UTC Development LLC
UTC Development LLC is a real estate fund based in Cerritos, California. According to its most recent Form D, filed Jan 18, 2022, it has sold $3,342,000 of interests to 44 investors since its first sale in Oct 2021. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Philip Lee.
- Total raised
- $3,342,000Cumulative sales reported on Form D
- Investors
- 44
- First sale
- Oct 18, 2021
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Philip Lee
- Latest Form D
- Jan 18, 2022
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 UTC Development LLC
What is the minimum investment for UTC Development LLC?
According to its latest Form D, filed Jan 18, 2022, the minimum investment UTC Development LLC accepts from an outside investor is $25,000.
Who can invest in UTC Development LLC?
UTC Development 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 UTC Development LLC raised?
UTC Development LLC reports $3,342,000 sold from 44 investors on its Form D filed Jan 18, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is UTC Development LLC based?
UTC Development LLC is based in Cerritos, California.
When did UTC Development LLC launch?
UTC Development LLC reports its first sale in Oct 2021.
Size compared with every real estate fund
Raised more than 66% of the 1,086 real estate funds based in California, and more than 57% of all 7,311 that report sales.