Sr Realty Trust Financing
Sr Realty Trust, Inc., Corporation just submitted form D about $5.00 million equity financing. This is a new filing. Sr Realty Trust, Inc. is expected to sell $5.00 million in this financing round. The total financing amount was $5.00 million. The financing document was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sr Realty Trust is based in Minnesota. The company’s business is REITS and Finance. The D form was signed by Bradley J Schafer Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 900 North Third Street, Minneapolis, Mn, Minnesota, 55401. Bradley J. Schafer is the related person in the form and it has address: 900 North Third Street, Minneapolis, Mn, Minnesota, 55401. Link to Sr Realty Trust Filing: 000162152216000002.
Analysis of Sr Realty Trust Offering
On average, startups in the REITS and Finance sector, sell 56.00% of the total offering size. Sr Realty Trust sold 0.00% of the offering. The fundraising is still open. The average investment size for companies in the REITS and Finance industry is $988,700. The offering was 100.00% smaller than the average of $988,700. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering is set at $5000. 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 Sr Realty Trust Also
The Form D signed by Bradley J Schafer might help Sr Realty Trust, 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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