Top1031

ADREX Diversified 8 (multi-state industrial portfolio)

Industrial property · sponsored by Ares (ADREX)

HistoricalLast Form D, filed Oct 20, 2025, reports the offering fully sold (opens in a new tab)

ADREX Diversified 8 (multi-state industrial portfolio) was a DST sponsored by Ares (ADREX) that owned an industrial property. Its last Form D, filed Oct 20, 2025, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Oct 20, 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
$395,200,000
Equity offered, per the Form D
Sold
100%
Form D, Oct 20, 2025; the % is our arithmetic
Investors reported
239
Form D, Oct 20, 2025
Selling commissions
$21,774,105 · 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 →

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Ask a 1031 specialist about this recordFree. About: ADREX Diversified 8 (multi-state industrial portfolio). Top1031 is not a broker-dealer.

What did the Trust own?

The Trust's public filings name no addresses, cities, or tenants. AltsWire, in a recap of February 2025 DST fundraising published March 16, 2025, described the Trust as a six-state industrial portfolio and one of the month's largest new DST programs. 2 Beyond that description, the individual buildings, their markets, and their acquisition history have not been publicly disclosed.

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
$21,774,105 · 5.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$18,507,988 · 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
21 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Feb 18, 2025
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 reported February 18, 2025 as the date of its first sale of interests, offered under Rule 506(b) — a private placement made to investors the sponsor already has a relationship with, without general advertising. 3 Two later amendments tracked the raise and then revised the stated offering size downward as the offering closed.

Legal Trust name
ADREX Diversified 8 DST
SEC CIK
2053153
First Form D
Jan 24, 2025
Latest Form D
Oct 20, 2025
Filings on record
3
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$395,200,000was $435,482,094
$395,200,000+$61,355,247
239+48
EDGAR
Form D/A$435,482,094
$333,844,753+$333,844,753
191
EDGAR
Form D$435,482,094
$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 8 (multi-state industrial portfolio)?
ADREX Diversified 8 (multi-state industrial portfolio) is a Historical offering. The last Form D, filed Oct 20, 2025, reports the offering fully sold.
What does ADREX Diversified 8 DST actually own?
The Trust's SEC filings do not identify any properties, addresses, or tenants. The only public description located comes from AltsWire's February 2025 DST fundraising recap, published March 16, 2025, which characterized the Trust as a six-state industrial portfolio sponsored by Ares Diversified Real Estate Exchange. Specific markets and buildings were not disclosed in that coverage.
How was the portfolio financed?
The public record does not say. Form D filings do not disclose mortgage debt, lender identity, or loan-to-value, and no sponsor document establishing the Trust's capitalization was located in research. Whether the Trust is leveraged or all-cash cannot be confirmed from the filings available.
Is there a 721/UPREIT exit — a swap of DST interests for operating-partnership units in a REIT?
Nothing in the record indicates this Trust carries a REIT conversion feature. A 721 exchange, sometimes called an UPREIT, lets a DST's property be contributed to a REIT's operating partnership in exchange for units. Investors should confirm the exit mechanics in the Trust's offering documents.

In the news

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.