SEC filing record
Primary Source · SEC.gov

American South Real Estate Fund II, LP

Fund Vehicle2021 vintageRule 506(b), Section 3(c)(7)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$124M

Investors

14

Min Invest

$7,500,000

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

American South Real Estate Fund II, LP is a Delaware limited partnership that first filed a Form D on August 19, 2021 and most recently amended it on August 18, 2023, describing itself as a other investment fund. The offering claims Rule 506(b), Section 3(c)(7) and covers equity and pooled investment fund interests. American South Real Estate Fund II, LP reported $124,000,000 sold from 14 investors of a $250,000,000 total offering as of the Form D filed August 18, 2023. 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 $7,500,000. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is C/O Asfm Gp Ii, LLC, 1281 Westwood Blvd., Suite 200, Los Angeles, CA 90024.

Critical Disclosures

What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.

Reporting lapsed · Form D · last filing August 18, 2023

Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.

Timeline
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001875290
Entity NameAmerican South Real Estate Fund II, LP
ExemptionRule 506(b), 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)(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 Partnership
Jurisdiction of OrganizationDelaware
Issuer AddressC/O Asfm Gp Ii, LLC, 1281 Westwood Blvd., Suite 200, Los Angeles, CA 90024
Phone(310) 914-5333
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled investment fund interests
First Sale DateJuly 12, 2021
Filing DateAugust 18, 2023
Accession Number0001567619-23-006972
Total Offering Amount$250,000,000
Total Amount Sold$124,000,000
Amount Remaining$126,000,000
Total Investors14
Non-Accredited InvestorsNone
Minimum Investment$7,500,000
Offering DurationIntended to last more than one year
Net Asset Value RangeDecline to Disclose
State (Issuer Address)CA
Amendment Count3 filings on record

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

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none on file

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Statements extracted

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none on file

NAV prints

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none on file

Offering chains

1

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Fund family Part of the American South Real Estate Fund family: 3 vehicles across 2 generations · adviser of record Sds Real Estate Advisors · 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
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

Pro

  • This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Adviser of Record (Form ADV)

Sds Real Estate Advisors

CRD 309932 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a real estate fund

Auditor named on Form ADV: Novogradac & Co · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

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

Deborah La Franchi

Executive Officer · Los Angeles, CA

Principal and Managing Partner/Co-CEO of ASFM GP II, LLC, General Partner of Main Fund and Feeder Fund, as co-issuers

David Alexander

Executive Officer · Los Angeles, CA

Principal and Managing Partner/Co-CEO of General Partner of Main Fund and Feeder Fund, as co-issuers

Kip Hamilton

Executive Officer · Los Angeles, CA

"""Authorized Person"" of the General Partner of Issuers"

Questions About American South Real Estate Fund II, LP

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

What is American South Real Estate Fund II, LP?

American South Real Estate Fund II, LP is a Delaware limited partnership that filed a Form D with the SEC on August 18, 2023 as a other investment fund. The filing claims Rule 506(b), Section 3(c)(7) for an offering of equity and pooled investment fund interests.

Is American South Real Estate Fund II, LP legit?

AltStreet does not rate legitimacy; it reports the public record. American South Real Estate Fund II, LP filed a Form D with the SEC on August 18, 2023 claiming Rule 506(b), 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 $124,000,000 sold to 14 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. 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 American South Real Estate Fund II, LP 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 American South Real Estate Fund II, LP claimed Rule 506(b), 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 American South Real Estate Fund II, LP raised?

American South Real Estate Fund II, LP reported $124,000,000 sold from 14 investors of a $250,000,000 total offering as of the Form D filed August 18, 2023.

Who can invest in American South Real Estate Fund II, LP?

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 $7,500,000.

What is the minimum investment in American South Real Estate Fund II, LP?

The Form D lists $7,500,000 as the minimum investment accepted from any outside investor as of August 18, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling American South Real Estate Fund II, LP 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 American South Real Estate Fund II, LP?

The Form D lists 3 related persons: Deborah La Franchi, executive officer (Principal and Managing Partner/Co-CEO of ASFM GP II, LLC, General Partner of Main Fund and Feeder Fund, as co-issuers); David Alexander, executive officer (Principal and Managing Partner/Co-CEO of General Partner of Main Fund and Feeder Fund, as co-issuers); Kip Hamilton, executive officer ("""Authorized Person"" of the General Partner of Issuers"). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is American South Real Estate Fund II, LP located?

The issuer's address on its SEC filings is C/O Asfm Gp Ii, LLC, 1281 Westwood Blvd., Suite 200, Los Angeles, CA 90024. Its phone number of record is 310-914-5333. It is organized under the laws of Delaware.

How long is the American South Real Estate Fund II, LP offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 2 amendments are on record for this CIK.

How large is American South Real Estate Fund II, LP?

The issuer declined to disclose its net asset value 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.