HGI-SF Class B, LLC is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Apr 9, 2020, it has sold $2,138,901 of interests to 2 investors since its first sale in Mar 2020. The minimum investment it accepts from an outside investor is $500,000. 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. Related persons named in the filing include Jay Zwiebel; Managing Co., LLC HGI Class B; Pinchas Mendlovic.
- Total raised
- $2,138,901Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Mar 31, 2020
- Minimum investment
- $500,000
- 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
- Jay Zwiebel; Managing Co., LLC HGI Class B; Pinchas Mendlovic
- Latest Form D
- Apr 9, 2020
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-SF Class B, LLC
What is the minimum investment for HGI-SF Class B, LLC?
According to its latest Form D, filed Apr 9, 2020, the minimum investment HGI-SF Class B, LLC accepts from an outside investor is $500,000.
Who can invest in HGI-SF Class B, LLC?
HGI-SF Class B, 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 HGI-SF Class B, LLC raised?
HGI-SF Class B, LLC reports $2,138,901 sold from 2 investors on its Form D filed Apr 9, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is HGI-SF Class B, LLC based?
HGI-SF Class B, LLC is based in Norfolk, Virginia.
When did HGI-SF Class B, LLC launch?
HGI-SF Class B, LLC reports its first sale in Mar 2020.
Size compared with every real estate fund
Raised more than 57% of the 142 real estate funds based in Virginia, and more than 47% of all 7,350 that report sales.