
(Please note that UDF III is closed to new subscriptions.)
Our investment approach for UDF III is based on an established business model, extensive real estate finance experience and strategic, long-standing relationships in the housing industry. Our flexible financing structure enables us to respond quickly in an industry with significant capital needs and limited resources to meet those needs.
Offering Highlights
Our investment strategy is based on financing the acquisition and development of land for median-priced residential housing.
Land acquisition is the critical first step in the launching of any neighborhood development. While most traditional real estate investments focus on the end product, UDF III takes advantage of the opportunity to offer solutions to homebuilders and developers long before the sale of the individual home lots.
Through extensive market research and analysis, UDF III will target markets with strong local economies and sustainable growth. In many cases, the single family lot developments we plan to finance will have been pre-sold to national homebuilders. We believe this investment strategy will deliver risk-adjusted returns.

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Risk Factors
There can be no assurance the investment objectives described herein will be achieved. An investment is subject to substantial risks. These risks include absence of a public market for these securities, lack of an operating history, absence of loans identified for acquisition, limited transferability and lack of liquidity, possibility of substantial delay before distributions are made, reliance on the fund’s general partner, payment of significant fees to the general partner and its affiliates, potential conflicts of interest, and lack of diversification in mortgage loans until significant funds have been raised.