SEC Comment Letter 0000000000-24-010038 to Wahed Real Estate Series 1 LLC (CIK 0002033610)
Wahed Real Estate Series 1 LLC (CIK 0002033610)
Date: Sept. 5, 2024 · CIK: 0002033610 · Accession: 0000000000-24-010038
AI Filing Summary & Sentiment
File numbers found in text: 024-12496
Letter
September 5, 2024 Ahmar Shaikh Chief Executive Officer of Wahed Financial LLC Wahed Real Estate Series 1 LLC 12 East 49th Street, 11th Floor New York, NY 10017 Re:Wahed Real Estate Series 1 LLC Offering Statement on Form 1-A Filed August 29, 2024 File No. 024-12496 Dear Ahmar Shaikh: This is to advise you that we do not intend to review your offering statement. We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. We also remind you that, following qualification of your Form 1-A, Rule 257 of Regulation A requires you to file periodic and current reports, including a Form 1-K which will be due within 120 calendar days after the end of the fiscal year covered by the report. Please contact Benjamin Holt at 202-551-6614 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc:Heidi Mortensen
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September 5, 2024
Ahmar Shaikh
Chief Executive Officer of Wahed Financial LLC
Wahed Real Estate Series 1 LLC
12 East 49th Street, 11th Floor
New York, NY 10017
Re:Wahed Real Estate Series 1 LLC
Offering Statement on Form 1-A
Filed August 29, 2024
File No. 024-12496
Dear Ahmar Shaikh:
This is to advise you that we do not intend to review your offering statement.
We will consider qualifying your offering statement at your request. If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
We remind you that the company and its management are responsible for the accuracy and
adequacy of their disclosures, notwithstanding any review, comments, action or absence of action
by the staff. We also remind you that, following qualification of your Form 1-A, Rule 257 of
Regulation A requires you to file periodic and current reports, including a Form 1-K which will
be due within 120 calendar days after the end of the fiscal year covered by the report.
Please contact Benjamin Holt at 202-551-6614 with any questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:Heidi Mortensen