Blue Owl Real Estate Exchange VII DST

Other real estate
Rule 506(b)
Chicago, Illinois
Filed Oct 22, 2026

Raising: $310,296,508
Sold so far: $11,839,350; 4% sold
Investors: 11
Average check: $1,076,305; Sold ÷ investors
Minimum: $250,000
Sales commissions: $18,617,790; Issuer's estimate

In plain English

Blue Owl Real Estate Exchange VII DST, a real estate business based in Chicago, Illinois, filed a Form D with the SEC on Oct 22, 2026 to raise about $310 million. It reports about $11.8 million raised from 11 investors, 4% of its target. That works out to roughly $1,076,000 per investor. The smallest investment it accepts from an outside investor is $250,000.

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$310M vs $7.7M median

Larger than 97% of the 460 offerings that set a size.

How much is sold4% sold vs 50% median

Behind 70% of the 460 offerings with a set size.

Minimum investment$250,000 vs $50,000 median

Higher than 83% of the 427 offerings that stated a minimum.

Where the sponsor is based

The Illinois housing market

Typical home value $296KChange, 12 months 5.3%Chicago metro $356K

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

See Illinois market data

Filing details

File number: 021-602221
Latest filing: Form D, Oct 22, 2026
Accession number: 0002157974-26-000001
Entity type: Delaware Statutory Trust
Industry group: Other Real Estate
Principal place of business: Chicago, Illinois
Exemption claimed: Rule 506(b)
First sale: Oct 8, 2026

Timeline

First sale
Oct 8, 2026
Form D filed with the SEC
Oct 22, 2026
$11.8M sold (4% of the target)
As reported Oct 22, 2026

Other recent filings from Illinois

All fund filings

This page summarizes a notice Blue Owl Real Estate Exchange VII DST filed with the SEC. Fidelis First is not affiliated with Blue Owl Real Estate Exchange VII 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 Oct 22, 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 Oct 22, 2026

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