502 Warehouse LLC is a real estate fund based in Santa Fe, New Mexico. According to its most recent Form D, filed Feb 19, 2025, it has sold $1,400,000 of interests to 10 investors since its first sale in Nov 2024. 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 Max Cooper; Chuck Sheldon.
- Total raised
- $1,400,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Nov 22, 2024
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Max Cooper; Chuck Sheldon
- Latest Form D
- Feb 19, 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 502 Warehouse LLC
What is the minimum investment for 502 Warehouse LLC?
According to its latest Form D, filed Feb 19, 2025, the minimum investment 502 Warehouse LLC accepts from an outside investor is $25,000.
Who can invest in 502 Warehouse LLC?
502 Warehouse 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 502 Warehouse LLC raised?
502 Warehouse LLC reports $1,400,000 sold from 10 investors on its Form D filed Feb 19, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is 502 Warehouse LLC based?
502 Warehouse LLC is based in Santa Fe, New Mexico.
When did 502 Warehouse LLC launch?
502 Warehouse LLC reports its first sale in Nov 2024, 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 78% of the 9 real estate funds based in New Mexico, and more than 38% of all 7,349 that report sales.