BREX Net Lease Data Center I DST Reports 13.2% of Its Ceiling Sold

BREX Net Lease Data Center I DST recorded its first sale on August 3, 2026. Each Form D filing since has reported more equity and more investors than the one before it.

Raise velocity is a pace metric Top1031 computes from the filings themselves: the days from an offering's first sale to the date a filing first reports half the ceiling sold, and then to 90%. Both readings require an offering to get there.

Two bases exist for framing such a reading when one arrives. Across three Brookfield programs with a completed reading, half the ceiling came at a median of 137 days and 90% at a median of 206 days. Across 3,729 programs market-wide, the medians are 17 days to half and 15 days to 90%. Three programs is a thin base for a median, and it is worth naming as what it is rather than treating as a pattern. In the market set, the second reading falling below the first is what the computation returns; nothing in the filing record here explains that ordering, and neither figure describes a trajectory this offering has to follow.

What the pace shows is demand, and only demand. Equity that moves quickly is subscribed quickly, which says nothing about the building, the tenant, the lease, or the eventual result for investors. The offering is made under 506(b), so the equity travels through existing relationships rather than advertising, with a $100,000 minimum. The Form D names no property and no tenant; the asset class is filed as Other Real Estate, and the substance of what the Trust owns lives in the offering documents, not here.

Amount sold is as each filing reports it on its own date, which can lag subscriptions already taken. No amendment has cut the ceiling.

Until a filing reports half the ceiling sold, no pace reading exists. The next amendment either carries the balance past that mark, which produces the first reading that can be set beside the sponsor's history and the market's, or it does not.