, 2024
Latest Form D
Apr 21, 2025
Filings on record
2
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$315,450,000was $347,603,306
$315,450,000+$315,450,000
189
EDGAR
Form D$347,603,306
$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

What happened to ADREX Diversified 7 DST?
ADREX Diversified 7 DST is a Historical offering. The last Form D, filed Apr 21, 2025, reports the offering fully sold.
What property does ADREX Diversified 7 DST actually own?
The record does not say. Neither Form D filing names a property, and no news report, sponsor page, or trade press item identifies the assets held by this Trust. It is categorized as multifamily, consistent with the Ares exchange platform's focus on institutional-quality multifamily real estate, but the property, its location, and its unit count are only described in the Trust's offering documents.
What was the minimum investment?
Both Form D filings report a minimum outside investment of $500,000. That is high relative to many DST offerings, which often set minimums between $25,000 and $100,000 for 1031 exchange investors, and it points to an offering aimed at larger exchanges. Interests were sold only to accredited investors — those meeting SEC income or net-worth thresholds.
Is there a 721/UPREIT exit or known mortgage debt?
Neither is documented. The record carries no indication that this Trust may convert its interests into REIT operating-partnership units — the so-called 721 or UPREIT exit — and the filings disclose no lender, mortgage balance, or leverage level. Form D does not require property-level debt disclosure; those terms live in the offering documents and the trust agreement.

Sources

Show sources (4)Hide sources (4)

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.