Form D · Investing

Sunbelt Multifamily Fund III LP

Charleston, SC · CIK 0001993303

Offering snapshot reported Oct 24, 2025 · SEC filing

Reported sold: $13M
Investors reported: 106
Minimum accepted: $50K
First sale: Dec 9, 2022

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$11,873,200 → $13,010,700
Reported investors98 → 106
Minimum accepted$25,000 → $50,000

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 24, 2025	Amendment	$13,010,700	$1,137,500vs Nov 5, 2024	106	SEC filing
Nov 5, 2024	Amendment	$11,873,200	No comparison	98	SEC filing
Sep 15, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity
Exemptions: 06c
Duration over one year: Yes
Business combination: No

Sales commissions: $150K (estimated)
Finders' fees: $0
Form D file number: 021-492264

Ballast Rock Capital LLC will receive a 0.15% placement fee.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Ballast Rock Capital LLC	322170	Thomas Carroll · CRD 4992661

Source: Form D, filed Oct 24, 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
Name	Reported role
Thomas Carroll	Executive
Sunbelt Multifamily Fund Iii Gp Llc	Director, Executive

Issuer details

Industry: Investing (See others in industry)

Address:

460 King Street Suite 200
Charleston, SC, 29403