AltStreet
EDGAR Verified
Primary Source · SEC.gov

Villas Apartments Investors LLC

CIK 0001788304Single-Deal SPV2019 vintage506(c)
CrowdStreetFull Review

Raised

$5M

Investors

45

Min Invest

$50,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Villas Apartments Investors LLC, a Delaware LLC filed by executives Robert Howe, Daniel Foster, Matthew Hinrichs, and Thomas Grossi, raised $5.3M from 45 investors under Rule 506(c) exemption with a $50K minimum investment. The filing date is September 16, 2019, with no first sale date disclosed. This entity is part of the CrowdStreet platform, which operates 44 related EDGAR entities in real estate syndication.

This real estate offering uses the 506(c) exemption, which permits general solicitation to accredited investors, consistent with online syndication platforms. The $50K minimum investment is typical for CrowdStreet SPVs targeting accredited retail investors, positioning it in the accessible end of private real estate relative to institutional minimums of $250K-$1M+.

Data Flags

salesCommissionsAmountNo sales commissions disclosed on a $5.3M 506(c) offering with 45 investors, unusual for a platform-mediated raise typically involving finder or placement fees
firstSaleDateNo first sale date disclosed on an original filing with $5.3M already raised, suggesting potential late filing or incomplete disclosure
generalAverage investment of approximately $118K across 45 investors indicates relatively uniform distribution without obvious anchor investor concentration

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001788304
Entity NameVillas Apartments Investors LLC
Exemption506(c)
First Sale Date—
Filing DateSeptember 16, 2019
Accession Number0001788304-19-000008
Total Amount Sold$5M
Total Investors45
Minimum Investment$50,000
Securities TypeEquity
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.

Robert Howe

Executive Officer · Seattle, WA

Daniel Foster

Director · Seattle, WA

Matthew Hinrichs

Director · Seattle, WA

Thomas Grossi

Director · Seattle, WA

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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.