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EDGAR Verified
Primary Source · SEC.gov

CrowdStreet Build-to-Rent & Multifamily Fund I, LLC - Series I

CIK 0001884886Fund Vehicle2021 vintage506(c), 3(c)(1)
CrowdStreetFull Review

Raised

$16M

Investors

101

Min Invest

$50,000

AltStreet Analysis

·

Generated from EDGAR primary sources

CrowdStreet Build-to-Rent & Multifamily Fund I, LLC - Series I is a Delaware pooled investment fund filed by CrowdStreet Advisors, LLC with executive officer Sheldon Chang. As of September 29, 2021, the fund raised $15.8M from 101 investors under Rule 506(c) and 3(c)(1) exemptions, with a $50K minimum investment. This entity is part of the CrowdStreet platform, which operates 44 related EDGAR-registered entities focused on real estate investments.

This real estate pooled fund uses the 506(c) exemption allowing general solicitation to accredited investors, combined with 3(c)(1) Investment Company Act exemption limiting to fewer than 100 beneficial owners. The $50K minimum places it in the lower-mid tier for institutional real estate funds, consistent with CrowdStreet's accessible platform model targeting accredited retail investors.

Data Flags

investor_count101 investors reported against 3(c)(1) exemption which limits beneficial owners to 100; fund is at or potentially over the regulatory threshold
generalNo sales commissions stated on a $15.8M 506(c) offering with 101 investors; unusual for a publicly solicited raise of this size and investor breadth
investor_countAverage check size of approximately $156K is relatively small for a pooled real estate fund, suggesting broad retail accredited investor base

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001884886
Entity NameCrowdStreet Build-to-Rent & Multifamily Fund I, LLC - Series I
Exemption506(c), 3(c)(1)
First Sale Date—
Filing DateSeptember 29, 2021
Accession Number0001884886-21-000001
Total Amount Sold$16M
Total Investors101
Minimum Investment$50,000
Securities TypePooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

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

Managing Member CrowdStreet Advisors, LLC

Director · Austin, TX

Sheldon Chang

Executive Officer · Austin, TX

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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.