ExchangeRight Net-Leased Preferred Equity Fund 3, LLC
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
Pre-open
Investors
308
Min Invest
$50,000
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What this filing shows
·Every sentence is a value as filed on SEC Form D
ExchangeRight Net-Leased Preferred Equity Fund 3, LLC is a Delaware limited liability company organized in 2016 that first filed a Form D on July 26, 2016 and most recently amended it on September 26, 2018 in the Commercial industry group. The offering claims Rule 506(b) and covers equity. ExchangeRight Net-Leased Preferred Equity Fund 3, LLC reported no amount sold as of the Form D filed September 26, 2018. The total offering amount is $50,000,000. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000. The Form D names Lighthouse Capital Group, LLC (CRD 169135), associated with Joshua Ungerecht; Emerson Equity (CRD 130032), associated with Kevin Hickam; Emerson Equity (CRD 130032), associated with Forrest James; Capulent LLC (CRD 155155), associated with Edward E. Fernandez and 4 others as recipients of sales compensation soliciting in all states. Sales commissions are reported as $750,000 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 1055 E. Colorado Blvd., Suite 310, Pasadena, CA 91106.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing September 26, 2018
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
Fund family Part of the ExchangeRight Net Leased Preferred Equity Fund family: 5 vehicles across 5 generations · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Warren Thomas
Executive Officer · Pasadena, CA
David Fisher
Executive Officer · Pasadena, CA
Joshua Ungerecht
Executive Officer · Pasadena, CA
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Lighthouse Capital Group, LLCCRD 169135 on BrokerCheck
Associated broker-dealer: Joshua Ungerecht (CRD 5183573) · Pasadena, CA · Soliciting in all states
Emerson EquityCRD 130032 on BrokerCheck
Associated broker-dealer: Kevin Hickam (CRD 2010982) · San Mateo, CA · Soliciting in all states
Emerson EquityCRD 130032 on BrokerCheck
Associated broker-dealer: Forrest James (CRD 1263114) · San Mateo, CA · Soliciting in all states
Capulent LLCCRD 155155 on BrokerCheck
Associated broker-dealer: Edward E. Fernandez (CRD 2956661) · Phoenix, AZ · Soliciting in all states
Center Street SecuritiesCRD 26898 on BrokerCheck
Associated broker-dealer: Jim Van Meter (CRD 4557517) · Nashville, TN · Soliciting in all states
Investment Security CorporationCRD 47536 on BrokerCheck
Associated broker-dealer: John Butler (CRD 1951436) · Calabasas, CA · Soliciting in AZ, CA, FL, IL, MA, MS, TX, UT, WY
McDermott Investment Services, LLCCRD 154926 on BrokerCheck
Associated broker-dealer: Deb Schleining (CRD 2768752) · Bethleham, PA · Soliciting in all states
Sandlapper Securities LLCCRD 137906 on BrokerCheck
Associated broker-dealer: Scott Offerman (CRD 4619093) · Greenville, SC · Soliciting in all states
Questions About ExchangeRight Net-Leased Preferred Equity Fund 3, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is ExchangeRight Net-Leased Preferred Equity Fund 3, LLC?
ExchangeRight Net-Leased Preferred Equity Fund 3, LLC is a Delaware limited liability company organized in 2016 that filed a Form D with the SEC on September 26, 2018 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.
Is ExchangeRight Net-Leased Preferred Equity Fund 3, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. ExchangeRight Net-Leased Preferred Equity Fund 3, LLC filed a Form D with the SEC on September 26, 2018 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is ExchangeRight Net-Leased Preferred Equity Fund 3, LLC registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that ExchangeRight Net-Leased Preferred Equity Fund 3, LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has ExchangeRight Net-Leased Preferred Equity Fund 3, LLC raised?
ExchangeRight Net-Leased Preferred Equity Fund 3, LLC reported no amount sold as of the Form D filed September 26, 2018. The total offering amount is $50,000,000.
Who can invest in ExchangeRight Net-Leased Preferred Equity Fund 3, LLC?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.
What is the minimum investment in ExchangeRight Net-Leased Preferred Equity Fund 3, LLC?
The Form D lists $50,000 as the minimum investment accepted from any outside investor as of September 26, 2018. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling ExchangeRight Net-Leased Preferred Equity Fund 3, LLC and how are they paid?
The Form D names Lighthouse Capital Group, LLC (CRD 169135), associated with Joshua Ungerecht; Emerson Equity (CRD 130032), associated with Kevin Hickam; Emerson Equity (CRD 130032), associated with Forrest James; Capulent LLC (CRD 155155), associated with Edward E. Fernandez and 4 others as recipients of sales compensation soliciting in all states. Sales commissions are reported as $750,000 and finders' fees as $0. Form D allows these to be estimates.
Who is behind ExchangeRight Net-Leased Preferred Equity Fund 3, LLC?
The Form D lists 3 related persons: Warren Thomas, executive officer; David Fisher, executive officer; Joshua Ungerecht, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is ExchangeRight Net-Leased Preferred Equity Fund 3, LLC located?
The issuer's address on its SEC filings is 1055 E. Colorado Blvd., Suite 310, Pasadena, CA 91106. Its phone number of record is 8553174448. It is organized under the laws of Delaware.
How long is the ExchangeRight Net-Leased Preferred Equity Fund 3, LLC offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
What is ExchangeRight Net-Leased Preferred Equity Fund 3, LLC's revenue?
The Form D reports a revenue range of $1,000,001 - $5,000,000.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.