0001926970-22-000001.txt : 20220526 0001926970-22-000001.hdr.sgml : 20220526 20220526094422 ACCESSION NUMBER: 0001926970-22-000001 CONFORMED SUBMISSION TYPE: D PUBLIC DOCUMENT COUNT: 1 ITEM INFORMATION: 06b FILED AS OF DATE: 20220526 DATE AS OF CHANGE: 20220526 EFFECTIVENESS DATE: 20220526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREP Net Lease Income Fund III, Inc. CENTRAL INDEX KEY: 0001926970 IRS NUMBER: 881707620 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: D SEC ACT: 1933 Act SEC FILE NUMBER: 021-447064 FILM NUMBER: 22965942 BUSINESS ADDRESS: STREET 1: 2750 RASMUSSEN ROAD STREET 2: SUITE 202 CITY: PARK CITY STATE: UT ZIP: 84098 BUSINESS PHONE: 8336967737 MAIL ADDRESS: STREET 1: 2750 RASMUSSEN ROAD STREET 2: SUITE 202 CITY: PARK CITY STATE: UT ZIP: 84098 D 1 primary_doc.xml X0708 D LIVE 0001926970 PREP Net Lease Income Fund III, Inc. 2750 RASMUSSEN ROAD SUITE 202 PARK CITY UT UTAH 84098 8336967737 MARYLAND None None Corporation true 2022 Michael C. Phillips 2750 Rasmussen Road Suite 202 Park City UT UTAH 84098 Executive Officer Director Promoter Chief Executive Officer (of the Sponsor and the Issuer), Chairman of the Board, President, Director Sara J. Brennan 2750 Rasmussen Road Suite 202 Park City UT UTAH 84098 Executive Officer Director Chief Operating Officer (of the Sponsor and the Issuer), President of the Sponsor, Treasurer, Secretary, Director PREP Property Group LLC 2750 Ramussen Road Suite 202 Park City UT UTAH 84098 Executive Officer Promoter Sponsor of the Issuer and owner of the Advisor PREP NLI Advisor LLC 2750 Ramussen Road Suite 202 Park City UT UTAH 84098 Executive Officer Advisor to the Issuer Gregory L. Clark 2750 Ramussen Road Suite 202 Park City UT UTAH 84098 Director Independent Director Other Real Estate Decline to Disclose 06b false true true true true Common stock false 50000 PREP Securities, LLC 188522 None None 2750 Rasmussen Road Suite 202 Park City UT UTAH 84098 All States false 200000000 0 200000000 false 0 11432500 true 0 Selling commissions of $8,070,000 + Dealer-Manager fees of $3,362,500 7276938 true The Advisor receives organization and offering expenses of $2,000,000 + Acquisition fee of $2,798,513 + Acquisition expenses of $2,478,425 false PREP Net Lease Income Fund III, Inc. Sara J. Brennan Sara J. Brennan Chief Operating Officer 2022-05-25