0001751158-21-000051.txt : 20210922 0001751158-21-000051.hdr.sgml : 20210922 20210922121432 ACCESSION NUMBER: 0001751158-21-000051 CONFORMED SUBMISSION TYPE: 1-A POS PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20210922 DATE AS OF CHANGE: 20210922 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Jamestown Invest 1, LLC CENTRAL INDEX KEY: 0001751158 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 831529368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 1-A POS SEC ACT: 1933 Act SEC FILE NUMBER: 024-11102 FILM NUMBER: 211268799 BUSINESS ADDRESS: STREET 1: PONCE CITY MARKET STREET 2: 675 PONCE DE LEON AVENUE NE, 7TH FLOOR CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 7708051000 MAIL ADDRESS: STREET 1: PONCE CITY MARKET STREET 2: 675 PONCE DE LEON AVENUE NE, 7TH FLOOR CITY: ATLANTA STATE: GA ZIP: 30308 FORMER COMPANY: FORMER CONFORMED NAME: Jamestown Atlanta Invest 1, LLC DATE OF NAME CHANGE: 20180824 1-A POS 1 primary_doc.xml 1-A POS LIVE 0001751158 XXXXXXXX 024-11102 false false false Jamestown Invest 1, LLC DE 2018 0001751158 6798 83-1529368 0 0 675 PONCE DE LEON AVENUE, NE 7TH FLOOR ATLANTA GA 30308 770-805-1000 Amber Murray Other 1560972.00 0.00 208632.00 35354673.00 38345190.00 375541.00 21988134.00 24690162.00 8408610.00 38345190.00 2749230.00 -962559.00 1688780.00 -1472314.00 0.00 0.00 Moore, Colson & Company, P.C. Common Shares 0 000000000 N/A N/A 0 000000000 N/A N/A 0 000000000 N/A true true false Tier2 Audited Equity (common or preferred stock) Y Y N Y Y N 46033490 840810 10.0000 46033490.00 0.00 0.00 0.00 46033490.00 North Capital Private Securities 300000.00 Moore, Colson & Company, P.C. 42000.00 King & Spalding, LLP 400000.00 154559 46033490.00 Fee will not be charged to the issuer and will be paid by Sponsor. As such the fees do not reduce net proceeds to the issuer. false true AL AK AZ AR CA CO CT DE DC FL GA ID IL IN IA KS KY LA ME MD MA MI MN MS MO NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY AL AK AZ AR CA CO CT DE DC FL GA ID IL IN IA KS KY LA ME MD MA MI MN MS MO NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY true PART II AND III 2 JTInvest1-1-A-PQA-PARTIII.htm PART III Document
Table of Contents
PART III - Item 8. Exhibits

