Correction (October 4, 2026): an earlier version used a market or sponsor median without establishing a DST-only comparison population. This version uses likely 1031 DST issuers.
The first interests in NexPoint Oasis DST sold on November 7, 2025. The amendment filed September 23, 2026 is the one that carried the Delaware Statutory Trust (DST) offering past 90% of its ceiling.
Raise velocity here means two counts and nothing more: days from the first reported sale to the amendment showing half the ceiling sold, and days to the amendment showing 90%. Both benchmarks below are restricted to likely 1031 DST programs, so the comparison is against offerings sold into the same exchange market rather than against every Form D issuer.
Milestone | NexPoint Oasis DST | NexPoint median, 23 programs | Likely 1031 DST median, 864 programs |
|---|---|---|---|
Days to 50% of ceiling | 193 | 118 | 107 |
Days to 90% of ceiling | 320 | 189 | 181 |
Both medians are filing-level: each is a median across a cohort of Form D filings, amendments included, not a median across unique Trusts, and the two sponsor figures are separate medians rather than one program's path through both points. Set beside them, the shape of this raise is plain. It crossed half its ceiling later than the median NexPoint filing crossed 90%, and later than the median likely 1031 DST program crossed it too.
What the raise did not do is shrink. The ceiling appears unchanged in every amendment, and no downward revision sits in the record. Amendments came at short intervals through the winter, then the sold path goes quiet: no amendment reporting a new sold amount between February 18, 2026 and April 7, 2026. The accession sequence skips an entry in that stretch, so the quiet is in the sold path, not necessarily in the filing record. When amendments resumed, the money kept coming, in steps large and small.
Filing date | Amount sold | Investors | % of $46,331,389 ceiling |
|---|---|---|---|
December 2, 2025 | $1,823,228 | 3 | 3.9% |
December 16, 2025 | $3,357,120 | 7 | 7.2% |
December 22, 2025 | $3,757,918 | 9 | 8.1% |
January 6, 2026 | $5,791,806 | 17 | 12.5% |
January 13, 2026 | $8,074,698 | 24 | 17.4% |
January 27, 2026 | $9,900,333 | 32 | 21.4% |
February 3, 2026 | $12,595,528 | 42 | 27.2% |
February 18, 2026 | $15,936,504 | 52 | 34.4% |
April 7, 2026 | $21,263,142 | 71 | 45.9% |
April 28, 2026 | $22,749,224 | 77 | 49.1% |
May 19, 2026 | $24,356,374 | 83 | 52.6% |
June 2, 2026 | $26,089,007 | 90 | 56.3% |
June 16, 2026 | $26,925,763 | 93 | 58.1% |
July 13, 2026 | $32,652,498 | 103 | 70.5% |
August 17, 2026 | $37,316,281 | 117 | 80.5% |
September 8, 2026 | $39,614,232 | 122 | 85.5% |
September 23, 2026 | $44,781,693 | 131 | 96.7% |
Amount sold is as each Form D reports it, and a Form D reports when it is filed, not when a subscription clears. The path above is therefore a floor on demand at each date, not a live tape.
The filing itself is thin on the asset. It classifies the offering under other real estate and names no property, no location, and no tenancy. What it does record is a 506(c) offering with a minimum investment of $100,000; everything else about the property sits in the PPM, outside the public record.
The next amendment settles a narrow question: whether the remaining equity is recorded as sold, or whether the raise ends below the ceiling it has carried since the first filing. Neither answer speaks to the property's performance or to the eventual result for investors.