Delaware statutory trust (DST) offerings have raised more than $2.4 billion in equity by the end of April 2025, according to Mountain Dell Consulting. This marks a 53 percent increase from the $1.6 billion in capital raised, year-over-year.
With this trajectory, the DST equity raised is projected to reach $7 billion by the end of the year. Ares Real Estate Exchange led the sales, year-to-date, with $482.5 million in total equity raised, with Inland Private Corp. following with $258.7 million in equity raised, then JLL Exchange, with a total equity raise of $237.4 million.
According to Mountain Dell, there were 49 active sponsors that offered 83 programs, as of the end of April. Multifamily and industrial led in asset types.
