HGI AIF Select III, LLC
HGI AIF Select III, LLC is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Nov 9, 2016, it has sold $35,690,000 of interests to 62 investors since its first sale in Oct 2016. The minimum investment it accepts from an outside investor is $30,000. 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. Related persons named in the filing include Jordan Slone; Pinchas Mendlovic; Co., LLC HGI AIF VI Managing.
- Total raised
- $35,690,000Cumulative sales reported on Form D
- Investors
- 62
- First sale
- Oct 27, 2016
- Minimum investment
- $30,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jordan Slone; Pinchas Mendlovic; Co., LLC HGI AIF VI Managing
- Latest Form D
- Nov 9, 2016
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 HGI AIF Select III, LLC
What is the minimum investment for HGI AIF Select III, LLC?
According to its latest Form D, filed Nov 9, 2016, the minimum investment HGI AIF Select III, LLC accepts from an outside investor is $30,000.
Who can invest in HGI AIF Select III, LLC?
HGI AIF Select III, 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 HGI AIF Select III, LLC raised?
HGI AIF Select III, LLC reports $35,690,000 sold from 62 investors on its Form D filed Nov 9, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is HGI AIF Select III, LLC based?
HGI AIF Select III, LLC is based in Norfolk, Virginia.
When did HGI AIF Select III, LLC launch?
HGI AIF Select III, LLC reports its first sale in Oct 2016.
Size compared with every real estate fund
Raised more than 98% of the 141 real estate funds based in Virginia, and more than 92% of all 7,351 that report sales.