Form D · Commercial

Lubert-Adler Workforce Housing Fund II-MB, L.P.

Philadelphia, PA · CIK 0001964227

Offering snapshot reported Apr 30, 2025 · SEC filing

Reported sold: $219M
Investors reported: 11
Minimum accepted: $145K
First sale: May 1, 2023

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$209,958,008 → $218,816,632
Reported investors5 → 11
Minimum accepted$5,000,000 → $144,729

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 30, 2025	Amendment	$218,816,632	$8,858,624vs May 3, 2024	11	SEC filing
May 3, 2024	Amendment	$209,958,008	$179,964,007vs May 3, 2023	5	SEC filing
May 3, 2023	Initial	$29,994,001	No comparison	2	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-480650

There are no sales commissions or finders' fees expenses that are paid by the Issuer.

Source: Form D, filed Apr 30, 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

LUBERT-ADLER WORKFORCE HOUSING FUND II-MB, L.P.

Investment adviser: LUBERT-ADLER MANAGEMENT COMPANY, L.P.

Gross asset value: $215M
Beneficial owners: 12
ADV minimum commitment: $5M

Reported in Form ADV on Jul 13, 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 KPMG, LLP PHILADELPHIA, Pennsylvania, United States

Custodian JP MORGAN CHASE BANK NEW YORK CITY, 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: No

KPMG, LLP
PCAOB 185

Filing source

Form ADV 2118269 · Jul 13, 2026 · Schedule D 7.B.(1), fund 805-2318787108

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
Name	Reported role
Ed Adler	Executive
Dean S. Adler	Executive
Dory Black	Executive
Ryan Burke	Executive
R. Eric Emrich	Executive
Ryan Forry	Executive
Mark S. Kripke	Executive
Ira M. Lubert	Executive
L.P. Lubert Adler Group Wh Ii Mb,	Executive
Llc Lubert Adler Group Wh Ii Mb,	Executive
Vinod Paidipalli	Executive
Gerald A Ronon	Executive
David Silvera	Executive

Issuer details

Industry: Commercial (See others in industry)

Address:

2929 Walnut Street, Suite 1530
Philadelphia, PA, 19104