SEC filing record
Primary Source · SEC.gov

IFC Core Farmland REIT LLC

Platform / Operating Company2024 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2024-01-02Last filing 2024-01-02

Raised

$125K

Investors

125

Min Invest

$1,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

IFC Core Farmland REIT LLC is a Delaware-organized pooled investment vehicle that raised $125K from 125 investors under Reg D 506(b) and 3(c) exemptions, with a $1K minimum investment. Filed January 2, 2024 by executive officer Charles McNairy, this entity is part of the IFC Core Farmland platform, which operates at least one other vehicle (IFC Core Farmland Fund, LP) that raised $4.0M in August 2024.

This farmland REIT represents an unusually accessible entry point to agricultural real estate with its $1K minimum, significantly lower than typical institutional farmland funds. The 506(b) exemption and 3(c) structure are standard for private farmland vehicles, though the investor count is notably high relative to capital raised.

Data Flags

general125 investors contributing $125K total implies an average investment of $1K per investor, suggesting most or all investors committed at the stated minimum—an unusually uniform and fragmented capital base
filing_timingFirst sale date not disclosed on original filing, yet capital has been raised; this is atypical for a sub-$100M offering and may indicate incomplete disclosure or pre-close filing
related_entitiesA related Fund LP vehicle raised $4.0M seven months after this REIT filing with only $125K; suggests either parallel structures serving different investor bases or this REIT represents a pilot/seed tranche

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001793735
Entity NameIFC Core Farmland REIT LLC
ExemptionRule 506(b), 3C.5, Section 3(c), 3C.6, Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address1318 Dale Street, Raleigh, NC 27605
Phone(252) 523-0800
Industry / Fund TypeREITS and Finance
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled Investment Fund
First Sale Date—
Filing DateJanuary 2, 2024
Accession Number0001793735-24-000001
Total Offering Amount$125,000
Total Amount Sold$125,000
Amount Remaining$0
Total Investors125
Non-Accredited InvestorsNone
Minimum Investment$1,000
Offering DurationOne year or less
Sales Commissions$6,250 (to Charles Harrison and 3 others)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)NC
Amendment Count1 amendments filed (2 Form D filings)

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

Capital Raise Timeline

2 Form D filings from Nov 12, 2019 to Jan 2, 2024, the latest a D.

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In the Terminal

Filing events

1

latest Jan 2, 2024

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

2

closed

Latest event New filer · Jan 2, 2024

SEC.gov
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  • 2 offering timelines: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

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

Item 3 changed on the Form D filed 2024-01-02: 0 related persons added and 3 removed against the filing of 2019-11-12; 1 now listed. The names are in the Terminal feed.

Charles McNairy

Executive Officer · Raleigh, NC

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Charles HarrisonCRD 3071551 on BrokerCheck

Associated broker-dealer: H & L Equities, LLC (CRD 113794) · Atlanta, GA · Soliciting in FL, GA, TX

Lori MayfieldCRD 4899271 on BrokerCheck

Associated broker-dealer: H & L Equities, LLC (CRD 113794) · Atlanta, GA · Soliciting in FL, GA, TX

Patrick WhelchelCRD 5389090 on BrokerCheck

Associated broker-dealer: H & L Equities, LLC (CRD 113794) · Atlanta, GA · Soliciting in FL, GA, TX

Scott HarrisonCRD 4981070 on BrokerCheck

Associated broker-dealer: H & L Equities, LLC (CRD 113794) · Atlanta, GA · Soliciting in FL, GA, TX

Questions About IFC Core Farmland REIT LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is IFC Core Farmland REIT LLC?

IFC Core Farmland REIT LLC is a Delaware limited liability company that filed a Form D with the SEC on January 2, 2024 in the REITS and Finance industry group. The filing claims Rule 506(b), 3C.5, Section 3(c), 3C.6, Section 3(c)(7) for an offering of equity and pooled investment fund interests. AltStreet links the issuer to IFC Core Farmland.

Is IFC Core Farmland REIT LLC legit?

AltStreet does not rate legitimacy; it reports the public record. IFC Core Farmland REIT LLC filed a Form D with the SEC on January 2, 2024 claiming Rule 506(b), 3C.5, Section 3(c), 3C.6, Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $125,000 sold to 125 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to IFC Core Farmland, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is IFC Core Farmland REIT LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that IFC Core Farmland REIT LLC claimed Rule 506(b), 3C.5, Section 3(c), 3C.6, Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has IFC Core Farmland REIT LLC raised?

IFC Core Farmland REIT LLC reported $125,000 sold from 125 investors of a $125,000 total offering as of the Form D filed January 2, 2024.

Who can invest in IFC Core Farmland REIT LLC?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $1,000.

What is the minimum investment in IFC Core Farmland REIT LLC?

The Form D lists $1,000 as the minimum investment accepted from any outside investor as of January 2, 2024. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling IFC Core Farmland REIT LLC and how are they paid?

The Form D names Charles Harrison (CRD 3071551), associated with H & L Equities, LLC; Lori Mayfield (CRD 4899271), associated with H & L Equities, LLC; Patrick Whelchel (CRD 5389090), associated with H & L Equities, LLC; Scott Harrison (CRD 4981070), associated with H & L Equities, LLC as recipients of sales compensation soliciting in FL, GA, TX. Sales commissions are reported as $6,250 and finders' fees as $0. Form D allows these to be estimates.

Who is behind IFC Core Farmland REIT LLC?

The Form D lists 1 related person: Charles F.H. McNairy, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is IFC Core Farmland REIT LLC located?

The issuer's address on its SEC filings is 1318 Dale Street, Raleigh, NC 27605. Its phone number of record is 252-523-0800. It is organized under the laws of Delaware.

How long is the IFC Core Farmland REIT LLC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.

What is IFC Core Farmland REIT LLC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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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.