38 on 1641, LP is a real estate fund based in Austin, Texas. According to its most recent Form D, filed Jun 9, 2022, it has sold $4,040,000 of interests to 20 investors since its first sale in May 2022. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include 38 on 1641 GP, LLC; Justin Day.
- Total raised
- $4,040,000Cumulative sales reported on Form D
- Investors
- 20
- First sale
- May 20, 2022
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- 38 on 1641 GP, LLC; Justin Day
- Latest Form D
- Jun 9, 2022
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 38 on 1641, LP
What is the minimum investment for 38 on 1641, LP?
38 on 1641, LP's latest Form D, filed Jun 9, 2022, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in 38 on 1641, LP?
38 on 1641, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has 38 on 1641, LP raised?
38 on 1641, LP reports $4,040,000 sold from 20 investors on its Form D filed Jun 9, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is 38 on 1641, LP based?
38 on 1641, LP is based in Austin, Texas.
When did 38 on 1641, LP launch?
38 on 1641, LP reports its first sale in May 2022.
Size compared with every real estate fund
Raised more than 72% of the 1,419 real estate funds based in Texas, and more than 61% of all 7,348 that report sales.