The September 17, 2026 amendment reports $10.66 million sold from 28 investors, or 34% of the ceiling, against $5.36 million from 17 investors on August 25. That is the move the record shows, and it still leaves the raise's pace unmeasurable.
That is not a contradiction. Top1031 computes raise velocity from the Form D amendment dates themselves: the days from the first reported sale, dated May 4, 2026, to the first filing that shows half the ceiling sold, and the days to 90%. Neither line has been crossed by this Delaware Statutory Trust (DST), so both figures are blank. The computation calls that censored, which describes a raise in progress and nothing else.
The filings put the ceiling at $31.36 million, and every amendment has carried the same figure; no downward revision appears in the record. Sales are made under Rule 506(c), which permits general solicitation and requires verification that purchasers are accredited. The filing sets a $100,000 minimum and does not identify the property, which Form D does not ask for. Every filing in the record has reported more sold and more investors than the one before it.
Filing date | Form | Amount sold | Investors | % of ceiling |
|---|---|---|---|---|
Form D | $483,297 | 2 | 1.5 | |
Amendment | $633,297 | 3 | 2 | |
Amendment | $1,235,705 | 5 | 3.9 | |
Amendment | $2,210,891 | 8 | 7 | |
Amendment | $3,372,616 | 10 | 10.8 | |
Amendment | $4,577,616 | 13 | 14.6 | |
Amendment | $5,362,099 | 17 | 17.1 | |
Amendment | $10,663,900 | 28 | 34 |
One note on the data. Top1031's computed snapshot for this offering still carries the August 25 figures. The September 17 amendment supersedes them, and this report follows the later document.
For a frame, the sponsor median across 24 NexPoint programs stands at 126 days to half and 189 days to 90%. The market benchmark, drawn from a count of 4,591 programs, puts both milestones at 15 days; the inputs state that count without stating the cohort basis behind it, so the benchmark should not be read as one figure per Trust. Those medians sit a long way apart, and the filing record does not say why. With no days-to-half figure for this Trust, nothing in the record establishes which of them this raise sits nearer to. No sponsor commentary on the raise accompanies the filing record relied on here.
What the record measures is subscription pace. It does not speak to the offering's terms, the property's performance, or the eventual result for investors, and amount sold is as the filing reports it on a given day rather than a live tally. The next amendment matters for one thing: the first filing that reports half the ceiling sold fixes this offering's days-to-half, and only then is its pace comparable to NexPoint's record or to the benchmark.