SEC filing record
Primary Source · SEC.gov

BXREX Portfolio III DST

Single-Deal SPV2026 vintage506(b)
Latest signalNew Form D filerForm D · 2026-11-13Last filing 2026-11-13

Raised

Pre-open

Investors

—

Min Invest

$250,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

BXREX Portfolio III DST is a Delaware statutory trust formed to hold real estate interests, associated with Blackstone Real Estate Exchange LLC and its manager/depositor affiliates (BXREX Portfolio III Manager, LLC and BXREX Portfolio III Depositor, LLC). The filing is a new Form D claiming the 506(b) exemption with a $250,000 minimum investment; total amount sold and investor count are not yet disclosed, consistent with a pre-open offering.

This filing sits within the alternative real estate investment category, specifically the Delaware Statutory Trust (DST) structure commonly used for 1031 tax-deferred exchange offerings. A $250,000 minimum and 506(b) exemption (which permits non-accredited investors under certain conditions and restricts general solicitation) are typical for this offering type, distinguishing it from 506(c) real estate funds that openly advertise.

Data Flags

Related PersonsAll three listed related persons (executive officers) show 'N/A' in place of individual name fields, reflecting that entities rather than natural persons are listed as officers — a common but notable data presentation quirk for DST sponsor structures.
Total Amount Sold / Total InvestorsCapital raised and investor count are undisclosed, consistent with a pre-open filing status rather than a data gap.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002163330
Entity NameBXREX Portfolio III DST
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeOther
Jurisdiction of OrganizationDelaware
Year Organized2026
Issuer Address345 Park Avenue, New York, NY 10154
Phone(212) 583-5000
Industry / Fund TypeCommercial
Securities TypeEquity
First Sale DateNot yet occurred (as filed)
Filing DateNovember 13, 2026
Accession Number0002163330-26-000001
Total Offering Amount$292,872,340
Total Amount Sold$0 (no sales yet)
Amount Remaining$292,872,340
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$250,000
Offering DurationOne year or less
Sales Commissions$14,643,617 (to Blackstone Securities Partners L.P.)
Finders' Fees$0
Proceeds to Related Persons$2,928,723
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only
Signed ByLeon Volchyok, Senior Managing Director

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

1

latest Nov 13, 2026

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

pre_sale

Latest event New filer · Nov 13, 2026

SEC.gov
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Fund family Part of the BXREX Portfolio DST family: 3 vehicles across 3 generations · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • 1 filing event with values and deltas, latest 2026-11-13, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A Blackstone Real Estate Exchange LLC

Executive Officer · New York, NY

N/A BXREX Portfolio III Manager, LLC

Executive Officer · New York, NY

N/A BXREX Portfolio III Depositor, LLC

Executive Officer · New York, NY

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Blackstone Securities Partners L.P.CRD 17917 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in all states

Questions About BXREX Portfolio III DST

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is BXREX Portfolio III DST?

BXREX Portfolio III DST is a Delaware entity organized in 2026 that filed a Form D with the SEC on November 13, 2026 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.

Is BXREX Portfolio III DST legit?

AltStreet does not rate legitimacy; it reports the public record. BXREX Portfolio III DST filed a Form D with the SEC on November 13, 2026 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is BXREX Portfolio III DST registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that BXREX Portfolio III DST claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has BXREX Portfolio III DST raised?

BXREX Portfolio III DST reported that the first sale had not yet occurred as of the Form D filed November 13, 2026, so no amount sold or investor count is on file. The total offering amount is $292,872,340.

Who can invest in BXREX Portfolio III DST?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $250,000.

What is the minimum investment in BXREX Portfolio III DST?

The Form D lists $250,000 as the minimum investment accepted from any outside investor as of November 13, 2026. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling BXREX Portfolio III DST and how are they paid?

The Form D names Blackstone Securities Partners L.P. (CRD 17917), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $14,643,617 and finders' fees as $0. Form D allows these to be estimates. The issuer reports $2,928,723 of gross proceeds used or proposed to be used for payments to related persons.

Who is behind BXREX Portfolio III DST?

The Form D lists 3 related persons: Blackstone Real Estate Exchange LLC, executive officer (Sponsor of the Issuer); BXREX Portfolio III Manager, LLC, executive officer (Trust Manager of the Issuer); BXREX Portfolio III Depositor, LLC, executive officer (Parent Depositor of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is BXREX Portfolio III DST located?

The issuer's address on its SEC filings is 345 Park Avenue, New York, NY 10154. Its phone number of record is 212-583-5000. It is organized under the laws of Delaware.

How long is the BXREX Portfolio III DST offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

What is BXREX Portfolio III DST's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.