Forterra Land Dev Fund LLC is a real estate fund based in Cedar Park, Texas. According to its most recent Form D, filed Nov 27, 2024, it has sold $2,000,000 of interests to 1 investor since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Ramakrishna Kandula; Sathish Babu Chakka.
- Total raised
- $2,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Nov 21, 2024
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ramakrishna Kandula; Sathish Babu Chakka
- Latest Form D
- Nov 27, 2024
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 Forterra Land Dev Fund LLC
What is the minimum investment for Forterra Land Dev Fund LLC?
According to its latest Form D, filed Nov 27, 2024, the minimum investment Forterra Land Dev Fund LLC accepts from an outside investor is $100,000.
Who can invest in Forterra Land Dev Fund LLC?
Forterra Land Dev Fund LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Forterra Land Dev Fund LLC raised?
Forterra Land Dev Fund LLC reports $2,000,000 sold from 1 investor on its Form D filed Nov 27, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Forterra Land Dev Fund LLC based?
Forterra Land Dev Fund LLC is based in Cedar Park, Texas.
When did Forterra Land Dev Fund LLC launch?
Forterra Land Dev Fund LLC reports its first sale in Nov 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 59% of the 1,419 real estate funds based in Texas, and more than 45% of all 7,348 that report sales.