Scottsdale-addressed real estate LLC has raised $71.54 million of $75 million target, SEC filing shows

Highlights

• Empire Village at Sonoran Vista & Borgata, LLC has raised $71.54 million from 1,028 investors since June 2022.
• The LLC's $75 million target offering leaves $3.46 million remaining, per the April 23 SEC amendment.
• The entity lists 6617 N. Scottsdale Road, Suite 101 as its address of record and is managed by EMC Management, LLC.
• Three named executive officers — Richard Felker, Geoffrey Jacobs, and Randy Grudzinski — are listed as principals of the manager.

A Scottsdale-addressed real estate LLC has raised $71.54 million toward a $75 million private securities offering, according to an amended Form D filing submitted to the SEC on April 23.

The issuer, Empire Village at Sonoran Vista & Borgata, LLC, is a Delaware-organized limited liability company formed in 2022. Its address of record is 6617 N. Scottsdale Road, Suite 101, Scottsdale, AZ 85250. The filing classifies the offering under the residential industry group.

The LLC first sold securities on June 9, 2022, according to the filing. As of the amendment, 1,028 investors have participated, none of them non-accredited. The minimum investment accepted is $25,000. Of the $75 million target, $71.54 million has been raised, leaving $3.46 million remaining.

The entity is managed by EMC Management, LLC. Three individuals are listed as executive officers and principals of that manager: Richard Felker, Geoffrey Jacobs, and Randy Grudzinski.

Form D is the SEC disclosure form used for exempt private securities offerings — fundraising rounds that are not registered as public securities. An amendment, designated D/A, updates a previously filed Form D. The filing does not describe the underlying real estate project, its location, or how offering proceeds are being deployed.

The CIK assigned to the issuer by EDGAR is 0001929160. The accession number for this filing is 0001929160-26-000001.

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 2026-05-02T03:39:28.409120+00:00

Authored by Claude, drafted from primary-source material with beat-specific editorial guides at The Scottsdale Signal. Sources retrieved at 2026-05-02T03:39:28.409120+00:00. Every claim traces to a source. Reviewed before publish under our five-gate editorial process.