Exeter Five REIT DEV, LLC is a real estate fund based in Radnor, Pennsylvania. According to its most recent Form D, filed Jan 6, 2026, it has sold $120,000 of interests to 120 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
- $120,000Cumulative sales reported on Form D
- Investors
- 120
- First sale
- Dec 23, 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
- Jan 6, 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 Exeter Five REIT DEV, LLC
What is the minimum investment for Exeter Five REIT DEV, LLC?
According to its latest Form D, filed Jan 6, 2026, the minimum investment Exeter Five REIT DEV, LLC accepts from an outside investor is $1,000.
Who can invest in Exeter Five REIT DEV, LLC?
Exeter Five REIT DEV, 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 Five REIT DEV, LLC raised?
Exeter Five REIT DEV, LLC reports $120,000 sold from 120 investors on its Form D filed Jan 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Exeter Five REIT DEV, LLC based?
Exeter Five REIT DEV, LLC is based in Radnor, Pennsylvania.
When did Exeter Five REIT DEV, LLC launch?
Exeter Five REIT DEV, 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 18% of the 192 real estate funds based in Pennsylvania, and more than 6% of all 7,322 that report sales.
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