Is Blue Owl OREX III DST an active DST offering?

Blue Owl OREX III DST is classified by Top1031 as an active offering. Active does not confirm that interests remain available.

Where does the data for Blue Owl OREX III DST come from?

Top1031 tracks Blue Owl OREX III DST from SEC Form D filings and cited sponsor disclosures.

Blue Owl OREX III DST

Legal trust name Blue Owl Real Estate Exchange III DST

Reported ≥90% raisedIndustrial

Offering size$103.0M

Asset typeIndustrial

LocationFL

FinancingAll cash

Regulation D exemptionRule 506(b)

Sponsor-reported potential 721/UPREIT exitYes

First filedJun 11, 2025

Last filedOct 23, 2025

Minimum$250k

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.

Blue Owl OREX III DST, formally Blue Owl Real Estate Exchange III DST, is a Delaware statutory trust offering sponsored by Blue Owl. In an issuer-filed Form D/A dated October 23, 2025, the trust reported cumulative amounts sold of $97,382,324 against a stated maximum offering of $103,008,086, filed under SEC EDGAR CIK 2068898. Top1031's structured record classifies the program as a Section 721 exchange structure.

~$103M raise; Blue Owl DSTs all-cash (0% LTV); 721 UPREIT exit into ORENT; street addresses not public

Form D raise progress
About Form D raise progress
Top1031 compares the amount reported sold with the stated offering amount in issuer-filed Form D notices through Oct 23, 2025.
Amounts are self-reported by the issuer and may be amended.
Filings can lag current subscriptions and do not confirm that interests remain available.
A Form D notice does not mean the SEC approved, endorsed, or verified the offering.
Latest Form D filed Oct 23, 2025

Based on issuer-filed Form D notices through Oct 23, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Reported sold as a percentage of stated offering amount95.0%

Capital sold, per latest Form D$97,382,324

Remaining amount reported in latest Form D$5,625,762

Investor count reported in latest Form D101

Stated minimum investment$250,000

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SEC filing recordMatched to public SEC filings

First filedJun 11, 2025

Latest filingOct 23, 2025

Filings tracked8

View filing on SEC EDGAR

Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.

Offering profile

SEC filings + cited sourcesUpdated Jul 13, 2026

Blue Owl OREX III DST is the Top1031 display name for Blue Owl Real Estate Exchange III DST, a Delaware statutory trust sponsored by Blue Owl ². Top1031's structured record classifies the offering as a Section 721 exchange structure ².

In an issuer-filed Form D/A dated October 23, 2025, the trust reported cumulative amounts sold of $97,382,324 against a stated maximum offering of $103,008,086 ¹.

Sources (2)

sec.gov ↗Oct 23, 2025
Top1031 structured record ↗Oct 23, 2025

In the news

Jul 11, 2026DST Equity Raise Drops 19% in July but Still on Track for $7.5B by Year's EndIndustry-wide DST fundraising data for July 2026 provides context for Blue Owl OREX III FL industrial portfolio subscription progress.

AltsWire ↗

Jul 1, 2026Funds Managed by Blue Owl Capital Complete Acquisition of Sila Realty TrustBlue Owl Capital funds completed the $2.4 billion acquisition of net-lease healthcare REIT Sila Realty Trust after stockholders approved the merger on June 26, 2026.

PR Newswire (Blue Owl Capital) ↗

Apr 15, 2026Blue Owl Capital Vaults to No. 3 in the 1031 DST Market in Less Than Three MonthsIndustry-wide profile of Blue Owl OREX's rise to third place in the DST market by mid-March 2026 with ~$207 million raised YTD, referencing the full OREX platform including OREX III.

The American Reporter ↗

Apr 6, 2026DST Fundraising Reaches $2.44 Billion in Q1 2026, Up 34% Year-Over-YearAltsWire reports total Q1 2026 DST fundraising hit $2.44B, with Mountain Dell projecting $10B-$11B for full-year 2026; the article provides aggregate sponsor-level context that includes OREX III's fundraising contribution.

AltsWire ↗

Feb 4, 2026Mountain Dell Reports More Than $714M in DST Sales to Start 2026AltsWire's monthly Mountain Dell industry report cites Blue Owl Real Estate Exchange's year-to-date January 2026 tally of approximately $91.06 million (12.7% market share), aggregate activity that includes OREX III among the platform's active offerings.

AltsWire ↗

Frequently asked questions

Is Blue Owl OREX III DST currently active?

Blue Owl OREX III DST is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.

Where does Top1031 get the data for Blue Owl OREX III DST?

Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.

In the news

Frequently asked questions

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