Pi Lbp III, LLC is a real estate fund based in Overland Park, Kansas. According to its most recent Form D, filed Jul 7, 2025, it has sold $3,200,000 of interests to 56 investors since its first sale in Jun 2025. The minimum investment it accepts from an outside investor is $10,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Paul Himmelstein; Jeremy Antes.
- Total raised
- $3,200,000Cumulative sales reported on Form D
- Investors
- 56
- First sale
- Jun 25, 2025
- Minimum investment
- $10,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Paul Himmelstein; Jeremy Antes
- Latest Form D
- Jul 7, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Jul 7, 2025 | Amendment | $3,200,000 | 56 | SEC.gov ↗ |
| Jul 3, 2025 | First notice | $3,200,000 | 56 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Jul 3, 2025. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about Pi Lbp III, LLC
What is the minimum investment for Pi Lbp III, LLC?
According to its latest Form D, filed Jul 7, 2025, the minimum investment Pi Lbp III, LLC accepts from an outside investor is $10,000.
Who can invest in Pi Lbp III, LLC?
Pi Lbp III, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Pi Lbp III, LLC raised?
Pi Lbp III, LLC reports $3,200,000 sold from 56 investors on its Form D filed Jul 7, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Pi Lbp III, LLC based?
Pi Lbp III, LLC is based in Overland Park, Kansas.
When did Pi Lbp III, LLC launch?
Pi Lbp III, LLC reports its first sale in Jun 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 78% of the 63 real estate funds based in Kansas, and more than 56% of all 7,351 that report sales.