Top1031
Blue Owl OREX VI DST
6 net lease properties in 6 states · sponsored by Blue Owl
Blue Owl OREX VI DST is a DST sponsored by Blue Owl that owns 6 net lease properties in 6 states. Its latest Form D, filed Oct 9, 2026, lists a $342.9 million offering with a $250,000 minimum.
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $342,909,896Equity offered, per the Form D
- Sold so far
- Form D, Oct 9, 2026; the % is our arithmetic77.1%
- Investors reported
- Form D, Oct 9, 2026219
- Selling commissions
- Form D Item 15; the % is our arithmetic$20,574,594 · 6.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- 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 →
Sales so far
- Latest Form D
- Oct 9, 2026 · 10 filings
- First sale
- May 21, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $264,652,659
- Not yet sold
- $78,257,237
- Investors
- 219
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
77.1% of $342,909,896 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $57.1 million a month
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Ask a 1031 specialist about this recordFree. About: Blue Owl OREX VI DST. Top1031 is not a broker-dealer.No photo on record. Multiple property locations are on record; no single map.
What does Blue Owl OREX VI DST own?
The Trust owns net leased buildings, reported as a mix of industrial and retail. AltsWire, covering May 2026 DST launches, placed them in Alabama, Missouri, Oklahoma, Rhode Island, South Carolina, Virginia and Wisconsin, a seven state footprint one state wider than the address list in the Trust's own filings. 2
- Reported location
- Multi-state (6)
- Property size
- 7-state net lease portfolio
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
The properties were bought with equity alone, with no mortgage: no lender, no debt service, no maturity date to refinance, and no foreclosure risk. An unleveraged trust also supplies no mortgage debt to an investor replacing debt from a sold property.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
- Yes
Costs and terms from the Form D
- Selling commissions
- $20,574,594 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $5,143,648 · 1.4% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of expense reimbursements that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 10 named in the Form D
Show the firms
- Aurora Securities · CRD 46147
- DFPG Investments, LLC · CRD 155576
- Kestra Investment Services, LLC · CRD 42046
- MML Investor Services, LLC · CRD 10409
- Merrill Lynch, Pierce, Fenner & Smith Incorporated · CRD 7691
- Morgan Stanley · CRD 149777
- RBC Capital Markets, LLC · CRD 31194
- Raymond James Financial Services, Inc. · CRD 6694
- Realized Financial, Inc. · CRD 22333
- Sanctuary Securities, Inc. · CRD 205
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 21, 2026
- Minimum investment
- $250,000
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.
Who's behind Blue Owl OREX VI DST?
The sponsor is Blue Owl; its Form D names Blue Owl Real Estate Exchange LLC as sponsor and Blue Owl Real Estate Exchange DST Manager LLC as manager and signatory trustee. 1 The American Reporter reported on April 15, 2026 that Blue Owl had climbed to third place in the 1031 DST market in under three months. The Trust is structured for a 721 exit into Blue Owl Real Estate Net Lease Trust, the firm's net lease REIT.
- Sponsor
- Sponsor entity in the Form D
- Blue Owl Real Estate Exchange LLC
- Manager and signatory trustee
- Blue Owl Real Estate Exchange DST Manager LLC
- Depositor
- Blue Owl Real Estate Exchange Depositor LLC
- Offerings on record
What does the SEC record show?
The first Form D, the SEC's brief notice of securities sold without registration, opened the Offering; later amendments have refreshed the reported figures without changing the stated offering size. Interests are offered under Rule 506(b), meaning no general advertising and purchases limited to accredited investors.
- Legal Trust name
- Blue Owl Real Estate Exchange VI DST
- SEC CIK
- 2135424
- First Form D
- Jun 4, 2026
- Latest Form D
- Oct 9, 2026
- Filings on record
- 10
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $342,909,896 | $264,652,659+$48,578,179 | 219+32 | EDGAR | |
| Form D/A | $342,909,896 | $216,074,480+$57,920,833 | 187+32 | EDGAR | |
| Form D/A | $342,909,896 | $158,153,647+$38,607,591 | 155+39 | EDGAR | |
| Form D/A | $342,909,896 | $119,546,056+$25,785,580 | 116+36 | EDGAR | |
| Form D/A | $342,909,896 | $93,760,476+$51,650,692 | 80+40 | EDGAR | |
| Form D/A | $342,909,896 | $42,109,784+$4,161,388 | 40+10 | EDGAR | |
| Form D/A | $342,909,896 | $37,948,396+$21,124,094 | 30+15 | EDGAR | |
| Form D/A | $342,909,896 | $16,824,302+$2,429,836 | 15+5 | EDGAR | |
| Form D/A | $342,909,896 | $14,394,466+$9,591,439 | 10+6 | EDGAR | |
| Form D | $342,909,896 | $4,803,027 | 4 | EDGAR |
Show all 10 SEC Form D filings
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
- Is Blue Owl OREX VI DST an active offering?
- Blue Owl OREX VI DST is an Active offering: its latest Form D was filed Oct 9, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Does Blue Owl OREX VI DST have a 721 UPREIT exit?
- The record lists a possible 721 exit for Blue Owl OREX VI DST. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- What does Blue Owl OREX VI DST own?
- A portfolio of net leased buildings, reported as industrial and retail. AltsWire, covering May 2026 DST launches, placed the properties in Alabama, Missouri, Oklahoma, Rhode Island, South Carolina, Virginia and Wisconsin. A Form D does not require property-level detail, so the building-by-building schedule appears in the offering documents rather than in the SEC record.
- Does the Trust have a mortgage on the properties?
- No. The Trust is all cash, so no lender holds a loan against the buildings, there is no debt service, and there is no loan maturity or refinancing date. For a 1031 exchange, it also means the Trust passes through no mortgage debt to an investor who carried debt on the property they sold.
- What is the minimum investment, and who can buy in?
- The Form D filings report a $250,000 minimum. The Offering is made under Rule 506(b), which bars general advertising and limits purchases to accredited investors, broadly $1 million of net worth excluding a primary residence, or $200,000 of annual income ($300,000 with a spouse).
- Who sponsors the Trust?
- Blue Owl. The Form D names Blue Owl Real Estate Exchange LLC as the sponsor and Blue Owl Real Estate Exchange DST Manager LLC as manager and signatory trustee. The American Reporter reported on April 15, 2026 that Blue Owl had reached third place in the 1031 DST market within three months of entering it. This is the sixth trust in the sponsor's exchange series.
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.