IPO - DAKOTA REAL ESTATE INVESTMENT TRUST

Form Type: CORRESP

Filing Date: 2024-12-11

Corporate Action: Ipo

Type: New

Accession Number: 000149315224049622

Filing Summary: Dakota Real Estate Investment Trust (Dakota REIT) requests the SEC to declare its Offering Statement on Form 1-A qualified on December 16, 2024. The Offering Statement has been submitted only to the Arizona Securities Division for qualification, with exemptions in other states for existing equity holders participating in the Distribution Reinvestment Plan. Dakota REIT will not engage brokers to solicit participation and acknowledges the SEC's authority to take action regarding the Offering Statement. If qualified, Dakota REIT remains responsible for the adequacy of disclosures in the Offering Circular and cannot use the SEC's lack of comments as a defense in future proceedings. They request notification of the qualification via their legal counsel.

Form Type: CORRESP

Filing Date: 2024-10-25

Corporate Action: Ipo

Type: New

Accession Number: 000149315224042498

Filing Summary: Dakota Real Estate Investment Trust (Dakota REIT) has submitted a request for the Securities and Exchange Commission (SEC) to declare its Offering Statement qualified as of noon Eastern Time on October 28, 2024. The Offering Statement is intended for distribution primarily to existing shareholders through the Distribution Reinvestment Plan, and it has been submitted for qualification only with the Arizona Securities Division. Dakota REIT confirms that it will not engage any broker-dealer in the solicitation of participation from its shareholders and will not require FINRA's advisory on compensation arrangements as no existing shareholders are being compensated for their participation in the offering. The company acknowledges that qualification by the SEC does not absolve it from ensuring that all disclosures in the Offering Circular are adequate and accurate, nor can it use the SEC's lack of further comments as a defense in any legal proceedings. Dakota REIT is prepared to only offer shares in states where it is registered or qualified under state securities laws and has requested notifications regarding the qualification status to be sent to its legal counsel.