Simply Storage REIT 5 LLC
Simply Storage REIT 5 LLC is a real estate fund based in New York, New York. According to its most recent Form D, filed Jan 29, 2020, it has sold $125,000 of interests to 125 investors since its first sale in Jan 2020. 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. Related persons named in the filing include Kyle Schmutzler; Jason Jacobson; David Cohen.
- Total raised
- $125,000Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Jan 28, 2020
- 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
- Kyle Schmutzler; Jason Jacobson; David Cohen
- Latest Form D
- Jan 29, 2020
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 Simply Storage REIT 5 LLC
What is the minimum investment for Simply Storage REIT 5 LLC?
According to its latest Form D, filed Jan 29, 2020, the minimum investment Simply Storage REIT 5 LLC accepts from an outside investor is $1,000.
Who can invest in Simply Storage REIT 5 LLC?
Simply Storage REIT 5 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 Simply Storage REIT 5 LLC raised?
Simply Storage REIT 5 LLC reports $125,000 sold from 125 investors on its Form D filed Jan 29, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Simply Storage REIT 5 LLC based?
Simply Storage REIT 5 LLC is based in New York, New York.
When did Simply Storage REIT 5 LLC launch?
Simply Storage REIT 5 LLC reports its first sale in Jan 2020.
Size compared with every real estate fund
Raised more than 27% of the 811 real estate funds based in New York, and more than 8% of all 7,351 that report sales.