SPA Properties III, LLC is a real estate fund based in Charlotte, North Carolina. According to its most recent Form D, filed May 4, 2026, it has sold $3,526,000 of interests to 27 investors since its first sale in Mar 2026. The minimum investment it accepts from an outside investor is $25,000. 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 Pessina.
- Total raised
- $3,526,000Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Mar 11, 2026
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Paul Pessina
- Latest Form D
- May 4, 2026
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
Questions about SPA Properties III, LLC
What is the minimum investment for SPA Properties III, LLC?
According to its latest Form D, filed May 4, 2026, the minimum investment SPA Properties III, LLC accepts from an outside investor is $25,000.
Who can invest in SPA Properties III, LLC?
SPA Properties 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 SPA Properties III, LLC raised?
SPA Properties III, LLC reports $3,526,000 sold from 27 investors on its Form D filed May 4, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is SPA Properties III, LLC based?
SPA Properties III, LLC is based in Charlotte, North Carolina.
When did SPA Properties III, LLC launch?
SPA Properties III, LLC reports its first sale in Mar 2026, 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 70% of the 294 real estate funds based in North Carolina, and more than 58% of all 7,321 that report sales.