Form D · Pooled Investment Fund

GEM REALTY SPECIAL SITUATIONS FUND, L.P.

Chicago, IL · CIK 0001846955

Offering snapshot reported Apr 13, 2021 · SEC filing

Reported sold
Yet to sell
Offering amount: $30M
Investors reported
Not reported
Form D · investor count
Minimum accepted
Not reported
Reported outside-investor minimum
First sale
Yet to occur
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 13, 2021InitialYet to sellNo comparisonNot reportedSEC filing

Offering details

Securities
Not reported
Exemptions
Not reported
Duration over one year
Not reported
Business combination
Not reported
Sales commissions
Not reported
Finders' fees
Not reported
Form D file number
021-395610

Source: Form D, filed Apr 13, 2021. 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

GEM REALTY SPECIAL SITUATIONS FUND, L.P.

Investment adviser: GEM CAPITAL, L.P.

Gross asset value
$25.9M
Beneficial owners
64
ADV minimum commitment
$100K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor RSM US LLP CHICAGO, Illinois, United States
Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No
Custodian BANK OF AMERICA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, 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

RSM US LLP
PCAOB 49

Filing source

Form ADV 2064295 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-8396369614

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
Craig R. Caffarelli Executive, Promoter
Brad Caldwell Executive, Promoter
Michael A. Elrad Executive, Promoter
Michael Geller Executive, Promoter
Norman S. Geller Executive, Promoter
Derek Lopez Executive, Promoter
Barry A. Malkin Executive, Promoter
Denise A. Olsen Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
900 North Michigan Ave., Suite 1450
Chicago, IL, 60611