Gingko Residential Raises $5 Million in a Private Offering

11/14/17

By Emily Brice, NC BIZ News

Ginkgo Residential, an apartment management company, raised $5 million in a private stock offering according to a Securities and Exchange Commission filing.

The company filed the Form D on Nov. 14 and decline to disclose what it intended to do with the funds.

Gingko Residential is a real estate operating company that provides management for apartment homes throughout the Southeast. The company also remains committed to working with environmentally smart and reasonably priced housing units that serve the middle market.

The company’s management services include asset management, property management, compliance, construction management, tax revaluation, refinancing, market studies and green initiatives.

Gingko Residential is operated by CEO Philip Payne, who graduated from William & Mary with a bachelor’s in psychology in 1973. He later went on to pursue a law degree from there as well and graduated in 1978.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

The filing can be found here.

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