Chicago 7 Portfolio Closes $71.2 Million Residential Real Estate Offering
The newly formed LaTerra-affiliated entity sold out its entire equity raise to 10 accredited investors under Rule 506(c), with no commissions or finders’ fees paid.
April 08, 2026
Chicago 7 Portfolio, LLC, a newly formed Delaware limited liability company based in Fort Lauderdale, Florida, disclosed a fully subscribed $71,161,285 equity offering to the Securities and Exchange Commission on April 7, 2026. The offering, conducted under Rule 506(c) of Regulation D, drew 10 accredited investors and has no remaining capital available for sale.
Offering Details
The company operates in the residential real estate sector and was incorporated in 2026. The first sale occurred on March 25, 2026, and the offering is not expected to last more than one year. The minimum investment from outside investors was $100,000.
Rule 506(c) permits issuers to use general solicitation and advertising to market securities, provided all purchasers are verified accredited investors. This distinguishes the offering from Rule 506(b) transactions, which prohibit general solicitation but allow up to 35 non-accredited investors.
Management Structure
The entity’s management involves several layers. LaTerra Respark Chicago 7, LLC serves as the managing member of the issuer. Above that, Respark Chicago, LLC is the managing member of the managing member, and Respark Residential, LLC serves as the manager one level further up the chain. Benjamin Jones is identified as both an executive officer and director, serving as Chief Investment Officer and co-manager of the top-level manager entity. Nicolas Weinstein serves as the other co-manager at the same level. All related persons operate from the same Fort Lauderdale address.
Costs and Use of Proceeds
The company reported no sales commissions, finders’ fees, or payments to executive officers, directors, or promoters from the offering proceeds. Revenue was declined to be disclosed, which is typical for a newly formed special purpose vehicle. The offering was not made in connection with any business combination transaction, and the securities offered are classified solely as equity.
Jones signed the notice in his capacity as Chief Investment Officer on April 7, 2026.
