The July 30, 2026 amendment to Blue Owl Real Estate Exchange VI DST's Form D named 40 investors. The next one, filed August 28, 2026, named 116. That jump in the investor roll is where the demand in this raise shows up in the record, and it still leaves the Delaware Statutory Trust (DST) short of half the $342.91 million ceiling set on the initial Form D. The first sale was May 21, 2026.
Top1031 computes raise velocity from an offering's Form D and its amendments: the days from the first sale to the filing that first shows 50% of the ceiling sold, and the days to the filing that first shows 90%. Neither of those filings exists here. The reading is censored, not slow.
Filing | Amount sold | Investors | % of ceiling |
|---|---|---|---|
June 4, 2026, initial Form D | $4,803,027 | 4 | 1.4% |
$14,394,466 | 10 | 4.2% | |
$16,824,302 | 15 | 4.9% | |
$37,948,396 | 30 | 11.1% | |
$42,109,784 | 40 | 12.3% | |
$93,760,476 | 80 | 27.3% | |
$119,546,056 | 116 | 34.9% |
Each figure is what that filing reported on the day it was filed, and reporting can lag subscription. The August 28 amendment is the most recent on the docket.
Blue Owl's own history is the frame that fits, and it is a slower one than the market's. Across five programs, the sponsor reached half its ceilings in a median 92 days and 90% in a median 147 days. The market medians, drawn from 3,365 programs, are 18 days to half and 16 days to 90%. This offering has no days-to-50% figure to set beside either, because it has not crossed 50%. Read the market pair as medians rather than as a path: its 90% figure sits below its 50% figure, which no single raise could trace.
Pace is demand, and demand is all it is. It does not speak to the property, the debt, the fee load, or the eventual result for investors. A raise that fills quickly is subscribed quickly; that is the whole of the claim. The Form D is thin by design here: it classifies the asset only as other real estate, sets a $250,000 minimum, and claims 506(b), which forecloses general solicitation. It carries no distribution terms and no performance figures. Those belong to the PPM.
The next amendment is the one to read. If it shows the raise past half, there is a days-to-50% figure to set beside the sponsor's own median. If it does not, the reading stays censored for another cycle. Either way the date comes from the filing.