Money has come into NexPoint Outlook DST on a rising line. The offering's first Form D, filed January 28, 2026, reported a first sale on January 26 and a single buyer. Every amendment in the filing record here has reported more sold than the one before it. The largest step came between the April 28 and June 30 filings, when the investor count went from 8 to 19.
Raise velocity is the metric Top1031 builds from those dates: the number of days from an offering's first sale to the amendment showing 50% of the ceiling sold, and again to 90%. For this Delaware Statutory Trust (DST), both thresholds are still unreached. A pace that has not been set is a pace Top1031 does not print, so the offering's velocity fields are censored rather than slow.
Filing date | Amount sold | Share of ceiling |
|---|---|---|
January 28, 2026 | $312,500 | 0.9% |
February 18, 2026 | $1,295,000 | 3.9% |
April 28, 2026 | $2,236,000 | 6.8% |
June 30, 2026 | $5,783,245 | 17.6% |
August 5, 2026 | $8,278,256 | 25.2% |
$10,738,336 | 32.6% |
Amount sold is always as the filing reports it, and a Form D can lag the subscription book by weeks.
The benchmarks this raise would eventually be measured against are already set. Across 24 NexPoint programs, the median run from first sale to half the ceiling was 126 days, and to 90%, 189 days. Across the 3,729 programs in Top1031's set, the medians are 17 days and 15 days. Read that second pair with care: the 90% figure sits below the 50% figure, an inversion the underlying medians do not explain, and reason enough to treat the market pair as a rough frame rather than a yardstick. Against the sponsor's own history the comparison is cleaner. A first sale in January and no half mark on the August filing puts this raise outside NexPoint's median run.
What that says is narrower than it looks. Pace measures demand, and demand is not merit. A raise that fills fast is subscribed, not proven, and a raise that takes its time is neither condemned nor explained by the filing record. Form D does not ask for distribution arrangements, concurrent programs, or property detail, so the record here does not account for the pace it shows.
The ceiling has not moved. No amendment has cut the offering amount, and the $32,903,006 that stood in January stands in the August filing. The offering counted 26 investors at that filing, against a $100,000 minimum, and it relies on Rule 506(c), which permits general solicitation to purchasers whose accredited status is verified. The filing classifies the asset as Other Real Estate and names no property, no location, no tenant. The PPM will carry the property, the terms, and the distribution provisions; the Form D carries none of them.
The next amendment either produces the first velocity figure for this offering or it does not. If it lands past half the ceiling, the velocity line gets its number, and that number can be set beside the median from the sponsor's prior programs. If it lands where the last several have, the record keeps showing what it shows now: an offering adding investors on a schedule of its own.