LIC Development Owner, L.P. is a real estate fund based in New York, New York. According to its most recent Form D, filed Dec 30, 2014, it has sold $125,000 of interests to 125 investors since its first sale in Dec 2014. The minimum investment it accepts from an outside investor is $1,000. 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 Micahel Spies; Victor Cuciniello; Russell Makowsky.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Dec 22, 2014
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Micahel Spies; Victor Cuciniello; Russell Makowsky
- Latest Form D
- Dec 30, 2014
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 LIC Development Owner, L.P.
What is the minimum investment for LIC Development Owner, L.P.?
According to its latest Form D, filed Dec 30, 2014, the minimum investment LIC Development Owner, L.P. accepts from an outside investor is $1,000.
Who can invest in LIC Development Owner, L.P.?
LIC Development Owner, L.P. 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 LIC Development Owner, L.P. raised?
LIC Development Owner, L.P. reports $125,000 sold from 125 investors on its Form D filed Dec 30, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is LIC Development Owner, L.P. based?
LIC Development Owner, L.P. is based in New York, New York.
When did LIC Development Owner, L.P. launch?
LIC Development Owner, L.P. reports its first sale in Dec 2014.
Size compared with every real estate fund
Raised more than 27% of the 813 real estate funds based in New York, and more than 8% of all 7,350 that report sales.