Form D Raw Data - Electronic Filing Depository

EFDID: 253722EFD: Raw Data

Issuer: National Multifamily Portfolio III DST (0001726600) - D/A

Accession: 0001717288-18-000007 () (EDGAR Files) (Form D)

Edgar Posted: Feb. 14, 2018
EFD Posted: Feb. 14, 2018

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001726600 </ cik >

< entityName > National Multifamily Portfolio III DST </ entityName >

- < issuerAddress >

< street1 > C/- INLAND PRIVATE CAPITAL CORPORATION </ street1 >

< street2 > 2901 BUTTERFIELD ROAD </ street2 >

< city > OAK BROOK </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 35227118000 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Business Trust </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2017 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > Inland Private Capital Corporation </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 2901 Butterfield Road </ street1 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Sponsor of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > National Multifamily Portfolio III Exchange, L.L.C </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > c/o Inland Private Capital Corporation </ street1 >

< street2 > 2901 Butterfield Road </ street2 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Signatory Trustee of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > N/A </ firstName >

< lastName > National Multifamily Portfolio III, L.L.C </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > c/o Inland Private Capital Corporation </ street1 >

< street2 > 2901 Butterfield Road </ street2 >

< city > Oak Brook </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60523 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Depositor of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other Real Estate </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001717288-18-000003 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2017-12-19 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 25000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Robert Smith </ recipientName >

< recipientCRDNumber > 1412333 </ recipientCRDNumber >

< associatedBDName > Concorde Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 151604 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19500 VICTOR PARKWAY </ street1 >

< street2 > SUITE 550 </ street2 >

< city > Livonia </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48152 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OR </ state >

< description > OREGON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Craig Sickler </ recipientName >

< recipientCRDNumber > 4222992 </ recipientCRDNumber >

< associatedBDName > 1st Global Capital Corporation </ associatedBDName >

< associatedBDCRDNumber > 30349 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12750 MERIT DRIVE </ street1 >

< street2 > SUITE 1200 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75251 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Tim Clairmont </ recipientName >

< recipientCRDNumber > 2847591 </ recipientCRDNumber >

< associatedBDName > Lion Street Financial, LLC </ associatedBDName >

< associatedBDCRDNumber > 165828 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 515 CONGRESS AVE </ street1 >

< street2 > SUITE 2500 </ street2 >

< city > Austin </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78701 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OR </ state >

< description > OREGON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Chay Lapin </ recipientName >

< recipientCRDNumber > 6275140 </ recipientCRDNumber >

< associatedBDName > WealthForge Securities LLC </ associatedBDName >

< associatedBDCRDNumber > 152550 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6800 PARAGON PLACE </ street1 >

< street2 > SUITE 200 </ street2 >

< city > Richmond </ city >

< stateOrCountry > VA </ stateOrCountry >

< stateOrCountryDescription > VIRGINIA </ stateOrCountryDescription >

< zipCode > 23230 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David Dahill </ recipientName >

< recipientCRDNumber > 6581024 </ recipientCRDNumber >

< associatedBDName > WealthForge Securities LLC </ associatedBDName >

< associatedBDCRDNumber > 152550 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6800 PARAGON PLACE </ street1 >

< street2 > SUITE 200 </ street2 >

< city > Richmond </ city >

< stateOrCountry > VA </ stateOrCountry >

< stateOrCountryDescription > VIRGINIA </ stateOrCountryDescription >

< zipCode > 23230 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > John Harvey </ recipientName >

< recipientCRDNumber > 4227692 </ recipientCRDNumber >

< associatedBDName > Sandlapper Securities, LLC </ associatedBDName >

< associatedBDCRDNumber > 137906 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > SANDLAPPER FINANCIAL CENTER </ street1 >

< street2 > 800 E. NORTH STREET, 2ND FLOOR </ street2 >

< city > GREENVILLE </ city >

< stateOrCountry > SC </ stateOrCountry >

< stateOrCountryDescription > SOUTH CAROLINA </ stateOrCountryDescription >

< zipCode > 29601 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Christina Nielson </ recipientName >

< recipientCRDNumber > 4866971 </ recipientCRDNumber >

< associatedBDName > Primex Prime Electronic Execution Inc </ associatedBDName >

< associatedBDCRDNumber > 29394 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 54 WEST 21ST STREET </ street1 >

< street2 > 12TH FLOOR </ street2 >

< city > NEW YORK </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10010 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Karl Norman </ recipientName >

