Form D Raw Data - Electronic Filing Depository

EFDID: 301438EFD: Raw Data

Issuer: NREA Southeast Portfolio Three, DST (0001762806) - D/A

Accession: 0001762806-19-000020 () (EDGAR Files) (Form D)

Edgar Posted: Jun. 19, 2019
EFD Posted: Jun. 19, 2019

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001762806 </ cik >

< entityName > NREA Southeast Portfolio Three, DST </ entityName >

- < issuerAddress >

< street1 > C/- NEXPOINT REAL ESTATE ADVISORS IV, LP </ street1 >

< street2 > 300 CRESCENT COURT, SUITE 700 </ street2 >

< city > DALLAS </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 9724192500 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Other </ entityType >

< entityTypeOtherDesc > Delaware Statutory Trust </ entityTypeOtherDesc >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2018 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > n/a </ firstName >

< lastName > NexPoint Real Estate Advisors IV, L.P. </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Sponsor of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > n/a </ firstName >

< lastName > NREA Southeast Portfolio Three </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Manager of the Issuer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > James </ firstName >

< lastName > Dondero </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Scott </ firstName >

< middleName > Neil </ middleName >

< lastName > Ellington </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Brian </ firstName >

< lastName > Mitts </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Matt </ firstName >

< lastName > McGraner </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Matthew </ firstName >

< lastName > Goetz </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification />

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Frank </ firstName >

< lastName > Waterhouse </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 300 Crescent Court </ street1 >

< street2 > Suite 700 </ street2 >

< city > Dallas </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 75201 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< 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 > 0001762806-19-000019 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2018-12-18 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > false </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

< clarificationOfResponse />

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 100000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > DFPG Investments Inc. </ recipientName >

< recipientCRDNumber > 155576 </ 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 >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > DC </ state >

< description > DISTRICT OF COLUMBIA </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > MD </ state >

< description > MARYLAND </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > OR </ state >

< description > OREGON </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > VT </ state >

< description > VERMONT </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > McDermott Investment Services LLC </ recipientName >

< recipientCRDNumber > 154926 </ recipientCRDNumber >

< associatedBDName > McDermott Investment Services LLC </ associatedBDName >

< associatedBDCRDNumber > 154926 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 44 EAST BROAD STREET </ street1 >

< street2 > 2nd Floor </ street2 >

< city > Bethlehem </ city >

< stateOrCountry > PA </ stateOrCountry >

< stateOrCountryDescription > PENNSYLVANIA </ stateOrCountryDescription >

< zipCode > 18018 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > UT </ state >

< description > UTAH </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Gary G Benson </ recipientName >

< recipientCRDNumber > 118221 </ recipientCRDNumber >

< associatedBDName > NPB Financial Group LLC </ associatedBDName >

< associatedBDCRDNumber > 137743 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3500 W. OLIVE AVENUE </ street1 >

< street2 > 3rd Floor </ street2 >

< city > Burbank </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 91505 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Matthew T Rubis </ recipientName >

< recipientCRDNumber > 5863109 </ recipientCRDNumber >

< associatedBDName > Parkland Securities LLC </ associatedBDName >

< associatedBDCRDNumber > 115368 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 300 PARKLAND PLAZA </ street1 >

< city > Ann Arbor </ city >

< stateOrCountry > MI </ stateOrCountry >

< stateOrCountryDescription > MICHIGAN </ stateOrCountryDescription >

< zipCode > 48103 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MN </ state >

< description > MINNESOTA </ description >

< state > ND </ state >

< description > NORTH DAKOTA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Gregory J Meyer </ recipientName >

< recipientCRDNumber > 3088783 </ recipientCRDNumber >

< associatedBDName > NPB Financial Group LLC </ associatedBDName >

< associatedBDCRDNumber > 137743 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3500 W. OLIVE AVENUE </ street1 >

< street2 > 3rd Floor </ street2 >

< city > Burbank </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 91505 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Concorde Investment Services LLC </ recipientName >

< recipientCRDNumber > 151604 </ 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 > AZ </ state >

< description > ARIZONA </ description >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > IN </ state >

< description > INDIANA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > James M. Lamont </ recipientName >

< recipientCRDNumber > 2846228 </ recipientCRDNumber >

< associatedBDName > Whitehall-Parker Securities Inc. </ associatedBDName >

< associatedBDCRDNumber > 10608 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 477 PACIFIC AVENUE-2ND FLOOR </ street1 >

< city > SAN FRANCISCO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94133 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David B. Clark </ recipientName >

< recipientCRDNumber > 2836304 </ recipientCRDNumber >

< associatedBDName > Clark Wealth Strategies, Inc. </ associatedBDName >

< associatedBDCRDNumber > 146090 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 12020 SHAMROCK PLAZA SUITE 200 </ street1 >

< city > OMAHA </ city >

< stateOrCountry > NE </ stateOrCountry >

< stateOrCountryDescription > NEBRASKA </ stateOrCountryDescription >

< zipCode > 68154 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IA </ state >

