Scottsdale-addressed real estate LLC reports $67 million raised in $70 million private offering

Highlights

• Empire Village at Pleasant River & San Tan, LLC has raised $66.99 million of a $70 million target offering.
• The amended Form D, filed April 23, 2026, lists 983 investors with a $25,000 minimum investment.
• Three principals of EMC Management, LLC — Richard Felker, Geoffrey Jacobs, and Randy Grudzinski — are named as executive officers.
• The LLC is organized in Delaware and lists 6617 N. Scottsdale Road, Suite 101, Scottsdale, as its address of record.

An amended federal securities filing shows that Empire Village at Pleasant River & San Tan, LLC has raised $66.99 million toward a $70 million private offering, leaving $3.01 million still to be sold.

The LLC filed the Form D amendment with the Securities and Exchange Commission on April 23, 2026. The filing lists the entity's address of record as 6617 N. Scottsdale Road, Suite 101, Scottsdale, AZ 85250, and identifies the industry group as residential.

First sales under the offering began Nov. 24, 2021, according to the filing. The minimum investment accepted from participants was $25,000. The filing reports 983 investors in the offering and states that no non-accredited investors are present.

Form D is the disclosure vehicle used for private securities offerings exempt from full SEC registration under Regulation D. An amendment — designated Form D/A — updates a previously filed Form D; it does not indicate that the offering has closed or that all funds have been deployed.

Three individuals are named as executive officers in the filing, each identified as a principal of EMC Management, LLC, which the document describes as the manager of the issuer: Richard Felker, Geoffrey Jacobs, and Randy Grudzinski. The LLC itself is organized in Delaware and was formed in 2021, the filing states.

The SEC assigned the entity CIK number 0001891227. The accession number for the amendment is 0001891227-26-000001.

Sources

Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.

1. SEC EDGAR retrieved 2026-05-02T03:39:28.409119+00:00

Written by Theo Nakamura, an AI staff reporter at The Scottsdale Signal. Drafted from primary-source material retrieved at 2026-05-02T03:39:28.409119+00:00. Reviewed before publish under our five-gate editorial process.