SEC filing record
Primary Source · SEC.gov

Acretrader 138, LLC

Single-Deal SPV2020 vintage506(c)

Raised

$2M

Investors

20

Min Invest

$24,175

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AltStreet Analysis

·

Generated from EDGAR primary sources

Acretrader 138, LLC is a single-property farmland investment vehicle filed by Stephen Malloy and Mary Alexander that raised $1.5M from 20 investors under Rule 506(c). The offering has a $24K minimum investment and is part of the AcreTrader platform, which has 138 related entities on EDGAR. First sale date was not disclosed in this December 2020 filing.

This offering falls within the typical structure for AcreTrader farmland SPVs: a 506(c) exemption allowing general solicitation with accredited-only investors, a mid-tier minimum investment around $24K, and a raise size between $1M-$2M. The $75K average check size (based on 20 investors) is consistent with fractional farmland ownership models.

Data Flags

salesCommissionsNo sales commissions stated on a $1.5M 506(c) offering with 20 investors, which is unusual for retail-oriented platforms that typically use third-party distribution
firstSaleDateFirst sale date not disclosed despite $1.5M already raised from 20 investors by filing date

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001832440
Entity NameAcretrader 138, LLC
ExemptionRule 506(c)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationArkansas
Issuer Address112 W. Center Street, 6th Floor, Fayetteville, AR 72701
Phone(479) 335-5660
Industry / Fund TypeOther Real Estate
Securities TypeEquity
First Sale Date—
Filing DateDecember 15, 2020
Accession Number0001832440-20-000001
Total Offering Amount$1,549,134
Total Amount Sold$1,549,134
Amount Remaining$0
Total Investors20
Non-Accredited InvestorsNone
Minimum Investment$24,175
Offering DurationOne year or less
Revenue RangeNo Revenues
State (Issuer Address)AR
Amendment CountOriginal filing only

Filings on Record

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

In the Terminal

Filing events

0

none on file

Critical / warning

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0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

closed

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Fund family Part of the Acretrader family: 178 vehicles across 0 generations · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • The dated record: 9 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 1 offering timeline: 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.

Stephen Malloy

Executive Officer · Fayetteville, AR

Mary Alexander

Executive Officer · Fayetteville, AR

Questions About Acretrader 138, LLC

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

What is Acretrader 138, LLC?

Acretrader 138, LLC is a Arkansas limited liability company that filed a Form D with the SEC on December 15, 2020 in the Other Real Estate industry group. The filing claims Rule 506(c) for an offering of equity. AltStreet links the issuer to AcreTrader.

Is Acretrader 138, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Acretrader 138, LLC filed a Form D with the SEC on December 15, 2020 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,549,134 sold to 20 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to AcreTrader, 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 Acretrader 138, 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 Acretrader 138, LLC claimed Rule 506(c) 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 Acretrader 138, LLC raised?

Acretrader 138, LLC reported $1,549,134 sold from 20 investors of a $1,549,134 total offering as of the Form D filed December 15, 2020.

Who can invest in Acretrader 138, LLC?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $24,175.

What is the minimum investment in Acretrader 138, LLC?

The Form D lists $24,175 as the minimum investment accepted from any outside investor as of December 15, 2020. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Acretrader 138, LLC and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind Acretrader 138, LLC?

The Form D lists 2 related persons: Stephen Carter Malloy, executive officer; Mary Elise Alexander, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Acretrader 138, LLC located?

The issuer's address on its SEC filings is 112 W. Center Street, 6th Floor, Fayetteville, AR 72701. Its phone number of record is 4793355660. It is organized under the laws of Arkansas.

How long is the Acretrader 138, 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, and no amendment is on record yet.

What is Acretrader 138, LLC's revenue?

The Form D reports a revenue range of No Revenues.

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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.