Orton 16, LLC
Orton 16, LLC is a real estate fund based in Brighton, Michigan. According to its most recent Form D, filed Aug 1, 2024, it has sold $550,000 of interests to 11 investors since its first sale in Jul 2024. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Tory Sheffer.
- Total raised
- $550,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Jul 18, 2024
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Tory Sheffer
- Latest Form D
- Aug 1, 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 Orton 16, LLC
What is the minimum investment for Orton 16, LLC?
According to its latest Form D, filed Aug 1, 2024, the minimum investment Orton 16, LLC accepts from an outside investor is $25,000.
Who can invest in Orton 16, LLC?
Orton 16, 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 Orton 16, LLC raised?
Orton 16, LLC reports $550,000 sold from 11 investors on its Form D filed Aug 1, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Orton 16, LLC based?
Orton 16, LLC is based in Brighton, Michigan.
When did Orton 16, LLC launch?
Orton 16, LLC reports its first sale in Jul 2024.
Size compared with every real estate fund
Raised more than 36% of the 102 real estate funds based in Michigan, and more than 25% of all 7,316 that report sales.