Blue Heron Real Estate Opportunity Fund V, LP
Raised
$64M
Investors
40
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
Blue Heron Real Estate Opportunity Fund V, LP is a Delaware-domiciled pooled investment fund that filed a Form D on 2026-11-06 reporting $63.9M raised from 40 investors under Rule 506(b) combined with a 3(c) investment company exclusion. The fund is managed by Blue Heron Asset Management, LLC, with Maurice Malfatti, Matthew Hobbs, and Deborah Jones listed as executive officers; no first sale date, minimum investment, or industry group is disclosed on the filing, and it does not yet appear linked to a known platform.
This is a mid-sized real estate-focused pooled investment vehicle within the alternative investment category, using the common 506(b)/3(c) exemption pairing typical of privately offered real estate funds. The filing omits the optional minimum investment field, consistent with many institutional fund filings that keep check-size terms in the LPA rather than the public Form D.
Data Flags
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
1
latest Nov 6, 2026
Critical / warning
0 / 0
1 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event New filer · Nov 6, 2026
SEC.govFund family Part of the Blue Heron Real Estate Opportunity Fund family: 4 vehicles across 4 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 filing event with values and deltas, latest 2026-11-06, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
n/a Blue Heron Fund V GP, LLC
Director · Raleigh, NC
n/a Blue Heron Asset Management, LLC
Executive Officer · Raleigh, NC
Maurice Malfatti
Executive Officer · Raleigh, NC
Matthew Hobbs
Executive Officer · Raleigh, NC
Deborah Jones
Executive Officer · Raleigh, NC
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.
Pickwick Capital Partners, LLCCRD 130672 on BrokerCheck
Associated broker-dealer: Karen Lynne Powell (CRD 6622862) · New York, NY
Questions About Blue Heron Real Estate Opportunity Fund V, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Blue Heron Real Estate Opportunity Fund V, LP?
Blue Heron Real Estate Opportunity Fund V, LP is a Delaware limited partnership organized in 2026 that filed a Form D with the SEC on November 6, 2026 as a other investment fund. The filing claims Rule 506(b), Section 3(c), 3C.5 for an offering of pooled investment fund interests.
Is Blue Heron Real Estate Opportunity Fund V, LP legit?
AltStreet does not rate legitimacy; it reports the public record. Blue Heron Real Estate Opportunity Fund V, LP filed a Form D with the SEC on November 6, 2026 claiming Rule 506(b), Section 3(c), 3C.5. A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $63,850,000 sold to 40 investors. 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 Blue Heron Real Estate Opportunity Fund V, LP 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 Blue Heron Real Estate Opportunity Fund V, LP claimed Rule 506(b), Section 3(c), 3C.5 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 Blue Heron Real Estate Opportunity Fund V, LP raised?
Blue Heron Real Estate Opportunity Fund V, LP reported $63,850,000 sold from 40 investors of a $250,000,000 total offering as of the Form D filed November 6, 2026.
Who can invest in Blue Heron Real Estate Opportunity Fund V, LP?
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 filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Blue Heron Real Estate Opportunity Fund V, LP?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Blue Heron Real Estate Opportunity Fund V, LP and how are they paid?
The Form D names Pickwick Capital Partners, LLC (CRD 130672), associated with Karen Lynne Powell as the recipient of sales compensation. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Blue Heron Real Estate Opportunity Fund V, LP?
The Form D lists 5 related persons: Blue Heron Fund V GP, LLC, director (Issuer's General Partner); Blue Heron Asset Management, LLC, executive officer (Investment Manager of Issuer); Maurice Malfatti, executive officer (Manager of the General Partner and CEO and President of the Investment Manager of the Issuer); Matthew Hobbs, executive officer (Director of the Issuer's Investment Manager); Deborah Jones, executive officer (Chief Financial Officer of the Issuer's Investment Manager). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Blue Heron Real Estate Opportunity Fund V, LP located?
The issuer's address on its SEC filings is 1111 Haynes Street, Suite 203, Raleigh, NC 27604. Its phone number of record is 919-489-8656. It is organized under the laws of Delaware.
How long is the Blue Heron Real Estate Opportunity Fund V, LP offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.
How large is Blue Heron Real Estate Opportunity Fund V, LP?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
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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.