The June 12, 2026 amendment to HPI Farmhouse DST reported 82 investors and a ceiling not yet full. It closed a spring of steady increments, each filing showing more sold than the one before it. Then the record stops. The next entry is dated September 15, 2026, and it reports the Delaware Statutory Trust (DST) subscribed, with 85 investors.
Raise velocity is Top1031's own computation, drawn from those filing dates and nothing else: the days from the first reported sale to the amendment that first shows half the ceiling sold, then to the one showing 90%. The initial notice dates the first sale to March 6, 2026. Half took 39 days. Reaching 90% took 98 days. Neither figure comes from Hamilton Point Investments; both are Top1031 counts off the Form D record.
Run the same computation across the six programs in Hamilton Point's benchmark and the median is 23 days to half and 44 days to 90%. Across 4,591 programs market-wide it is 15 days to both milestones. Every one of those numbers is a pace figure from the filing record rather than a performance figure from any sponsor, and pace ranks one thing only: how quickly subscriptions arrived. It is not a return, not a grade, and not evidence about the real estate.
Filing date | Amount sold | % of ceiling |
|---|---|---|
March 20, 2026 | $9,688,814 | 33.6 |
March 26, 2026 | $10,892,713 | 37.8 |
April 7, 2026 | $14,293,147 | 49.5 |
April 14, 2026 | $15,945,624 | 55.3 |
April 27, 2026 | $19,815,523 | 68.7 |
May 19, 2026 | $22,819,652 | 79.1 |
June 3, 2026 | $23,580,039 | 81.7 |
June 12, 2026 | $26,671,992 | 92.5 |
September 15, 2026 | $28,848,598 | 100 |
The initial notice, filed March 20, 2026, already reported sales, so part of the raise predates the first document in the file. The ceiling itself never moved. Every filing through the September amendment repeats the same total offering amount, and the record carries no downward revision.
Form D names no property. It carries no debt figure, no fee schedule, no distribution terms and no hold period; those sit in the PPM, which no amendment reproduces. The notices claim Rule 506(c), which permits general solicitation and puts the burden of verifying accredited status on the sponsor.
With the ceiling filled, the Form D record has said what it can. The investors in that final amendment accepted the terms in front of them at a $200,000 minimum. What the property does from here, and what Hamilton Point reports to those investors, sit on documents this file does not contain.