Form S-11 - Registration Statement

Forms and Documents

Document	Type	Status	Availability
Form SEC 907 Form S-11	Form and Instruction	Modified	Available
Form SEC 907 Form S-11 - Registration Statement	Form and Instruction	Modified	Repair queued
20251128_3235-0067_2025-21388_90 FR 54806_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2025-11-28	Available
20251128_3235-0067_2025-21388_90 FR 54806_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2025-11-28	Repair queued
20250922_3235-0067_2025-18242_90 FR 45426_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2025-09-22	Available
20250922_3235-0067_2025-18242_90 FR 45426_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2025-09-22	Repair queued
Form S-11.SupportingStatemen.2025.pdf	Supporting Statement A	Uploaded 2025-09-17	Available
Form S-11.SupportingStatemen.2025.pdf	Supporting Statement A	Uploaded 2025-09-17	Repair queued
March 6, 2025.EDGAR PIA.pdf	Supplementary Document	Uploaded 2025-08-18	Available
March 6, 2025.EDGAR PIA.pdf	Supplementary Document	Uploaded 2025-08-18	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
34243	Form S-11 - Registration Statement	Form and Instruction	Modified	Form S-11
34243	Form S-11 - Registration Statement	Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0067	ICR Reference No: 202508-3235-005
Status: Active	Previous ICR Reference No: 202303-3235-013
Agency/Subagency: SEC	Agency Tracking No: CF
Title: Form S-11 - Registration Statement
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/28/2026
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/28/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2029	36 Months From Approved	04/30/2026
Responses	14	0	67
Time Burden (Hours)	2,564	0	12,101
Cost Burden (Dollars)	4,614,624	0	14,790,168

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Abstract: Form S-11 (17 CFR 239.18) is a specialized form under the Securities Act of 1933 (“Securities Act”) used for registration of securities issued by real estate investment trusts (as defined in Section 856 of the Internal Revenue Code) or securities issued by issuers whose business is primarily that of acquiring and holding for investment real estate or interests in real estate or interests in other issuers whose business is primarily that of acquiring and holding real estate or interests in real estate for investment. The information to be collected is intended to ensure the adequacy of information available to investors about the issuer and the securities that may be offered pursuant to the registration statement.

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Authorizing Statute(s): US Code: 15 USC 77g, 77j, 77s(a) Name of Law: Securities Act of 1933
   US Code: 15 USC 78c, 78l, 78m, 78n,78o(d) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78ll Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 45426	09/22/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 54806	11/28/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form S-11 - Registration Statement	SEC 907	Form S-11

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	14	67	0	0	-53	0
Annual Time Burden (Hours)	2,564	12,101	0	0	-9,537	0
Annual Cost Burden (Dollars)	4,614,624	14,790,168	0	0	-10,175,544	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The decrease in burden hours of 9,537 hours and the decrease in cost burden of $10,175,544 are due to a change in our estimate of the number of annual Form S-11 responses (from 67 to 14 responses). The decrease in cost burden is partially offset by an increase in the Commission’s estimate for the hourly cost of outside professionals (from $400 per hour to $600 per hour).

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 11/28/2025

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