KB Lake Elmo, DST's $28.85 million raise lags sponsor and market pace

A Form D amendment filed October 27, 2026 is the first for KB Lake Elmo, DST to show 77.3% of its $28.85 million ceiling sold. Kingsbarn Realty Capital sponsors the offering, which reported its first sale on August 21, 2024.

Kingsbarn's own record runs faster. Across 13 of the sponsor's likely 1031 DST programs, the median raise reached half its ceiling in 52 days. The median across 880 likely 1031 DST programs is 112 days to half. The 797 days here sit well outside both.

The earlier filings mark the path. The first Form D, filed November 5, 2024, reported 28.8% of the ceiling sold to 2 investors. The amendment of November 6, 2025 reported 42.6%, from 7 investors. The ceiling has not been cut in any filing.

Pace is a reading of demand and nothing else. It is not a verdict on the property, the lease or the debt behind the trust, and the Form D carries no performance figures. The next amendment will show whether the remaining equity moves faster than the equity before it.

Sources: Form D, filed November 5, 2024; Form D amendment, filed November 6, 2025; Form D amendment, filed October 27, 2026.

Raise velocity is a pace measure Top1031 computes from an offering's own Form D dates: days from the first sale a Form D reports to the first filing showing 50%, then 90%, of the stated ceiling sold. Amounts sold are as filed and can lag subscriptions; an offering below 90% has no days-to-90% figure; sponsor and market medians cover likely 1031 DST programs only, as of October 28, 2026.