IREX V Diversified Portfolio DST crossed half its $97,634,409 ceiling 98 days after its first sale on May 8, 2026. The median for the four earlier programs of its Sponsor, Invesco Real Estate Exchange, is 106 days to that milestone; the median across the 3,365 programs in the market figure is 18. So this Delaware Statutory Trust (DST) reached the halfway mark at close to the pace its sponsor has managed before, and slowly against the market. No amendment has cut the ceiling: the same offering amount appears in every filing from May 22 forward.
Two figures in the record describe how much has sold, and they do not agree. Top1031's velocity computation carries 75.6%, the amount the August 26 amendment reports. The amendment of September 4, 2026 reports 84%. This report uses the September 4 figure, because it is the later of the two filings.
Through late June the raise had barely started. Most of the money came in across July and August.
Filing date | Amount sold | Share of ceiling | Investors |
|---|---|---|---|
May 22, 2026 | $1,518,486 | 1.6% | 2 |
June 2, 2026 | $6,766,425 | 6.9% | 4 |
June 26, 2026 | $7,766,000 | 8% | 5 |
July 10, 2026 | $15,887,213 | 16.3% | 15 |
July 23, 2026 | $37,145,301 | 38% | 28 |
July 31, 2026 | $48,303,351 | 49.5% | 40 |
August 14, 2026 | $63,563,656 | 65.1% | 56 |
August 26, 2026 | $73,771,670 | 75.6% | 69 |
September 4, 2026 | $82,019,027 | 84% | 82 |
Raise velocity is a pace metric Top1031 computes from those amendment dates: the days from the first reported sale to the filing that shows half the ceiling sold, and the days to the filing that shows 90%. Each amount above is what the named filing reports as of its file date. The 90% figure has no value for this trust, because no filing has reported that level; the measure is censored there.
Both comparisons carry caveats the numbers do not show on their own. The sponsor median rests on four programs, a base thin enough that one slow or fast raise moves it. The market medians rest on thousands, and they run in an order no individual raise could: 16 days to 90%, below the 18 days to half. Nothing in the filing record explains that. The sponsor median to 90% is 230 days.
The offering sold under 506(b), which forecloses general solicitation, and the minimum investment is $250,000. What the pace measures is demand inside that channel, and only that. It says nothing about the buildings, the debt on them, the fee load, or the eventual result for the people who wired the money. A Form D names no property. The trust is described as commercial and diversified, and the particulars sit in the private placement memorandum, not in the record this measure is built from.
The second half of the measure stays empty. It gets a number when a filing reports one.