Project Elm, LLC is a real estate fund based in Massapequa Park, New York. According to its most recent Form D, filed Mar 19, 2025, it has sold $1,250,000 of interests to 1 investor since its first sale in Mar 2025. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Andrew Newman; Brian Smolin; David Delise.
- Total raised
- $1,250,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Mar 4, 2025
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Andrew Newman; Brian Smolin; David Delise
- Latest Form D
- Mar 19, 2025
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 Project Elm, LLC
What is the minimum investment for Project Elm, LLC?
According to its latest Form D, filed Mar 19, 2025, the minimum investment Project Elm, LLC accepts from an outside investor is $50,000.
Who can invest in Project Elm, LLC?
Project Elm, 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 Project Elm, LLC raised?
Project Elm, LLC reports $1,250,000 sold from 1 investor on its Form D filed Mar 19, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Project Elm, LLC based?
Project Elm, LLC is based in Massapequa Park, New York.
When did Project Elm, LLC launch?
Project Elm, LLC reports its first sale in Mar 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 60% of the 812 real estate funds based in New York, and more than 36% of all 7,337 that report sales.