Griffin Capital (Union - Kansas City, MO) DST reported half its ceiling sold 104 days after its first sale, and 90% at 263 days. A Form D amendment filed October 9, 2026 shows the offering 99.4% subscribed, with 159 investors.
Field | Value |
|---|---|
Sponsor | Griffin Capital |
Asset class | Other Real Estate |
Offering ceiling | $59,873,419 |
Amount sold, October 9, 2026 amendment | $59,500,481 |
Completion as filed | 99.4% |
Investors | 159 |
Minimum investment | $25,000 |
Exemption | 506(c) |
First sale | January 8, 2026 |
Days to 50% of ceiling | 104 |
Days to 90% of ceiling | 263 |
Sponsor median, 50% / 90% | 163 / 234 days |
Market median, 50% / 90% (869 programs) | 108 / 181 days |
Union cleared half its ceiling at about the market's median pace for likely 1031 DST programs: 104 days against a median of 108 days. The top of the raise ran the other way. Its 263 days to 90% came later than the market median of 181 days. It came later than the sponsor's own median of 234 days as well. The front half of this raise and the back half are two different stories.
No amendment reduced the ceiling. The offering size filed in January is the size the October amendment still reports. Why the later stretch took longer than the early one is not stated; no filing in the series gives a reason.
A raise that fills is subscribed, not proven. The amendment series reports dollars sold and investor counts, and it carries no performance figures.
Sources: Form D, January 23, 2026; Form D amendment, April 22, 2026; Form D amendment, September 28, 2026; Form D amendment, October 9, 2026.
Raise velocity counts days from the first sale date on the Trust's Form D to the amendment that first reports each milestone, here 50% and 90% of the stated ceiling. Amounts sold are as the filings report them and may lag subscriptions. The sponsor median covers that sponsor's own prior raises; sponsor and market medians cover only programs identified as likely 1031 DST offerings, measured as of October 12, 2026, and exclude other Form D filers. The measure is a pace metric, not a return, a grade, or a judgment of the Offering.