September 1, 2020Signature Fund III Closed, Raised over $16MM Posted By : Ernst Capital Group/ 0 comments / Under : ECG News Ernst Capital is pleased to announce that fundraising for the Signature Real Estate Income Fund III, LLC has closed. Private investors throughout the US committed $16,100,000 in capital for developments valued at over $68,000,000. In early October, we distributed over $556,000 to Signature Fund III investors, and plan to continue with monthly distributions going forward. Thank you to all who invested in or considered Signature Fund III. Whisper Ridge Signature Fund III Ownership: 100% Whisper Ridge is a new multi-family development in southeast Sioux Falls, SD that will bring 220 new apartment units to the area near 69th Street and Sycamore Avenue. The property will provide a comfortable, social lifestyle at an attractive price point, while being a quick trip away from shopping, entertainment, and employment opportunities. The development will feature two main structures and a clubhouse, featuring three stories of multi-family units and upgraded loft units providing soaring ceiling heights and great views. Waterfall Plaza Signature Fund III Ownership: 100% Waterfall Plaza is a prominent office and retail center located at a highly-trafficked intersection in Sioux Falls, South Dakota. The property is home to local, regional and national tenants including Sanford Health, GreatLIFE, Jimmy John’s, Sanford Profile, Edward Jones, and Tinner’s Public House. The site offers great visibility off 69th Street and Minnesota Avenue, making it easy for customers to access. The property’s namesake is a large stone waterfall feature in the southwest corner of the property, adding an attractive and relaxing feature to the customers’ experience. Creekside Plaza Signature Fund III Ownership: 71% Creekside Plaza is a new office and retail development located at the most prominent intersection in Harrisburg, SD, one of the fastest growing communities in South Dakota, and home to the state’s fastest growing school district. The property will be newly constructed and anchored by Schroeder Family Dental, occupying just over 40% of the property. Willows Edge Signature Fund III Ownership: 100% Willows Edge is a new multi-family development in eastern Sioux Falls, SD, near the intersection of SD Highway 100 and Arrowhead Parkway. A mix of townhome-style apartment units with and without attached garages will be built in the first phase, and three-story apartment buildings will follow in the second phase, offering residents flexibility to choose among diverse floor plans, unit features, and price points.