Enclave RIF - 2400 Trade DST

Other real estate
Rule 506(c)
West Fargo, North Dakota
Filed Oct 21, 2026

Raising: $9,500,000
Sold so far: $1,572,134; 17% sold
Investors: 2
Average check: $786,067; Sold ÷ investors
Minimum: $250,000
Sales commissions: $0; Issuer's estimate

In plain English

Enclave RIF - 2400 Trade DST, a real estate business based in West Fargo, North Dakota, filed a Form D with the SEC on Oct 21, 2026 to raise $9.5 million. It reports about $1.6 million raised from 2 investors, 17% of its target. That works out to roughly $786,000 per investor. The smallest investment it accepts from an outside investor is $250,000.

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$9.5M vs $7.7M median

Larger than 53% of the 460 offerings that set a size.

How much is sold17% sold vs 50% median

Behind 63% of the 460 offerings with a set size.

Minimum investment$250,000 vs $50,000 median

Higher than 83% of the 427 offerings that stated a minimum.

Where the sponsor is based

The North Dakota housing market

Typical home value $291KChange, 12 months 5.1%

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

See North Dakota market data

Filing details

File number: 021-601913
Latest filing: Form D, Oct 21, 2026
Accession number: 0002159868-26-000001
Entity type: Delaware Statutory Trust
Industry group: Other Real Estate
Principal place of business: West Fargo, North Dakota
Exemption claimed: Rule 506(c)
First sale: Not yet, or not reported

Timeline

Form D filed with the SEC
Oct 21, 2026
$1.6M sold (17% of the target)
As reported Oct 21, 2026

Other recent filings from North Dakota

All fund filings

This page summarizes a notice Enclave RIF - 2400 Trade DST filed with the SEC. Fidelis First is not affiliated with Enclave RIF - 2400 Trade 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 21, 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 21, 2026

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