NexPoint Life Sciences III DST first reported more than half its offering ceiling sold 719 days after its reported first sale.
Raise velocity is a pace metric, and only that. Top1031 counts the days from an offering's first sale to the amendment reporting half the ceiling sold, and to the amendment reporting 90%, using the filing dates the Sponsor itself put on the record. It measures how fast equity was subscribed. It does not measure the property, the terms, or the eventual result for investors, and a slow raise is a slow raise, not a verdict on either. Amount sold is as each filing reports it and can lag the book.
The first Form D recorded a single investor within days of the January 25, 2024 first sale. Every filing in the record reviewed here:
Filing date | Amount sold | Share of ceiling | Investors |
|---|---|---|---|
January 31, 2024 | $148,529 | 0.5% | 1 |
February 21, 2024 | $417,406 | 1.4% | 3 |
March 12, 2024 | $517,406 | 1.7% | 4 |
March 26, 2024 | $1,551,858 | 5.1% | 7 |
May 21, 2024 | $1,946,858 | 6.3% | 10 |
July 10, 2024 | $2,913,131 | 9.5% | 14 |
August 12, 2024 | $4,023,753 | 13.1% | 19 |
September 26, 2024 | $4,198,753 | 13.7% | 21 |
October 16, 2024 | $4,789,837 | 15.6% | 24 |
November 6, 2024 | $6,566,766 | 21.4% | 31 |
December 17, 2024 | $8,610,539 | 28.1% | 37 |
January 22, 2025 | $9,565,646 | 31.2% | 40 |
January 29, 2025 | $9,865,646 | 32.2% | 41 |
April 18, 2025 | $11,537,013 | 37.6% | 47 |
August 6, 2025 | $14,150,789 | 46.2% | 59 |
January 13, 2026 | $25,178,789 | 82.1% | 81 |
August 11, 2026 | $27,965,695 | 91.2% | 92 |
January 31, 2024
Amount sold
$148,529
Share of ceiling
0.5%
Investors
1
February 21, 2024
Amount sold
$417,406
Share of ceiling
1.4%
Investors
3
March 12, 2024
Amount sold
$517,406
Share of ceiling
1.7%
Investors
4
March 26, 2024
Amount sold
$1,551,858
Share of ceiling
5.1%
Investors
7
May 21, 2024
Amount sold
$1,946,858
Share of ceiling
6.3%
Investors
10
July 10, 2024
Amount sold
$2,913,131
Share of ceiling
9.5%
Investors
14
August 12, 2024
Amount sold
$4,023,753
Share of ceiling
13.1%
Investors
19
September 26, 2024
Amount sold
$4,198,753
Share of ceiling
13.7%
Investors
21
October 16, 2024
Amount sold
$4,789,837
Share of ceiling
15.6%
Investors
24
November 6, 2024
Amount sold
$6,566,766
Share of ceiling
21.4%
Investors
31
December 17, 2024
Amount sold
$8,610,539
Share of ceiling
28.1%
Investors
37
January 22, 2025
Amount sold
$9,565,646
Share of ceiling
31.2%
Investors
40
January 29, 2025
Amount sold
$9,865,646
Share of ceiling
32.2%
Investors
41
April 18, 2025
Amount sold
$11,537,013
Share of ceiling
37.6%
Investors
47
August 6, 2025
Amount sold
$14,150,789
Share of ceiling
46.2%
Investors
59
January 13, 2026
Amount sold
$25,178,789
Share of ceiling
82.1%
Investors
81
August 11, 2026
Amount sold
$27,965,695
Share of ceiling
91.2%
Investors
92
The ceiling of $30,661,253 is unchanged in every filing listed, from the first to the latest. A sponsor that cuts a ceiling it once set leaves that mark on the record, and NexPoint did not.
The second milestone came 929 days after the first sale. The bulk of the equity moved late: the January 13, 2026 amendment is the single largest step in the path, and the two filings of 2026 carry the raise from under half to past 90%. Whether that reflects a change in distribution, in the offering, or simply in reporting cadence, the filings do not say.
The Form D itself says almost nothing about what the money bought. Asset class is recorded as Other Real Estate, the minimum investment as $100,000, the exemption as 506(c), which permits general solicitation. The filing record does not identify the property, its location, or its tenant.
The next amendment is the one to read. It records whether the balance beneath the ceiling was subscribed, and on what date. What the property does is a separate document.