Dref III 2022 LP
Real Estate FundFund ID 805-6357457496Delaware, United States
Gross assets
$287M
Min. investment
$5M
Beneficial owners
45
Size rank
Top 26%
Audited
Yes
Structure
Standalone
About this fund
Dref III 2022 LP is a real estate fund managed by Dune Real Estate Partners LP. The fund reports $287 million in gross assets, placing it among the top 26% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-6357457496 |
| Fund type | Real Estate Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Dune Real Estate Fund IV LP | Real Estate | $588.3M |
| Dref IV International Feeder II LP | Real Estate | $210.9M |
| Dref IV Four106 CIV LP | Real Estate | $169.6M |
See all 21 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Dref III 2022 LP?
Dref III 2022 LP reports $287 million in gross assets, among the top 26% of private funds by size.
What is the minimum investment for Dref III 2022 LP?
The stated minimum investment is $5 million.
Who manages Dref III 2022 LP?
Dref III 2022 LP is managed by Dune Real Estate Partners LP.
Does Dref III 2022 LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
D
New York, NY
Reported gross assets
$287M▼ 25%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 26%
Larger than 74% of 67,041 private funds
Gross assets vs Real Estate FundsTop 18%
Larger than 82% of 5,814 real estate funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum
Investor base
Adviser & related persons1%
Funds of funds66%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.