JWCM Vivian, DST reported 45.7% of its offering ceiling sold in its August 11, 2026 amendment. Neither of the milestones Top1031's pace clock measures has been reached, so this Delaware Statutory Trust (DST) carries no velocity reading at all.
The metric is computed from an offering's own Form D amendments: the days from the date of first sale to the first filing reporting 50% of the offering amount sold, and to the first reporting 90%. The initial Form D puts first sale at October 14, 2025.
The framing figures exist even where the Trust's own do not. The market medians in the pace set, drawn from 2,927 programs, are 21 days to half and 20 days to 90%. Sponsor JWCM Exchange I's own record runs well behind that: a median of 228 days to half and 301 days to 90%, drawn from two programs. Two programs make a thin base for a median, and that is worth holding in mind before either median is used for much.
Filed | Amount sold | % of $46,170,900 ceiling | Investors |
|---|---|---|---|
2025-10-28 | $221,603 | 0.5% | 1 |
2025-12-16 | $1,556,635 | 3.4% | 7 |
2025-12-30 | $1,947,932 | 4.2% | 10 |
2026-01-09 | $2,561,260 | 5.5% | 13 |
2026-01-21 | $3,053,105 | 6.6% | 16 |
2026-02-05 | $3,953,105 | 8.6% | 18 |
2026-02-18 | $5,363,663 | 11.6% | 20 |
2026-03-27 | $8,655,821 | 18.7% | 27 |
2026-04-17 | $10,971,131 | 23.8% | 35 |
2026-04-27 | $11,407,329 | 24.7% | 37 |
2026-06-16 | $15,747,701 | 34.1% | 48 |
2026-08-11 | $21,113,968 | 45.7% | 62 |
The shape of that path is worth more than any single row. The gaps between filings are uneven, and the two widest fall at the beginning of the record and ahead of the August amendment. In every filing after the first, both the sold figure and the investor count are higher than in the one before it.
The filings also report a $25,000 minimum investment. Neither that figure nor the investor count identifies who is buying, and nothing in the record explains the pace. No sponsor commentary on the raise accompanies the filings, and the Form D carries the offering under Other Real Estate rather than naming a property type. The exemption claimed is 506(c). What the amount sold cannot speak to is the property, the debt, the fees, or the eventual result for investors.
One reconciliation note: the completion figure carried in Top1031's velocity record, 34.1%, still tracks the June 16, 2026 amendment. The figures here come from the August 11 filing, the latest on the record. Amount sold is as the filing reports it, and reporting can lag subscriptions.
The next amendment is the one that decides the metric. If it reports half the ceiling sold, a days-to-half figure exists for this Trust for the first time and can be set beside the sponsor's history and the market's. If it does not, that is information as well.