Correspondence 0001731122-23-001938 from Concreit Series LLC (CIK 0001990419)
Concreit Series LLC (CIK 0001990419)
Date: Oct. 24, 2023 · CIK: 0001990419 · Accession: 0001731122-23-001938
AI Filing Summary & Sentiment
File numbers found in text: 024-12321
Referenced dates: October 19, 2023
Letter
Division of Corporation Finance Via Edgar and Email Office of Real Estate & Construction Amendment No. 2 to Offering Statement on Form 1-A Filed October 4, 2023 File No. 024-12321
Re: Concreit Series LLC
Dear Mr. Park:
In response to your letter dated October 19, 2023 regarding Amendment No. 2 to Offering Statement on Form 1-A of CONCREIT SERIES LLC, (the “Company”) file number 024-12321, we hereby submit the following response. Each line item below corresponds to the comment number in your letter followed by our response:
Amendment No. 2 to Offering Statement on Form 1-A filed October 4, 2023
General
1. Comment:
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.
Response:
In response to the Staff’s Comment 1, the Company has deleted the 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. This sentence has been replaced with “The offer and sale of Membership Interests for each Series shall be made pursuant to an offering statement or post-qualification amendment, as applicable, 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 throughout the filing.
2. Comment:
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 at $2,475. Please provide the audited historical financials statements of the property for the rental period or tell us how you determined such financial statements were not required in the filing.
Response:
In response to the Staff’s Comment 2, the Company has updated the Offering Circular to include the unaudited pro forma financial statements, balance sheet, and statement of operations for the property at 7260 Scotlyn Way White House, TN.
Very truly yours,
GERACI LAW FIRM
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Division of Corporation Finance
Via Edgar and Email
Office of Real Estate
& Construction
U.S. Securities &
Exchange Commission
100 F Street, NE
Washington, D.C. 20549
October 23, 2023
Re:
Concreit Series LLC
Amendment No. 2 to Offering Statement on Form 1-A
Filed October 4, 2023
File No. 024-12321
Dear Mr. Park:
In response
to your
letter
dated October
19, 2023 regarding
Amendment No. 2 to Offering Statement on Form 1-A of CONCREIT SERIES LLC, (the “Company”) file number 024-12321, we
hereby
submit the
following
response.
Each line item
below
corresponds
to the comment
number
in your
letter followed
by our
response:
Amendment No. 2 to Offering Statement on Form 1-A
filed October 4, 2023
General
1. Comment:
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.
Response:
In response to the Staff’s Comment
1, the Company has deleted the 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. This sentence has been replaced with “The offer and sale of Membership Interests
for each Series shall be made pursuant to an offering statement or post-qualification amendment, as applicable, 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 throughout the filing.
2. Comment:
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 at $2,475. Please provide the audited historical financials
statements of the property for the rental period or tell us how you determined such financial statements were not required in the filing.
Response:
In response to the Staff’s Comment
2, the Company has updated the Offering Circular to include the unaudited pro forma financial statements, balance sheet, and statement
of operations for the property at 7260 Scotlyn Way White House, TN.
Very truly yours,
GERACI LAW FIRM
/s Saher Hamideh
Saher Hamideh
s.hamideh@geracillp.com
(949) 379-2600
Enclosures