Salute REIT LLC is a real estate fund based in Minneapolis, Minnesota. According to its most recent Form D, filed Nov 25, 2024, it has sold $125,000 of interests to 125 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $1,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include David Lynn; Tim Mooney; James Sunday.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Nov 21, 2024
- Minimum investment
- $1,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Lynn; Tim Mooney; James Sunday
- Latest Form D
- Nov 25, 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 Salute REIT LLC
What is the minimum investment for Salute REIT LLC?
According to its latest Form D, filed Nov 25, 2024, the minimum investment Salute REIT LLC accepts from an outside investor is $1,000.
Who can invest in Salute REIT LLC?
Salute REIT LLC 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 Salute REIT LLC raised?
Salute REIT LLC reports $125,000 sold from 125 investors on its Form D filed Nov 25, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Salute REIT LLC based?
Salute REIT LLC is based in Minneapolis, Minnesota.
When did Salute REIT LLC launch?
Salute REIT LLC reports its first sale in Nov 2024, 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 29% of the 194 real estate funds based in Minnesota, and more than 8% of all 7,321 that report sales.