PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 10:08 AM ET

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Roy Sheppard

Named as an officer, director or promoter on SEC Form D filings · ND · Jan 13, 2010 → Jan 3, 2025

2deals (issuers)
$10.2Mreported sold
5investors
19Form D filings
2010–2025years on file
Follow this personLook further ↓PDF

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:21 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Roy Sheppard is listed as a director on 19 SEC Form D filings by 2 issuers between Jan 2010 and Jan 2025: DAKOTA UPREIT LP (Fargo, ND — reits and finance — 2010–2025; $10.1M reported sold to 4 investors) and DAKOTA REAL ESTATE INVESTMENT TRUST (Fargo, ND — reits and finance — 2019–2022; $25K reported sold to 1 investors).

What this means 2 separate companies raised money with this person listed as director, over about 15 years. Across those companies the filings report $10.2M sold in total.

Listed alongside Kevin Christianson (19 shared filings), George Gaukler (18 shared filings), Ray Braun (18 shared filings), Stan Johnson (18 shared filings), Brad Fay (17 shared filings) and 26 others.

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Roy. Each name links to their own page.

All 2 issuers belong to the sponsor group Dakota Roseland Apartments (11 issuers, $9.39M reported sold, 2009–2025).

What this means A sponsor group is one team that sets up a new company for each deal. Dakota Roseland Apartments has 11 companies on file and $9.39M reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY) — 7 bankruptcy cases matching the name listed in Key records below.

What this means 7 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 19 public filings for Roy Sheppard and found 8 differences, 1 worth asking the sponsor about: Form D filed 626 days after the first sale; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Roy Sheppard has not run yet — it is joining a line of 47,527 names; searches run around the clock at the hosts' allowed rate. Searched so far: 641 names.

Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:21 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: 48 regulators (FINRA, NASAA, 37 states) — crawled Oct 24, 2026, 8:48 AM ET

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Roy Sheppard..

State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).

3. Bankruptcies

7 cases: 1 open, 6 closed (disposition not in docket feed)

Roy M Sheppard open
United States Bankruptcy Court, D. New Jersey · No. 20-22524 · Filed Nov 9, 2020
Role of Roy M Sheppard: Debtor · Outcome: Open — no termination date on the docket (bulk snapshot 2026-09-30) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in NJ (not a filing state)
Roy M Sheppard closed
United States Bankruptcy Court, E.D. Michigan · No. 14-54283 · Filed Sep 9, 2014 · Closed Dec 29, 2014
Role of Roy M Sheppard: Debtor · Outcome: Case closed 2014-12-29 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in MI (not a filing state)
Pamela D. Sheppard and Roy M. Sheppard closed
United States Bankruptcy Court, E.D. Michigan · No. 14-52574 · Filed Aug 1, 2014 · Closed Aug 19, 2014
Role of Roy M. Sheppard: Debtor · Outcome: Case closed 2014-08-19 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in MI (not a filing state)
Roy M Sheppard closed
United States Bankruptcy Court, D. New Jersey · No. 08-18921 · Filed May 13, 2008 · Closed Oct 15, 2009
Role of Roy M Sheppard: Debtor · Outcome: Case closed 2009-10-15 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in NJ (not a filing state)
Roy H. Sheppard and Sandra W. Sheppard closed
United States Bankruptcy Court, E.D. Louisiana · No. 98-11719 · Filed Apr 8, 1998 · Closed Apr 12, 1999
Role of Roy H. Sheppard and Sandra W. Sheppard: Debtor · Outcome: Case closed 1999-04-12 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in LA (not a filing state)
Roy L. Sheppard and Helen A. Sheppard closed
United States Bankruptcy Court, W.D. Virginia · No. 91-03182 · Filed Dec 20, 1991 · Closed May 27, 1992
Role of Roy L. Sheppard and Helen A. Sheppard: Debtor · Outcome: Case closed 1992-05-27 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in VA (not a filing state)
ROY MAC SHEPPARD and CAROLYN ANN SHEPPARD closed
United States Bankruptcy Court, S.D. Mississippi · No. 89-01929 · Filed Jun 20, 1989 · Closed Oct 30, 1989
Role of ROY MAC SHEPPARD and CAROLYN ANN SHEPPARD: Debtor · Outcome: Case closed 1989-10-30 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same full name (a name found in 20 federal dockets); court in MS (not a filing state)
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:21 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

Comparisons cover issuers and sponsor groups — see the issuer pages under Deals

8 differences found between the filings for Roy Sheppard — 1 worth asking about (compared 19 filings on Oct 24, 2026)

Note · Nov 14, 2022

Roy Sheppard appears on 1 deal that stopped filing before reaching its target

DAKOTA REAL ESTATE INVESTMENT TRUST (last filing Nov 14, 2022; $25,000 sold of $20,000,000). Each has no filing in more than two years and reported under half its target sold.

What this means An issuer whose last filing is more than two years old and reported under half its target sold. The raise may have closed early or quietly stopped. Ask what happened to each.

DAKOTA REAL ESTATE INVESTMENT TRUST — PartnerFacts page ↗
Sources
Worth asking · Feb 5, 2018 – Oct 24, 2019

Form D filed 626 days after the first sale — DAKOTA UPREIT LP

The filing says the first sale was Feb 5, 2018. The Form D was filed Oct 24, 2019 — 626 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 611 days past that.

What this means The notice went in months after money was taken in. Late notices are common and carry no penalty by themselves, but it is fair to ask the sponsor why the paperwork lagged.

