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Sponsors/Apollo
Apollo logo

Apollo

DST sponsor · first SEC filing 2023 · apollo.com ↗

Active offerings1 →Offering size $89.5MPrograms on record4 →SEC Form D filings
First filed2023Earliest Form D on record
Property focusNet lease 100%4 of 4 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs.

Completed sales: 0
Lost or impaired 0 · Counted Programs 0
See the full cardRead the method

Apollo has sponsored four Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2023, most often net lease properties. Today its SEC filings show one active offering; the newest was first filed on Jul 31, 2026.

1Offerings 12Record Card3About4Track record 45News6Questions7Similar sponsors
Offerings 1Record CardAboutTrack record 4NewsQuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings 1
  2. 2Record Card
  3. 3About
  4. 4Track record 4
  5. 5News
  6. 6Questions
  7. 7Similar sponsors
  8. 8Next step

Apollo DST offerings (1 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a specialist about these offerings
OfferingOffering sizeMinimumAmount soldFirst filedWatchlist
AX Diversified Retail Portfolio, DSTNet lease · Multi-state (5)SEC filing, Oct 9, 2026 ↗
$89.5M$25,000
$25.6M
29%Filed Oct 9, 2026
Jul 31, 2026

Open Apollo in the directory →

Apollo Record Card

Top1031 Sponsor Record Card

Apollo

How this letter was decided
NR
NR · Not rated

0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.

Completed sales 0Losses or impairments 0Counted Programs 0

Of 4 Programs, 0 count toward the Grade: 0 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

No documented loss found in searched sources as of Oct 12, 2026.

Programs found in SEC fundraising filings (Form D)
4
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
0
Sold according to the sponsor, not yet verified by us
0
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
0
Older than 7 years, confirmed still operating
0
Older than 7 years, no public outcome found
0
No outcome recorded · under 7 years
4
Share of programs over 3 years old whose status we confirmed
100%

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About Apollo

Apollo sponsors Delaware statutory trust offerings through Apollo Real Estate Exchange (AX), which Apollo describes as its DST platform for accredited investors holding appreciated real estate and as a route to Section 1031 and 721 exchanges into professionally managed, diversified real estate. Top1031 tracks four AX trusts: AX DG San Antonio, DST (first filed 2023), AX DG St. Louis, DST (2025), AX Essential Retail Portfolio, DST (2025), and AX Diversified Retail Portfolio, DST (2026). Program-level descriptions include four grocery-anchored Washington properties absolute-net leased to Safeway d/b/a Haggen and a self-storage facility in San Angelo, Texas. Offering entities file under the sponsor name Apollo RE Exchange, LLC.

Sponsor-stated figures are as reported by the sponsor.Sources: apollo.com · Web page · Undated · Top1031 sponsor record · sec.gov · SEC filing · 2025 · sec.gov · SEC filing · 2025 · top1031.com · Web page · 2026 · top1031.com · Web page · 2026

Dated offering record

An amendment dated July 2, 2025 for AX DG San Antonio, DST identified Apollo RE Exchange, LLC as sponsor and reported a $38,670,000 offering with $38,670,000 sold and $0 remaining as of that date 3. An amendment dated December 19, 2025 for AX DG St. Louis, DST reported a $42,537,500 offering with $42,537,500 sold and $0 remaining as of that date 4.

Program assets

Top1031's program record dated August 6, 2026 describes AX Essential Retail Portfolio, DST as an Apollo-sponsored Delaware statutory trust holding four grocery-anchored properties in Ferndale, Burlington, Stanwood, and Mount Vernon, Washington, totaling 248,103 square feet, with all four leased on an absolute-net basis to Safeway d/b/a Haggen 5. Top1031's record dated July 13, 2026 describes Apollo San Angelo DST as holding the Lone Star Storage Center self-storage facility at 6122 Sherwood Way in San Angelo, Texas, offered through Apollo's AX exchange 6.

Show sources (6)Hide sources (6)
  • apollo.com · Web page · Undated ↗ Sponsor disclosure
  • Top1031 sponsor record ↗
  • sec.gov · SEC filing · 2025 ↗ Public recordJul 2, 2025
  • sec.gov · SEC filing · 2025 ↗ Public recordDec 19, 2025
  • top1031.com · Web page · 2026 ↗ Sponsor disclosureAug 6, 2026
  • top1031.com · Web page · 2026 ↗ Sponsor disclosureJul 13, 2026
Written from SEC filings and cited sources · Updated Oct 15, 2026

Apollo track record (4 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
AX Diversified Retail Portfolio, DSTFirst filed 2026No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AX DG St. Louis, DSTFirst filed 2025No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AX Essential Retail Portfolio, DSTFirst filed 2025No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗
AX DG San Antonio, DSTFirst filed 2023No sponsor-reported figure
No outcome recorded · under 7 years
SEC filings ↗

Apollo news

  1. Sep 10, 2026

    Sales report on AX Diversified Retail Portfolio, DST →

    AX Diversified Retail Portfolio Has Sold 16.5% of Its Ceiling, Not Enough to Set a Pace

    Top1031

  2. Aug 2, 2026

    Sales report on AX Diversified Retail Portfolio, DST →

    AX Diversified Retail Portfolio DST files a $89.5M offering

    Top1031

  3. Jul 8, 2026

    DST Fundraising Reaches $731.4M in June, YTD Pace Up 22% to $4.5B

    AltsWire ↗

More Apollo coverage (5)
  1. Jul 2, 2026

    Top commercial sales of the week

    Jax Daily Record ↗

  2. Mar 19, 2026

    Realty Income and Apollo to Establish Strategic Partnership

    Realty Income ↗

    Also covered by 1 outlet
    • Apollo Global Management (PR Newswire) ↗
  3. Mar 19, 2026

    Apollo Global commits $1 billion for retail joint venture with commercial REIT Realty Income

    Reuters ↗

    Also covered by 2 outlets
    • HedgeCo Insights ↗
    • PereNews ↗
  4. Mar 20, 2026

    Apollo To Invest $1B In Realty Income Single-Tenant Properties

    Bisnow ↗

  5. Sep 6, 2023

    BV Capital Announces Plans to Build Two Texas Apartment Projects

    AltsWire ↗

Questions about Apollo DSTs

Does Apollo have DST offerings available now?
Apollo’s SEC filings show one active DST offering, with a stated offering size of $89.5M. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. The newest was first filed on Jul 31, 2026.
How many DST programs has Apollo sponsored?
Top1031 found four Apollo programs in SEC Form D filings. The first was filed in 2023. Each is listed in the track record on this page with a link to its SEC filings.
What kind of property does Apollo put in its DSTs?
Of the four Apollo offering records on Top1031, four are net lease.
What results has Apollo published for its DSTs?
On its Record Card, none of its four programs sold with a result reported by the sponsor yet. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about Apollo offerings?
Use the “Ask a specialist about these offerings” button at the top of Apollo’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other net lease DST sponsors

  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • AEI Capital logoAEI Capital2 active · 28 programs on record
  • ARCTRUST logoARCTRUST2 active · 9 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

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Top1031 is a data and education platform, not a broker-dealer, investment adviser, tax advisor, law firm, qualified intermediary, or securities issuer.

Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

Data may be incomplete or delayed, and Top1031 does not audit sponsor-reported figures. Sponsor Grades are editorial sponsor assessments, not offering ratings or recommendations.

Review the current offering documents and consult qualified professionals. Gated offering data is intended for users who self-attest that they are accredited investors.

Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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