A Charlotte-based investment firm has raised nearly $22 million in two separate private stock offerings, along with limited partnership units, according to two filings with the Securities and Exchange Commission.
Capstone Property Investments LLC filed two Form Ds with the SEC on Oct. 3, under the limited partnership “SFP ML II.” The filings listed total offering amounts of $2 million and $19.3 million, respectively, with no amount remaining to be sold.
Thirteen investors were involved with the $2 million offering, and 1 investor with the nearly $20 million offering, the filings noted. No other details were provided.
Capstone operates three institutional grade real estate investment properties leased to the U.S. General Services Administration on long term leases, according to its website. Capstone also acts as the general partner and the asset manager for the three Limited Partnerships, which own these assets, the firm said. One of those three is “SFP ML II.”
“GP LLC,” who was listed as an executive officer on the filings, signed the Form Ds.
James Jacobson Jr. is listed as a managing partner on Capstone’s website, and his investment program is unique in that it provides individuals and institutional investors access to properties that are leased by agencies of the federal government.
Capstone’s portfolio consists of the U.S. Citizenship & Immigration Service in Lincoln, Nebraska, the U.S. Drug Enforcement Administration in Detroit, Michigan, and the U.S. Department of Veterans Affairs Denver Acquisition & Logistics Center in Golden, Colorado, according to the firm’s website.
Private companies similar to Capstone, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.
