AIREX Portfolio 12 DST filed a Form D on October 14, 2026 for an offering of up to $501.6 million, sponsored by Ares (ADREX). The notice reports no securities sold, no investors, a $500,000 minimum investment, and a date of first sale yet to occur.
Field | Detail |
|---|---|
Trust | AIREX Portfolio 12 DST |
Sponsor | Ares (ADREX) |
Property | not stated |
Asset type | not stated |
Location | not stated |
Offering amount (maximum) | $501,597,796 |
Minimum investment | $500,000 |
Amount sold (as of October 14, 2026) | $0 |
Investors | 0 |
Exemption | Rule 506(b) |
Sales commissions | $25,079,890 (estimated) |
Recipient of sales compensation | Ares Management Capital Markets LLC |
Date of first sale | yet to occur |
Form D filed | October 14, 2026 |
No public source located by October 16, 2026 names a property or portfolio for the Trust; the Form D classifies the issuer under Other Real Estate. A Form D is a notice of an exempt offering, not SEC approval and not a review of the offering's merits.
The sponsor has 23 programs on its record and three other active offerings: ADREX Diversified 12 DST, AIREX Industrial 11 DST and ADREX Diversified 11 DST. The first two are carried as industrial; the third is carried as a diversified portfolio.
Across DST Form D filings in the past year, the median minimum investment is $100,000 and the median maximum offering is $48.92 million.
Sources: Form D, AIREX Portfolio 12 DST, filed October 14, 2026; filing index, October 14, 2026; StreetInsider filings listing, published October 14, 2026.
Offering amounts are maximums from the Form D, not capital raised; amounts sold are as of the filing date, and medians come from Form D filings for likely DST issuers over the trailing twelve months, counted per filing and including amendments. How we report filings.