Investment adviser · CRD 309932

SDS REAL ESTATE ADVISORS

Investment adviser filing (IA)

LOS ANGELES, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $474M
Client accounts: 5
Employees: 14
Advisory professionals: 11

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	5	$473,755,680	100.0%

Filing source

Form ADV 2074333 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

5 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

SDS SUPPORTIVE HOUSING FUND, LPReal Estate Fund · Last reported Mar 30, 2026$190MGross asset value

Form D fundraising filings

SDS Supportive Housing Fund, LP

Fund administrator ULTIMUS LEVERPOINT PRIVATE FUND SOLUTIONS PHILADELPHIA, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor NOVOGRADAC & CO LONG BEACH, California, United States

Custodian EAST WEST BANK PASADENA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

NOVOGRADAC & CO
PCAOB 474

Fund details & source

Fund ID: 805-1872897348
Reported beneficial owners: 16
Minimum commitment: $3M
Form D file number: 021-354619

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMERICAN SOUTH REAL ESTATE FUND II, LPReal Estate Fund · Last reported Mar 30, 2026$174MGross asset value

Feeder funds

ASREF FEEDER FUND II, LP

Fund administrator ULTIMUS LEVERPOINT PRIVATE FUND SOLUTIONS PHILADELPHIA, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor NOVOGRADAC & CO LONG BEACH, California, United States

Custodian EASTWEST BANK PASADENA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

NOVOGRADAC & CO
PCAOB 474

Fund details & source

Fund ID: 805-7520610541
Reported beneficial owners: 20
Minimum commitment: $3M
Form D file number: 021-410619

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMERICAN SOUTH REAL ESTATE FUND III, LPReal Estate Fund · Last reported Mar 30, 2026$61.6MGross asset value

Form D fundraising filings

American South Real Estate Fund III, LP

Fund administrator ULTIMUS LEVERPOINT PRIVATE FUND SOLUTIONS PHILADELPHIA, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor NOVOGRADAC & CO LONG BEACH, California, United States

Custodian EAST WEST BANK PASADENA, California, United States Related to adviser: No

Marketer CC SECURITIES, LLC STAMFORD, Connecticut, United States Related to adviser: No

Marketer MARCO POLO SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

NOVOGRADAC & CO
PCAOB 474

CC SECURITIES, LLC
CRD 153523 · SEC 8-68546

MARCO POLO SECURITIES LLC
CRD 46561 · SEC 8-51480

Fund details & source

Fund ID: 805-4018938378
Reported beneficial owners: 9
Minimum commitment: $3M
Form D file number: 021-560938

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMERICAN SOUTH REAL ESTATE FUND, LPReal Estate Fund · Last reported Mar 30, 2026$35.4MGross asset value

Feeder funds

ASREF FEEDER FUND, LP

Fund administrator ALTER DOMUS CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor NOVOGRADAC & CO LONG BEACH, California, United States

Custodian PNC BANK PITTSBURGH, Pennsylvania, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

NOVOGRADAC & CO
PCAOB 474

Fund details & source

Fund ID: 805-2048786988
Reported beneficial owners: 12
Minimum commitment: $500K
Form D file number: 021-289331

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMERICAN SOUTH REAL ESTATE FUND III (PARALLEL), LPReal Estate Fund · Last reported Mar 30, 2026$12.6MGross asset value

Fund administrator ULTIMUS LEVERPOINT PRIVATE FUND SOLUTIONS PHILADELPHIA, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor NOVOGRADAC & CO LONG BEACH, California, United States

Custodian EAST WEST BANK PASADENA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

NOVOGRADAC & CO
PCAOB 474

Fund details & source

Fund ID: 805-7658067416
Reported beneficial owners: 3
Minimum commitment: $3M
Form D file number: 021-56093801

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Fixed

Principal office

1281 WESTWOOD BLVD., SUITE 200
LOS ANGELES, CA, 90024, United States

CRD 309932

Filing source

Form ADV 2074333 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.