Form D · REITS and Finance

Lodging Fund REIT III, Inc.

Fargo, ND · CIK 0001745032

Offering snapshot reported Mar 18, 2025 · SEC filing

Reported sold
$101M
Offering amount: $150M
Investors reported
1,532
Form D · investor count
Minimum accepted
$5K
Reported outside-investor minimum
First sale
Jul 26, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$50.4M$101MJul 24, 2018Jul 9, 2019: $30,615,743.00Jul 17, 2020: $69,487,416.00Sep 28, 2021: $74,025,872.00Mar 28, 2023: $87,430,746.00Mar 22, 2024: $89,006,332.00Mar 18, 2025: $100,749,147.00Mar 18, 2025

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$89,006,332 → $100,749,147
  • Reported investors1,387 → 1,532

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 18, 2025Amendment$100,749,147$11,742,815vs Mar 22, 20241,532SEC filing
Mar 22, 2024Amendment$89,006,332$1,575,586vs Mar 28, 20231,387SEC filing
Mar 28, 2023Amendment$87,430,746$13,404,874vs Sep 28, 20211,368SEC filing
Sep 28, 2021Amendment$74,025,872$4,538,456vs Jul 17, 20201,209SEC filing
Jul 8, 2021AmendmentYet to sellNo comparisonNot reportedSEC filing
Jul 17, 2020Amendment$69,487,416$38,871,673vs Jul 9, 20191,135SEC filing
Jun 17, 2020AmendmentYet to sellNo comparison0SEC filing
Jun 4, 2020InitialYet to sellNo comparison0SEC filing
Jul 9, 2019Amendment$30,615,743No comparison495SEC filing
Jul 24, 2018InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity
Exemptions
06b, 3C, 3C.5
Duration over one year
Yes
Business combination
No
Sales commissions
$1.34M (estimated)
Finders' fees
$0
Form D file number
021-317578

