Not indexedSponsor-published track-record coverage
Sponsor profile
SEC filings + cited sources
Blue Owl Real Estate Exchange LLC (OREX) is the 1031/DST sponsor within Blue Owl Capital Inc., operating from Chicago, Illinois. It structures 1031-eligible Delaware statutory trust investments centered on credit-tenant, triple-net sale-leaseback real estate. Since 2023 it has organized a sequentially numbered Blue Owl Real Estate Exchange DST series spanning industrial and retail net-lease assets across states including Florida, Kentucky, Alabama, and Iowa. Program assets have included net-lease portfolios and single-tenant properties such as a manufacturing facility in Amana, Iowa leased to Whirlpool.
Platform and strategy
Blue Owl Real Estate Exchange LLC (OREX) is a Delaware limited liability company subsidiary through which Blue Owl Capital Inc. structures 1031-eligible investments. Operating from 30 N. LaSalle Street in Chicago, Illinois, OREX centers its Delaware statutory trust programs on credit-tenant, triple-net sale-leaseback real estate, according to Blue Owl. 1
Program series
The sponsor has organized a sequentially numbered Blue Owl Real Estate Exchange DST series, beginning with Real Estate Exchange I DST first filed in 2023 and extending through Real Estate Exchange VI DST first filed in 2026, for six tracked programs. 2 Across the series, program assets have included industrial net-lease portfolios in Florida and Kentucky, a retail net-lease offering, a net-lease portfolio in Alabama, and a single-tenant manufacturing facility in Amana, Iowa leased to Whirlpool.
Blue Owl Real Estate Exchange I DST2023No public disposition or 721/UPREIT conversion announcement has been issued for Blue Owl Real Estate Exchange I DST; Blue Owl's OREX program structure permits conversion into ORENT OP units only after a two-year investor hold (which would not occur until ~Feb 2027 for OREX I), and no full-cycle press release naming OREX I was found on AltsWire, PR Newswire, sponsor newsrooms, or Blue Vault Partners [1][2][3].theamericanreporter.c… ↗sec.gov ↗re-transition.com ↗SEC ↗
Blue Owl | DST Sponsor SpotlightSponsor profile noting Blue Owl Real Estate Exchange LLC (OREX) is focused on 1031 Exchange-eligible DST investments in net-leased real estate (industrial, data centers, logistics/distribution).
Whirlpool ending second-shift production in Amana, union respondsLocal KCRG news reports Whirlpool is ending second-shift production in Amana, Iowa, with the union detailing nearly 400 additional layoffs beyond the original 250 from July 2025; the Amana plant is the underlying asset of the OREX II DST.
Whirlpool layoffs hit Amana facility, cutting 288 jobsThe Des Moines Register reports Whirlpool's latest round of layoffs at its Amana, Iowa facility, cutting 288 jobs and ending second-shift production; the plant is the underlying asset for the Blue Owl OREX II DST.
DST Sales Hit $693M in May, YTD Pace Up 24% to $3.75BAltsWire reports Blue Owl Real Estate Exchange launched the largest DST offering of May 2026 with Blue Owl OREX VI DST, a $342.9 million net-lease portfolio spanning seven states: Alabama, Missouri, Oklahoma, Rhode Island, South Carolina, Virginia, and Wisconsin.
Blue Owl raises $9bn across four real estate fundsPERE reports Blue Owl Capital captured approximately $9 billion across four real estate funds, noting the firm's net lease strategy posted 2.1% Q1 2026 returns and 11.3% LTM, providing context for OREX V's industrial net-lease program.
