Two Form D Filings In, AX Diversified Retail Portfolio Has No Raise Pace to Measure
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.
Filing trends across the market: how many DST offerings launched, how much they raised, and what has changed over time.
Talk to a 1031 specialistThe August 27, 2026 amendment lifted the Delaware Statutory Trust (DST) from one investor to eight, a move that measures demand and nothing beyond it.
Newest first, with publication dates intact.
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) first reported more than 90% of its ceiling sold after 262 days, measured from the reported first sale.
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.
The Delaware Statutory Trust (DST) first reported half its ceiling sold after 719 days and 90% after 929 days, measured from its reported first sale.
Every filing since October 2025 has added dollars and investors, and none has cut the ceiling the sponsor set when the offering opened.
The Delaware Statutory Trust (DST) first reported half its offering sold after 53 days and 90% after 81 days, based on Form D amendment dates.
Top1031 computes the pace from this Delaware Statutory Trust (DST) offering's Form D amendments; it measures demand, not the properties behind it.
The raise has not reached the halfway mark Top1031's pace metric measures, so demand here reads as an accumulating investor count rather than a day count.
July's median new Delaware Statutory Trust (DST) offering ceiling, $26. 03 million, came in under both June's median and the median across the universe Top1031 tracks.
The filing record measures how long the equity took to move, which is a reading of demand and not of the property behind it.
The 90% mark is not yet on the record, which leaves Top1031's pace measure censored and says nothing about the property or the eventual result for investors.
229 active 1031 DST offerings in one table, built from SEC filings and public records.