Top1031.com analysis of SEC filings: 2025 was the largest fundraising year in the Form D record at $6.4 billion, the trailing twelve months peaked at $8.65 billion through March 2026, and mature trusts with a dated exit left a median 6.2 years after first filing. Current offering documents state holds of up to ten years.
Fundraising, exits, Sponsor structure, and the property map.
The Top1031 DST Barometer, Q2 2026, updated October 10: sponsors of securitized 1031 Delaware statutory trusts reported $7.8 billion of new equity in SEC filings in the 12 months through June 30, 2026, off an $8.65 billion trailing year through March, the high in the SEC filing record; $1.32 billion was reported in the second quarter, and 137 new trusts have launched this year through October 10.
Top1031.com analysis of SEC filings through October 10, 2026: Section 721 REIT conversions were 11 of the 48 dated 1031 DST exit events in 2026 so far, or 23%, and 21% of the 149 dated exits across 2024–26, versus zero in 2018–19; 73 trusts have converted in all, and 12 dated 2026 exits ended in foreclosure or distress.
Top1031.com analysis of SEC filings, updated October 10, 2026: 146 sponsor names attributed in Form D filings have launched 1031 DST offerings since 2009; the top five's share of each vintage's new equity fell from 90.4% in 2016 to 55.4% in 2023, the lowest in records since 2009, then rebounded to 67.5% in 2024 and 63.3% in 2025, while over two in five of all sponsors launched exactly one trust and Ares became the biggest raiser of the 2023–26 era.
Top1031.com analysis of SEC filings and public property records, updated October 10, 2026, places 1,350 DST property records across 48 states: Texas holds 213 of the 1,346 with a state, one in six, and the Sun Belt holds 56% of located properties.