South Side Development Fund 1 is a real estate fund based in Chicago, Illinois. According to its most recent Form D, filed Jun 26, 2017, it has sold $2,469,870 of interests to 59 investors since its first sale in Jun 2017. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Jerome Cohen.
- Total raised
- $2,469,870Cumulative sales reported on Form D
- Investors
- 59
- First sale
- Jun 12, 2017
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jerome Cohen
- Latest Form D
- Jun 26, 2017
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 Side Development Fund 1
What is the minimum investment for South Side Development Fund 1?
According to its latest Form D, filed Jun 26, 2017, the minimum investment South Side Development Fund 1 accepts from an outside investor is $50,000.
Who can invest in South Side Development Fund 1?
South Side Development Fund 1 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 Side Development Fund 1 raised?
South Side Development Fund 1 reports $2,469,870 sold from 59 investors on its Form D filed Jun 26, 2017. This is cumulative sales since the offering began, not current assets or performance.
Where is South Side Development Fund 1 based?
South Side Development Fund 1 is based in Chicago, Illinois.
When did South Side Development Fund 1 launch?
South Side Development Fund 1 reports its first sale in Jun 2017.
Size compared with every real estate fund
Raised more than 65% of the 481 real estate funds based in Illinois, and more than 50% of all 7,350 that report sales.