Minimum investment
$500k
Offering size
$436.6M
How much has sold
100.0%
Asset type
Multifamily property
Location
Not stated
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ADREX Diversified 9 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.
Show sources (3)Hide sources (3)
These links support the historical public record; individual details may come from different 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?
- Property size
- Targeted more than $167 million in equity (reported by AltsWire); Form D amendment filed March 2, 2026 shows $436,650,000 raised of up to $481,157,025 offered.
How did it end?
No sale or other ending on record
No disposition or full-cycle event has been publicly reported; SEC EDGAR shows only Form D filings (original May 28 2025, amended Mar 2 2026) and the trust is in its initial operating period well within its typical 5-10 year DST hold window (sec.gov EDGAR CIK 2070119).
Sponsor Ares Diversified Real Estate Exchange LLC is headquartered at 1200 17th Street, Suite 2900, Denver, CO 80202. Underlying asset class (multifamily per AltsWire), specific properties, addresses, unit counts, and square footage were not publicly disclosed in the reviewed articles. The AltsWire article identified the trust as an Arizona/California multifamily portfolio; underlying assets and specific locations remain undisclosed in public sources.
Targeted more than $167 million in equity (reported by AltsWire); Form D amendment filed March 2, 2026 shows $436,650,000 raised of up to $481,157,025 offered.Supporting evidence
Who's behind it?
- Sponsor
- Ares (ADREX)
- Legal Trust name
- ADREX Diversified 9 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.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- 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 9 DST?
Top1031 lists ADREX Diversified 9 DST as historical. It is no longer raising money.
Where does Top1031 get the data for ADREX Diversified 9 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.
Chapter 7DST Fundraising Off to a Steady Start in 2025 Despite 12.5% Decrease Month-to-MonthIndustry roundup identifying ADREX Diversified 9 DST as a multifamily offering sponsored by Ares Diversified Real Estate Exchange LLC that targeted more than $167 million in equity in February 2025.