The equity moved fast by one yardstick and slow by another. BREX Net Lease Industrial I DST, a Delaware Statutory Trust (DST) sponsored by Brookfield, recorded its first sale on May 4, 2026 and crossed 90% of its ceiling on Day 81. Brookfield's earlier programs carry a median of 238 days to that mark.
Raise velocity is a pace figure Top1031 computes from an offering's own Form D filings: the days from the first reported sale to the amendment that first shows half the ceiling sold, and to the one that first shows 90%. It measures how fast the money arrived. That is all it measures. The sponsor benchmark rests on two prior programs, which makes it a comparison rather than a record; the market figure rests on the full tracked file, where across 3,365 programs the median to 90% is 16 days.
Filing date | Amount sold | % of ceiling | Investors |
|---|---|---|---|
May 22, 2026 (original notice) | $8,149,517 | 10.2% | 13 |
$11,350,654 | 14.2% | 19 | |
$31,708,445 | 39.6% | 46 | |
$35,071,671 | 43.8% | 56 | |
$41,828,885 | 52.2% | 66 | |
$45,788,106 | 57.2% | 78 | |
$66,349,582 | 82.9% | 90 | |
$72,071,146 | 90% | 101 | |
$74,937,368 | 93.6% | 110 | |
$76,330,714 | 95.3% | 113 |
The money arrived ticket by ticket at a $100,000 minimum, in an offering sold under 506(b), which bars general solicitation. Whether the buyers were right is not in the filings.
Form D says little about what the money bought. The industry box reads Other Real Estate. The notice discloses no property, no tenant, no lease term and no distribution terms; the private placement memorandum is the document where those are stated. Amounts sold are as of each filing date and can lag actual subscriptions.
No amendment cut the ceiling, and no amendment to date reports the offering fully sold. The next filing speaks to the last of the equity and to nothing else; how the properties perform is a separate record, kept elsewhere.