Dev Property 1 MS, LLC is a real estate fund based in Radnor, Pennsylvania. According to its most recent Form D, filed Nov 3, 2026, it has sold $125,000 of interests to 125 investors since its first sale in Oct 2026. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Henry Steinberg; Brian Fogarty.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Oct 27, 2026
- 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
- Henry Steinberg; Brian Fogarty
- Latest Form D
- Nov 3, 2026
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 Dev Property 1 MS, LLC
What is the minimum investment for Dev Property 1 MS, LLC?
According to its latest Form D, filed Nov 3, 2026, the minimum investment Dev Property 1 MS, LLC accepts from an outside investor is $1,000.
Who can invest in Dev Property 1 MS, LLC?
Dev Property 1 MS, 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 Dev Property 1 MS, LLC raised?
Dev Property 1 MS, LLC reports $125,000 sold from 125 investors on its Form D filed Nov 3, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Dev Property 1 MS, LLC based?
Dev Property 1 MS, LLC is based in Radnor, Pennsylvania.
When did Dev Property 1 MS, LLC launch?
Dev Property 1 MS, LLC reports its first sale in Oct 2026, 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 26% of the 191 real estate funds based in Pennsylvania, and more than 8% of all 7,337 that report sales.
Other funds with the same team
- EQT Exeter Real Estate Income Trust, Inc.$29.0M
- EQT Exeter Industrial Core-Plus Fund IV REIT III, LP$250K
- EQT Exeter Industrial VI REIT III, LLC$125K
- Exeter Five REIT West, LLC$124K
- Exeter Five REIT Midwest, LLC$124K
- Exeter Five REIT South, LLC$124K
- Exeter Five REIT Midsouth, LLC$124K
- EQT Exeter Industrial VI REIT II, LLC$124K