Edgewood REIT Launches $112M Equity Offering

The North Dakota-based trust has already begun raising capital and is targeting accredited investors across five states.

December 09, 2025

New Offering Targets Accredited Investors

Edgewood Real Estate Investment Trust is moving ahead with a new capital raise—this time through a $112 million equity offering launched on December 1. Filed under Regulation D Rule 506(b), the offering lets the Fargo-based REIT raise funds from accredited investors without going through the public registration process.

The structure is straightforward: Edgewood is offering equity, with a minimum investment of $56,000. As of the filing date, only a small portion— $55,600 —had been raised, with most of the capital still on the table. Part of the offering—up to $25 million —is allocated to a distribution reinvestment plan, allowing current shareholders to reinvest dividends automatically into additional shares.

Offering Timeline and Geographic Focus

This isn’t a long open-ended raise. Edgewood indicated it doesn’t expect the offering to extend beyond a year. The focus for now is on select markets, with securities being offered in the following states:

• North Dakota


• South Dakota


• Montana


• Minnesota


• Arizona

Compensation, Investor Participation, and Use of Proceeds

The broker-dealer on the transaction is Great Plains Financial Services, with Richard William Engen named as the individual receiving sales compensation. Estimated commissions come in at $1 million, while no finder’s fees are expected.

So far, two investors have come in—both qualified under the accredited investor criteria. Edgewood declined to disclose its revenue or net asset value range. However, it did confirm that none of the funds raised will be used to compensate insiders, including executive officers or directors.

Strategic Capital Raise

With this latest offering, Edgewood continues to raise capital in the private markets while giving existing shareholders the option to deepen their investment positions. It’s a targeted strategy built to draw in long-term, qualified capital.