ParkLine Select, LP is a real estate fund based in Norfolk, Virginia. According to its most recent Form D, filed Aug 3, 2022, it has sold $2,950,000 of interests to 16 investors since its first sale in Mar 2022. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Pinchas Mendlovic; Saul Lubetski; Thomas Litton, Jr.
- Total raised
- $2,950,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Mar 15, 2022
- Minimum investment
- $25,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Pinchas Mendlovic; Saul Lubetski; Thomas Litton, Jr
- Latest Form D
- Aug 3, 2022
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 ParkLine Select, LP
What is the minimum investment for ParkLine Select, LP?
According to its latest Form D, filed Aug 3, 2022, the minimum investment ParkLine Select, LP accepts from an outside investor is $25,000.
Who can invest in ParkLine Select, LP?
ParkLine Select, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has ParkLine Select, LP raised?
ParkLine Select, LP reports $2,950,000 sold from 16 investors on its Form D filed Aug 3, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is ParkLine Select, LP based?
ParkLine Select, LP is based in Norfolk, Virginia.
When did ParkLine Select, LP launch?
ParkLine Select, LP reports its first sale in Mar 2022.
Size compared with every real estate fund
Raised more than 63% of the 142 real estate funds based in Virginia, and more than 54% of all 7,337 that report sales.