Blue Owl OREX IV DST

Reported ≥90% raisedNet lease
Talk to a 1031 specialistData updated Mar 11, 2026
Offering size$247.2M
Asset typeNet Lease
LocationMulti-state
FinancingLeveraged
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitYes
First filedOct 3, 2025
Last filedMar 11, 2026
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 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.

$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

About Form D raise progress

Top1031 compares the amount reported sold with the stated offering amount in issuer-filed Form D notices through Mar 11, 2026.

  • 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 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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SEC filing recordMatched to public SEC filings
First filedOct 3, 2025
Latest filingMar 11, 2026
Filings tracked9
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 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

Sources (3)

In the news

Frequently asked questions

Is Blue Owl OREX IV DST currently active?

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.