SEC Comment Letter 0000000000-23-011414 to Concreit Series LLC (CIK 0001990419)
Concreit Series LLC (CIK 0001990419)
Date: Oct. 19, 2023 · CIK: 0001990419 · Accession: 0000000000-23-011414
AI Filing Summary & Sentiment
File numbers found in text: 024-12321
Letter
United States securities and exchange commission logo October 19, 2023 Sean Hsieh Chief Executive Officer Concreit Series LLC 1201 3rd Ave., Suite 2200 Seattle, WA 98101 Re:Concreit Series LLC Amendment No. 2 to Offering Statement on Form 1-A Filed October 4, 2023 File No. 024-12321 Dear Sean Hsieh: We have reviewed your amended offering statement and have the following comments. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 27, 2023 letter. Amendment No. 2 to Offering Statement on Form 1-A filed October 4, 2023 General 1.We note your response to comment 1. Since you will file an offering statement or post qualification amendment, as applicable, to register each separate Series being offered and provide disclosure about each Property relating to a Series being offered, please delete your statement that the "offer and sale of Membership Interests for each Series shall be made pursuant to a supplement to this Offering Circular, which shall provide information relating to the Series Property such as the description and specifications of the Series Property, the acquisition price, and other relevant terms of the purchase of the Series Property" on the cover page and elsewhere throughout the filing. 2.We note your response to comment 2 that the property at 7260 Scotlyn Way White House, TN is wholly-owned by the Manager and will be sold to the Series at a later date. We further note that your Manager is currently renting the property at a monthly rental rate
FirstName LastNameSean Hsieh Comapany NameConcreit Series LLC October 19, 2023 Page 2 FirstName LastName Sean Hsieh Concreit Series LLC October 19, 2023 Page 2 at $2,475. Please provide the audited historical financial statements of the property for the rental period or tell us how you determined such financial statements were not required in the filing. Please contact Kibum Park at 202-551-6836 or Brigitte Lippmann at 202-551-3713 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Saher Hamideh, Esq.
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United States securities and exchange commission logo
October 19, 2023
Sean Hsieh
Chief Executive Officer
Concreit Series LLC
1201 3rd Ave., Suite 2200
Seattle, WA 98101
Re:Concreit Series LLC
Amendment No. 2 to Offering Statement on Form 1-A
Filed October 4, 2023
File No. 024-12321
Dear Sean Hsieh:
We have reviewed your amended offering statement and have the following comments.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your offering statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our September 27, 2023 letter.
Amendment No. 2 to Offering Statement on Form 1-A filed October 4, 2023
General
1.We note your response to comment 1. Since you will file an offering statement or post
qualification amendment, as applicable, to register each separate Series being offered and
provide disclosure about each Property relating to a Series being offered, please delete
your statement that the "offer and sale of Membership Interests for each Series shall be
made pursuant to a supplement to this Offering Circular, which shall provide information
relating to the Series Property such as the description and specifications of the Series
Property, the acquisition price, and other relevant terms of the purchase of the Series
Property" on the cover page and elsewhere throughout the filing.
2.We note your response to comment 2 that the property at 7260 Scotlyn Way White House,
TN is wholly-owned by the Manager and will be sold to the Series at a later date. We
further note that your Manager is currently renting the property at a monthly rental rate
FirstName LastNameSean Hsieh
Comapany NameConcreit Series LLC
October 19, 2023 Page 2
FirstName LastName
Sean Hsieh
Concreit Series LLC
October 19, 2023
Page 2
at $2,475. Please provide the audited historical financial statements of the property for the
rental period or tell us how you determined such financial statements were not required in
the filing.
Please contact Kibum Park at 202-551-6836 or Brigitte Lippmann at 202-551-3713 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Saher Hamideh, Esq.