Edgewood Real Estate Investment Trust Financing
Edgewood Real Estate Investment Trust, Business Trust just released form D regarding $59.50 million equity financing. The date of first sale was 2014-02-26. Edgewood Real Estate Investment Trust was able to fundraise $13.24 million so far. That is 22.25% of the round of financing. The total financing amount was $59.50 million. The form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $46.26 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Edgewood Real Estate Investment Trust is based in North Dakota. The firm’s business is REITS and Finance. The SEC form was filed by Jon E Strinden Vice President. The company was incorporated more than five years ago. The filler’s address is: 322 Demers Avenue, Suite 500, Grand Forks, Nd, North Dakota, 58201. Edgewood Properties Management Llc is the related person in the form and it has address: 322 Demers Avenue, Suite 500, Grand Forks, Nd, North Dakota, 58201. Link to Edgewood Real Estate Investment Trust Filing: 000120919116145141.
Analysis of Edgewood Real Estate Investment Trust Offering
On average, firms in the REITS and Finance sector, sell 56.00% of the total offering amount. Edgewood Real Estate Investment Trust sold 22.25% of the offering. The financing is still open. The average investment floor size for companies in the REITS and Finance industry is $988,700. The total amount raised is 1,239.28% bigger than the average for companies in the REITS and Finance sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Edgewood Real Estate Investment Trust Also
The Form D signed by Jon E Strinden might help Edgewood Real Estate Investment Trust’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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