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Advisory Group Equity Services Ltd.15427
Rodney Bahy Ibrahim4358176ALLIANCE GLOBAL PARTNERS · CRD 8361
Jason Bryce Vanclef5096529American Trust Investment Services, Inc. · CRD 3001
Ausdal Financial Partners, Inc.7995
Calton & Associates, Inc.20999
Peter Raymond Dorn1089858Cape Securities Inc. · CRD 7072
Center Street Securities, Inc.26898
Crown Capital Securities, L.P.6312
D.H. Hill Securities, LLLP41528
James Thomas Manning4395898Great Point Capital LLC · CRD 114203
Todd Robert Rhine2384366IBN Financial Services, Inc. · CRD 42360
Samuel Scott Bianchi3036667IBN Financial Services, Inc. · CRD 42360
Joseph Eugene Navolanic727399Intercarolina Financial Services, Inc. · CRD 19475
International Assets Advisory, LLC10645
David Wayne Ruths Jr.4067433Investment Planners, Inc. · CRD 18557
Andrew Charles Butler5242668Investment Security Corporation · CRD 47536
John Marvin Butler1951436Investment Security Corporation · CRD 47536
Curtis Jerome Sathre III2459115GREAT POINT CAPITAL LLC · CRD 114203
Chris Fess1335361KCD Financial, Inc. · CRD 127473
Duane Timothy Shoop1396302KCD Financial, Inc. · CRD 127473
Timothy William Steffen1953542KCD Financial, Inc. · CRD 127473
Bo Wang2394019Landolt Securities, Inc. · CRD 28352
Tingkuo Daniel Chen2394916Landolt Securities, Inc. · CRD 28352
G. Anthony Harrigan1817525Lion Street Financial, LLC · CRD 165828
James Bradley Teegarden2812366Lion Street Financial, LLC · CRD 165828
Paul S. Lee5541067KINGSWOOD CAPITAL PARTNERS, LLC · CRD 288898
Money Concepts Capital Corp12963
David Robert Zoellner Sr.2094698Newbridge Securities Corporation · CRD 104065
John Eugene Egan818750REVERE SECURITIES LLC · CRD 14178
Michael Leonard Whitaker1739854Newbridge Securities Corporation · CRD 104065
Philip Behram Antia2187727Newbridge Securities Corporation · CRD 104065
Shirley Ank Wong4869184NI Advisors · CRD 134502
Suihock Goy2821380NI Advisors · CRD 134502
Parkland Securities, LLC115368
Gregory Allen Baldwin1476397Purshe Kaplan Sterling Investments · CRD 35747
Martin Geddes Hurlburt2290027Purshe Kaplan Sterling Investments · CRD 35747
Ross Edwin Carson4484587MML INVESTORS SERVICES, LLC · CRD 10409
Vicki Renee McConnell2113262Purshe Kaplan Sterling Investments · CRD 35747
Sigma Financial Corporation14303
Martin Allan Barth1030462NI ADVISORS · CRD 134502
Emmet Francis Martin Sr.3053367Trustmont Financial Group, Inc. · CRD 18312
William Christopher Johnston IV1051009Trustmont Financial Group, Inc. · CRD 18312
Milton Joseph Beile III4265262Vestech Securities, Inc. · CRD 41409
Mohamed Eldawy6489642Vestech Securities, Inc. · CRD 41409
Western International Securities, Inc.39262
Christopher Michael Dukes4712873Westpark Capital, Inc. · CRD 39914
Edwin Tomohiro Suzuki4851317Westpark Capital, Inc. · CRD 39914
Patrick Morehead6661646Westpark Capital, Inc. · CRD 39914
Sheldon Singleton2060931AMERICAN TRUST INVESTMENT SERVICES, INC. · CRD 3001
American Portfolios Financial Services, Inc.18487
Jason T. Sunderland2650445Fairview Securities, Inc. · CRD 35703
Kenneth Zupo4509502EMERSON EQUITY LLC · CRD 130032
Peak Brokerage Services, LLC157045
DANIEL CORAL GOODWIN5752768AAG CAPITAL, INC. · CRD 188
AGES FINANCIAL SERVICES, LTD.15427
ROGER ALLAN ROEMMICH1293322ALEXANDER CAPITAL, L.P. · CRD 40077
KEVIN L MYERS1213557EMERSON EQUITY LLC · CRD 130032
GREGORY GASTON GIBSON1694647DEMPSEY LORD SMITH, LLC · CRD 141238
HARRY TIMOTHY COUCH4073942DEMPSEY LORD SMITH, LLC · CRD 141238
PETER SCIDA1775245PENSIONMARK SECURITIES, LLC · CRD 283952
ANNA MARIE OCAMPO LOVELL5498414INFINITY FINANCIAL SERVICES · CRD 144302
MARK ANGELO ALEMAN2922342INFINITY FINANCIAL SERVICES · CRD 144302
KRISTIN MARIE PEARSON4522677INVICTA CAPITAL LLC · CRD 288101
STEPHEN WAYNE WINGARD2746603LION STREET FINANCIAL, LLC · CRD 65828
HONGFANG ZHANG6946540NI ADVISORS · CRD 134502
THE M & A GROUP LLC144909
JASON THADDEUS SUNDERLAND2650445FAIRVIEW SECURITIES, INC. · CRD 35703
RICK DAVID MARTINEZ6524415GREAT POINT CAPITAL LLC · CRD 114203
JUAN HUA LIANG6860076NI ADVISORS · CRD 134502

Source: Form D, filed Mar 18, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

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
Katie Cox Executive
David G. Ekman Director
Brian Hagen Director
Llc Legendary Capital Reit Iii Promoter
Legendary Capital Reit Iii, Llc Legendary Capital Reit Iii, Llc Promoter
Jeffrey T. Leighton Director
Norman H. Leslie Director, Executive
Corey R. Maple Director
Samuel C. Montgomery Executive
Perry M. Rynders Director

Issuer details

Industry: REITS and Finance (See others in industry)

Address:
1635 43 Rd Street South, Suite 205
Fargo, ND, 58103