Form D · Other Investment Fund

ElmTree U.S. Net Lease Fund III, L.P.

St. Louis, MO · CIK 0001683731

Offering snapshot reported Apr 3, 2019 · SEC filing

Reported sold: $187M
Investors reported: 23
Minimum accepted: $0
First sale: Sep 19, 2016

Fundraising history

Reported sold

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.

Reported sold$54,878,048 → $187,363,918
Reported investors8 → 23

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 3, 2019	Amendment	$187,363,918	$132,485,870vs Oct 3, 2016	23	SEC filing
Oct 3, 2016	Initial	$54,878,048	No comparison	8	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.5, 3C.6, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $253K (estimated)
Finders' fees: $0
Form D file number: 021-271736

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Hodes Weill Securities, LLC	131848

Source: Form D, filed Apr 3, 2019. 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

ELMTREE U.S. NET LEASE FUND III, L.P.

Investment adviser: ELMTREE FUNDS, LLC

Gross asset value: $180M
Beneficial owners: 21
ADV minimum commitment: $446K

Reported in Form ADV on Jan 30, 2020. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor PRICEWATERHOUSECOOPERS LOS ANGELES, California, United States

Custodian BANK OF AMERICA, NATIONAL ASSOCIATION ST. LOUIS, Missouri, United States Related to adviser: No

Provider details

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

PRICEWATERHOUSECOOPERS
PCAOB 238

Filing source

Form ADV 1374177 · Jan 30, 2020 · Schedule D 7.B.(1), fund 805-7731597552

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
ElmTree U.S. Net Lease Fund III, L.P. (this fund)	Apr 3, 2019	$187,363,918	23
ELMTREE U.S. NET LEASE FUND IV, L.P.	Nov 2, 2021	$888,000,000	49

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
General Partner Elm Tree U.S. Net Lease Fund Iii Gp, L.L.C.	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Elm Tree Funds, Llc 8025 Forsyth Blvd., Suite 100
St. Louis, MO, 63105