Top1031

NREX II DST

3 industrial properties in 3 states · sponsored by Nuveen

Active offeringLatest Form D filed Apr 15, 2026 (opens in a new tab)

NREX II DST is a DST sponsored by Nuveen that owns 3 industrial properties in 3 states. Its latest Form D, filed Apr 15, 2026, lists a $116.6 million offering with a $250,000 minimum.

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$116,607,479
Equity offered, per the Form D
Sold so far
None reported as of Apr 15, 2026
Form D, Apr 15, 2026
Selling commissions
$6,996,449 · 6.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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
Apr 15, 2026 · 1 filing

No sales reported in a Form D amendment yet. Latest notice Apr 15, 2026.

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Ask a 1031 specialist about this recordFree. About: NREX II DST. Top1031 is not a broker-dealer.

No photo on record. Multiple property locations are on record; no single map.

What does NREX II DST own?

Nuveen's second exchange trust is built around industrial real estate in Georgia, Pennsylvania and Utah, according to AltsWire's report on April 2026 DST launches. 2 The trust was organized in Delaware in 2026 and filed its first SEC notice that April. 1

Property address
314 South Henderson Road, King Of Prussia, PA

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

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
May convert to a REIT (721)
Yes

Costs and terms from the Form D

Selling commissions
$6,996,449 · 6.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,457,594 · 1.2% of offering
Form D Item 16
· The filing’s note: “Estimate of Expense Reimbursement that may accrue to one or more related persons.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms
  • Nuveen Securities, LLC · CRD 469

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
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.

What does the SEC record show?

Form D, the SEC's short notice of a private offering, started this raise in April 2026. Interests may be sold only to accredited investors, people who meet SEC income or net worth tests, and the offering cannot be advertised to the public.

Legal Trust name
Nuveen Real Estate Exchange II DST
SEC CIK
2129992
First Form D
Apr 15, 2026
Latest Form D
Apr 15, 2026
Filings on record
1
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 sold
Form D$116,607,479
$0
EDGAR

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 NREX II DST an active offering?
NREX II DST is an Active offering: its latest Form D was filed Apr 15, 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 NREX II DST have a 721 UPREIT exit?
The record lists a possible 721 exit for NREX II 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 NREX II DST own?
The trust's real estate sits in Georgia, Pennsylvania and Utah, and the portfolio is classified as industrial. AltsWire reported that three-state geography when the offering debuted in April 2026. Building addresses, tenants and lease terms are set out in the offering documents.
Who sponsors the Trust?
Nuveen sponsors it through Nuveen Real Estate Exchange LLC, the entity named as sponsor in the trust's Form D filed April 15, 2026. Nuveen Real Estate Exchange is Nuveen's 1031 exchange platform, and the legal name of this offering is Nuveen Real Estate Exchange II DST.
What is the minimum investment?
The April 15, 2026 Form D states a minimum investment of $250,000 from an outside investor. Sponsors sometimes apply different minimums to cash investors than to 1031 exchange investors, and selling broker-dealers can set higher floors of their own, so the governing numbers appear in the offering documents and subscription agreement.
Who is eligible to buy interests?
Only accredited investors, under Rule 506(b), the private placement rule that bars general advertising and public solicitation. Accredited investors meet SEC income or net worth tests, generally $200,000 of annual income, $300,000 with a spouse, or $1 million in net worth excluding a primary residence.

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.