# BXREX Portfolio II DST

> Blackstone Real Estate Exchange LLC ("BXREX" or the "Sponsor") is offering up to 100% of the beneficial interests (the "Interests"), totaling a maximum offering amount of $187 million, in BXREX Portfolio II DST.

Source: https://baker1031.com/invest/bxrex-portfolio-ii-dst


## Key terms

| Term | Value |
|---|---|
| Status | Under review |
| Property type | Industrial |
| Sponsor | Blackstone |
| Location | New Jersey, Pennsylvania |
| Minimum investment | $500,000 |
| Year-1 projected distribution | 4.64% |
| Average projected distribution | 4.88% |
| Projected hold | 10 yrs |
| Offering size | $187,308,863 |
| Equity raise | $187,308,863 |
| Debt | $0 |
| Loan-to-value | All cash |
| 721 exit | Mandatory |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 4.64% |
| Year 2 | 4.64% |
| Year 3 | 4.64% |
| Year 4 | 4.64% |
| Year 5 | 4.64% |
| Year 6 | 5.11% |
| Year 7 | 5.11% |
| Year 8 | 5.11% |
| Year 9 | 5.11% |
| Year 10 | 5.11% |

## Overview

Blackstone Real Estate Exchange LLC ("BXREX" or the "Sponsor") is offering up to 100% of the beneficial interests (the "Interests"), totaling a maximum offering amount of $187 million, in BXREX Portfolio II DST. BXREX Portfolio II DST is a Delaware Statutory Trust (“DST”) that owns two industrial properties, located in Somerset, NJ and Middletown, PA (the “Properties”). Acquisition of the Interests is designed for, but not limited to, prospective investors seeking to defer recognition of gain on the sale of other real property under Section 1031.

The Properties are subject to a 10-year, “triple-net” master lease (the “Master Lease”) with a subsidiary of BREIT (the “Master Tenant”). The Master Tenant is responsible for the costs of operating, managing and maintaining the Properties and has the sole and exclusive right and obligation to manage, lease, operate, repair and maintain the Properties. During the term of the Master Lease, the Master Tenant pays the DST fixed rent in monthly installments. The fixed Master Lease rental amounts will be distributed monthly to the DST investors. BREIT’s Operating Partnership (the “Operating Partnership”) has guaranteed all of the Master Tenant’s payment and performance obligations under the Master Lease.

Information reflects my offering records as of October 28, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/bxrex-portfolio-ii-dst.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact