Pinkard Group, a Bethesda, Maryland-based real estate investment and development company, raised $19 million in a fund to invest in real estate, according to a Securities and Exchange Commission filing.
Pinkard Fund II LLC filed the Form D on Jan. 30. The exact amount of shares sold totaled to $19,190,000. It reported that the proceeds were to be used for customary management fees and performance fees given to the company and its affiliates.
Pinkard Partners II LLC is a subsidiary of the Pinkard Fund and is operated by Robert M. Pinkard and Peter C. Kleeblatt. The company was founded in 2010 and capitalizes on global real estate opportunities and relationships in the greater Washington, DC area.
Investments the company has taken include residential, corporate and commercial real estate projects.
When filing a Reg D exemption, companies do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.
The form can be found here.
