DST Sales Surpass $8.4 Billion in 2025
Written by March 3, 2026
Delaware Statutory Trust (DST) fundraising accelerated meaningfully in 2025, reflecting continued capital flows into passive real estate investment structures. This is also reflective of increasing commercial real estate transactions and investors continuing to look to defer taxes through 1031 exchanges, as a majority of DST investments are made in conjunction with a 1031 exchange.
According to AltsWire and data compiled by Mountain Dell Consulting, total DST equity raised reached approximately $8.4 billion in 2025, up from roughly $5.6 billion in 2024. The 2025 figure narrowly missed hitting the high-water mark of 9.2 billion set in 2022.1
Momentum strengthened as the year progressed. December marked the highest monthly fundraising total of 2025, with approximately $862 million raised. Many expect that momentum to continue or perhaps accelerate through 2026 – if this happens, DST volume in 2026 could potentially surpass the 10 billion dollar mark.
The data also showed that multiple established sponsors contributed meaningfully to total fundraising volume, with multifamily and industrial assets representing a significant share of offerings. While sponsor rankings shift annually, the broader pattern indicates steady platform participation and continued product availability across property types.
What This Means for Investors
The increase in DST fundraising suggests that investor demand for passive investment properties remains strong. It also indicates that the broader investment real estate market has increased transactions and that investors continue to value tax-deferral strategies such as 1031 exchanges.
Strong capital flows into DSTs are likely representative of:
- Liquidity and transaction volume in commercial real estate
- Continued availability of quality DST replacement property options
- Ongoing investor appetite for diversified, professionally managed assets
- Aging investors looking for an off-ramp to active real estate ownership
As with any investment vehicle, structure and suitability depend on individual objectives. However, the 2025 data indicate that Delaware Statutory Trusts continue to play an active role in the 1031 exchange landscape.
At Chicagoland 1031 Exchange, we help investors understand the 1031 exchange process. We know that everyone’s situation is different, and we are here to help you understand the ins and outs of 1031 exchanges and DST investments. We continue to believe that meaningful client relationships, along with thoughtful and thorough due diligence, are the best way we can serve our clients.
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The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. DST 1031 properties are only available to accredited investors (typically have a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years, and reasonably expects the same for the current year) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity please verify with your CPA and Attorney. There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Because investor’s situations and objectives vary this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.
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Chicagoland 1031 Exchange does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.
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