Combined offering size sought across the set
Signal · SEC EDGAR Form D
1,439 operators. Two quarters.
Every dot is a real estate issuer that filed to raise $5M or more in Q2 and Q3 2026. The bright points are family offices. The arcs are what we do.
The set
What the filings say.
Public data, read the way a family office’s inbox feels it.
$82B
$17.4M
Median offering
56%
Filed under 506(b), which bars general solicitation
52%
Had sold under 25% of the offering at filing
212Texas filers, the largest state in the set
182California filers
98Florida filers
Still raising
A sample of open rounds.
Issuer names withheld. Every row is a real filing with most of its offering still unsold.
First saleIssuer · State · TypeExemptionOffering
2026-08-31 · TX · Other real estate506(b)$5.0M · 2% sold
2026-08-17 · NY · Residential506(c)$5.5M · 6% sold
2026-07-29 · CA · Residential506(b)$10.0M · 13% sold
2026-05-21 · MN · Other real estate506(c)$15.0M · 1% sold
2026-05-19 · TX · Commercial506(b)$5.0M · 4% sold
2026-04-06 · TX · Commercial506(b)$15.0M · 25% sold
2026-03-30 · TX · Other real estate506(c)$12.0M · 27% sold
The read
More than half of these raises can’t advertise.
A 506(b) offering cannot use general solicitation. That leaves relationships, and most operators run out of theirs well before the round is full.
The family offices worth meeting are hearing from hundreds of these issuers. An introduction from someone they already know is how a deck gets read.
Cohort 01
The list is private. So is the waitlist.
Cohort 01 is in review. Applications are read in the order received, and every developer who meets the Standard hears back from a partner directly.
Join the Waitlist