Tower 56 Direct, LLC is a real estate fund based in New York, New York. According to its most recent Form D, filed Apr 6, 2023, it has sold $22,000,000 of interests to 61 investors since its first sale in Apr 2023. The minimum investment it accepts from an outside investor is $250,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Stephen Sakhai; Cyrus Sakhai; William Gentile.
- Total raised
- $22,000,000Cumulative sales reported on Form D
- Investors
- 61
- First sale
- Apr 4, 2023
- Minimum investment
- $250,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Stephen Sakhai; Cyrus Sakhai; William Gentile
- Latest Form D
- Apr 6, 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 Tower 56 Direct, LLC
What is the minimum investment for Tower 56 Direct, LLC?
According to its latest Form D, filed Apr 6, 2023, the minimum investment Tower 56 Direct, LLC accepts from an outside investor is $250,000.
Who can invest in Tower 56 Direct, LLC?
Tower 56 Direct, 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 Tower 56 Direct, LLC raised?
Tower 56 Direct, LLC reports $22,000,000 sold from 61 investors on its Form D filed Apr 6, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Tower 56 Direct, LLC based?
Tower 56 Direct, LLC is based in New York, New York.
When did Tower 56 Direct, LLC launch?
Tower 56 Direct, LLC reports its first sale in Apr 2023.
Size compared with every real estate fund
Raised more than 89% of the 811 real estate funds based in New York, and more than 88% of all 7,311 that report sales.