Fifty-three days separated the first sale of interests in BREX Net Lease Industrial I DST, which the original filing reports as May 4, 2026, from the June 26, 2026 amendment that first showed more than half the ceiling subscribed. By the July 24, 2026 amendment, the latest filing on record as of July 26, 2026, the Trust had reached 90% of that ceiling. The median time to the halfway mark across the 1,009 programs in Top1031's pace set is 91 days. Brookfield's own median for that milestone is 159 days, drawn from two programs.
Raise velocity is a pace metric Top1031 computes from the Form D record itself: the days from the first sale date reported in the original filing to the amendment that first reports a given share of the ceiling sold. Nothing in it comes from the sponsor.
Offering term | As filed |
|---|---|
Total offering amount | $80,055,365 |
Minimum investment | $100,000 |
Filing | Amount sold | Share of ceiling | Investors |
|---|---|---|---|
May 22, 2026 (original) | $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 |
Each figure is as of the filing that reports it. The ceiling never moved: the original filing and every amendment since carry the same amount, so this file holds no downward revision.
The offering is exempt under 506(b), which forecloses general solicitation.
What the record withholds is the asset. A Form D names no property, no location, no tenant, no debt, and no distribution terms; those sit in the private placement memorandum, which is not public.
The sponsor comparison earns a qualifier. Two raises are a thin base, and they say little on their own about how a distribution channel behaves. The market median rests on a far larger set and is the sturdier of the two figures. Both point the same way here.
Top1031's velocity computation for this offering holds a day count for the halfway mark only. It was run against the July 9, 2026 amendment, at 82.9%, so the 90% level reported on July 24 carries no day count, and Top1031 does not supply one by arithmetic. No statement from Brookfield about the raise appears in the record, and no coverage of it.
The balance of the ceiling either shows up in the next amendment or it does not. Either way that filing reports subscriptions and dates, not merit: a raise that fills is subscribed, which is the whole of what this record establishes.