< recipientCRDNumber > 349146 </ recipientCRDNumber >

< associatedBDName > Polar Investment Counsel, Inc. </ associatedBDName >

< associatedBDCRDNumber > 42847 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19547 210TH AV NE </ street1 >

< city > THIEF RIVER FALLS </ city >

< stateOrCountry > MN </ stateOrCountry >

< stateOrCountryDescription > MINNESOTA </ stateOrCountryDescription >

< zipCode > 56701 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MN </ state >

< description > MINNESOTA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Steven Kolinsky </ recipientName >

< recipientCRDNumber > 1090913 </ recipientCRDNumber >

< associatedBDName > American Portfolios Financial Svcs </ associatedBDName >

< associatedBDCRDNumber > 18487 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4250 VETERANS MEMORIAL HIGHWAY </ street1 >

< street2 > 4TH FLOOR EAST </ street2 >

< city > HOLBROOK </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11741 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Mike Bendix </ recipientName >

< recipientCRDNumber > 5379777 </ recipientCRDNumber >

< associatedBDName > DFPG Investments, Inc. </ associatedBDName >

< associatedBDCRDNumber > 155576 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S RIVERSIDE DRIVE </ street1 >

< street2 > SUITE 210 </ street2 >

< city > SANDY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jack Creighton </ recipientName >

< recipientCRDNumber > 1495897 </ recipientCRDNumber >

< associatedBDName > Concorde Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 151604 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19500 VICTOR PARKWAY </ street1 >

< street2 > SUITE 550 </ street2 >

< city > LIVONIA </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48152 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Scott Sheehan </ recipientName >

< recipientCRDNumber > 2328614 </ recipientCRDNumber >

< associatedBDName > DFPG Investments, Inc. </ associatedBDName >

< associatedBDCRDNumber > 155576 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S RIVERSIDE DRIVE </ street1 >

< street2 > SUITE 210 </ street2 >

< city > SANDY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MD </ state >

< description > MARYLAND </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Leon Rousso </ recipientName >

< recipientCRDNumber > 1012746 </ recipientCRDNumber >

< associatedBDName > Centaurus Financial, Inc. </ associatedBDName >

< associatedBDCRDNumber > 30833 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2300 E. KATELLA AVENUE </ street1 >

< street2 > SUITE #200 </ street2 >

< city > ANAHEIM </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92806 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Gary Conley </ recipientName >

< recipientCRDNumber > 52159 </ recipientCRDNumber >

< associatedBDName > American Investors Co Lsy Dba </ associatedBDName >

< associatedBDCRDNumber > 38 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2440 CAMINO RAMON, SUITE 103 </ street1 >

< city > SAN RAMON </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94583 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OR </ state >

< description > OREGON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > John Chess </ recipientName >

< recipientCRDNumber > 4812430 </ recipientCRDNumber >

< associatedBDName > Investacorp, Inc. </ associatedBDName >

< associatedBDCRDNumber > 7684 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4400 BISCAYNE BLVD </ street1 >

< street2 > 11TH FLOOR </ street2 >

< city > MIAMI </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33137 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > FL </ state >

< description > FLORIDA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Aaron Brodt </ recipientName >

< recipientCRDNumber > 5017914 </ recipientCRDNumber >

< associatedBDName > Peachtree Capital Corporation </ associatedBDName >

< associatedBDCRDNumber > 25590 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 550 PHARR RD, </ street1 >

< street2 > SUITE 700 </ street2 >

< city > ATLANTA </ city >

< stateOrCountry > GA </ stateOrCountry >

< stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >

< zipCode > 30305 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Stacey Morimoto </ recipientName >

< recipientCRDNumber > 4420782 </ recipientCRDNumber >

< associatedBDName > DFPG Investments, Inc. </ associatedBDName >

< associatedBDCRDNumber > 155576 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S RIVERSIDE DRIVE </ street1 >

< street2 > SUITE 210 </ street2 >

< city > SANDY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Gary Hughes </ recipientName >

< recipientCRDNumber > 1700976 </ recipientCRDNumber >

< associatedBDName > Concorde Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 151604 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19500 VICTOR PARKWAY </ street1 >

< street2 > SUITE 550 </ street2 >

< city > LIVONIA </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 48152 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michael Marshel </ recipientName >

< recipientCRDNumber > 2442018 </ recipientCRDNumber >

< associatedBDName > Centaurus Financial, Inc. </ associatedBDName >

< associatedBDCRDNumber > 30833 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2300 E. KATELLA AVENUE </ street1 >

< street2 > SUITE #200 </ street2 >

< city > ANAHEIM </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92806 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Nancy Jauregui </ recipientName >

