Fundraising for Delaware Statutory trust (DST) equity in April decreased by nearly 20 percent, according to data from Mountain Dell Consulting.
March saw a year-to-date high in fundraising of $843.1 million, and April totaled $675.2 million. Fundraising is on a strong trajectory overall, however, as $3 billion has been raised this year, marking a 27.4 percent increase from the same period in 2025, from $2.4 billion. DST sales are projected to reach $11 billion by the end of the year.
Ares Real Estate Exchange had $653.8 million in total equity raised, followed by Hines with $329.2 million and then by Blue Owl Real Estate Exchange with $299.9 million. Multifamily and industrial saw the greatest allocations, with multifamily receiving 31 percent and industrial holding 31 percent.
