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 IV DST, formally Blue Owl Real Estate Exchange IV DST, is a Delaware statutory trust sponsored by Blue Owl Real Estate Exchange LLC. Blue Owl Real Estate Exchange DST Manager LLC serves as manager and trustee, and Blue Owl Real Estate Exchange Depositor LLC is the depositor. The trust filed an initial Form D on October 3, 2025 and an amended notice on March 11, 2026 reporting a total offering amount of $247,169,811, of which $232,289,994 had been sold as of that filing.
Net leaseNo photo on recordNo property photo available
$247M offering; only $885k unsold by mid-Mar 2026 after 188 days (near-fully subscribed); 0% LTV; 721 exit to ORENT
Form D raise progress Latest Form D filed Mar 11, 2026
Based on issuer-filed Form D notices through Mar 11, 2026. 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 amount94.0%
Capital sold, per latest Form D$232,289,994
Remaining amount reported in latest Form D$14,879,817
Investor count reported in latest Form D136
Stated minimum investment$250,000
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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 sources
Identity and sponsorship
Blue Owl OREX IV DST is the display name for Blue Owl Real Estate Exchange IV DST, a Delaware statutory trust. 3 Its Form D names Blue Owl Real Estate Exchange LLC as sponsor, Blue Owl Real Estate Exchange DST Manager LLC as manager and trustee, and Blue Owl Real Estate Exchange Depositor LLC as depositor; Neena Reddy is listed as General Counsel and Secretary. 1
Offering record
The issuer filed an initial Form D on October 3, 2025 and an amended notice on March 11, 2026. The amended notice reports a total offering amount of $247,169,811 with $232,289,994 sold as of that date. 2
Mountain Dell Reports More Than $714M in DST Sales to Start 2026Industry round-up reports Blue Owl Real Estate Exchange raised approximately $91.06 million in January 2026 (12.7% market share), aggregate activity across the OREX platform that includes OREX IV retail.
Blue Owl OREX IV 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 IV 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.