FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.
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
$56M
Investors
48
Min Invest
$2,000,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. is a Delaware limited partnership that first filed a Form D on June 3, 2022 and most recently amended it on December 19, 2023 in the Commercial industry group. The offering claims Rule 506(b) and covers equity. FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. reported $56,200,000 sold from 48 investors of a $125,000,000 total offering as of the Form D filed December 19, 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. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $2,000,000. 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 10350 Bren Road West, Minnetonka, MN 55343.
EDGAR Filing Data
Form D — Primary Source
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In the Terminal
Filing events
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Statements extracted
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NAV prints
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Offering chains
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lapsed
Investor
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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 2023-12-19: 2 related persons added and 1 removed against the filing of 2022-06-03; 6 now listed. The names are in the Terminal feed.
Wade C. Lau
Executive Officer, Director · Minnetonka, MN
President, Treasurer and Director of the General Partner
Kim C. Hofstede
Executive Officer, Director · Minnetonka, MN
Vice President and Director of the General Partner
Chris C. Courneya
Executive Officer · Minnetonka, MN
Vice President of the General Partner
Jason L Faith
Executive Officer · Minnetonka, MN
Vice President and Secretary of the General Partner
James P Montalbano
Executive Officer · Minnetonka, MN
Vice President of the General Partner
Founders GP, VI L.L.C.
Promoter · Minnetonka, MN
General Partner of the Issuer
Questions About FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.?
FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. is a Delaware limited partnership that filed a Form D with the SEC on December 19, 2023 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.
Is FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. filed a Form D with the SEC on December 19, 2023 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $56,200,000 sold to 48 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 FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. 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 FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. claimed Rule 506(b) 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 FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. raised?
FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. reported $56,200,000 sold from 48 investors of a $125,000,000 total offering as of the Form D filed December 19, 2023.
Who can invest in FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.?
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. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $2,000,000.
What is the minimum investment in FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.?
The Form D lists $2,000,000 as the minimum investment accepted from any outside investor as of December 19, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. 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 FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.?
The Form D lists 6 related persons: Wade C. Lau, executive officer, director (President, Treasurer and Director of the General Partner); Kim C. Hofstede, executive officer, director (Vice President and Director of the General Partner); Chris C. Courneya, executive officer (Vice President of the General Partner); Jason L Faith, executive officer (Vice President and Secretary of the General Partner); James P Montalbano, executive officer (Vice President of the General Partner); Founders GP, VI L.L.C., promoter (General Partner of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. located?
The issuer's address on its SEC filings is 10350 Bren Road West, Minnetonka, MN 55343. Its phone number of record is 952-656-4607. It is organized under the laws of Delaware.
How long is the FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P. 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 FOUNDERS PROPERTIES INCOME FUND VI, L.L.L.P.'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.