X0708 D LIVE 0002159404 AIREX Portfolio 12 DST 1200 17TH STREET SUITE 2900 DENVER CO COLORADO 80202 303-339-3675 DELAWARE None None Other Statutory Trust true 2026 N/A Ares Industrial Real Estate Exchange LLC 1200 17th Street Suite 2900 Denver CO COLORADO 80202 Executive Officer Sponsor of the Issuer N/A AIREX Portfolio 12 Manager LLC 1200 17th Street Suite 2900 Denver CO COLORADO 80202 Executive Officer Manager/Signatory Trustee N/A AIREX Portfolio 12 TRS LLC 1200 17th Street Suite 2900 Denver CO COLORADO 80202 Executive Officer Depositor of the Issuer Other Real Estate Decline to Disclose 06b false true false true false 500000 Ares Management Capital Markets LLC 166219 None None 1200 17th Street Suite 2900 Denver CO COLORADO 80202 All States false 501597796 0 501597796 false 0 25079890 true 0 true 21317906 true Estimate includes Dealer Manager Fee, Facilitation Fee and Organizational Exp. and RE Transaction Cost Allowance that may accrue to one or more related persons. false AIREX Portfolio 12 DST Stefanie Sommers Stefanie Sommers Managing Director and Associate General Counsel 2026-10-13