Principal Enhanced Property Fund, L.P.

Other fund
Rule 506(c)
Des Moines, Iowa
Amended Oct 23, 2026

Raising: Indefinite; No set size
Sold so far: $4,856,048,307
Investors: 170
Average check: $28,564,990; Sold ÷ investors
Minimum: None stated
Sales commissions: $0; Issuer's estimate

In plain English

Principal Enhanced Property Fund, L.P., a pooled real estate investment fund based in Des Moines, Iowa, filed an amended Form D with the SEC on Oct 23, 2026 for an offering with no set size. It reports about $4.9 billion raised from 170 investors. That works out to roughly $28,565,000 per investor. It didn't state a minimum investment.

It filed under Rule 506(c), which means it can advertise the offering publicly, but only accredited investors can buy in, and the issuer has to check that they qualify.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise sizeIndefinite vs $7.7M median

No set size, so it can't be ranked against the 460 offerings that set one.

How much is sold$4.9B sold

With no set size there's no share sold to compare.

Minimum investmentNone stated vs $50,000 median

167 of the 594 offerings didn't state one either.

Where the sponsor is based

The Iowa housing market

Typical home value $237KChange, 12 months 3.3%Des Moines metro $293K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Iowa market data

Filing details

File number: 021-561931
Latest filing: Form D/A (amendment), Oct 23, 2026
Accession number: 0001293213-26-000001
Entity type: Limited Partnership
Industry group: Pooled Investment Fund
Fund type: Other Investment Fund
Principal place of business: Des Moines, Iowa
Exemption claimed: Rule 506(c)
First sale: May 18, 2004

Timeline

First sale
May 18, 2004
Latest amendment (Form D/A) filed
Oct 23, 2026
$4.9B sold
As reported Oct 23, 2026

Other recent filings from Iowa

All fund filings

This page summarizes a notice Principal Enhanced Property Fund, L.P. filed with the SEC. Fidelis First is not affiliated with Principal Enhanced Property Fund, L.P., has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Oct 23, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Oct 23, 2026

Source: Data Provided by Zillow Group · As of Sep 2026