< recipientCRDNumber > 4237634 </ recipientCRDNumber >

< associatedBDName > Cambridge Investment Research </ associatedBDName >

< associatedBDCRDNumber > 39543 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1776 PLEASANT PLAIN RD </ street1 >

< city > Fairfield </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 52556-8757 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Paul Cese </ recipientName >

< recipientCRDNumber > 4558359 </ recipientCRDNumber >

< associatedBDName > Concorde Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 151604 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19500 VICTOR PARKWAY </ street1 >

< street2 > SUITE 550 </ street2 >

< city > LIVONIA </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48152 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Silver Portal Capital LLC </ recipientName >

< recipientCRDNumber > 170463 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12265 El Camino Real </ street1 >

< street2 > Suite 230 </ street2 >

< city > San Diego </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92130 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joral Schmalle </ recipientName >

< recipientCRDNumber > 4491484 </ recipientCRDNumber >

< associatedBDName > Sigma Financial Corporation </ associatedBDName >

< associatedBDCRDNumber > 14303 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 300 PARKLAND PLAZA </ street1 >

< city > ANN ARBOR </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48103-9508 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David Walsh </ recipientName >

< recipientCRDNumber > 1855452 </ recipientCRDNumber >

< associatedBDName > American Portfolios Financial Svcs </ associatedBDName >

< associatedBDCRDNumber > 18487 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4250 VETERANS MEMORIAL HIGHWAY </ street1 >

< street2 > 4TH FLOOR EAST </ street2 >

< city > HOLBROOK </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 11741 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joseph Broadbent </ recipientName >

< recipientCRDNumber > 3132498 </ recipientCRDNumber >

< associatedBDName > DFPG Investments, Inc. </ associatedBDName >

< associatedBDCRDNumber > 155576 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S RIVERSIDE DRIVE </ street1 >

< street2 > SUITE 210 </ street2 >

< city > SANDY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jennifer Wildman </ recipientName >

< recipientCRDNumber > 4973672 </ recipientCRDNumber >

< associatedBDName > 1st Global Capital Corporation </ associatedBDName >

< associatedBDCRDNumber > 30349 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12750 MERIT DRIVE </ street1 >

< street2 > SUITE 1200 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75251 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David Halpern </ recipientName >

< recipientCRDNumber > 4203076 </ recipientCRDNumber >

< associatedBDName > Cambridge Investment Research </ associatedBDName >

< associatedBDCRDNumber > 39543 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1776 PLEASANT PLAIN RD </ street1 >

< city > Fairfield </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 52556-8757 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Eric Bicknese </ recipientName >

< recipientCRDNumber > 2829451 </ recipientCRDNumber >

< associatedBDName > Nationwide Planning Associates, Inc </ associatedBDName >

< associatedBDCRDNumber > 31029 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 115 WEST CENTURY ROAD </ street1 >

< street2 > SUITE 360 </ street2 >

< city > PARAMUS </ city >

< stateOrCountry > NJ </ stateOrCountry >

< stateOrCountryDescription > NEW JERSEY </ stateOrCountryDescription >

< zipCode > 07652 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > ames Raine </ recipientName >

< recipientCRDNumber > 2360466 </ recipientCRDNumber >

< associatedBDName > Questar Capital Corp. </ associatedBDName >

< associatedBDCRDNumber > 43100 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5701 GOLDEN HILLS DRIVE </ street1 >

< city > MINNEAPOLIS </ city >

< stateOrCountry > MN </ stateOrCountry >

< stateOrCountryDescription > MINNESOTA </ stateOrCountryDescription >

< zipCode > 55416 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CO </ state >

< description > COLORADO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David Levinson </ recipientName >

< recipientCRDNumber > 705929 </ recipientCRDNumber >

< associatedBDName > Westpark Capital Inc </ associatedBDName >

< associatedBDCRDNumber > 39914 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1900 AVENUE OF THE STARS </ street1 >

< street2 > SUITE 310 </ street2 >

< city > LOS ANGELES </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 90067 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Larry Queen </ recipientName >

< recipientCRDNumber > 851743 </ recipientCRDNumber >

< associatedBDName > Cambridge Investment Research </ associatedBDName >

< associatedBDCRDNumber > 39543 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1776 PLEASANT PLAIN RD </ street1 >

< city > Fairfield </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 52556-8757 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OH </ state >

< description > OHIO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michael Markey </ recipientName >

< recipientCRDNumber > 320042 </ recipientCRDNumber >

< associatedBDName > American Investors Co Lsy Dba </ associatedBDName >

< associatedBDCRDNumber > 38 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2440 CAMINO RAMON, SUITE 103 </ street1 >

