MCG Apartment Development Fund, LLC is a real estate fund based in Charlotte, North Carolina. According to its most recent Form D, filed Jan 26, 2024, it has sold $40,559,123 of interests to 336 investors since its first sale in Jan 2022. 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 Ryan Hanks; MCG ADF Manager, LLC MCG ADF Manager, LLC; Timothy Snodgrass.
- Total raised
- $40,559,123Cumulative sales reported on Form D
- Investors
- 336
- First sale
- Jan 13, 2022
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ryan Hanks; MCG ADF Manager, LLC MCG ADF Manager, LLC; Timothy Snodgrass
- Latest Form D
- Jan 26, 2024
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 MCG Apartment Development Fund, LLC
What is the minimum investment for MCG Apartment Development Fund, LLC?
According to its latest Form D, filed Jan 26, 2024, the minimum investment MCG Apartment Development Fund, LLC accepts from an outside investor is $50,000.
Who can invest in MCG Apartment Development Fund, LLC?
MCG Apartment Development Fund, 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 MCG Apartment Development Fund, LLC raised?
MCG Apartment Development Fund, LLC reports $40,559,123 sold from 336 investors on its Form D filed Jan 26, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is MCG Apartment Development Fund, LLC based?
MCG Apartment Development Fund, LLC is based in Charlotte, North Carolina.
When did MCG Apartment Development Fund, LLC launch?
MCG Apartment Development Fund, LLC reports its first sale in Jan 2022.
Size compared with every real estate fund
Raised more than 97% of the 296 real estate funds based in North Carolina, and more than 93% of all 7,351 that report sales.
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