Empire Village at Chatham Hills, LLC has announced an amendment to its private offering, now seeking to raise up to $25 million. This updated offering comes as the company has already sold over $23 million, indicating strong investor interest. The funds raised will be used for various management fees associated with the company's development projects.
Empire Village at Chatham Hills, LLC is a limited liability company incorporated in Delaware. The company operates in the residential industry and has no reported revenues. The business is based in Scottsdale, Arizona, and has been active in filing with the SEC since its incorporation in 2021.
The recent filing, dated November 2, 2026, provides details about the offering and its intended use of proceeds. According to the filing, the company plans to allocate approximately $1.8 million for construction management fees, alongside other fees totaling around $198,946. The filing states, "Represents payments to ENFR Management, LLC, the Manager of the Issuer, of the Acquisition Fee of $128,783, the Pre-Development Fee of $50,000, and the Construction Management Fee estimated at $1,810,680." This highlights the company's focus on managing its development processes efficiently.
The amendment to the offering may affect a variety of stakeholders, including the 401 investors who have already participated in the offering. Additionally, the company has indicated that it will not accept non-accredited investors in this round, ensuring that the investment remains exclusive to qualified individuals.
As for next steps, the filing does not specify what happens next in the process. However, the company is expected to continue its efforts to reach the maximum offering amount of $25 million.
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