Avanath Elevate REIT, Inc. is a real estate fund based in Irvine, California. According to its most recent Form D, filed Nov 3, 2022, it has sold $125,000 of interests to 125 investors since its first sale in Oct 2022. The minimum investment it accepts from an outside investor is $1,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Ellen Guccione; Daryl Carter; Jun Sakumoto.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Oct 19, 2022
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ellen Guccione; Daryl Carter; Jun Sakumoto
- Latest Form D
- Nov 3, 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 Avanath Elevate REIT, Inc.
What is the minimum investment for Avanath Elevate REIT, Inc.?
According to its latest Form D, filed Nov 3, 2022, the minimum investment Avanath Elevate REIT, Inc. accepts from an outside investor is $1,000.
Who can invest in Avanath Elevate REIT, Inc.?
Avanath Elevate REIT, Inc. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Avanath Elevate REIT, Inc. raised?
Avanath Elevate REIT, Inc. reports $125,000 sold from 125 investors on its Form D filed Nov 3, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Avanath Elevate REIT, Inc. based?
Avanath Elevate REIT, Inc. is based in Irvine, California.
When did Avanath Elevate REIT, Inc. launch?
Avanath Elevate REIT, Inc. reports its first sale in Oct 2022.
Size compared with every real estate fund
Raised more than 31% of the 1,095 real estate funds based in California, and more than 8% of all 7,350 that report sales.