Newport Development Associates, LLC
Newport Development Associates, LLC is a real estate fund based in Newport, Rhode Island. According to its most recent Form D, filed Feb 12, 2018, it has sold $900,000 of interests to 6 investors since its first sale in Jan 2018. The minimum investment it accepts from an outside investor is $90,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Peter Belsito.
- Total raised
- $900,000Cumulative sales reported on Form D
- Investors
- 6
- First sale
- Jan 24, 2018
- Minimum investment
- $90,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Peter Belsito
- Latest Form D
- Feb 12, 2018
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 Newport Development Associates, LLC
What is the minimum investment for Newport Development Associates, LLC?
According to its latest Form D, filed Feb 12, 2018, the minimum investment Newport Development Associates, LLC accepts from an outside investor is $90,000.
Who can invest in Newport Development Associates, LLC?
Newport Development Associates, 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 Newport Development Associates, LLC raised?
Newport Development Associates, LLC reports $900,000 sold from 6 investors on its Form D filed Feb 12, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Newport Development Associates, LLC based?
Newport Development Associates, LLC is based in Newport, Rhode Island.
When did Newport Development Associates, LLC launch?
Newport Development Associates, LLC reports its first sale in Jan 2018.
Size compared with every real estate fund
Raised more than 79% of the 14 real estate funds based in Rhode Island, and more than 31% of all 7,321 that report sales.