Badger Heights Reserve, LLC

Residential
Rule 506(c)
Sioux Falls, South Dakota
Filed Oct 23, 2026

Raising: $4,600,000
Sold so far: $0; 0% sold
Investors: 0
Average check: —; Sold ÷ investors
Minimum: $200,000
Sales commissions: $0; Issuer's estimate

In plain English

Badger Heights Reserve, LLC, a residential real estate business based in Sioux Falls, South Dakota, filed a Form D with the SEC on Oct 23, 2026 to raise $4.6 million. It hasn't reported any sales yet. The smallest investment it accepts from an outside investor is $200,000.

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$4.6M vs $7.7M median

Smaller than 64% 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$200,000 vs $50,000 median

Higher than 80% 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: 021-602337
Latest filing: Form D, Oct 23, 2026
Accession number: 0002161598-26-000001
Entity type: Limited Liability Company
Industry group: Residential
Principal place of business: Sioux Falls, South Dakota
Exemption claimed: Rule 506(c)
First sale: Not yet, or not reported

Timeline

Form D filed with the SEC
Oct 23, 2026
No sales reported yet
As reported Oct 23, 2026

Other recent filings from South Dakota

All fund filings

This page summarizes a notice Badger Heights Reserve, LLC filed with the SEC. Fidelis First is not affiliated with Badger Heights Reserve, 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 23, 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 23, 2026

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