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DST Sales Hit Year-to-Date High, Topping $985 Million in July

By Mari Nicholson

DST Sales Hit Year-to-Date High, Topping $985 Million in July

Delaware statutory trust equity fundraising totaled approximately $5.5 billion through July 2026, a 31% increase from the roughly $4.2 billion raised through the same period in 2025, according to Mountain Dell Consulting.

DST sales totaled $985.1 million in July, a year-to-date record and a 34.7% increase from June’s $731.4 million. Mountain Dell told AltsWire that “the industry is currently on track to raise approximately $10 billion this year, surpassing 2022’s most recent peak of $9.4 billion.”

With approximately $1.2 billion in total equity raised (22.2% of market share), Ares Real Estate Exchange continues to lead DST sales for the year, more than doubling the second-highest fundraiser: Hines Real Estate Exchange at $537.6 million (9.8% of market share). Mountain Dell reported that the other sponsors rounding out the top five by market share through July were:

  • Blue Owl Real Estate Exchange, at approximately $436.5 million, or 7.9% of the market;
  • ExchangeRight Real Estate, which raised approximately $385.6 million for a 7% share; and
  • Inland Private Capital Corporation with approximately $318.6 million and a 5.8% share.

NexPoint Securities launched the largest offering of the month with NexPoint Lodging II DST, seeking to raise nearly $81.6 million for two hotel properties in Glastonbury, Conn., and Bradenton, Fla. Brookfield Real Estate Exchange launched a $58.98 million industrial offering during the month. BREX Net Lease Data Center 1 DST is raising equity for a Sunnyvale, Calif., asset.

As of the end of July, 59 active sponsors were offering 110 programs, up at least 33% from a year earlier, Mountain Dell said. The firm told AltsWire that the market is “becoming more competitive and diverse.” Average time on market for active programs dropped 45% year over year, from 407 days in mid-July 2025 to 225 days as of July 15, 2026.

Industrial and multifamily remained the most available asset types at 31% and 28% of all syndicated offerings, respectively.

Located in the Salt Lake City region, Mountain Dell Consulting is a consulting and research firm focused on real estate-oriented investment programs. It has sourced and compiled data on the securitized 1031 exchange market since 2003.

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