Mangum 509, LLC is a real estate fund based in Durham, North Carolina. According to its most recent Form D, filed Oct 15, 2019, it has sold $300,000 of interests to 2 investors since its first sale in Oct 2019. The minimum investment it accepts from an outside investor is $300,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Paul Smith; a North Carolina LLC Southern Urban, LLC.
- Total raised
- $300,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Oct 2, 2019
- Minimum investment
- $300,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Paul Smith; a North Carolina LLC Southern Urban, LLC
- Latest Form D
- Oct 15, 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 Mangum 509, LLC
What is the minimum investment for Mangum 509, LLC?
According to its latest Form D, filed Oct 15, 2019, the minimum investment Mangum 509, LLC accepts from an outside investor is $300,000.
Who can invest in Mangum 509, LLC?
Mangum 509, 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 Mangum 509, LLC raised?
Mangum 509, LLC reports $300,000 sold from 2 investors on its Form D filed Oct 15, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Mangum 509, LLC based?
Mangum 509, LLC is based in Durham, North Carolina.
When did Mangum 509, LLC launch?
Mangum 509, LLC reports its first sale in Oct 2019.
Size compared with every real estate fund
Raised more than 38% of the 294 real estate funds based in North Carolina, and more than 20% of all 7,321 that report sales.