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EDGAR Verified
Primary Source · SEC.gov

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

CIK 0001884743Fund Vehicle2021 vintage506(c), 3(c)
CrowdStreetFull Review

Raised

$7M

Investors

40

Min Invest

$50,000

AltStreet Analysis

·

Generated from EDGAR primary sources

CrowdStreet Build-to-Rent & Multifamily Fund I, LLC - Series I-B is a Delaware pooled investment fund filed by CrowdStreet Advisors, LLC with executive officer Sheldon Chang. The filing reports $7.4M raised from 40 accredited investors under Rule 506(c) and 3(c) exemptions, with a $50K minimum investment. This entity is part of the CrowdStreet platform, which has 44 related EDGAR entities focused on real estate.

This real estate pooled fund uses the 506(c) exemption allowing general solicitation to accredited investors, typical for platform-distributed offerings. The $50K minimum investment represents a mid-tier entry point in the crowdfunded real estate space, lower than institutional funds but higher than pure retail products. The $185K average check size ($7.4M / 40 investors) aligns with accredited investor participation patterns on real estate crowdfunding platforms.

Data Flags

sales_commissionsNo sales commissions disclosed on a $7.4M 506(c) offering with 40 investors, which is uncommon for platform-distributed deals that typically involve broker-dealer compensation
first_sale_dateFirst sale date not disclosed in original filing despite $7.4M already raised from 40 investors

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001884743
Entity NameCrowdStreet Build-to-Rent & Multifamily Fund I, LLC - Series I-B
Exemption506(c), 3(c)
First Sale Date—
Filing DateSeptember 29, 2021
Accession Number0001884743-21-000001
Total Amount Sold$7M
Total Investors40
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.