Delaware statutory trust (DST) fundraising has reached $6.48 billion as of August 2026, according to research from Mountain Dell Consulting.
This fundraising marks a 33 percent increase from 2025 year-over-year, which raised $4.86 billion. In August 2026, DST sales totaled $881.1 million, declining by 10.6 percent compared to $985.1 million in the month prior.
Ares Real Estate Exchange led in sales with $1.3 billion in equity raised, followed by Hines Real Estate Exchange at $590.6 million and then Blue Owl Real Estate Exchange with $522.1 million in equity.
The largest launched offering of the month was from Blackstone Real Estate Exchange: BXREX Portfolio II DST. It seeks to raise $187.3 million. ExchangeRight Real Estate’s $107.6 million industrial offering was also launched in August.
