Sealy & Company Closes $40.4 Million Equity Raise for Sealy Industrial I DST Indianapolis Warehouse

DALLAS — Sealy & Company has closed a $40.4 million equity raise for Sealy Industrial I, DST, the firm's first retail-distributed Delaware statutory trust offering, the company announced Sept. 28. The completed offering marks an expansion of Sealy's 1031 exchange investment platform into the retail wealth management channel and is backed by a fully leased, newly built industrial warehouse in Indianapolis.

First Retail DST Offering Closes for Sealy & Company

The Sealy Industrial I, DST offering was managed through Sealy Investment Securities, LLC, the managing broker-dealer for Sealy-sponsored investment offerings. Prior to launching the DST, Sealy-sponsored entities had acquired nearly $1 billion of commercial real estate through custom exchange transactions. The firm currently manages more than $3 billion in assets and has completed more than $8 billion in investment volume throughout its history.

"Closing our first retail DST offering is a meaningful milestone for Sealy," said Peter Jackson, President and Chief Executive Officer of Sealy Investment Securities, LLC. "We appreciate the confidence of our investors and distribution partners and the collaboration of our investment, distribution and operations teams throughout the offering. This close reflects continued demand for institutional-quality industrial real estate and the strength of Sealy's investment and distribution platform."

Orchard Securities provided partnership and distribution support throughout the offering. Sealy said Orchard's involvement, combined with the firm's internal operations teams, helped facilitate the subscription and closing process for participating investors and firms.

The Property: A 2024 Build-to-Suit in Indianapolis

Sealy Industrial I, DST owns 4210 W. 67th Street, a 303,456-square-foot Class A warehouse and distribution facility completed in 2024. Sealy & Company acquired the property in December 2025. The facility sits on approximately 29.98 acres and includes humidity-controlled cold-storage space designed to support specialized distribution operations.

The building is fully leased to Pioneer Hi-Bred International, Inc., a Corteva company, through December 2036. The facility was purpose-built for the tenant and serves as a mission-critical operations and distribution site supporting seed research, production and logistics. The property is located within an established industrial corridor on the northwest side of Indianapolis, with proximity to I-69 and regional transportation infrastructure.

Because the trust owns a single building occupied by a single tenant, the investment's performance is closely tied to the creditworthiness and continued operations of Pioneer Hi-Bred/Corteva. The lease running through December 2036 limits near-term rollover exposure.

DST Structure and 1031 Exchange Platform

A Delaware statutory trust structure allows eligible investors to acquire fractional interests in an institutional-scale property. Investors commonly use DST interests as replacement property in 1031 exchanges, though suitability, liquidity and tax treatment depend on individual offering documents and investor circumstances. The $40.4 million figure represents the equity raised through the offering and is not necessarily the property's purchase price or total capitalization.

The retail DST channel broadens Sealy's investor base beyond institutional and high-net-worth direct exchange buyers. Sealy stated that the offering has closed and is no longer being offered.

Indianapolis Industrial Market Context

The close comes as Indianapolis industrial market fundamentals have strengthened following a period of elevated new supply. Industrial vacancy in Indianapolis fell to 6.0% in the second quarter of 2026, down 470 basis points year over year. The market recorded 4.2 million square feet of net absorption in the second quarter and 7.8 million square feet in the first half of 2026. Average asking rents on a net basis reached $6.31 per square foot annually, up 5.2% year over year, while direct lease rates increased from $6.33 to $6.43 per square foot during the second quarter.

Demand has been particularly strong for modern industrial space. Vacancy in post-2020 buildings declined by more than 1,200 basis points to approximately 11%, reflecting tenant preference for newer, more functional facilities — a category that includes the 4210 W. 67th Street property.

Sealy has been building its Indianapolis industrial presence across multiple transactions. The firm's regional holdings include a 1.1 million-square-foot, seven-building Class A portfolio at the Park 100 industrial campus, reported as 92% leased across 25 tenants, as well as earlier acquisitions of additional Indianapolis distribution properties totaling 243,902 square feet across two buildings.

About Sealy & Company

Founded in 1946, Sealy & Company is a fourth-generation family-owned commercial real estate investment and operating company specializing in industrial and logistics properties. The Dallas-based firm acquires, develops, redevelops, manages and operates industrial real estate throughout the United States through a platform that includes acquisitions, development, asset management, property management, construction management and brokerage services.

This article is provided for informational purposes only. The securities referenced were offered solely through confidential offering materials to investors who met applicable eligibility and suitability requirements. Sealy Investment Securities, LLC is a member of FINRA/SIPC. The offering described has closed, and no offer is being made through this communication. Investments in real estate involve risks, including the possible loss of principal. Past performance is not indicative of future results.

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Sealy & Company — Sealy Closes $40.4M Sealy Industrial I DST Equity Raise