NexPoint Oasis DST recorded its first investor money on November 7, 2025. The Form D amendment that first reported more than half the offering sold came 193 days later, which puts this Delaware Statutory Trust (DST) behind the pace of its sponsor's own programs and well behind the market's.
Raise velocity is a pace measure Top1031 computes from the Form D record itself: the days from the first sale date to the amendment that first reports 50% of the stated offering amount sold, and then to the amendment that reports 90%. Nothing in it comes from the sponsor. Nothing in it is a return.
Across 23 NexPoint programs, the median run to half was 118 days and the median to 90% was 189 days. Oasis has no days-to-90 reading at all, because no amendment has reported that level. The market benchmark sits further off again: 17 days to half and 15 days to most of the ceiling. Those two figures are struck at the filing level, across a benchmark of 3,729 programs that includes amendments rather than one reading per distinct Trust, which is why the market pair does not trace a single offering's path and why the 90% figure can come in below the 50% figure.
What the filings do not say is why. They report dates and dollars, and nothing about the reception behind them.
Filed | Amount sold | % of ceiling | Investors |
|---|---|---|---|
2025-12-02 | $1,823,228 | 3.9 | 3 |
2025-12-16 | $3,357,120 | 7.2 | 7 |
2025-12-22 | $3,757,918 | 8.1 | 9 |
2026-01-06 | $5,791,806 | 12.5 | 17 |
2026-01-13 | $8,074,698 | 17.4 | 24 |
2026-01-27 | $9,900,333 | 21.4 | 32 |
2026-02-03 | $12,595,528 | 27.2 | 42 |
2026-02-18 | $15,936,504 | 34.4 | 52 |
2026-04-07 | $21,263,142 | 45.9 | 71 |
2026-04-28 | $22,749,224 | 49.1 | 77 |
2026-05-19 | $24,356,374 | 52.6 | 83 |
2026-06-02 | $26,089,007 | 56.3 | 90 |
2026-06-16 | $26,925,763 | 58.1 | 93 |
2026-07-13 | $32,652,498 | 70.5 | 103 |
2026-08-17 | $37,316,281 | 80.5 | 117 |
2026-09-08 | $39,614,232 | 85.5 | 122 |
Two separate readings come out of that column, and they were struck on different days. The 193-day mark rests on the May 19, 2026 amendment, the first in the record to report more than half the offering sold. The completion ratio Top1031 carries for the Trust was struck later, at the August 17, 2026 amendment, and the September 8, 2026 filing, the most recent in the record, already sits above it. That lag is the ordinary condition of this metric. Amount sold is what the filing reports on the day it is filed, and subscriptions in hand are not visible until a sponsor amends.
The ceiling has not moved. Every amendment from the original notice forward carries the same offering amount, and the record shows no downward revision. The exemption claimed is 506(c), which permits general solicitation, though the filings do not show whether any was used. The minimum investment is $100,000.
Beyond that, the file is thin. The Form D classifies the offering under "Other Real Estate" and identifies no property, no location, no unit count and no debt terms; a search for sponsor statements or coverage of this raise located no matching items within the scope searched. The PPM will carry the asset detail and the distribution terms.
What this metric measures is elapsed days between filed reports of sold amounts. It says nothing about the property's performance or the eventual result for investors, and a Trust that fills is subscribed, not proven. The next amendment settles the one question the record leaves open: whether a filing reports the 90% mark, and how many days from the first sale it took to get there.