The first sale in BREX Net Lease Industrial I DST was recorded on May 4, 2026, per the original Form D. Half of the $80.06 million offering amount was sold by Day 53. By Day 81, 90% of it was.
Raise velocity is a pace metric Top1031 computes from an offering's own Form D and its amendments: the days from the first reported sale to the filing that first shows half the offering amount sold, and then to the filing that first shows 90%. Amount sold is whatever the filing states on the day it was filed, and it can lag the Sponsor's own books.
Amount sold as reported, by filing date
Filing date | Amount sold | % of offering | Investors |
|---|---|---|---|
May 22, 2026 | $8,149,517 | 10.2% | 13 |
June 2, 2026 | $11,350,654 | 14.2% | 19 |
June 11, 2026 | $31,708,445 | 39.6% | 46 |
June 16, 2026 | $35,071,671 | 43.8% | 56 |
June 26, 2026 | $41,828,885 | 52.2% | 66 |
July 1, 2026 | $45,788,106 | 57.2% | 78 |
July 9, 2026 | $66,349,582 | 82.9% | 90 |
July 24, 2026 | $72,071,146 | 90% | 101 |
August 7, 2026 | $74,937,368 | 93.6% | 110 |
The path was not smooth. Two of the amendments carry most of the step-up in both dollars and investor count, and the rest move the figure modestly. Money arrived, and at points it arrived in bursts. That is all a raise pace establishes.
It says nothing about the asset. The Form D carries none of that: not the address, not the lease, not the debt, not the terms on which investors are paid. It does carry a minimum investment of $100,000. The PPM will state the distribution terms and the fee load. The offering is filed under Rule 506(b), which does not permit general solicitation.
The offering amount has not moved. There has been no downward amendment, the filing a Sponsor makes when it lowers an offering amount it once set, and no upward revision.
As of the August 7, 2026 amendment, the offering stands short of the amount it set out to raise. The next amendment, if one comes, is where the remainder shows up or does not. What the property does from here is a separate question, and no amendment answers it.