< city > SAN RAMON </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94583 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David Toetz </ recipientName >

< recipientCRDNumber > 1379388 </ recipientCRDNumber >

< associatedBDName > Independence Capital Corporation, Inc </ associatedBDName >

< associatedBDCRDNumber > 24723 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5579 PEARL ROAD, SUITE 100 </ street1 >

< city > PARMA </ city >

< stateOrCountry > OH </ stateOrCountry >

< stateOrCountryDescription > OHIO </ stateOrCountryDescription >

< zipCode > 44129 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OH </ state >

< description > OHIO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > James Walesa </ recipientName >

< recipientCRDNumber > 1061209 </ recipientCRDNumber >

< associatedBDName > Triad Advisors, Inc. </ associatedBDName >

< associatedBDCRDNumber > 25803 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5155 PEACHTREE PARKWAY </ street1 >

< street2 > SUITE 3220 </ street2 >

< city > NORCROSS </ city >

< stateOrCountry > GA </ stateOrCountry >

< stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >

< zipCode > 30092 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Bryan Hakola </ recipientName >

< recipientCRDNumber > 4161289 </ recipientCRDNumber >

< associatedBDName > oncorde Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 151604 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 19500 VICTOR PARKWAY </ street1 >

< street2 > SUITE 550 </ street2 >

< city > LIVONIA </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48152 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Paul Getty </ recipientName >

< recipientCRDNumber > 6470002 </ recipientCRDNumber >

< associatedBDName > Lightpath Capital Inc. </ associatedBDName >

< associatedBDCRDNumber > 34617 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1453 THIRD STREET PROMENADE </ street1 >

< street2 > SUTIE 315 </ street2 >

< city > LOS ANGELES </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 90401 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Kathleen Williams-Price </ recipientName >

< recipientCRDNumber > 2450125 </ recipientCRDNumber >

< associatedBDName > Lowell & Co, Inc. </ associatedBDName >

< associatedBDCRDNumber > 24913 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4021 84TH ST </ street1 >

< street2 > SUITE 100 </ street2 >

< city > LUBBOCK </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 79423 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > OK </ state >

< description > OKLAHOMA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Steven Lichtblau </ recipientName >

< recipientCRDNumber > 1384239 </ recipientCRDNumber >

< associatedBDName > Triad Advisors, Inc. </ associatedBDName >

< associatedBDCRDNumber > 25803 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5155 PEACHTREE PARKWAY </ street1 >

< street2 > SUITE 3220 </ street2 >

< city > NORCROSS </ city >

< stateOrCountry > GA </ stateOrCountry >

< stateOrCountryDescription > GEORGIA </ stateOrCountryDescription >

< zipCode > 30092 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Stacey Morimoto </ recipientName >

< recipientCRDNumber > 4420782 </ recipientCRDNumber >

< associatedBDName > DFPG Investments, Inc </ associatedBDName >

< associatedBDCRDNumber > 155576 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 9017 S RIVERSIDE DRIVE </ street1 >

< street2 > SUITE 210 </ street2 >

< city > SANDY </ city >

< stateOrCountry > UT </ stateOrCountry >

< stateOrCountryDescription > UTAH </ stateOrCountryDescription >

< zipCode > 84070 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Robert Sick </ recipientName >

< recipientCRDNumber > 2831521 </ recipientCRDNumber >

< associatedBDName > H.D. Vest Investment Securites Inc </ associatedBDName >

< associatedBDCRDNumber > 13686 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6333 NORTH STATE HIGHWAY 161 </ street1 >

< street2 > 4TH FLOOR </ street2 >

< city > Irving </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75038-2200 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > ME </ state >

< description > MAINE </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Brian Vosberg </ recipientName >

< recipientCRDNumber > 4476509 </ recipientCRDNumber >

< associatedBDName > Centaurus Financial, Inc. </ associatedBDName >

< associatedBDCRDNumber > 30833 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2300 E. KATELLA AVENUE </ street1 >

< street2 > SUITE #200 </ street2 >

< city > ANAHEIM </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92806 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Lena-jo Hartley </ recipientName >

< recipientCRDNumber > 2905105 </ recipientCRDNumber >

< associatedBDName > Investacorp, Inc. </ associatedBDName >

< associatedBDCRDNumber > 7684 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 4400 BISCAYNE BLVD </ street1 >

< street2 > 11TH FLOOR </ street2 >

< city > MIAMI </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33137 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > ME </ state >

< description > MAINE </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michael Cullen </ recipientName >

