Merced 204 Member LLC
Real Estate FundFund ID 805-5770173741Delaware, United States
Gross assets
$47.5M
Min. investment
$100K
Beneficial owners
10
Size rank
Top 56%
Audited
Yes
Structure
Standalone
About this fund
Merced 204 Member LLC is a real estate fund managed by Phoenix Realty Group LLC. The fund reports $47.5 million in gross assets, placing it among the top 56% of private funds by size. The stated minimum investment is $100,000. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-5770173741 |
| Fund type | Real Estate Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Prg Multifamily Strategic Value Fund II, LLC | Real Estate | $553.6M |
| Prg Multifamily Value Added Fund III, LP | Real Estate | $215.9M |
| Prg Jamaica II Qof, LLC | Real Estate | $209.9M |
See all 14 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Merced 204 Member LLC?
Merced 204 Member LLC reports $47.5 million in gross assets, among the top 56% of private funds by size.
What is the minimum investment for Merced 204 Member LLC?
The stated minimum investment is $100,000.
Who manages Merced 204 Member LLC?
Merced 204 Member LLC is managed by Phoenix Realty Group LLC.
Does Merced 204 Member LLC disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
P
New York, NY
Service providers
Reported gross assets
$47.5M▲ 9%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 56%
Larger than 44% of 67,041 private funds
Gross assets vs Real Estate FundsTop 45%
Larger than 55% of 5,814 real estate funds
Minimum investmentTop 71%
Higher than 29% of funds reporting a minimum
Investor base
Adviser & related persons39%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.