Preserve ASA, LLC
Preserve ASA, LLC is a real estate fund based in Richmond, Virginia. According to its most recent Form D, filed Mar 27, 2014, it has sold $6,364,200 of interests to 32 investors since its first sale in Mar 2014. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Spy Rock Investors, LLC; S. Williams; Spy Rock Real Estate, LLC.
- Total raised
- $6,364,200Cumulative sales reported on Form D
- Investors
- 32
- First sale
- Mar 12, 2014
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Spy Rock Investors, LLC; S. Williams; Spy Rock Real Estate, LLC
- Latest Form D
- Mar 27, 2014
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 Preserve ASA, LLC
What is the minimum investment for Preserve ASA, LLC?
Preserve ASA, LLC's latest Form D, filed Mar 27, 2014, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Preserve ASA, LLC?
Preserve ASA, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Preserve ASA, LLC raised?
Preserve ASA, LLC reports $6,364,200 sold from 32 investors on its Form D filed Mar 27, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Preserve ASA, LLC based?
Preserve ASA, LLC is based in Richmond, Virginia.
When did Preserve ASA, LLC launch?
Preserve ASA, LLC reports its first sale in Mar 2014.
Size compared with every real estate fund
Raised more than 77% of the 141 real estate funds based in Virginia, and more than 70% of all 7,321 that report sales.