Form D · REITS and Finance

Blackbird Real Estate Partners III, L.P.

Chicago, IL · CIK 0001995427

Offering snapshot reported Oct 5, 2026 · SEC filing

Reported sold
$35.2M
Offering amount: $200M
Investors reported
26
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Sep 27, 2023
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$17.6M$35.2MOct 5, 2023: $31,850,000.00Oct 5, 2023Oct 7, 2024: $31,850,000.00Oct 7, 2024Oct 3, 2025: $35,200,000.00Oct 3, 2025Oct 5, 2026: $35,200,000.00Oct 5, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 5, 2026Amendment$35,200,000$0vs Oct 3, 202526SEC filing
Oct 3, 2025Amendment$35,200,000$3,350,000vs Oct 7, 202426SEC filing
Oct 7, 2024Amendment$31,850,000$0vs Oct 5, 202321SEC filing
Oct 5, 2023Initial$31,850,000No comparison21SEC filing

Offering details

Securities
Equity, Pooled investment fund, Other
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-493885
Limited partnership interests ("Interests")in real estate investment fund; min investment subject to lesser amounts being accepted at the discretion of the General Partner.

Source: Form D, filed Oct 5, 2026. 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

BLACKBIRD REAL ESTATE PARTNERS III, L.P.

Investment adviser: BLACKBIRD CAPITAL MANAGEMENT, LLC

Gross asset value
$41.6M
Beneficial owners
25
ADV minimum commitment
$1M

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator APEX FUND SERVICES (INDIANA) INC. EVANSVILLE, Indiana, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian WINTRUST BANK, N.A. CHICAGO, Illinois, United States Related to adviser: No
Marketer INNOVATION PARTNERS LLC CHARLOTTE, North Carolina, United States Related to adviser: No
Marketer JMCCO, 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

RSM US LLP
PCAOB 49

INNOVATION PARTNERS LLC
CRD 146344 · SEC 801-78702

Filing source

Form ADV 2071616 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-3291212370

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

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
NameReported role
Greg Adler Executive
Peter Hosfield Executive
Matthew Jenson Executive
Todd Vender Executive

Issuer details

Industry: REITS and Finance (See others in industry)

Address:
350 W. Hubbard Street Suite 250
Chicago, IL, 60654