Pennylane Properties LLC
Pennylane Properties LLC is a real estate fund based in Ottawa Lake, Michigan. According to its most recent Form D, filed Apr 13, 2012, it has sold $821,524 of interests to 5 investors since its first sale in Jun 2009. The minimum investment it accepts from an outside investor is $25,000. Related persons named in the filing include Lavern Schmidt.
- Total raised
- $821,524Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Jun 1, 2009
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Other exemption
- Key people and entities
- Lavern Schmidt
- Latest Form D
- Apr 13, 2012
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 Pennylane Properties LLC
What is the minimum investment for Pennylane Properties LLC?
According to its latest Form D, filed Apr 13, 2012, the minimum investment Pennylane Properties LLC accepts from an outside investor is $25,000.
Who can invest in Pennylane Properties LLC?
Pennylane Properties LLC is generally open only to investors who meet the eligibility rules in its offering documents.
How much has Pennylane Properties LLC raised?
Pennylane Properties LLC reports $821,524 sold from 5 investors on its Form D filed Apr 13, 2012. This is cumulative sales since the offering began, not current assets or performance.
Where is Pennylane Properties LLC based?
Pennylane Properties LLC is based in Ottawa Lake, Michigan.
When did Pennylane Properties LLC launch?
Pennylane Properties LLC reports its first sale in Jun 2009.
Size compared with every real estate fund
Raised more than 44% of the 103 real estate funds based in Michigan, and more than 30% of all 7,349 that report sales.