Highlights
- Discovery Property Co LLC has raised $45.8 million of a $57.2 million target offering, per an amended Form D filed June 30.
- The offering, open since March 2017, has attracted 218 investors at a $400,000 minimum buy-in, with no non-accredited investors.
- Michael Meldman is listed as executive officer, director, and promoter; Joseph Arenson serves as authorized signatory of the managing member.
- $11.4 million remains unclosed against the stated target, per the amendment.
Discovery Property Co LLC, a Delaware-organized entity with offices at 4800 N. Scottsdale Road, Suite 3850, has raised $45.8 million of a $57.2 million private offering target, according to an amended Form D filed with the SEC on June 30.
The filing, accession number 0001703064-26-000001, updates an offering that first sold securities on March 22, 2017. With $11.4 million still to raise and 218 investors already in, the vehicle carries a $400,000 minimum investment and has accepted no non-accredited investors.
Michael Meldman is listed as executive officer, director, and promoter. Schuyler Joyner and Edward Divita appear as directors and promoters. Joseph Arenson is listed as executive officer and director, identified in the filing as the authorized signatory of the managing member of the sole member of the issuer.
Arenson also appears as president and executive officer of a related Scottsdale-addressed entity: Driftwood Golf Club Development, Inc., which filed its own Form D amendment on June 30. That vehicle, organized in Delaware and sharing the 4800 N. Scottsdale Road address, reports $21.55 million raised against a $51.8 million target from 167 investors, with a $250,000 minimum.
Form D is the SEC's exempt-offering disclosure form; it does not constitute a public securities offering and does not require the same disclosures as a registered offering. The filing does not describe the underlying assets or investment strategy of Discovery Property Co LLC.
The $11.4 million gap between raised and target amounts suggests the offering remains active. No closing date is stated in the amendment.
Where to find them
- Discovery Property Co LLC · formds.com
- Driftwood Golf Club · golfdigest.com · Instagram · Facebook · X · TikTok
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- SEC EDGAR retrieved 02/07/2026 16:13
- SEC EDGAR retrieved 02/07/2026 16:13
- Discovery Property Co LLC (official site) retrieved 02/07/2026 16:13
- Driftwood Golf Club (official site) retrieved 02/07/2026 16:13
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 02/07/2026 16:13. Every claim traces to a source.
