Lem Turner LLC is a real estate fund based in Toledo, Ohio. According to its most recent Form D, filed Oct 23, 2013, it has sold $150,000 of interests to 4 investors since its first sale in Oct 2013. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Alan Lancz.
- Total raised
- $150,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Oct 14, 2013
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Alan Lancz
- Latest Form D
- Oct 23, 2013
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 Lem Turner LLC
What is the minimum investment for Lem Turner LLC?
According to its latest Form D, filed Oct 23, 2013, the minimum investment Lem Turner LLC accepts from an outside investor is $50,000.
Who can invest in Lem Turner LLC?
Lem Turner LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Lem Turner LLC raised?
Lem Turner LLC reports $150,000 sold from 4 investors on its Form D filed Oct 23, 2013. This is cumulative sales since the offering began, not current assets or performance.
Where is Lem Turner LLC based?
Lem Turner LLC is based in Toledo, Ohio.
When did Lem Turner LLC launch?
Lem Turner LLC reports its first sale in Oct 2013.
Size compared with every real estate fund
Raised more than 35% of the 258 real estate funds based in Ohio, and more than 16% of all 7,349 that report sales.