SEC Comment Letter 0000000000-23-010457 to Fundrise Growth eREIT III, LLC (CIK 0001758744)
Fundrise Growth eREIT III, LLC (CIK 0001758744)
Date: Sept. 21, 2023 · CIK: 0001758744 · Accession: 0000000000-23-010457
AI Filing Summary & Sentiment
File numbers found in text: 024-12267
Letter
United States securities and exchange commission logo September 21, 2023 Benjamin S. Miller Chief Executive Officer Fundrise Growth eREIT III, LLC 11 Dupont Circle NW 9th Floor Washington, D.C. 20036 Re:Fundrise Growth eREIT III, LLC Amendment No. 1 to Offering Statement on Form 1-A Response dated September 1, 2023 File No. 024-12267 Dear Benjamin S. Miller: We have reviewed your amended offering statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 4, 2023 letter. Amendment No.1 to Offering Statement on Form 1-A filed on July 18, 2023 Our Investments, page 83 1.Please tell us how you determined that it was appropriate to account for your 51% non- controlling member interest in SW4 JV LP under the equity method and cite relevant accounting literature. General 2.Please note that we have referred your response to prior comment 2 to the Division of Investment Management and may have further comments.
FirstName LastNameBenjamin S. Miller Comapany NameFundrise Growth eREIT III, LLC September 21, 2023 Page 2 FirstName LastName Benjamin S. Miller Fundrise Growth eREIT III, LLC September 21, 2023 Page 2 You may contact Frank Knapp at 202-551-3805 or Shannon Menjivar at 202-551-3856 if you have questions regarding comments on the financial statements and related matters. Please contact Isabel Rivera at 202-551-3518 or Jeffrey Gabor at 202-551-2544 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Mark Schonberger
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United States securities and exchange commission logo
September 21, 2023
Benjamin S. Miller
Chief Executive Officer
Fundrise Growth eREIT III, LLC
11 Dupont Circle NW
9th Floor
Washington, D.C. 20036
Re:Fundrise Growth eREIT III, LLC
Amendment No. 1 to Offering Statement on Form 1-A
Response dated September 1, 2023
File No. 024-12267
Dear Benjamin S. Miller:
We have reviewed your amended offering statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our August 4, 2023 letter.
Amendment No.1 to Offering Statement on Form 1-A filed on July 18, 2023
Our Investments, page 83
1.Please tell us how you determined that it was appropriate to account for your 51% non-
controlling member interest in SW4 JV LP under the equity method and cite relevant
accounting literature.
General
2.Please note that we have referred your response to prior comment 2 to the Division of
Investment Management and may have further comments.
FirstName LastNameBenjamin S. Miller
Comapany NameFundrise Growth eREIT III, LLC
September 21, 2023 Page 2
FirstName LastName
Benjamin S. Miller
Fundrise Growth eREIT III, LLC
September 21, 2023
Page 2
You may contact Frank Knapp at 202-551-3805 or Shannon Menjivar at 202-551-3856 if
you have questions regarding comments on the financial statements and related matters. Please
contact Isabel Rivera at 202-551-3518 or Jeffrey Gabor at 202-551-2544 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Mark Schonberger