Merus Industrial Fund III LP

Other real estate
Rule 506(b)
Cincinnati, Ohio
Filed Oct 6, 2026

Raising: $250,000,000
Sold so far: $17,950,000; 7% sold
Investors: 13
Average check: $1,380,769; Sold ÷ investors
Minimum: $500,000
Sales commissions: $0; Issuer's estimate

In plain English

Merus Industrial Fund III LP, a real estate business based in Cincinnati, Ohio, filed a Form D with the SEC on Oct 6, 2026 to raise $250 million. It reports about $18 million raised from 13 investors, 7% of its target. That works out to roughly $1,381,000 per investor. The smallest investment it accepts from an outside investor is $500,000.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

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

This offeringMedian

Raise size$250M vs $7.7M median

Larger than 96% of the 460 offerings that set a size.

How much is sold7% sold vs 50% median

Behind 68% of the 460 offerings with a set size.

Minimum investment$500,000 vs $50,000 median

Higher than 89% of the 427 offerings that stated a minimum.

Where the sponsor is based

The Ohio housing market

Typical home value $246KChange, 12 months 3.2%Cincinnati metro $306K

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

See Ohio market data

Filing details

File number: 021-600109
Latest filing: Form D, Oct 6, 2026
Accession number: 0002158481-26-000001
Entity type: Limited Partnership
Industry group: Other Real Estate
Principal place of business: Cincinnati, Ohio
Exemption claimed: Rule 506(b)
First sale: Sep 29, 2026

Timeline

First sale
Sep 29, 2026
Form D filed with the SEC
Oct 6, 2026
$17.9M sold (7% of the target)
As reported Oct 6, 2026

Other recent filings from Ohio

All fund filings

This page summarizes a notice Merus Industrial Fund III LP filed with the SEC. Fidelis First is not affiliated with Merus Industrial Fund III LP, 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 6, 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 6, 2026

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