< description > IOWA </ 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 >

< state > CO </ state >

< description > COLORADO </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joral T Schmalle </ recipientName >

< recipientCRDNumber > 4491484 </ recipientCRDNumber >

< associatedBDName > Sigma Financial Corp. </ 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 >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David P 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 >

< state > FL </ state >

< description > FLORIDA </ description >

< state > ID </ state >

< description > IDAHO </ description >

< state > IL </ state >

< description > ILLINOIS </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Tomas J Velken </ recipientName >

< recipientCRDNumber > 1600404 </ recipientCRDNumber >

< associatedBDName > Sigma Financial Corp. </ 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 > Robin T Naylor </ recipientName >

< recipientCRDNumber > 1392433 </ recipientCRDNumber >

< associatedBDName > Emerson Equity LLC. </ associatedBDName >

< associatedBDCRDNumber > 130032 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 155 BOVET ROAD, SUITE 725 </ street1 >

< city > SAN MATEO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94402 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Michael L. Cruz </ recipientName >

< recipientCRDNumber > 2130750 </ recipientCRDNumber >

< associatedBDName > Courtland Securiites Corp </ associatedBDName >

< associatedBDCRDNumber > 137356 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 18218 MCDURMOTT </ street1 >

< street2 > SUITE A </ street2 >

< city > IRVINE </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92614 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Edward Fernandez </ recipientName >

< recipientCRDNumber > 2956661 </ recipientCRDNumber >

< associatedBDName > Capulent LLC </ associatedBDName >

< associatedBDCRDNumber > 155155 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1 Spectrum Pointe Drive </ street1 >

< street2 > Ste 320 </ street2 >

< city > Lake Forest </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92630 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MO </ state >

< description > MISSOURI </ description >

< state > NE </ state >

< description > NEBRASKA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Leslie Pappas </ recipientName >

< recipientCRDNumber > 1735372 </ recipientCRDNumber >

< associatedBDName > Lightpath Capital, Inc. </ associatedBDName >

< associatedBDCRDNumber > 94123 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3130 Baker Street </ street1 >

< city > San Francisco </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94123 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > FL </ state >

< description > FLORIDA </ description >

< state > NV </ state >

< description > NEVADA </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Kim R. Kunz </ recipientName >

< recipientCRDNumber > 718618 </ 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 > Elizabeth L. Friant </ recipientName >

< recipientCRDNumber > 2122446 </ 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 > FL </ state >

< description > FLORIDA </ description >

< state > VA </ state >

< description > VIRGINIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > James K. Johnston </ recipientName >

< recipientCRDNumber > 1689783 </ recipientCRDNumber >

< associatedBDName > Arete Wealth Management LLC </ associatedBDName >

< associatedBDCRDNumber > 44856 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 775 RIDGE LAKE BLVD SUITE 150 </ street1 >

< city > MEMPHIS </ city >

< stateOrCountry > TN </ stateOrCountry >

< stateOrCountryDescription > TENNESSEE </ stateOrCountryDescription >

< zipCode > 38120 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > TN </ state >

< description > TENNESSEE </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Martin J. Curry </ recipientName >

< recipientCRDNumber > 5950121 </ recipientCRDNumber >

< associatedBDName > Coastal Investment Advisors </ associatedBDName >

< associatedBDCRDNumber > 134952 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1201 N. Orange St </ street1 >

< street2 > Suite 729 </ street2 >

< city > Wilmington </ city >

< stateOrCountry > DE </ stateOrCountry >

< stateOrCountryDescription > DELAWARE </ stateOrCountryDescription >

< zipCode > 19801 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MD </ state >

< description > MARYLAND </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Patrick T Shea </ recipientName >

< recipientCRDNumber > 1654953 </ recipientCRDNumber >

< associatedBDName > Whitehall-Parker Securities Inc. </ associatedBDName >

< associatedBDCRDNumber > 10608 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 477 PACIFIC AVENUE-2ND FLOOR </ street1 >

< city > SAN FRANCISCO </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94133 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jason A Salmon </ recipientName >

< recipientCRDNumber > 6081963 </ 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 > CO </ state >

< description > COLORADO </ description >

< state > FL </ state >

< description > FLORIDA </ description >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

< state > MO </ state >

< description > MISSOURI </ description >

< state > NJ </ state >

< description > NEW JERSEY </ description >

< state > NY </ state >

< description > NEW YORK </ description >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

< state > OH </ state >

< description > OHIO </ description >

< state > PA </ state >

< description > PENNSYLVANIA </ description >

< state > TX </ state >

< description > TEXAS </ description >

< state > WI </ state >

< description > WISCONSIN </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Christina S. Nielson </ recipientName >

< recipientCRDNumber > 4866971 </ recipientCRDNumber >

< associatedBDName > Primex </ 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 > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > John L. Jenkins </ recipientName >

