653 Penn Ave LLC is a real estate fund based in Bethesda, Maryland. According to its most recent Form D, filed Mar 31, 2014, it has sold $900,000 of interests to 16 investors since its first sale in Mar 2014. The minimum investment it accepts from an outside investor is $5,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Michael Brodsky.
- Total raised
- $900,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Mar 21, 2014
- Minimum investment
- $5,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Michael Brodsky
- Latest Form D
- Mar 31, 2014
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 653 Penn Ave LLC
What is the minimum investment for 653 Penn Ave LLC?
According to its latest Form D, filed Mar 31, 2014, the minimum investment 653 Penn Ave LLC accepts from an outside investor is $5,000.
Who can invest in 653 Penn Ave LLC?
653 Penn Ave 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 653 Penn Ave LLC raised?
653 Penn Ave LLC reports $900,000 sold from 16 investors on its Form D filed Mar 31, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is 653 Penn Ave LLC based?
653 Penn Ave LLC is based in Bethesda, Maryland.
When did 653 Penn Ave LLC launch?
653 Penn Ave LLC reports its first sale in Mar 2014.
Size compared with every real estate fund
Raised more than 51% of the 201 real estate funds based in Maryland, and more than 31% of all 7,316 that report sales.