CEDARst Dev Fund Shareholder, LLC is a real estate fund based in Chicago, Illinois. According to its most recent Form D, filed May 9, 2025, it has sold $42,417,618 of interests to 311 investors since its first sale in Mar 2024. The minimum investment it accepts from an outside investor is $50,000. 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 WAM Dev Fund, LLC; Mark Heffron; William Murphy.
- Total raised
- $42,417,618Cumulative sales reported on Form D
- Investors
- 311
- First sale
- Mar 27, 2024
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- WAM Dev Fund, LLC; Mark Heffron; William Murphy
- Latest Form D
- May 9, 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 CEDARst Dev Fund Shareholder, LLC
What is the minimum investment for CEDARst Dev Fund Shareholder, LLC?
According to its latest Form D, filed May 9, 2025, the minimum investment CEDARst Dev Fund Shareholder, LLC accepts from an outside investor is $50,000.
Who can invest in CEDARst Dev Fund Shareholder, LLC?
CEDARst Dev Fund Shareholder, 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 CEDARst Dev Fund Shareholder, LLC raised?
CEDARst Dev Fund Shareholder, LLC reports $42,417,618 sold from 311 investors on its Form D filed May 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is CEDARst Dev Fund Shareholder, LLC based?
CEDARst Dev Fund Shareholder, LLC is based in Chicago, Illinois.
When did CEDARst Dev Fund Shareholder, LLC launch?
CEDARst Dev Fund Shareholder, LLC reports its first sale in Mar 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 90% of the 481 real estate funds based in Illinois, and more than 93% of all 7,350 that report sales.