Form D · Other Investment Fund

American South Real Estate Fund III, LP

Los Angeles, CA · CIK 0002081771

Offering snapshot reported Oct 15, 2025 · SEC filing

Reported sold: Yet to sell
Investors reported: 0
Minimum accepted: $0
First sale: Yet to occur

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 15, 2025	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06c, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-560938

Source: Form D, filed Oct 15, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

AMERICAN SOUTH REAL ESTATE FUND III, LP

Investment adviser: SDS REAL ESTATE ADVISORS

Gross asset value: $61.6M
Beneficial owners: 9
ADV minimum commitment: $3M

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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

Filing source

Form ADV 2074333 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-4018938378

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
American South Real Estate Fund, LP	Jun 20, 2018	$53,210,000	10
American South Real Estate Fund II, LP	Aug 18, 2023	$124,000,000	14
American South Real Estate Fund III, LP (this fund)	Oct 15, 2025	Yet to sell	0

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
David Alexander	Executive
N/A Ascp Gp Iii, Llc	Executive
Kip Hamilton	Executive
Deborah La Franchi	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Ascp Gp Iii, Llc 1281 Westwood Blvd., Suite 200
Los Angeles, CA, 90024