Local Properties LLC
Local Properties LLC is a real estate fund based in Wood Dale, Illinois. According to its most recent Form D, filed Jul 8, 2019, it has sold $541,250 of interests to 10 investors since its first sale in Jun 2019. 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 Daniel Macahon; Tamera Macahon.
- Total raised
- $541,250Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Jun 19, 2019
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Daniel Macahon; Tamera Macahon
- Latest Form D
- Jul 8, 2019
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 Local Properties LLC
What is the minimum investment for Local Properties LLC?
According to its latest Form D, filed Jul 8, 2019, the minimum investment Local Properties LLC accepts from an outside investor is $50,000.
Who can invest in Local Properties LLC?
Local Properties 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 Local Properties LLC raised?
Local Properties LLC reports $541,250 sold from 10 investors on its Form D filed Jul 8, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Local Properties LLC based?
Local Properties LLC is based in Wood Dale, Illinois.
When did Local Properties LLC launch?
Local Properties LLC reports its first sale in Jun 2019.
Size compared with every real estate fund
Raised more than 54% of the 482 real estate funds based in Illinois, and more than 25% of all 7,337 that report sales.