JWCM Vivian, DST crossed half of its offering ceiling in a Form D amendment filed September 29, 2026, 350 days after its first sale. The raise has not closed: the filing record reports 53.1% of the ceiling sold as of October 22, 2026. Its sponsor, JWCM Exchange I, reached that mark in a median 228 days across its 2 prior programs, a thin base for a median. The market median across 876 likely 1031 DST programs is 109 days.
Field | Detail |
|---|---|
Trust | JWCM Vivian, DST |
Sponsor | JWCM Exchange I |
First sale | October 14, 2025 |
Offering ceiling | $46,170,900 |
Amount sold, latest amendment | $24,519,802 |
Latest amendment filed | October 21, 2026 |
Minimum investment | $25,000 |
Exemption | 506(c) |
Asset class | Other Real Estate |
Downward amendments | none |
Pace measures how fast equity was placed and nothing else. By that measure this raise moved slowly against both benchmarks. Slower placement is slower demand, not a weaker property or weaker terms, and the Form D filings carry no performance figures.
The 90% mark has not been reached in the filing record. The sponsor's median to that point is 301 days; the market's is 182. What the record shows is an offering subscribed past half, which is a reading on demand and nothing more.
Sources: Form D, October 28, 2025; Form D/A, September 29, 2026; Form D/A, October 21, 2026.
Raise velocity is computed by Top1031 from Form D and Form D/A filing dates and reported amounts sold; the milestones are the first filing at which the amount sold reaches 50% and 90% of the stated offering ceiling; sponsor and market medians cover programs identified as likely 1031 DST offerings, not all Reg D filings.