By Sheri Kasprzak
Atlanta, Jan. 6 - JCM Partners LLC said it has raised $2,604,773 in a private placement of preferred units.
The company sold 2,389,700 series B preferred units to accredited investors at about $1.09 each.
The series B preferreds are not convertible into any other class of units or preferreds. The preferreds also do not pay dividends.
Based in Concord, Calif., JCM acquires, renovates and sells residential, office, retail and industrial real estate.
| Issuer: | JCM Partners LLC
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| Issue: | Series B preferred units
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| Amount: | $2.6 million
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| Units: | 2,389,700
|
| Price: | $1.09
|
| Settlement date: | Jan. 1
|
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