< recipientCRDNumber > 1222982 </ recipientCRDNumber >

< associatedBDName > Sagepoint Financial, Inc. </ associatedBDName >

< associatedBDCRDNumber > 133763 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 20 E THOMAS RD </ street1 >

< street2 > SUITE 2000 </ street2 >

< city > PHOENIX </ city >

< stateOrCountry > AZ </ stateOrCountry >

< stateOrCountryDescription > ARIZONA </ stateOrCountryDescription >

< zipCode > 85012 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joel Knight </ recipientName >

< recipientCRDNumber > 1379212 </ recipientCRDNumber >

< associatedBDName > American Investors Co Lsy Dba </ associatedBDName >

< associatedBDCRDNumber > 38 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2440 CAMINO RAMON, SUITE 103 </ street1 >

< city > SAN RAMON </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94583 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michele Martin </ recipientName >

< recipientCRDNumber > 5653595 </ recipientCRDNumber >

< associatedBDName > Cetera Advisor Networks, LLC </ associatedBDName >

< associatedBDCRDNumber > 13572 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 200 N. SEPULVEDA BLVD. </ street1 >

< street2 > SUITE 1300 </ street2 >

< city > EL SEGUNDO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 90245-5672 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MN </ state >

< description > MINNESOTA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Tae Chung Kim </ recipientName >

< recipientCRDNumber > 5637680 </ recipientCRDNumber >

< associatedBDName > Woodbury Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 421 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7755 3RD STREET NORTH </ street1 >

< city > OAKDALE </ city >

< stateOrCountry > MN </ stateOrCountry >

< stateOrCountryDescription > MINNESOTA </ stateOrCountryDescription >

< zipCode > 55128 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MO </ state >

< description > MISSOURI </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Del Londono </ recipientName >

< recipientCRDNumber > 2695744 </ recipientCRDNumber >

< associatedBDName > Sagepoint Financial, Inc. </ associatedBDName >

< associatedBDCRDNumber > 133763 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 20 E THOMAS RD </ street1 >

< street2 > SUITE 2000 </ street2 >

< city > PHOENIX </ city >

< stateOrCountry > AZ </ stateOrCountry >

< stateOrCountryDescription > ARIZONA </ stateOrCountryDescription >

< zipCode > 85012 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jonathan Twidwell </ recipientName >

< recipientCRDNumber > 5723365 </ recipientCRDNumber >

< associatedBDName > Woodbury Financial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 421 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 7755 3RD STREET NORTH </ street1 >

< city > OAKDALE </ city >

< stateOrCountry > MN </ stateOrCountry >

< stateOrCountryDescription > MINNESOTA </ stateOrCountryDescription >

< zipCode > 55128 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MO </ state >

< description > MISSOURI </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Troy Thomas </ recipientName >

< recipientCRDNumber > 4691720 </ recipientCRDNumber >

< associatedBDName > Mc Dermott Investment Services, LLC </ associatedBDName >

< associatedBDCRDNumber > 154926 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > ONE WEST BROAD STREET </ street1 >

< street2 > 11TH FLOOR </ street2 >

< city > BETHLEHEM </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 18018 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Stephen Swarbrick </ recipientName >

< recipientCRDNumber > 2444058 </ recipientCRDNumber >

< associatedBDName > Questar Capital Corp. </ associatedBDName >

< associatedBDCRDNumber > 43100 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 5701 GOLDEN HILLS DRIVE </ street1 >

< city > MINNEAPOLIS </ city >

< stateOrCountry > MN </ stateOrCountry >

< stateOrCountryDescription > MINNESOTA </ stateOrCountryDescription >

< zipCode > 55416 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 100617339 </ totalOfferingAmount >

< totalAmountSold > 32218785 </ totalAmountSold >

< totalRemaining > 68398554 </ totalRemaining >

< clarificationOfResponse > Regarding Item 11, the Issuer may accept smaller investments in the Sponsor's sole discretion. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 63 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 8954943 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Sales Commissions include estimates of the maximum amount of Selling Commissions, Dealer Fees and Placement Agent Fee that may be paid to one or more Related Persons. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 4696300 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

< clarificationOfResponse > Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs and offering and organizational expenses that may accrue to one or more Related Persons. </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > National Multifamily Portfolio III DST </ issuerName >

< signatureName > /s/ Keith D. Lampi </ signatureName >

< nameOfSigner > Keith D. Lampi </ nameOfSigner >

< signatureTitle > President of Member of Signatory Trustee of the Issuer </ signatureTitle >

< signatureDate > 2018-02-14 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >