IRA Explorer Partners, LLC

Commercial
Rule 506(c)
Irvine, California
Filed Nov 3, 2026

Raising: $37,500,000
Sold so far: $33,262,000; 89% sold
Investors: 134
Average check: $248,224; Sold ÷ investors
Minimum: $20,000
Sales commissions: $0; Issuer's estimate

In plain English

IRA Explorer Partners, LLC, a commercial real estate business based in Irvine, California, filed a Form D with the SEC on Nov 3, 2026 to raise $37.5 million. It reports about $33.3 million raised from 134 investors, 89% of its target. That works out to roughly $248,000 per investor. The smallest investment it accepts from an outside investor is $20,000.

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$37.5M vs $7.7M median

Larger than 80% of the 460 offerings that set a size.

How much is sold89% sold vs 50% median

Further along than 65% of the 460 offerings with a set size.

Minimum investment$20,000 vs $50,000 median

Lower than 82% of the 427 offerings that stated a minimum.

Where the sponsor is based

The California housing market

Typical home value $762KChange, 12 months 0.7%

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

See California market data

Filing details

File number: 021-603330
Latest filing: Form D, Nov 3, 2026
Accession number: 0002155608-26-000001
Entity type: Limited Liability Company
Industry group: Commercial
Principal place of business: Irvine, California
Exemption claimed: Rule 506(c)
First sale: Oct 22, 2026

Timeline

First sale
Oct 22, 2026
Form D filed with the SEC
Nov 3, 2026
$33.3M sold (89% of the target)
As reported Nov 3, 2026

Other recent filings from California

All fund filings

This page summarizes a notice IRA Explorer Partners, LLC filed with the SEC. Fidelis First is not affiliated with IRA Explorer Partners, 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 Nov 3, 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 Nov 3, 2026

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