ADREX Diversified 7 DST
Multifamily property — sponsored by Ares (ADREX)
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
ADREX Diversified 7 DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can serve as replacement property in a 1031 exchange — organized in 2024 and sponsored by Ares Diversified Real Estate Exchange LLC.1 It is categorized as multifamily, but no public filing names the underlying property. The Offering is closed to new investors, with its latest Form D amendment filed April 21, 2025.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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 private placement memorandum (PPM), the offering's confidential disclosure document.
- Property size
- $14,773,141 total offering
How did it end?
Still operating
ADREX Diversified 7 DST filed its first Form D on September 3, 2024 (CIK 2035570, sponsor: Ares Diversified Real Estate Exchange LLC, address: 1200 17th Street Suite 2900, Denver, CO 80202). Offering amount: $14,773,141. Ares Real Estate Exchange (AREX) is a sponsor that focuses on institutional-quality multifamily investments for 1031 exchange / DST investors; the specific properties held by ADREX Diversified 7 DST are not publicly disclosed in news, sponsor pages, or trade press.
$14,773,141 total offeringWho's behind it?
The issuer identified Ares Diversified Real Estate Exchange LLC — the Ares exchange platform, known as AREX — as its sponsor, filing from 1200 17th Street, Suite 2900, Denver, Colorado.2 The platform assembles institutional-quality multifamily real estate for 1031 exchange and DST investors. No public news or sponsor disclosure specific to this Trust surfaced in research, including any report of a sale or other disposition.
- Sponsor
- Ares (ADREX)
- May convert to a REIT
- No
- Offerings from this sponsor
- 5 active / 18 total offerings from Ares (ADREX)
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- ADREX Diversified 7 DST
- Filings on record
- 2
- 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 7 DST?
ADREX Diversified 7 DST is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for ADREX Diversified 7 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.
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 private placement memorandum (PPM).
Can I still invest in this Trust?
No. The Offering is closed to new investors. The most recent filing on record is a Form D amendment dated April 21, 2025, which reported the raise complete; there is no later filing reopening it. Sponsors sometimes have other, newer offerings raising capital, but each is a separate Trust with its own property, terms, and paperwork.
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.
What does Rule 506(b) mean for how this was sold?
Rule 506(b) is the private placement exemption that lets an issuer raise unlimited capital without registering with the SEC, provided it does not advertise publicly. Offerings sold this way reach investors through pre-existing relationships with the sponsor or its selling broker-dealers, which is why 506(b) DSTs rarely appear in public marketing materials.
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 PPM and the trust agreement.