Top1031

34 Market Street

Industrial property in Everett, MA · sponsored by Brookfield

Active offeringLatest Form D filed Sep 17, 2026 · 11 filings since May 22, 2026 (opens in a new tab)

34 Market Street is a DST sponsored by Brookfield that owns an industrial property in Everett, MA. Its latest Form D, filed Sep 17, 2026, lists a $80 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$80,055,365
Equity offered, per the Form D
Sold so far
99.4%
Form D, Sep 17, 2026; the % is our arithmetic
Investors reported
119
Form D, Sep 17, 2026
Selling commissions
$5,603,876 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
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
Sep 17, 2026 · 11 filings
First sale
May 4, 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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Sep 17, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$79,634,813
Not yet sold
$420,552
Investors
119

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

99.4% of $80,055,365 sold, calculated by Top1031 from the Form D

Average since first sale
about $17.8 million a month
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Ask a 1031 specialist about this recordFree. About: 34 Market Street. Top1031 is not a broker-dealer.
34 Market Street image 1 of 3

34 Market Street · Everett, MA · Photo: brookfieldreit.com

City-level mapEverett, MA metroMap shows the city, not the exact address.

What does 34 Market Street own?

Brookfield Real Estate Income Trust, the sponsor's affiliated non-traded REIT, reported acquiring the property in March 2026 for approximately $155 million. 2 Connect CRE identified The Davis Companies, a Boston investor, as the seller. 3 The Boston Business Journal reported on April 8, 2026 that the 18-acre site just north of downtown Boston was formerly the Boston Market Terminal produce market.

Property address
34 Market Street, Everett, MA
Property size
222k SF

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%10.1%99.4%May 22, 2026Sep 17, 20260%50%100%10.1%99.4%May 22, 2026Sep 17, 2026

How is it financed, and what did it cost to sell?

Leveraged means the property carries mortgage debt alongside investor equity, secured by the building, with the lender's claim ranking ahead of investors'. The offering summary posted by Baker 1031 reports an $84 million acquisition loan from PNC Bank. 4

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$5,603,876 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$400,277 · 0.5% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of offering and organizational expenses that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
11 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
May 4, 2026
Minimum investment
$100,000

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.

What does the SEC record show?

The Trust noticed the offering on Form D — the short SEC notice an exempt private placement files — then amended it repeatedly, each amendment restating cumulative sales and investor count as of its date, with first sale reported as May 4, 2026. 5 No amendment on record reports the offering fully sold.

Legal Trust name
BREX Net Lease Industrial I DST
SEC CIK
2136660
First Form D
May 22, 2026
Latest Form D
Sep 17, 2026
Filings on record
11
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$80,055,365
$79,634,813+$3,304,099
119+6
EDGAR
Form D/A$80,055,365
$76,330,714+$1,393,346
113+3
EDGAR
Form D/A$80,055,365
$74,937,368+$2,866,222
110+9
EDGAR
Form D/A$80,055,365
$72,071,146+$5,721,564
101+11
EDGAR
Form D/A$80,055,365
$66,349,582+$20,561,476
90+12
EDGAR
Form D/A$80,055,365
$45,788,106+$3,959,221
78+12
EDGAR
Form D/A$80,055,365
$41,828,885+$6,757,214
66+10
EDGAR
Form D/A$80,055,365
$35,071,671+$3,363,226
56+10
EDGAR
Form D/A$80,055,365
$31,708,445+$20,357,791
46+27
EDGAR
Form D/A$80,055,365
$11,350,654+$3,201,137
19+6
EDGAR
Form D$80,055,365
$8,149,517
13
EDGAR
Show all 11 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 34 Market Street an active offering?
34 Market Street is an Active offering: its latest Form D was filed Sep 17, 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.
What does this Trust actually own?
A single warehouse and distribution building at 34 Market Street in Everett, Massachusetts, just outside Boston. The offering summary posted by Baker 1031 identifies the asset as the 221,999-square-foot warehouse at that address, which Brookfield rounds to 222,000 square feet. The Boston Business Journal reported on April 8, 2026 that the 18-acre site was formerly the Boston Market Terminal produce market. The offering documents govern what the Trust holds.
Who is the tenant, and what does the lease look like?
Brookfield Real Estate Income Trust's April 15, 2026 prospectus supplement reported the building fully triple-net leased to an investment-grade tenant with 12 years of term remaining. The offering summary posted by Baker 1031 reports the building 100% leased to Amazon.com Services LLC, guaranteed by Amazon.com, Inc., with 2.5% annual rent increases. Triple-net means the tenant pays property taxes, insurance and maintenance directly, which narrows the landlord's day-to-day obligations. The lease documents and the offering documents govern the actual terms; they were not independently reviewed here.
Does the Trust carry mortgage debt?
Yes. Top1031's filing-derived record describes a leveraged structure, meaning the property was acquired with mortgage debt as well as investor equity. The offering summary posted by Baker 1031 reports an $84 million acquisition loan from PNC Bank and puts leverage at 51.20% of the Trust's total capitalization. Those figures come from an intermediary's summary rather than the loan agreement itself; the loan documents and the offering documents control.
Who sold the building, and what was paid for it?
Connect CRE identified The Davis Companies, a Boston investor, as the seller to Brookfield Real Estate Income Trust, which announced the acquisition on March 31, 2026. That REIT's April 15, 2026 prospectus supplement reported the purchase in March 2026 for approximately $155 million. Boston-area trade coverage in early April 2026 reported the price as $155 million, with Connect CRE putting it at $155.4 million.
Does this Trust have a 721/UPREIT exit?
A 721 or UPREIT exit is an arrangement in which DST interests are contributed to a REIT's operating partnership for units instead of being sold for cash. Top1031's filing-derived record shows no REIT conversion feature, and the Form D filings on record describe no exit mechanism. Because the sponsor is affiliated with a non-traded REIT that reported acquiring this property, the offering documents are the only documents that resolve whether, when and how a conversion could occur.

In the news

Sources

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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.