Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Blue Owl Real Estate Exchange I (OREX I) — industrial 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 (2)Hide sources (2)
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
- Undisclosed individual property portfolio; OREX I program aggregate ~$92.7M (2023)
How did it end?
No sale or other ending on record
No public disposition or 721/UPREIT conversion announcement has been issued for Blue Owl Real Estate Exchange I DST; Blue Owl's OREX program structure permits conversion into ORENT OP units only after a two-year investor hold (which would not occur until ~Feb 2027 for OREX I), and no full-cycle press release naming OREX I was found on AltsWire, PR Newswire, sponsor newsrooms, or Blue Vault Partners [1][2][3].
OREX I DST is Blue Owl's first 1031-eligible industrial DST program structured to feed assets into ORENT (later ORENT/OREX series). Launched in 2023. SEC Form D filing window ran December 22, 2023 to February 14, 2025. No specific property address publicly disclosed in available sources.
Undisclosed individual property portfolio; OREX I program aggregate ~$92.7M (2023)Who's behind it?
- Sponsor
- Blue Owl
- Legal Trust name
- Blue Owl Real Estate Exchange I DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 5 active / 6 total offerings from Blue Owl
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.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 13
- 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 Blue Owl Real Estate Exchange I (OREX I) — industrial?
Top1031 lists Blue Owl Real Estate Exchange I (OREX I) — industrial as historical. It is no longer raising money.
Where does Top1031 get the data for Blue Owl Real Estate Exchange I (OREX I) — industrial?
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.