Nineteen new DST offerings filed in October 2026, totaling up to $2.16 billion, against 10 offerings and $499.02 million in September 2026. The month's largest was HREX 10, DST from Hines, at up to $725.17 million.
Trust | Sponsor | Asset | Location | Offering amount (maximum) | Minimum investment | Exemption |
|---|---|---|---|---|---|---|
Other Real Estate | not stated | $725,171,159 | $250,000 | 506(b) | ||
Other Real Estate | not stated | $501,597,796 | $500,000 | 506(b) | ||
Other Real Estate | not stated | $310,296,508 | $250,000 | 506(b) | ||
Commercial | not stated | $136,100,000 | $100,000 | 506(b) | ||
Other Real Estate | Sunnyvale, CA | $69,986,627 | $100,000 | 506(b) | ||
Other Real Estate | not stated | $66,493,333 | $100,000 | 506(b) | ||
Residential | not stated | $65,235,000 | $250,000 | 506(b) | ||
Residential | not stated | $59,125,000 | $100,000 | 506(c) | ||
Commercial - age-restricted (55+) cottage home community | New Braunfels, TX | $37,350,000 | $50,000 | 506(c) | ||
Residential | not stated | $33,875,000 | $25,000 | 506(b) | ||
Other Real Estate | Greensboro, NC | $32,623,464 | $25,000 | 506(c) | ||
Residential - multifamily | Mundelein, IL | $28,646,000 | $25,000 | 506(c) | ||
Other Real Estate | Xenia, OH | $27,929,065 | $200,000 | 506(c) | ||
Other Real Estate | not stated | $18,844,000 | $100,000 | 506(c) | ||
SCIW Depositor | Commercial - retail | Smyrna, GA | $13,348,000 | $25,000 | 506(c) | |
Commercial | Birmingham, AL | $11,333,949 | $1,000 | 506(c) | ||
Sponsor not disclosed | Other Real Estate | Cullman, AL | $9,500,000 | $250,000 | 506(c) | |
Commercial | Sunnyvale, TX | $9,078,874 | $50,000 | 506(c) | ||
MDI Sponsor | Commercial | Pilot Point, TX | $6,242,410 | $100,000 | 506(c) |
Sponsor
Asset
Other Real Estate
Location
not stated
Offering amount (maximum)
$725,171,159
Minimum investment
$250,000
Exemption
506(b)
Sponsor
Asset
Other Real Estate
Location
not stated
Offering amount (maximum)
$501,597,796
Minimum investment
$500,000
Exemption
506(b)
Sponsor
Asset
Other Real Estate
Location
not stated
Offering amount (maximum)
$310,296,508
Minimum investment
$250,000
Exemption
506(b)
Sponsor
Asset
Commercial
Location
not stated
Offering amount (maximum)
$136,100,000
Minimum investment
$100,000
Exemption
506(b)
Sponsor
Asset
Other Real Estate
Location
Sunnyvale, CA
Offering amount (maximum)
$69,986,627
Minimum investment
$100,000
Exemption
506(b)
Sponsor
Asset
Other Real Estate
Location
not stated
Offering amount (maximum)
$66,493,333
Minimum investment
$100,000
Exemption
506(b)
Sponsor
Asset
Residential
Location
not stated
Offering amount (maximum)
$65,235,000
Minimum investment
$250,000
Exemption
506(b)
Sponsor
Asset
Residential
Location
not stated
Offering amount (maximum)
$59,125,000
Minimum investment
$100,000
Exemption
506(c)
Sponsor
Asset
Commercial - age-restricted (55+) cottage home community
Location
New Braunfels, TX
Offering amount (maximum)
$37,350,000
Minimum investment
$50,000
Exemption
506(c)
Sponsor
Asset
Residential
Location
not stated
Offering amount (maximum)
$33,875,000
Minimum investment
$25,000
Exemption
506(b)
Asset
Other Real Estate
Location
Greensboro, NC
Offering amount (maximum)
$32,623,464
Minimum investment
$25,000
Exemption
506(c)
Sponsor
Asset
Residential - multifamily
Location
Mundelein, IL
Offering amount (maximum)
$28,646,000
Minimum investment
$25,000
Exemption
506(c)
Sponsor
Asset
Other Real Estate
Location
Xenia, OH
Offering amount (maximum)
$27,929,065
Minimum investment
$200,000
Exemption
506(c)
Sponsor
Asset
Other Real Estate
Location
not stated
Offering amount (maximum)
$18,844,000
Minimum investment
$100,000
Exemption
506(c)
Sponsor
SCIW Depositor
Asset
Commercial - retail
Location
Smyrna, GA
Offering amount (maximum)
$13,348,000
Minimum investment
$25,000
Exemption
506(c)
Sponsor
Asset
Commercial
Location
Birmingham, AL
Offering amount (maximum)
$11,333,949
Minimum investment
$1,000
Exemption
506(c)
Sponsor
Sponsor not disclosed
Asset
Other Real Estate
Location
Cullman, AL
Offering amount (maximum)
$9,500,000
Minimum investment
$250,000
Exemption
506(c)
Sponsor
Asset
Commercial
Location
Sunnyvale, TX
Offering amount (maximum)
$9,078,874
Minimum investment
$50,000
Exemption
506(c)
Sponsor
MDI Sponsor
Asset
Commercial
Location
Pilot Point, TX
Offering amount (maximum)
$6,242,410
Minimum investment
$100,000
Exemption
506(c)
Offerings classified as Other Real Estate accounted for 9 of the month's filings and $1.76 billion of the combined maximum, against 6 Commercial filings at $213.45 million and 4 Residential filings at $186.88 million. In September 2026, Other Real Estate also led on dollars, at $238.51 million against Commercial's $201.43 million, while Commercial led that month's count with 5 filings.
