X0708 D/A LIVE 0002068898 Blue Owl Real Estate Exchange III DST 150 N. RIVERSIDE PLAZA 37TH FLOOR CHICAGO IL ILLINOIS 60606 (312) 741-1819 DELAWARE None None Other Delaware Statutory Trust true 2025 N/A Blue Owl Real Estate Exchange LLC 150 N. Riverside Plaza 37th Floor Chicago IL ILLINOIS 60606 Executive Officer Sponsor of the Issuer N/A Blue Owl Real Estate Exchange DST Manager LLC 150 N. Riverside Plaza 37th Floor Chicago IL ILLINOIS 60606 Executive Officer Manager and Signatory Trustee of the Issuer N/A Blue Owl Real Estate Exchange Depositor LLC 150 N. Riverside Plaza 37th Floor Chicago IL ILLINOIS 60606 Executive Officer Depositor of the Issuer Neena Reddy 150 N. Riverside Plaza 37th Floor Chicago IL ILLINOIS 60606 Executive Officer General Counsel and Secretary of the Member of the Manager of the Issuer Other Real Estate Decline to Disclose 06b true 0002068898-25-000010 2025-05-29 false true false 250000 RBC Capital Markets, LLC 31194 None None 200 Vesey Street New York NY NEW YORK 10281 CA CALIFORNIA CO COLORADO FL FLORIDA IL ILLINOIS IA IOWA KS KANSAS MD MARYLAND MA MASSACHUSETTS MN MINNESOTA NE NEBRASKA NH NEW HAMPSHIRE NC NORTH CAROLINA OR OREGON PA PENNSYLVANIA TN TENNESSEE false Roger Bowlin 1905652 Aurora Securities 46147 650 NE Holladay Street Suite 1600 Portland OR OREGON 97232 WA WASHINGTON false Cheryl L. Young 3065471 Rockefeller Financial LLC 291361 750 University Avenue Suite 240 Los Gatos CA CALIFORNIA 95032 CA CALIFORNIA false Merrill Lynch, Pierce, Fenner & Smith Incorporated 7691 None None One Bryant Park New York NY NEW YORK 10036 CA CALIFORNIA FL FLORIDA GA GEORGIA MD MARYLAND MA MASSACHUSETTS NY NEW YORK PA PENNSYLVANIA SC SOUTH CAROLINA TX TEXAS UT UTAH WA WASHINGTON false JR Broadbent 3132498 DFPG Investments, LLC 155576 9017 South Riverside Drive Suite 210 Sandy UT UTAH 84070 CA CALIFORNIA false David Maurer 3236029 MML Investors Services, LLC 10409 10 Lake Center Executive Park 401 Route 73 North, Suite 201 Marlton NJ NEW JERSEY 08053 NJ NEW JERSEY false Gregory Avallon 5432689 MML Investors Services, LLC 10409 6080 Center Drive Suite 120 Los Angeles CA CALIFORNIA 90045 NH NEW HAMPSHIRE false McKenna Duncan 7310472 Realized Financial, Inc. 22333 500 West 13th Street Austin TX TEXAS 78701 CA CALIFORNIA false Lauren Loucks 6418285 DFPG Investments, LLC 155576 462 East 800 North Orem UT UTAH 84097 AZ ARIZONA false Tim Whipple 2829688 DFPG Investments, LLC 155576 462 East 800 North Orem UT UTAH 84097 AZ ARIZONA false 103008086 97382324 5625762 Regarding Item 11, the Issuer may accept smaller investments in the Sponsor's sole discretion. false 101 6180485 true 0 true Sales Commissions include estimates of the maximum amount of the Upfront Sales Load that may be paid for the entire offering. 1287601 true Item 16 is an estimate of expense reimbursements that may accrue to one or more Related Persons. false Blue Owl Real Estate Exchange III DST /s/ Andrew Morris Andrew Morris Authorized Signatory 2025-10-23