Table of Contents
Index to Exhibits
ExhibitDescription
2.1*
Certificate of Formation (Incorporated by reference to Exhibit 2.1 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
2.2*
Certificate of Amendment (Incorporated by reference to Exhibit 2.2 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
2.3*
Amended and Restated Operating Agreement (Incorporated by reference to Exhibit 2.3 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
4.1*
Form of Subscription Agreement (Incorporated by reference to Exhibit 4.1 to the Company's Offering Statement on Form 1-K, filed on April 29, 2020)
4.2*
Form of Subscription Agreement for Subscriptions Originated by StartEngine (Incorporated by reference to Exhibit 4.2 to the Company's Offering Statement on Form 1-U, filed on July 20, 2020)
6.1*
Sub-Advisory Agreement (Incorporated by reference to Exhibit 6.1 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
6.2*
Membership Interest Purchase Agreement between Jamestown, L.P. and Jamestown Invest 1, OP, L.P. (Incorporated by reference to Exhibit 6.1 to the Company's Offering Statement on Form 1-U, filed on March 16, 2020)
6.3*
Amended and Restated Limited Liability Company Agreement of JT Invest 1 Dairies, LLC between Jamestown Invest 1 OP, L.P. and Jamestown, L.P. (Incorporated by reference to Exhibit 6.2 to the Company's Offering Statement on Form 1-U, filed on March 16, 2020)
8.1*
Escrow Agreement between Jamestown Invest 1, LLC and North Capital (Incorporated by reference to Exhibit 8.1 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
8.2*
Escrow Services Agreement between Prime Trust, LLC, Jamestown Invest 1, LLC, and StartEngine Primary LLC, dated July 14, 2020 (Incorporated by reference to Exhibit 8.2 to the Company's Offering Statement on Form 1-U, filed on July 20, 2020)
11.1*
Consent of King & Spalding LLP (Incorporated by reference to Exhibit 12.1 to the Company's Offering Statement on Form 1-A POS, filed June 12, 2020)
11.2*Consent of Moore, Colson & Company, P.C. (Filed herein as Exhibit 11.2)
12.1**Opinion of King & Spalding LLP as to the legality of the securities qualified under Post-Qualification on Form 1-A (Filed herein as Exhibit 12.1)
14.1*
Confirmation of Date of Assumption of Transfer Agent Services between Jamestown Invest 1, LLC and Computershare Trust Company, N.A. (Incorporated by reference to Exhibit 14.1 to the Company's Offering Statement on Form 1-K, filed on April 29, 2020)
15.1*
Amended and Restated Operating Partnership Agreement (Incorporated by reference to Exhibit 15.1 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
15.2*Draft offering statement previously submitted pursuant to Rule 252(d) (incorporated by reference to the copy thereof previously made public pursuant to Rule 301 of Regulation S-T)
15.3*Draft amended offering statement previously submitted pursuant to Rule 252(d) (incorporated by reference to the copy thereof previously made public pursuant to Rule 301 of Regulation S-T)
15.4*Draft amended offering statement previously submitted pursuant to Rule 252(d) (incorporated by reference to the copy thereof previously made public pursuant to Rule 301 of Regulation S-T)
15.5*Draft amended offering statement previously submitted pursuant to Rule 252(d) (incorporated by reference to the copy thereof previously made public pursuant to Rule 301 of Regulation S-T)
15.6*
Correspondence by or on behalf of the issuer previously submitted pursuant to Rule 252(d) (Incorporated by reference to Exhibit 15.6 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
15.7*
Correspondence by or on behalf of the issuer previously submitted pursuant to Rule 252(d) (Incorporated by reference to Exhibit 15.7 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
15.8*
Correspondence by or on behalf of the issuer previously submitted pursuant to Rule 252(d) (Incorporated by reference to Exhibit 15.8 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
15.9*
Correspondence by or on behalf of the issuer previously submitted pursuant to Rule 252(d) (Incorporated by reference to Exhibit 15.9 to the Company's Offering Statement on Form 1-A, filed on October 24, 2019)
*Previously filed
**Included herein

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King & Spalding LLP
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September 17, 2021
Jamestown Invest 1, LLC
Ponce City Market
675 Ponce de Leon Avenue, NE
7th Floor
Atlanta, Georgia 30308
Re: Securities Qualified under Post-Qualification Amendment on Form 1-A
Ladies and Gentlemen:
We have acted as counsel to you in connection with your filing of a Post-Qualification Amendment on Form 1-A (CIK No. 0001751158) (as amended or supplemented, the “Post-Qualification Amendment”) pursuant to Rule 252(f) of Regulation A under the Securities Act of 1933, as amended (the “Securities Act”), relating to the qualification of the Post-Qualification Amendment and the offering by Jamestown Invest 1, LLC, a Delaware limited liability company (the “Company”), of up to $46,033,490 of the Company’s common shares representing limited liability company interests of the Company (the “Shares”).
We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinions set forth below, on certificates of officers of the Company.
The opinion set forth below is limited to the Delaware Limited Liability Company Act (the “DLLCA”).
Based on the foregoing, we are of the opinion that the Shares have been duly authorized, and, upon issuance and delivery against payment therefor in accordance with the terms of those certain Subscription Agreements between investors and the Company, a form of which is included in the Post-Qualification Amendment as Exhibit 4.1, the Shares will be, when sold, validly issued and purchasers of the Shares will not have any obligation to make payments to the Company or its creditors (other than the purchase price for the Shares and except for the return of distributions under certain circumstances as required by Sections 18-215, 18-607 and 18-804 of the DLLCA) or contributions to the Company or its creditors solely by reason of the purchasers’ ownership of the Shares.
We hereby consent to the inclusion of this opinion as Exhibit 12.1 to the Post-Qualification Amendment and to the references to our firm under the caption “Legal Matters” in the Post-Qualification Amendment. In giving our consent, we do not admit that we are in the

Jamestown Invest 1, LLC
September 17, 2021
Page 2


category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.
Very truly yours,



King & Spalding LLP