Form D · Other Real Estate
PREP Net Lease Income Fund III, Inc.
Park City, UT · CIK 0001926970
Offering snapshot reported May 23, 2023 · SEC filing
- Reported sold
- $18.7M Offering amount: $200M
- Investors reported
- 185 Form D · investor count
- Minimum accepted
- $50K Reported outside-investor minimum
- First sale
- Jun 10, 2022 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
- Reported investors0 → 185
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| May 23, 2023 | Amendment | $18,651,096 | No comparison | 185 | SEC filing |
| May 26, 2022 | Initial | Yet to sell | No comparison | 0 | SEC filing |
Offering details
- Securities
- Equity, Other
- Exemptions
- 06b
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $11.4M (estimated)
- Finders' fees
- $0
- Form D file number
- 021-447064
Common stock
Selling commissions of $8,070,000 + Dealer-Manager fees of $3,362,500 are estimated from potential sales of the maximum offering amount
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| PREP Securities, LLC | 188522 | |
| American Portfolios Financial Services, Inc. | 18487 | |
| American Trust Investment Services, Inc. | 3001 | |
| Arkadios Capital | 282710 | |
| Ausdal Financial Partners, Inc. | 7995 | |
| Berthel Fisher & Company Financial Services, Inc. | 13609 | |
| Calton & Associates, Inc. | 20999 | |
| Centaurus Financial, Inc. | 30833 | |
| DFPG Investments, LLC | 155576 | |
| IBN Financial Services, Inc. | 42360 | |
| The Strategic Financial Alliance, Inc. | 126514 | |
| Westpark Capital, Inc. | 39914 | |
| Coastal Equities, Inc. | 23769 |
Source: Form D, filed May 23, 2023. 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.
| Name | Reported role |
|---|---|
| Sara J. Brennan | Director, Executive |
| Gregory L. Clark | Director |
| Prep Property Group Llc | Executive, Promoter |
| Prep Nli Advisor Llc | Executive |
| Michael C. Phillips | Director, Executive, Promoter |
Issuer details
Industry: Other Real Estate (See others in industry)
Address:
2750 Rasmussen Road Suite 202
Park City, UT, 84098
Park City, UT, 84098