261 Summa LLC is a real estate fund based in West Palm Beach, Florida. According to its most recent Form D, filed May 9, 2025, it has sold $950,000 of interests to 8 investors since its first sale in Apr 2025. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Gary Granoff; Lee Fensterstock.
- Total raised
- $950,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Apr 29, 2025
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Gary Granoff; Lee Fensterstock
- Latest Form D
- May 9, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about 261 Summa LLC
What is the minimum investment for 261 Summa LLC?
According to its latest Form D, filed May 9, 2025, the minimum investment 261 Summa LLC accepts from an outside investor is $25,000.
Who can invest in 261 Summa LLC?
261 Summa LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has 261 Summa LLC raised?
261 Summa LLC reports $950,000 sold from 8 investors on its Form D filed May 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is 261 Summa LLC based?
261 Summa LLC is based in West Palm Beach, Florida.
When did 261 Summa LLC launch?
261 Summa LLC reports its first sale in Apr 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 43% of the 636 real estate funds based in Florida, and more than 32% of all 7,591 that report sales.