Fortress Real Estate Exchange LLC

FREX DB Series I DST

The DST structure (Depositary Share Trust) combined with a 06c exemption signals this is a continuation or successor vehicle designed to accommodate a specific LP base or tax treatment, likely allowing the manager to operate with reduced disclosure burden while maintaining access to certain institutional or foreign capital; no prior EDGAR filings from this manager suggest either a first-time fund raising or a deliberate off-EDGAR operating history.