KB Lake Elmo, DST

Commercial
Rule 506(c)
Las Vegas, Nevada
Amended Oct 27, 2026

Raising: $28,850,000
Sold so far: $22,292,653; 77% sold
Investors: 14
Average check: $1,592,332; Sold ÷ investors
Minimum: $288,500
Sales commissions: $684,000; Issuer's estimate

In plain English

KB Lake Elmo, DST, a commercial real estate business based in Las Vegas, Nevada, filed an amended Form D with the SEC on Oct 27, 2026 to raise about $28.9 million. It reports about $22.3 million raised from 14 investors, 77% of its target. That works out to roughly $1,592,000 per investor. The smallest investment it accepts from an outside investor is $288,500.

It filed under Rule 506(c), which means it can advertise the offering publicly, but only accredited investors can buy in, and the issuer has to check that they qualify.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$28.9M vs $7.7M median

Larger than 77% of the 460 offerings that set a size.

How much is sold77% sold vs 50% median

Further along than 60% of the 460 offerings with a set size.

Minimum investment$288,500 vs $50,000 median

Higher than 88% of the 427 offerings that stated a minimum.

Where the sponsor is based

The Nevada housing market

Typical home value $441KChange, 12 months 1.6%Las Vegas metro $423K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Nevada market data

Filing details

File number: 021-528720
Latest filing: Form D/A (amendment), Oct 27, 2026
Accession number: 0001709409-26-000028
Entity type: Statutory Trust
Industry group: Commercial
Principal place of business: Las Vegas, Nevada
Exemption claimed: Rule 506(c)
First sale: Aug 21, 2024

Timeline

First sale
Aug 21, 2024
Latest amendment (Form D/A) filed
Oct 27, 2026
$22.3M sold (77% of the target)
As reported Oct 27, 2026

Other recent filings from Nevada

All fund filings

This page summarizes a notice KB Lake Elmo, DST filed with the SEC. Fidelis First is not affiliated with KB Lake Elmo, DST, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Oct 27, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Oct 27, 2026

Source: Data Provided by Zillow Group · As of Sep 2026