Empire Skyline Fund II, LLC

Other real estate
Rule 506(b)
Sioux Falls, Sd, South Dakota
Filed Oct 7, 2026

Raising: $19,500,000
Sold so far: $0; 0% sold
Investors: 0
Average check: —; Sold ÷ investors
Minimum: $50,000
Sales commissions: $0; Issuer's estimate

In plain English

Empire Skyline Fund II, LLC, a real estate business based in Sioux Falls, Sd, South Dakota, filed a Form D with the SEC on Oct 7, 2026 to raise $19.5 million. It hasn't reported any sales yet. The smallest investment it accepts from an outside investor is $50,000.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

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

This offeringMedian

Raise size$19.5M vs $7.7M median

Larger than 66% of the 460 offerings that set a size.

How much is sold0% sold vs 50% median

No sales reported yet, as of this filing.

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

Right at the median of the 427 offerings that stated a minimum.

Where the sponsor is based

The South Dakota housing market

Typical home value $318KChange, 12 months 2.3%

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

See South Dakota market data

Filing details

File number: 021-600378
Latest filing: Form D, Oct 7, 2026
Accession number: 0002157346-26-000001
Entity type: Limited Liability Company
Industry group: Other Real Estate
Principal place of business: Sioux Falls, Sd, South Dakota
Exemption claimed: Rule 506(b)
First sale: Not yet, or not reported

Timeline

Form D filed with the SEC
Oct 7, 2026
No sales reported yet
As reported Oct 7, 2026

Other recent filings from South Dakota

All fund filings

This page summarizes a notice Empire Skyline Fund II, LLC filed with the SEC. Fidelis First is not affiliated with Empire Skyline Fund II, LLC, 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 7, 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 7, 2026

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