The raise for the Griffin Capital (Union - Kansas City, MO) DST is on the record in its Form D amendments, enough to see the pace rather than infer it. The Delaware Statutory Trust (DST) reported its first sale on January 8, 2026, and every filing since states the amount sold against a ceiling that has not moved. The record below runs through the July 30, 2026 amendment and no further.
Raise velocity is Top1031's own measure, computed from those filing dates. It counts the days from the first reported sale to the filing that shows the amount sold crossing half the ceiling, and then 90% of it. Half is on the record here. The 90% mark is not, so the measure is censored: the last amendment on file stops short of it, and close to the mark is not the mark. What the measure captures is how fast the equity moved. It does not speak to the property, the terms, or the eventual result for investors.
Days from first sale to | This offering | Griffin Capital median | Market median |
|---|---|---|---|
50% of ceiling | 104 | 163 | 21 |
90% of ceiling | not yet recorded | 234 | 20 |
The two comparisons point in opposite directions, and they do not carry equal weight. Griffin Capital's median rests on two prior programs; the market median rests on 2,927. A median drawn from two programs describes a short history, not a habit. Each market figure is also drawn only from the programs that reached that mark, which is why a raise still selling, like this one, counts toward neither.
The amendment record itself:
Filing | Amount sold | Investors | % of ceiling |
|---|---|---|---|
$1,079,906 | 3 | 1.8 | |
$10,794,380 | 16 | 18 | |
$16,141,528 | 26 | 27 | |
$23,306,067 | 41 | 38.9 | |
$25,567,570 | 47 | 42.7 | |
$32,513,269 | 63 | 54.3 | |
$35,319,582 | 75 | 59 | |
$36,705,267 | 81 | 61.3 | |
$37,704,048 | 86 | 63 | |
$42,206,826 | 101 | 70.5 | |
$44,410,575 | 109 | 74.2 | |
$48,470,255 | 122 | 81 | |
$51,360,340 | 133 | 85.8 |
Set against that detail, the Form D says nothing about what the money is buying. The industry line reads "Other Real Estate." The property name and the city come from the marketing title, not from the filing. There is no tenant, no occupancy, no debt figure and no distribution terms anywhere in the public record. The private placement memorandum is not a public document. The offering is a 506(c) with a $25,000 minimum.
The ceiling has not moved. It reads the same in the first filing and the most recent, and no amendment has revised it upward or cut it.
What is left is the closing slice, and the next amendment is where it either lands or does not. If the reported total crosses 90%, the second row of the comparison above gets a date. If the figure sits, that is information too, with one caveat attached: amount sold is as the filing reports it, and the filing can trail the selling desk.