ADREX Diversified 12 DST
Other property — sponsor not disclosed
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ADREX Diversified 12 DST is a Delaware statutory trust — fractional, passive co-ownership of real estate that can serve as replacement property in a 1031 exchange. Ares Diversified Real Estate Exchange LLC is the named sponsor. One SEC Form D, dated August 31, 2026, is the entire public record, and it states the first sale has yet to occur and does not identify the underlying real estate.2
Property details are not confirmed yet. The SEC filings below are the current public record.
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These links support the public record as a whole; 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.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
Who's behind it?
The Form D names Ares Diversified Real Estate Exchange LLC as sponsor, ADREX Diversified 12 Manager LLC as manager, ADREX Diversified TRS LLC as depositor, and Stefanie Sommers as an executive officer and director.2 The SEC issuer record shows the trust itself was organized in Delaware in 2026.1 Beyond those related-person entries, the public file for this Trust adds no further detail on the sponsor's platform as of September 1, 2026.
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- ADREX Diversified 12 DST
- May convert to a REIT
- Not stated
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The record opens with an original notice of exempt offering rather than an amendment, and the issuer reports that the first sale has yet to occur.2 Because the offering is not generally advertised, interests may be shown privately to accredited investors — those meeting SEC income or net-worth tests — typically through existing relationships.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- 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
Is ADREX Diversified 12 DST still raising money?
Top1031 lists ADREX Diversified 12 DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for ADREX Diversified 12 DST?
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.
What property does ADREX Diversified 12 DST own?
The public record does not say. The Form D filed August 31, 2026 marks the issuer's industry group as "Other Real Estate" but names no property, no location, no tenant or operator, and no lease terms. The asset behind this Trust is unresolved from public filings as of September 1, 2026; only the private placement memorandum (PPM), the offering document given to prospective investors, would describe it.
Is this Trust open to investors right now?
The Form D dated August 31, 2026 states that the first sale has yet to occur. A Form D is a notice of an exempt offering filed with the SEC, not a confirmation that interests are currently available or that the SEC has reviewed the offering. Availability is a question for the sponsor or the selling broker-dealer.
What minimum investment does the filing state?
The Form D filed August 31, 2026 reports a minimum investment of $500,000 for outside investors. Minimums can differ in practice between exchange and cash investors, and the PPM controls.
What does Rule 506(b) mean for me as an investor?
Rule 506(b) is the private-placement exemption that lets an issuer raise money without registering the offering, so long as it does not advertise publicly and sells essentially only to accredited investors. Practically, you generally learn about a 506(b) offering through a pre-existing relationship with the sponsor or a representative rather than from a public marketing page.
Does the Trust use debt, or offer a 721/UPREIT exit?
Neither is stated in the public record. The Form D does not disclose leverage, a lender, or any 721/UPREIT exit — a structure in which DST interests are later contributed to a REIT's operating partnership in exchange for OP units. Whether either applies here would appear only in the PPM.
Why is there so little information on this Trust?
It has one filing. The Form D was filed August 31, 2026 and no amendment or later filing for this exact entity existed as of September 1, 2026. Form D itself requires almost no property-level disclosure, so a newly launched DST often has a nearly empty public footprint until amendments report sales.