Form D Alert: Phillips Edison Grocery Center Reit IIi $220.00 million Financing. R Mark Addy Submitted Nov 16 SEC Filing

REITS Finance Phillips Edison Grocery Center Reit IIi, Inc. - R Mark Addy

Phillips Edison Grocery Center Reit IIi Financing

Phillips Edison Grocery Center Reit IIi, Inc., Corporation just had published form D because of $220.00 million equity financing. This is a new filing. Phillips Edison Grocery Center Reit IIi was able to sell $2.58 million so far. That is 1.17% of the financing offer. The total private offering amount was $220.00 million. The fundraising form was filed on 2016-11-16. The reason for the financing was: 7% Selling Commission plus 3% Dealer Manager Fee for a total of 10% for shares sold in the primary offering.. The fundraising still has about $217.43 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Phillips Edison Grocery Center Reit IIi is based in California. The filler’s business is REITS and Finance. The form was signed by R Mark Addy President and Chief Operating Officer. The company was incorporated in 2016. The filler’s address is: 11501 Northlake Drive, Cincinnati, Oh, Ohio, 45249. [None] Phillips Edison Limited Partnership is the related person in the form and it has address: 11501 Northlake Drive, Cincinnati, Oh, Ohio, 45249. Link to Phillips Edison Grocery Center Reit IIi Filing: 000168801616000001.

Analysis of Phillips Edison Grocery Center Reit IIi Offering

On average, companies in the REITS and Finance sector, sell 56.00% of the total offering amount. Phillips Edison Grocery Center Reit IIi sold 1.17% of the offering. The fundraising is still open. The average offering amount for companies in the REITS and Finance industry is $988,700. The total amount raised is 160.44% bigger than the average for companies in the REITS and Finance sector. The minimum investment for this offering was set at $100000. If you know more about the reasons for the financing, 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 Phillips Edison Grocery Center Reit IIi Also

The Form D signed by R Mark Addy might help Phillips Edison Grocery Center Reit IIi, Inc.’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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