September 22, 2025

In Today’s Edition

Today’s alert features 22 offerings totaling approximately $522 million, including offerings from Reef Capital Partners, Legacy Lending US, and Oz Development. Sponsors are located in Lehi, UT, Bend, OR, and Lindon, UT.

Offering Amounts range from $1 million to $250 million, with minimum investments up to $100,000. Today’s offerings include 3 funds and 19 single-asset offerings.

GPs in Focus

Reef Capital Partners is a Utah‑based real estate investment and development firm specializing in high‑end resort, lifestyle, and experiential properties. With over 20 years in the business, they focus on acquiring, developing, and managing destinations that offer luxury and purpose—from world‑class ski and mountain resorts to golf retreats and scenic lodging.

Offering Name: RRE25 Cornerstone Tributer LLC

Offering Amount: $250,000,000

Investment Minimum: $50,000

Type of Offering: 506(b)

Legacy Lending US is a real estate finance firm specializing in private debt solutions and capital structuring for real estate sponsors and operators. The company offers tailored lending options to support acquisitions, value‑add asset repositioning, and short‑term funding gaps. With a focus on speed, transparent underwriting, and strong sponsor alignment, Legacy Lending US provides flexible capital that fills traditional financing voids. Their offerings cater to both seasoned developers and emerging real estate investors.

Offering Name: Pronghorn Debt Fund LLC

Offering Amount: $100,000,000

Investment Minimum: $100,000

Type of Offering: 506(c)

OZ Development LLC is a Lindon, Utah–based real estate firm founded in 2019 that specializes in both Opportunity Zone and traditional developments. The company focuses on creating projects that blend value‑add investment strategies with tax efficiencies—particularly for investors seeking the benefits of Opportunity Zones. The firm employs approximately +/- 3 people.

Offering Name: OZ Mesa QOZB, LLC

Offering Amount: $26,000,000

Investment Minimum: $0

Type of Offering: 506(b)

CRE Capital Raises: September 22

GP/Sponsor

Location

Offering Name

Minimum Investment

$ Offering Amount

ATLANTA, GA

PCF IV LO Mesa Side Car, LLC

$100,000

$15,408,163

SPRING, TX

Black Hawk Apartments, LLC

$100,000

$5,000,000

LINDON, UT

OZ19 QOZB LLC

0

$4,500,000

SHERIDAN, WY

Top Flite Capital LLC

$100,000

$25,000,000

HOUSTON, TX

LaunchPad Access Fund LP

$25,000

$3,760,000

LINDON, UT

OZ Linda QOZB LLC

0

$5,500,000

LINDON, UT

OZ Mesa QOZB, LLC

0

$26,000,000

LINDON, UT

OZ Sandpoint 2 QOZB, LLC

0

$3,400,000

LINDON, UT

OZ Sandpoint QOZB, LLC

0

$3,500,000

LINDON, UT

OZ16 QOZB, LLC

0

$13,000,000

BALTIMORE, MD

JSB Greenwich Mill Investor LLC

0

Indefinite

JACKSONVILLE, FL

Chance UNF Member, LLC

$25,000

$21,000,000

BEND, OR

Pronghorn Debt Fund LLC

$100,000

$100,000,000

DALLAS, TX

90Ten 1323 S Congress Ave Syndicate, LLC

0

$1,000,000

WEST FARGO, ND

Enclave Real IncomePlus Fund, LP

$100,000

Indefinite

DOVER, DW

DECADES CAPITAL GROUP LLC

$100,000

$25,000,000

WICHITA, KS

TGC Atlanta, LLC

0

$2,400,000

ATLANTA, GA

PCF IV LO Atlanta 3343 Side Car, LLC

$100,000

$11,367,116

ROANOKE, TX

RVTX Partners I LLC

$50,000

$2,500,000

LEHI, UT

RRE25 Cornerstone Tributer LLC

$50,000

$250,000,000

PORTLAND, OR

DIG Sherwood Office 20015, LLC

$25,000

$1,600,000

SACRAMENTO, CA

Retreat At Faulkner Point LLC

$50,000

$1,984,296

Final Word

We deliver real-time intelligence on commercial real estate capital raises, five days a week. If you find our insights valuable, then please consider forwarding this email to a friend or colleague. 

About Us: Mill Analytics is the first and only Monte Carlo Simulation software built solely for the commercial real estate industry. Mill Analytics enables investors to go far beyond the Base, Upside, and Downside cases, analyzing the results of thousands of scenarios for greater insight into the potential outcomes of an investment. Try for free at millanalytics.com.

- The Mill Analytics Team

Keep Reading