< recipientCRDNumber > 1163851 </ recipientCRDNumber >

< associatedBDName > Arete Wealth Management LLC </ associatedBDName >

< associatedBDCRDNumber > 44856 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1101 W LAKE STREET </ street1 >

< street2 > 1ST FLOOR </ street2 >

< city > CHICAGO </ city >

< stateOrCountry > IL </ stateOrCountry >

< stateOrCountryDescription > ILLINOIS </ stateOrCountryDescription >

< zipCode > 60607 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Joseph D. Jackson </ recipientName >

< recipientCRDNumber > 2351290 </ recipientCRDNumber >

< associatedBDName > Capital Investment Group Inc. </ associatedBDName >

< associatedBDCRDNumber > 14752 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 100 E. SIX FORKS ROAD </ street1 >

< street2 > STE 200 </ street2 >

< city > RALEIGH </ city >

< stateOrCountry > NC </ stateOrCountry >

< stateOrCountryDescription > NORTH CAROLINA </ stateOrCountryDescription >

< zipCode > 27609 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > NC </ state >

< description > NORTH CAROLINA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Mcihael G. Culwell </ recipientName >

< recipientCRDNumber > 5989109 </ recipientCRDNumber >

< associatedBDName > Emerson Equity LLC </ associatedBDName >

< associatedBDCRDNumber > 130032 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 155 Bovet Road </ street1 >

< street2 > Suite 725 </ street2 >

< city > San Mateo </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94402 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Dieter E. Thurow </ recipientName >

< recipientCRDNumber > 1435375 </ recipientCRDNumber >

< associatedBDName > NPB Financial Group LLC </ associatedBDName >

< associatedBDCRDNumber > 137743 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 3500 W. Olive Avenue </ street1 >

< street2 > Third Floor </ street2 >

< city > Burbank </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 94505 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Robert D. Brinbaum </ recipientName >

< recipientCRDNumber > 2382580 </ recipientCRDNumber >

< associatedBDName > Advisory Group Equity SVCS LTD </ associatedBDName >

< associatedBDCRDNumber > 15427 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 444 Washington Street </ street1 >

< street2 > Suite 407 </ street2 >

< city > Woburn </ city >

< stateOrCountry > MA </ stateOrCountry >

< stateOrCountryDescription > MASSACHUSETTS </ stateOrCountryDescription >

< zipCode > 01801 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > MA </ state >

< description > MASSACHUSETTS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Dawn E. Campbell </ recipientName >

< recipientCRDNumber > 2214340 </ recipientCRDNumber >

< associatedBDName > Madrona Financial Services </ associatedBDName >

< associatedBDCRDNumber > 115753 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2911 Bond Street </ street1 >

< street2 > Suite 200 </ street2 >

< city > Everett </ city >

< stateOrCountry > WA </ stateOrCountry >

< stateOrCountryDescription > WASHINGTON </ stateOrCountryDescription >

< zipCode > 98201 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > WA </ state >

< description > WASHINGTON </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Stacey J. Morimoto </ recipientName >

< recipientCRDNumber > 4420782 </ recipientCRDNumber >

< associatedBDName > K Capital LLC </ associatedBDName >

< associatedBDCRDNumber > 147191 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 805 Third Avenue </ street1 >

< street2 > Floor 14 </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10022 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Brian K. Evans </ recipientName >

< recipientCRDNumber > 4004458 </ recipientCRDNumber >

< associatedBDName > Madrona Financial Services </ associatedBDName >

< associatedBDCRDNumber > 115753 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2911 Bond Street </ street1 >

< street2 > Suite 200 </ street2 >

< city > Everett </ city >

< stateOrCountry > WA </ stateOrCountry >

< stateOrCountryDescription > WASHINGTON </ stateOrCountryDescription >

< zipCode > 98201 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > ID </ state >

< description > IDAHO </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Jim A. Lund </ recipientName >

< recipientCRDNumber > 1713921 </ recipientCRDNumber >

< associatedBDName > Cabot Lodge Securities LLC </ associatedBDName >

< associatedBDCRDNumber > 159712 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 200 Vesey Street </ street1 >

< street2 > 24th Floor </ street2 >

< city > New York </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10281 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Randy A. Barmache </ recipientName >

< recipientCRDNumber > 4607939 </ 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 >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 72403877 </ totalOfferingAmount >

< totalAmountSold > 58143484 </ totalAmountSold >

< totalRemaining > 14260393 </ totalRemaining >

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

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 167 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 4344233 </ 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 > 2480423 </ 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 mayaccrue to one or more Related Persons. </ clarificationOfResponse >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > NREA Southeast Portfolio Three, DST </ issuerName >

< signatureName > /s/ Matt McGraner </ signatureName >

< nameOfSigner > Matt McGraner </ nameOfSigner >

< signatureTitle > Authorized Signatory </ signatureTitle >

< signatureDate > 2019-06-19 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >