Starboard Elan DST is a real estate fund based in Irvine, California. According to its most recent Form D, filed Apr 24, 2025, it has sold $28,100,000 of interests to 76 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Starboard Elan Manager LLC; William Winn; Starboard Elan Depositor LLC.
- Total raised
- $28,100,000Cumulative sales reported on Form D
- Investors
- 76
- First sale
- Nov 29, 2024
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Starboard Elan Manager LLC; William Winn; Starboard Elan Depositor LLC
- Latest Form D
- Apr 24, 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 Starboard Elan DST
What is the minimum investment for Starboard Elan DST?
According to its latest Form D, filed Apr 24, 2025, the minimum investment Starboard Elan DST accepts from an outside investor is $25,000.
Who can invest in Starboard Elan DST?
Starboard Elan DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Starboard Elan DST raised?
Starboard Elan DST reports $28,100,000 sold from 76 investors on its Form D filed Apr 24, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Starboard Elan DST based?
Starboard Elan DST is based in Irvine, California.
When did Starboard Elan DST launch?
Starboard Elan DST 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 90% of the 1,090 real estate funds based in California, and more than 90% of all 7,321 that report sales.