IREX III Industrial Portfolio DST
Legal trust name IREX III Industrial Portfolio DST
Talk to a 1031 specialistData updated Dec 10, 2025
Offering size$87.0M
Asset typeIndustrial
LocationAurora, IL
FinancingNot disclosed
Regulation D exemptionRule 506(b)
Sponsor-reported potential 721/UPREIT exitYes
First filedJul 15, 2025
Last filedDec 10, 2025
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.
IREX III Industrial Portfolio DST is a Delaware statutory trust sponsored by Invesco Real Estate Exchange, an affiliate of Invesco Real Estate Income Trust Inc. It holds three industrial properties in Ohio and Illinois totaling 795,825 net rentable square feet, reported 100% occupied. The offering launched in May 2025 and raised $87 million in gross proceeds. Invesco announced on December 18, 2025 that the offering was fully subscribed, surpassing the prior IREX II raise of $85.7 million. The trust also carries a Section 721 exit feature affecting how interests may later be transferred.
min $250k; 100% occupied; raised $87M, fully subscribed 12/2025; 721 UPREIT into INREIT
795,825 SF (3 props)Based on issuer-filed Form D notices through Dec 10, 2025. 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 amount95.0%
Capital sold, per latest Form D$82,816,816
Remaining amount reported in latest Form D$4,172,431
Investor count reported in latest Form D109
Stated minimum investment$250,000
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First filedJul 15, 2025
Latest filingDec 10, 2025
Filings tracked8
View filing on SEC EDGARForm 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
Portfolio and location
IREX III Industrial Portfolio DST holds three industrial properties in Ohio and Illinois, reported 100% occupied across 795,825 net rentable square feet 1. Identified addresses include 940 Enterprise Street in Aurora, Illinois; a property in Grove City, Ohio; and 3101 Agler Road in Columbus, Ohio 26.
Sponsorship and structure
The trust is sponsored by Invesco Real Estate Exchange and is affiliated with Invesco Real Estate Income Trust Inc. (INREIT) 5. It carries a Section 721 exit feature relevant to a potential future transfer of interests 2.
Offering
The offering launched in May 2025 1. An issuer-filed Form D/A dated December 10, 2025 reported a total offering amount of $86,989,247 with $82,816,816 sold as of that date 3. On December 18, 2025, Invesco announced the offering was fully subscribed, raising $87 million in gross proceeds and surpassing IREX II's $85.7 million raise 14.
In the news
Frequently asked questions
Is IREX III Industrial Portfolio DST currently active?
IREX III Industrial Portfolio 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 IREX III Industrial Portfolio 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.