Altera Storage Development 3, LLC is a real estate fund based in Atlanta, Georgia. According to its most recent Form D, filed Sep 27, 2022, it has sold $5,250,000 of interests to 43 investors since its first sale in Jun 2022. The minimum investment it accepts from an outside investor is $100,000. 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 Altera Storage Development 3 GP, LLC; Mitch Reiner; Altera Private Access, LLC.
- Total raised
- $5,250,000Cumulative sales reported on Form D
- Investors
- 43
- First sale
- Jun 30, 2022
- Minimum investment
- $100,000
- 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
- Altera Storage Development 3 GP, LLC; Mitch Reiner; Altera Private Access, LLC
- Latest Form D
- Sep 27, 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 Altera Storage Development 3, LLC
What is the minimum investment for Altera Storage Development 3, LLC?
According to its latest Form D, filed Sep 27, 2022, the minimum investment Altera Storage Development 3, LLC accepts from an outside investor is $100,000.
Who can invest in Altera Storage Development 3, LLC?
Altera Storage Development 3, LLC 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 Altera Storage Development 3, LLC raised?
Altera Storage Development 3, LLC reports $5,250,000 sold from 43 investors on its Form D filed Sep 27, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Altera Storage Development 3, LLC based?
Altera Storage Development 3, LLC is based in Atlanta, Georgia.
When did Altera Storage Development 3, LLC launch?
Altera Storage Development 3, LLC reports its first sale in Jun 2022.
Size compared with every real estate fund
Raised more than 77% of the 492 real estate funds based in Georgia, and more than 67% of all 7,337 that report sales.