| Fund ID | 805-4048647281 |
| Fund type | Real Estate Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | No |
| % of assets independently valued | 0% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 0% |
| Owned by non-U.S. persons | 0% |
| Fund | Type | Gross assets |
|---|---|---|
| Hearthstone Housing Partners III, LLC | Real Estate | $417.2M |
| Cal Hearthstone Public Builder Lot Option, LLC | Real Estate | $378.7M |
| Ssp-Hs Lot Option Joint Venture B, LLC | Real Estate | $314.5M |
Np-Hs Lot Option Joint Venture VII, LLC reports $130.1 million in gross assets, among the top 38% of private funds by size.
The stated minimum investment is $50,000.
Np-Hs Lot Option Joint Venture VII, LLC is managed by Hearthstone Inc., a California Corporation.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.