SOUTHWEST VALUE PARTNERS FUND 25 LP

Other real estate
Rule 506(b)
San Diego, California
Filed Nov 6, 2026

Raising: Indefinite; No set size
Sold so far: $205,236,962
Investors: 176
Average check: $1,166,119; Sold ÷ investors
Minimum: $10,000
Sales commissions: $0; Issuer's estimate

In plain English

SOUTHWEST VALUE PARTNERS FUND 25 LP, a real estate business based in San Diego, California, filed a Form D with the SEC on Nov 6, 2026 for an offering with no set size. It reports about $205 million raised from 176 investors. That works out to roughly $1,166,000 per investor. The smallest investment it accepts from an outside investor is $10,000.

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 566 real estate offerings filed Oct 8 – Nov 6, 2026.

This offeringMedian

Raise sizeIndefinite vs $7M median

No set size, so it can't be ranked against the 434 offerings that set one.

How much is sold$205M sold

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

Minimum investment$10,000 vs $50,000 median

Lower than 87% of the 405 offerings that stated a minimum.

Where the sponsor is based

The California housing market

Typical home value $762KChange, 12 months 0.7%San Diego metro $927K

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

See California market data

Filing details

File number: 021-603851
Latest filing: Form D, Nov 6, 2026
Accession number: 0002163737-26-000001
Entity type: Limited Partnership
Industry group: Other Real Estate
Principal place of business: San Diego, California
Exemption claimed: Rule 506(b)
First sale: Oct 27, 2026

Timeline

First sale
Oct 27, 2026
Form D filed with the SEC
Nov 6, 2026
$205M sold
As reported Nov 6, 2026

Other recent filings from California

All fund filings

This page summarizes a notice SOUTHWEST VALUE PARTNERS FUND 25 LP filed with the SEC. Fidelis First is not affiliated with SOUTHWEST VALUE PARTNERS FUND 25 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 Nov 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 Nov 6, 2026

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