EDGAR Verified
Primary Source · SEC.gov

Iroquois Valley Farmland REIT, PBC

CIK 0001706350Platform / Operating Company2018 vintage506(c)

Raised

$78K

Investors

Min Invest

$31,300

AltStreet Analysis

·

Generated from EDGAR primary sources

Iroquois Valley Farmland REIT, PBC, a Delaware public benefit corporation, filed this original Form D on April 13, 2018, reporting $78K raised through a Rule 506(c) equity offering with a $31K minimum investment. The filing lists 10 related persons including executive officers David Miller, Arnold Lau, and Kevin Egolf. This entity operates as a farmland REIT platform with no related EDGAR entities identified.

This farmland REIT offering uses the Rule 506(c) exemption, which permits general solicitation to accredited investors, a common structure for alternative agricultural real estate vehicles. The $31K minimum investment represents a relatively accessible entry point compared to typical institutional farmland funds that often require $100K+ minimums, positioning this as a retail-accessible farmland investment vehicle.

Data Flags

total amount soldOnly $78K raised relative to a $31K minimum investment suggests 2-3 early investors; unusually small capital raise for a REIT structure which typically requires substantial initial capitalization
sales commissionsNo sales commissions disclosed on a 506(c) offering; 506(c) permits general solicitation and often involves broker-dealer compensation, making zero commission unusual for this exemption type
generalPublic benefit corporation (PBC) structure for a real estate investment trust is uncommon; most REITs are traditional C-corps, suggesting mission-driven investment thesis beyond pure financial returns

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001706350
Entity NameIroquois Valley Farmland REIT, PBC
Exemption506(c)
First Sale Date
Filing DateApril 13, 2018
Accession Number0001706350-18-000002
Total Amount Sold$78K
Total Investors
Minimum Investment$31,300
Securities TypeEquity
State of IncorporationNot specified
Amendment CountOriginal filing only

Capital Raise Timeline

Chronological filing history from primary SEC Form D documents. Delta figures show change from previous filing.

May 2017D
$1M5 investors$30,750 min
Apr 2018DLatest
$78K$31,300 min

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

David Miller

Executive Officer, Director · Winnetka, IL

Malaika Maphalala

Director · Pahoa, HI

Sally Dodge

Director · Arlington, VT

Coleen Reedy

Director · Wilmette, IL

Joanie Buckley

Director · Green Bay, WI

Teresa Opheim

Director · Minneapolis, MN

Arnold Lau

Executive Officer, Director · Evanston, IL

Kevin Egolf

Executive Officer · Providence, RI

Stephen Rivard

Director · Glenview, IL

Andy Ambriole

Director · Roanoke, IN

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.