Exit Report under Regulation A (Form 1-Z)

Exact name of issuer as specified in the issuer's charter	DAKOTA REAL ESTATE INVESTMENT TRUST
Address of Principal Executive Offices
Address 1	3003 32nd Avenue South
Address 2
City	FARGO
State/Country	NORTH DAKOTA
Mailing Zip/ Postal Code	58103
Phone	701-239-6879
Commission File Number(s)	024-12667

Summary Information

Date of qualification of the offering statement	11-18-2025
Date of commencement of the offering	11-18-2025
Amount of securities qualified to be sold in the offering	10568275
Amount of securities sold in the offering	6888458
Price per security:	$ 18.0500
The portion of aggregate sales attributable to securities sold on behalf of the issuer	$ 6888458.00
The portion of aggregate sales attributable to securities sold on behalf of selling securityholders:	$ 0.00

Fees in connection with this offering and names of service providers.

Underwriters - Name of Service Provider	N/A	Underwriters - Fees	$ 0.00
Sales Commissions - Name of Service Provider	N/A	Sales Commissions - Fee	$ 0.00
Finders' Fees - Name of Service Provider	N/A	Finders' Fees - Fees	$ 0.00
Accounting or Audit - Name of Service Provider	Eide Bailly	Accounting or Audit - Fees	$ 5730.00
Legal - Name of Service Provider	Randy Sparling	Legal - Fees	$ 9900.00
Promoters - Name of Service Provider	N/A	Promoters - Fees	$ 0.00
Blue Sky Compliance - Name of Service Provider	Randy Sparling	Blue Sky Compliance - Fees	$ 1500.00

CRD Number of any broker or dealer listed

Net proceeds to the issuer

$ 0.00

Clarification of responses (if necessary):

The Offering Statement related to a distribution reinvestment plan whereby holders received shares in lieu of cash payment of distributions otherwise due them.

Signature

Pursuant to the requirements of Regulation A,

Cik	0001074922

(Name of issuer as specified in charter)

DAKOTA REAL ESTATE INVESTMENT TRUST

certifies that it meets all of the conditions for termination of Regulation A reporting specified in Rule 257(d) and that there are no classes of securities other than those that are the subject to this Form 1-Z regarding which the issuer has Regulation A reporting obligations.

(Name of issuer as specified in charter)

DAKOTA REAL ESTATE INVESTMENT TRUST

Has caused this certification to be signed on its behalf by the undersigned duly authorized person.

By	/s/ Matthew Pedersen
Date	09-24-2026
Title	President (Principal Executive Officer)

Instructions: This Part II of Form 1-Z is required by Rule 257(d) of Regulation A. An officer of the issuer or any other duly authorized person may sign, and must do so by typed signature. The name and title of the person signing the form must be typed or printed under the signature. The signatory to the filing must also manually sign a signature page or other document authenticating, acknowledging or otherwise adopting his or her signature that appears in the filing. Such document must be executed before or at the time the filing is made and must be retained by the issuer for a period of five years. Upon request, the issuer must furnish to the Commission or its staff a copy of any or all documents retained pursuant to this instruction.