Operose Capital Real Estate II, LP

Other fund
Rule 506(b)
Milwaukee, Wisconsin
Filed Oct 9, 2026

Raising: $70,000,000
Sold so far: $70,000,000; 100% sold
Investors: 99
Average check: $707,071; Sold ÷ investors
Minimum: $250,000
Sales commissions: $0; Issuer's estimate

In plain English

Operose Capital Real Estate II, LP, a pooled real estate investment fund based in Milwaukee, Wisconsin, filed a Form D with the SEC on Oct 9, 2026 to raise $70 million. It reports $70 million raised from 99 investors, which is the full amount. That works out to roughly $707,000 per investor. The smallest investment it accepts from an outside investor is $250,000.

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 584 real estate offerings filed Oct 7 – Nov 5, 2026.

This offeringMedian

Raise size$70M vs $7.5M median

Larger than 89% of the 450 offerings that set a size.

How much is sold100% sold vs 49% median

Further along than 72% of the 450 offerings with a set size.

Minimum investment$250,000 vs $50,000 median

Higher than 84% of the 418 offerings that stated a minimum.

Where the sponsor is based

The Wisconsin housing market

Typical home value $337KChange, 12 months 5.1%Milwaukee metro $384K

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

See Wisconsin market data

Filing details

File number: 021-600698
Latest filing: Form D, Oct 9, 2026
Accession number: 0000892712-26-000369
Entity type: Limited Partnership
Industry group: Pooled Investment Fund
Fund type: Other Investment Fund
Principal place of business: Milwaukee, Wisconsin
Exemption claimed: Rule 506(b)
First sale: Sep 28, 2026

Timeline

First sale
Sep 28, 2026
Form D filed with the SEC
Oct 9, 2026
100% of the offering sold
As reported Oct 9, 2026

Other recent filings from Wisconsin

All fund filings

This page summarizes a notice Operose Capital Real Estate II, LP filed with the SEC. Fidelis First is not affiliated with Operose Capital Real Estate II, 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 9, 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 9, 2026

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