IREX V Crossed Half Its $97,634,409 Ceiling in 98 Days, Inside Its Sponsor's 106-Day Median
Top1031's velocity record still carries the August figure of 75. 6%; the September 4 amendment, the later filing, reports 84% of the ceiling sold.
Filing trends across the market: how many DST offerings launched, how much they raised, and what has changed over time.
Talk to a 1031 specialistTop1031's velocity record still carries the August figure of 75. 6%; the September 4 amendment, the later filing, reports 84% of the ceiling sold.
Newest first, with publication dates intact.
Neither the halfway nor the 90% mark Top1031 clocks has arrived, so this Delaware Statutory Trust (DST) carries no raise pace figure yet.
The month's median Delaware Statutory Trust (DST) offering ceiling, $29. 93 million, came in below the $48. 92 million median of Top1031's tracked universe.
The filing reports 100% of the ceiling sold as of the September 1, 2026 amendment; pace measures how fast money arrived, not the offering's merit.
No amendment has yet carried the trust past half its ceiling, so the days-to-milestone pace Top1031 computes from Form D filings has no value to report.
Top1031's pace metric starts at half the offering amount sold, and no filing in this series has reported that much: the Trust has no velocity reading yet.
Against the broader market the ranking inverts: the median offering reached half in 18 days, and a fast raise says nothing about the properties.
The August 27, 2026 amendment lifted the Delaware Statutory Trust (DST) from one investor to eight, a move that measures demand and nothing beyond it.
That market median spans 3,365 programs, while Invesco Real Estate Exchange's four earlier raises took a median of 106 days to the same mark.
With neither pace mark reached, the only frame left is NexPoint's own raise history, which the filing record puts months behind the market median.
A blank pace figure is neither a slow raise nor a fast one; it is one that has not yet crossed the threshold where the clock starts.
Against the sponsor's own past programs that pace runs ahead of form, against the wider Delaware Statutory Trust (DST) market it is unhurried, and neither reading speaks to merit.
No amendment has cut the ceiling Blue Owl set at the outset, so the amount the filings report reflects demand rather than a lowered target.
No prior Fortress Real Estate Exchange raise appears in the Delaware Statutory Trust (DST) record, leaving the market's pace the only measure this offering can be set beside.
The pace measures how quickly subscriptions arrived under general solicitation, and it says nothing about the property, which the Form D never identifies.
Top1031 computes the Delaware Statutory Trust (DST)'s pace from its own Form D amendment dates, a measure of when equity arrived and nothing more.
Apollo's Delaware Statutory Trust (DST) took 262 days to pass 90% of its ceiling, faster than the sponsor's own history and slower than the market's median pace.
A single amendment carries both velocity thresholds, so the reading marks when the crossings were first observed on the record, not when demand actually reached them.
Each filing since May has added money and investors in small amounts; what that measures is demand, not the property behind the offering.
Top1031 computes the pace from the Trust's own Form D amendments, and this Delaware Statutory Trust (DST) raise trails both the sponsor's history and the market's median.
228 active 1031 DST offerings in one table, built from SEC filings and public records.