Florida Industrial 98 DST
Florida Industrial 98 DST is a real estate fund based in Torrance, California. According to its most recent Form D, filed Sep 26, 2025, it has sold $9,784,340 of interests to 32 investors since its first sale in Aug 2025. The minimum investment it accepts from an outside investor is $1,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Dwight Kay; Chay Lapin; Cove Capital Investments, LLC.
- Total raised
- $9,784,340Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Aug 19, 2025
- Minimum investment
- $1,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Dwight Kay; Chay Lapin; Cove Capital Investments, LLC
- Latest Form D
- Sep 26, 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 Florida Industrial 98 DST
What is the minimum investment for Florida Industrial 98 DST?
According to its latest Form D, filed Sep 26, 2025, the minimum investment Florida Industrial 98 DST accepts from an outside investor is $1,000.
Who can invest in Florida Industrial 98 DST?
Florida Industrial 98 DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Florida Industrial 98 DST raised?
Florida Industrial 98 DST reports $9,784,340 sold from 32 investors on its Form D filed Sep 26, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Florida Industrial 98 DST based?
Florida Industrial 98 DST is based in Torrance, California.
When did Florida Industrial 98 DST launch?
Florida Industrial 98 DST reports its first sale in Aug 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 81% of the 1,092 real estate funds based in California, and more than 78% of all 7,351 that report sales.
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