Beacon Select, LLC is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Dec 12, 2017, it has sold $51,279,000 of interests to 86 investors since its first sale in Nov 2017. The minimum investment it accepts from an outside investor is $40,000. 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 Thomas Litton; Jay Zwiebel; Holdings Managing Co., LLC Beacon.
- Total raised
- $51,279,000Cumulative sales reported on Form D
- Investors
- 86
- First sale
- Nov 30, 2017
- Minimum investment
- $40,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Thomas Litton; Jay Zwiebel; Holdings Managing Co., LLC Beacon
- Latest Form D
- Dec 12, 2017
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 Beacon Select, LLC
What is the minimum investment for Beacon Select, LLC?
According to its latest Form D, filed Dec 12, 2017, the minimum investment Beacon Select, LLC accepts from an outside investor is $40,000.
Who can invest in Beacon Select, LLC?
Beacon Select, LLC 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 Beacon Select, LLC raised?
Beacon Select, LLC reports $51,279,000 sold from 86 investors on its Form D filed Dec 12, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is Beacon Select, LLC based?
Beacon Select, LLC is based in Norfolk, Virginia.
When did Beacon Select, LLC launch?
Beacon Select, LLC reports its first sale in Nov 2017.
Size compared with every real estate fund
Raised more than 99% of the 141 real estate funds based in Virginia, and more than 94% of all 7,322 that report sales.