AX Diversified Retail Portfolio, DST

Other real estate
Rule 506(b)
New York, New York
Amended Nov 2, 2026

Raising: $89,517,000
Sold so far: $43,227,474; 48% sold
Investors: 59
Average check: $732,669; Sold ÷ investors
Minimum: $25,000
Sales commissions: $5,817,000; Issuer's estimate

In plain English

AX Diversified Retail Portfolio, DST, a real estate business based in New York, New York, filed an amended Form D with the SEC on Nov 2, 2026 to raise about $89.5 million. It reports about $43.2 million raised from 59 investors, 48% of its target. That works out to roughly $733,000 per investor. The smallest investment it accepts from an outside investor is $25,000.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$89.5M vs $7.7M median

Larger than 90% of the 460 offerings that set a size.

How much is sold48% sold vs 50% median

Behind 50% of the 460 offerings with a set size.

Minimum investment$25,000 vs $50,000 median

Lower than 64% of the 427 offerings that stated a minimum.

Where the sponsor is based

The New York housing market

Typical home value $525KChange, 12 months 5.6%New York metro $731K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See New York market data

Filing details

File number: 021-592827
Latest filing: Form D/A (amendment), Nov 2, 2026
Accession number: 0002146055-26-000005
Entity type: Delaware Statutory Trust
Industry group: Other Real Estate
Principal place of business: New York, New York
Exemption claimed: Rule 506(b)
First sale: Jul 17, 2026

Timeline

First sale
Jul 17, 2026
Latest amendment (Form D/A) filed
Nov 2, 2026
$43.2M sold (48% of the target)
As reported Nov 2, 2026

Other recent filings from New York

All fund filings

This page summarizes a notice AX Diversified Retail Portfolio, DST filed with the SEC. Fidelis First is not affiliated with AX Diversified Retail Portfolio, DST, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Nov 2, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Nov 2, 2026

Source: Data Provided by Zillow Group · As of Sep 2026