South Broad, LLC is a real estate fund based in Chattanooga, Tennessee. According to its most recent Form D, filed Apr 23, 2025, it has sold $5,825,556 of interests to 18 investors since its first sale in Apr 2025. The minimum investment it accepts from an outside investor is $30,000. 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 Hiren Desai.
- Total raised
- $5,825,556Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Apr 10, 2025
- Minimum investment
- $30,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Hiren Desai
- Latest Form D
- Apr 23, 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 South Broad, LLC
What is the minimum investment for South Broad, LLC?
According to its latest Form D, filed Apr 23, 2025, the minimum investment South Broad, LLC accepts from an outside investor is $30,000.
Who can invest in South Broad, LLC?
South Broad, 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 South Broad, LLC raised?
South Broad, LLC reports $5,825,556 sold from 18 investors on its Form D filed Apr 23, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is South Broad, LLC based?
South Broad, LLC is based in Chattanooga, Tennessee.
When did South Broad, LLC launch?
South Broad, LLC reports its first sale in Apr 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 81% of the 118 real estate funds based in Tennessee, and more than 69% of all 7,349 that report sales.