Form D · Other Investment Fund

MAI Diversified Real Estate Income Fund III, L.P.

Independence, OH · CIK 0001785813

Offering snapshot reported Apr 19, 2023 · SEC filing

Reported sold: $31M
Investors reported: 65
Minimum accepted: $0
First sale: Nov 21, 2021

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$27,875,000 → $30,950,000
Reported investors51 → 65

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Apr 19, 2023	Amendment	$30,950,000	$3,075,000vs Apr 21, 2022	65	SEC filing
Apr 21, 2022	Amendment	$27,875,000	No comparison	51	SEC filing
Apr 22, 2021	Initial	Yet to sell	No comparison	0	SEC filing
Feb 27, 2020	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-396692

The targeted offering amount is approximately $50,000,000, however more or less than this amount may be accepted, subject to the total offering amount.

Source: Form D, filed Apr 19, 2023. 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

MAI DIVERSIFIED REAL ESTATE INCOME FUND III, L.P.

Investment adviser: MAI CAPITAL MANAGEMENT, LLC

Gross asset value: $28M
Beneficial owners: 66
ADV minimum commitment: $100K

Reported in Form ADV on Sep 18, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ALANTIC FUND ADMINISTRATION, LLC (APEX FUND SERVICES) PORTLAND, Maine, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor BDO CHICAGO, Illinois, United States

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, 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

BDO
PCAOB 243

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

Filing source

Form ADV 2117426 · Sep 18, 2026 · Schedule D 7.B.(1), fund 805-9690806245

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
MAI Diversified Real Estate Income Fund, L.P.	Jan 12, 2017	$28,925,000	45
MAI Diversified Real Estate Income Fund II, L.P.	Oct 30, 2018	$30,855,000	56
MAI Diversified Real Estate Income Fund III, L.P. (this fund)	Apr 19, 2023	$30,950,000	65

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
Richard J. Buoncore	Executive
N/A Mai Capital Management, Llc	Promoter
N/A Mai Diversified Real Estate Income Iii Gp, Llc	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

6050 Oak Tree Boulevard, Suite 500
Independence, OH, 44131