The 8 filings under Rule 506(b) carried $1.91 billion of October's combined maximum; the 11 under 506(c) carried $254.02 million. September's split was 3 under 506(b) and 7 under 506(c).
October's median maximum offering amount was $33.88 million, below both the $48.92 million median across the tracked universe and September's $36.05 million. The median minimum investment matched the tracked universe median. Median sales commission was 6% of the maximum offering amount, against 7% across the tracked universe and 5.5% in September 2026.
The month's count sits above the trailing six-month average of 13.7 offerings, and its combined maximum above the trailing average of $999.62 million. That is one month above the trailing average, not a trend.
AIREX Portfolio 12 DST from Ares (ADREX) followed at up to $501.6 million, with Blue Owl Real Estate Exchange VII DST from Blue Owl at up to $310.3 million. No sponsor filed more than one offering in the month.
Sponsor | Offerings | Combined maximum offering amount |
|---|---|---|
1 | $725,171,159 | |
1 | $501,597,796 | |
1 | $310,296,508 | |
1 | $136,100,000 | |
1 | $69,986,627 | |
1 | $66,493,333 | |
1 | $65,235,000 | |
1 | $59,125,000 | |
1 | $37,350,000 | |
1 | $33,875,000 | |
1 | $32,623,464 | |
1 | $28,646,000 | |
1 | $27,929,065 | |
1 | $18,844,000 | |
SCIW Depositor | 1 | $13,348,000 |
1 | $11,333,949 | |
Sponsor not disclosed | 1 | $9,500,000 |
1 | $9,078,874 | |
MDI Sponsor | 1 | $6,242,410 |
Offerings
1
Combined maximum offering amount
$725,171,159
Offerings
1
Combined maximum offering amount
$501,597,796
Offerings
1
Combined maximum offering amount
$310,296,508
Offerings
1
Combined maximum offering amount
$136,100,000
Offerings
1
Combined maximum offering amount
$69,986,627
Offerings
1
Combined maximum offering amount
$66,493,333
Offerings
1
Combined maximum offering amount
$65,235,000
Offerings
1
Combined maximum offering amount
$59,125,000
Offerings
1
Combined maximum offering amount
$37,350,000
Offerings
1
Combined maximum offering amount
$33,875,000
Offerings
1
Combined maximum offering amount
$32,623,464
Offerings
1
Combined maximum offering amount
$28,646,000
Offerings
1
Combined maximum offering amount
$27,929,065
Offerings
1
Combined maximum offering amount
$18,844,000
SCIW Depositor
Offerings
1
Combined maximum offering amount
$13,348,000
Offerings
1
Combined maximum offering amount
$11,333,949
Sponsor not disclosed
Offerings
1
Combined maximum offering amount
$9,500,000
Offerings
1
Combined maximum offering amount
$9,078,874
MDI Sponsor
Offerings
1
Combined maximum offering amount
$6,242,410
Every edition: DST Market Monitor. Full market data: DST market overview.
Sources: original Form D filings with the SEC for new DST offerings dated October 1, 2026 through November 1, 2026, among them the Form D filings for HREX 10, DST, AIREX Portfolio 12 DST and Blue Owl Real Estate Exchange VII DST; figures compiled November 1, 2026.
Counts, sums and medians come from original Form D filings for likely DST issuers in the month; offering amounts are maximums, not capital raised, asset labels follow the filing's stated class with the stated property type where given, and sponsor order is by stated maximum alone. How we count.