Blue Owl
DST sponsorfirst SEC filing 2023blueowl.com
Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026
0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs.
Blue Owl has sponsored six Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2023, most often industrial properties. Today its SEC filings show five active offerings; the newest was first filed on Jun 4, 2026.
Blue Owl DST offerings (5 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 offeringsBlue Owl Record Card
Blue Owl
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 6 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.
- Programs found in SEC fundraising filings (Form D)
- 6
- Share of programs over 3 years old whose status we confirmed
- 0%
About Blue Owl
Blue Owl sponsors Delaware statutory trust offerings through Blue Owl Real Estate Exchange LLC, known as OREX. A Form 10-Q for the quarter ended March 31, 2025 identifies OREX as a wholly owned subsidiary of Blue Owl Real Estate Net Lease Trust, formerly Oak Street Net Lease Trust, and names it the DST Sponsor. That filing states the company, through Blue Owl NLT Operating Partnership, initiated its DST Program on August 31, 2023 to issue beneficial interests in Delaware statutory trusts holding real properties to accredited investors. Sponsor material describes the offerings as Section 1031 replacement property holding triple-net-leased assets. Six numbered Blue Owl Real Estate Exchange issuers were first filed between 2023 and 2026.
Sponsor-stated figures are as reported by the sponsor.Sources: sec.gov · SEC filing · 2025 · onlt.com · Web page · Undated · Top1031 sponsor record · pers.ms.gov · PDF document · 2026 · sers.pa.gov · PDF document · 2025
Exchange strategy
Blue Owl Private Wealth describes Blue Owl Real Estate Exchange LLC (OREX) as a sponsor of Delaware Statutory Trust offerings designed to provide Internal Revenue Code Section 1031 replacement property, and states that the offerings are intended to let investors exchange appreciated real estate on a tax-deferred basis for a passive investment in a DST holding a curated portfolio of quality, triple-net-leased assets 2.
Numbered DST series
Six sequentially numbered issuers carry the Blue Owl Real Estate Exchange name: Exchange I DST, first filed in 2023; Exchange II DST, Exchange III DST and Exchange IV DST, first filed in 2025; and Exchange V DST and Exchange VI DST, first filed in 2026 3.
Institutional net-lease funds
Mississippi Public Employees' Retirement System board of trustees materials for February 2026 list Oak Street RE Partners Fund I LP, Oak Street Real Estate Capital Fund II LP and Blue Owl Real Estate Fund III LP as net-lease real estate funds attributed to Blue Owl 4. A Blue Owl manager presentation in Pennsylvania State Employees' Retirement System materials dated October 7, 2025 lists Oak Street Real Estate Capital Fund II and Blue Owl Real Estate Funds IV and V as net-lease strategies 5. These are commingled institutional funds rather than DST offerings, and they sit alongside the exchange platform in the same net-lease asset class.
Show sources (5)Hide sources (5)
- sec.gov · SEC filing · 2025 ↗ Public record
- onlt.com · Web page · Undated ↗ Sponsor disclosure
- Top1031 sponsor record ↗
- pers.ms.gov · PDF document · 2026 ↗ Public record
- sers.pa.gov · PDF document · 2025 ↗ Public record
Blue Owl track record (6 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.
Show all 6 programsShow fewer
Blue Owl news
Sales report on Blue Owl OREX VI DST →
More Blue Owl coverage (7)
Sales report on Blue Owl OREX VI DST →
Sales report on Blue Owl OREX VI DST →
Questions about Blue Owl DSTs
- Does Blue Owl have DST offerings available now?
- Blue Owl’s SEC filings show five active DST offerings, with stated offering sizes from $66.1M to $342.9M. 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 Jun 4, 2026.
- How many DST programs has Blue Owl sponsored?
- Top1031 found six Blue Owl 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 Blue Owl put in its DSTs?
- Of the six Blue Owl offering records on Top1031, five are industrial and one net lease.
- What is the minimum investment for Blue Owl DSTs?
- Each of its active offerings with a stated minimum lists $250,000, as shown on each offering’s page.
- What results has Blue Owl published for its DSTs?
- On its Record Card, none of its six 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 Blue Owl offerings?
- Use the “Ask a specialist about these offerings” button at the top of Blue Owl’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 industrial DST sponsors
What can I do next?
Use the record as a starting point. Compare the current offerings or save them to your Watchlist.