Alex Brown Realty plans to raise $50 million in an investment fund, according to a filing with the Securities and Exchange Commission.
The company filed the Form D on Feb. 9, 2017. The first sale has yet to occur, and the minimum investment accepted from outside investors is $1 million.
The offering is not intended to last more than one year, and is not being made in connection with a business combination transaction, according to the filing.
Eaton Partners will receive an estimated sales compensation of $3.25 million. This offering is one of several offering that comprise the ABR Chesapeake Fund V, which has a total target offering of $400 million.
Founded in 1972, Alex Brown Realty is privately-owned and has 31 employees. It invests in mid-sized properties throughout the U.S. that typically require an equity commitment of $5 million to $15 million and total costs between $20 million and $40 million.
The form can be found here.
