Blue Heron Real Estate Opportunity Fund V, LP

Other fund
Rule 506(b)
Raleigh, North Carolina
Filed Nov 6, 2026

Raising: $250,000,000
Sold so far: $63,850,000; 26% sold
Investors: 40
Average check: $1,596,250; Sold ÷ investors
Minimum: None stated
Sales commissions: $0; Issuer's estimate

In plain English

Blue Heron Real Estate Opportunity Fund V, LP, a pooled real estate investment fund based in Raleigh, North Carolina, filed a Form D with the SEC on Nov 6, 2026 to raise $250 million. It reports about $63.9 million raised from 40 investors, 26% of its target. That works out to roughly $1,596,000 per investor. It didn't state a minimum investment.

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 577 real estate offerings filed Oct 12 – Nov 10, 2026.

This offeringMedian

Raise size$250M vs $7M median

Larger than 96% of the 453 offerings that set a size.

How much is sold26% sold vs 47% median

Behind 57% of the 453 offerings with a set size.

Minimum investmentNone stated vs $50,000 median

159 of the 577 offerings didn't state one either.

Where the sponsor is based

The North Carolina housing market

Typical home value $332KChange, 12 months 0.2%Raleigh metro $428K

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

See North Carolina market data

Filing details

File number: 021-604004
Latest filing: Form D, Nov 6, 2026
Accession number: 0002163139-26-000001
Entity type: Limited Partnership
Industry group: Pooled Investment Fund
Fund type: Other Investment Fund
Principal place of business: Raleigh, North Carolina
Exemption claimed: Rule 506(b)
First sale: Oct 29, 2026

Timeline

First sale
Oct 29, 2026
Form D filed with the SEC
Nov 6, 2026
$63.9M sold (26% of the target)
As reported Nov 6, 2026

Other recent filings from North Carolina

All fund filings

This page summarizes a notice Blue Heron Real Estate Opportunity Fund V, LP filed with the SEC. Fidelis First is not affiliated with Blue Heron Real Estate Opportunity Fund V, 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