Exeter 25 Keystone, LLC is a real estate fund based in Radnor, Pennsylvania. According to its most recent Form D, filed Dec 23, 2025, it has sold $122,000 of interests to 122 investors since its first sale in Dec 2025. 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; J. Lloyd.
- Total raised
- $122,000Cumulative sales reported on Form D
- Investors
- 122
- First sale
- Dec 15, 2025
- 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; J. Lloyd
- Latest Form D
- Dec 23, 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 Exeter 25 Keystone, LLC
What is the minimum investment for Exeter 25 Keystone, LLC?
According to its latest Form D, filed Dec 23, 2025, the minimum investment Exeter 25 Keystone, LLC accepts from an outside investor is $1,000.
Who can invest in Exeter 25 Keystone, LLC?
Exeter 25 Keystone, 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 Exeter 25 Keystone, LLC raised?
Exeter 25 Keystone, LLC reports $122,000 sold from 122 investors on its Form D filed Dec 23, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Exeter 25 Keystone, LLC based?
Exeter 25 Keystone, LLC is based in Radnor, Pennsylvania.
When did Exeter 25 Keystone, LLC launch?
Exeter 25 Keystone, LLC reports its first sale in Dec 2025, 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 20% of the 191 real estate funds based in Pennsylvania, and more than 7% of all 7,337 that report sales.
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