Highlights
- Griffin Capital Development Partners Fund III, L.P. has raised $19 million of a $100 million target as of its June 12 amended Form D.
- The Delaware limited partnership, formed in 2025, recorded its first sale on Nov. 13, 2025, with a $50,000 minimum investment.
- Co-CEOs Kevin Shields and Nick Rosenthal lead the general partner; 100 investors are in, none non-accredited.
- The fund has $81 million remaining to raise under the exempt offering.
Griffin Capital Development Partners Fund III, L.P. has raised $19 million toward a $100 million real estate offering, according to an amended Form D filed June 12 with the SEC. The Delaware limited partnership, organized in 2025 and classified under the industry group Other Real Estate, recorded its first sale on Nov. 13, 2025. The fund carries a $50,000 minimum investment and has 100 investors, none of whom are non-accredited.
The offering's general partner is GCDP III GP, LLC. Kevin Shields and Nick Rosenthal each serve as co-chief executive officer of the general partner. Griffin Capital Company, LLC is listed as sponsor of the issuer. The fund's address of record is Griffin Capital Plaza, 266 Kansas Street, El Segundo, CA 90245.
With $81 million still to raise, the fund remains in active fundraising. The amendment does not disclose the identities of the 100 investors already in, nor does it specify the fund's target assets or investment strategy beyond the Other Real Estate industry classification.
A separate Arizona entity, Griffin Capital Advisors LLC, is registered at 21090 N Pima Rd, Scottsdale, with Paul J. Mershon listed as manager, according to Arizona Corporation Commission records. That entity was established Oct. 31, 2023, and carries active status. The filing does not establish a direct connection between Griffin Capital Advisors LLC and Fund III.
The next Form D amendment, if filed, will update the amount sold and investor count.
Where to find them
- Griffin Capital · griffincapital.com
- Development Partners · communitydevpartners.com
- Griffin Capital Advisors LLC · bizprofile.net · Facebook · X
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- SEC EDGAR retrieved 12/06/2026 21:19
- bizprofile.net retrieved 12/06/2026 21:19
- Griffin Capital (official site) retrieved 12/06/2026 21:19
- Development Partners (official site) retrieved 12/06/2026 21:19
- Griffin Capital Advisors LLC (official site) retrieved 12/06/2026 21:19
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 12/06/2026 21:19. Every claim traces to a source.
