SPC Heather Ridge LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Oct 27, 2023, it has sold $2,630,000 of interests to 44 investors since its first sale in Oct 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Jeremy Dyer; Drew McWilliams.
- Total raised
- $2,630,000Cumulative sales reported on Form D
- Investors
- 44
- First sale
- Oct 12, 2023
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jeremy Dyer; Drew McWilliams
- Latest Form D
- Oct 27, 2023
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 SPC Heather Ridge LLC
What is the minimum investment for SPC Heather Ridge LLC?
SPC Heather Ridge LLC's latest Form D, filed Oct 27, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Heather Ridge LLC?
SPC Heather Ridge LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has SPC Heather Ridge LLC raised?
SPC Heather Ridge LLC reports $2,630,000 sold from 44 investors on its Form D filed Oct 27, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Heather Ridge LLC based?
SPC Heather Ridge LLC is based in Lake Elmo, Minnesota.
When did SPC Heather Ridge LLC launch?
SPC Heather Ridge LLC reports its first sale in Oct 2023.
Size compared with every real estate fund
Raised more than 65% of the 195 real estate funds based in Minnesota, and more than 52% of all 7,351 that report sales.