Form D · Oct 24, 2019 ↗DAKOTA UPREIT LP — PartnerFacts page ↗
Sources
Note · Jun 10, 2019 – Jul 24, 2019

Form D filed 44 days after the first sale — DAKOTA REAL ESTATE INVESTMENT TRUST

The filing says the first sale was Jun 10, 2019. The Form D was filed Jul 24, 2019 — 44 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 29 days past that.

What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.

Form D · Jul 24, 2019 ↗DAKOTA REAL ESTATE INVESTMENT TRUST — PartnerFacts page ↗
Sources
Note · Dec 31, 2009 – Jan 3, 2025

13 offerings have no amendment in the last 12 months and may still be open

No amendment in the last 12 months on an offering that may still be open — DAKOTA UPREIT LP (latest filing Jan 3, 2025) · No amendment in the last 12 months on an offering that may still be open — DAKOTA REAL ESTATE INVESTMENT TRUST (latest filing Sep 22, 2020) · No amendment in the last 12 months on an offering that may still be open — DAKOTA UPREIT LP (latest filing Oct 24, 2019) · No amendment in the last 12 months on an offering that may still be open — DAKOTA REAL ESTATE INVESTMENT TRUST (latest filing Jul 24, 2019) · No amendment in the last 12 months on an offering that may still be open — DAKOTA UPREIT LP (latest filing Dec 18, 2017) · and 8 more

What this means SEC rules expect a yearly amendment while an offering is still going. Ask the sponsor which of these raises have closed.

Form D · Jan 3, 2025 ↗DAKOTA UPREIT LP — PartnerFacts page ↗Form D · Sep 22, 2020 ↗DAKOTA REAL ESTATE INVESTMENT TRUST — PartnerFacts page ↗
Sources
Note · Jan 13, 2010 – Jul 30, 2015

Reported revenue range changed between filings — DAKOTA UPREIT LP

"$1,000,001 - $5,000,000" (Jan 13, 2010); then "$5,000,001 - $25,000,000" (Dec 23, 2013); then "$25,000,001 - $100,000,000" (Jul 30, 2015).

What this means This is the size band the issuer picks for itself on the form. A change can mean the business grew or shrank — or that it chose not to say. Ask for current numbers.

Form D · Jan 13, 2010 ↗Form D · Dec 23, 2013 ↗Form D · Jul 30, 2015 ↗DAKOTA UPREIT LP — PartnerFacts page ↗
Sources
Note · Oct 24, 2019 – Jan 3, 2025

Address moved from Valley City, ND to Fargo, ND — DAKOTA UPREIT LP

The people listed on the Oct 24, 2019 filing give Valley City, ND; on the Jan 3, 2025 filing they give Fargo, ND.

What this means Businesses move; this just shows the two places and dates. If you were told one city and the forms say another, ask which is current.

Form D · Oct 24, 2019 ↗Form D · Jan 3, 2025 ↗DAKOTA UPREIT LP — PartnerFacts page ↗
Sources
Note · Sep 22, 2020 – Nov 14, 2022

Address moved from Valley City, ND to Fargo, ND — DAKOTA REAL ESTATE INVESTMENT TRUST

The people listed on the Sep 22, 2020 filing give Valley City, ND; on the Nov 14, 2022 filing they give Fargo, ND.

What this means Businesses move; this just shows the two places and dates. If you were told one city and the forms say another, ask which is current.

Form D · Sep 22, 2020 ↗Form D · Nov 14, 2022 ↗DAKOTA REAL ESTATE INVESTMENT TRUST — PartnerFacts page ↗
Sources
Note · Jun 22, 2011 – Dec 29, 2011

Address moved from Fargo, ND to Valley City, ND — DAKOTA UPREIT LP

The people listed on the Jun 22, 2011 filing give Fargo, ND; on the Dec 29, 2011 filing they give Valley City, ND.

What this means Businesses move; this just shows the two places and dates. If you were told one city and the forms say another, ask which is current.

Form D · Jun 22, 2011 ↗Form D · Dec 29, 2011 ↗DAKOTA UPREIT LP — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

11 of 19 offerings report sales commissions totalling $6,213,000; 0 report finder's fees; 0 report proceeds to related persons. (includes amounts the issuer reported as estimates)

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Jan 3, 2025 D
DAKOTA UPREIT LP
File 021-534155
$0$0$0None listed on this filingEDGAR ↗
Nov 14, 2022 D
DAKOTA REAL ESTATE INVESTMENT TRUST
File 021-464702
$0 (est.)$0$0None listed on this filingEDGAR ↗
Sep 22, 2020 D
DAKOTA REAL ESTATE INVESTMENT TRUST
File 021-376018
$93,000 (est.)$0$0None listed on this filingEDGAR ↗
Oct 24, 2019 D
DAKOTA UPREIT LP
File 021-351784
$0$0$0None listed on this filingEDGAR ↗
Jul 24, 2019 D
DAKOTA REAL ESTATE INVESTMENT TRUST
File 021-344995
$800,000 (est.)$0$0Gardner Financial Services, Inc. BrokerCheck CRD 21000 ↗EDGAR ↗
Feb 1, 2019 D
DAKOTA UPREIT LP
File 021-331907
$0$0$0None listed on this filingEDGAR ↗
Feb 1, 2019 D
DAKOTA UPREIT LP
File 021-331909
$0$0$0None listed on this filingEDGAR ↗
May 22, 2018 D
DAKOTA UPREIT LP
File 021-312939
$0$0$0None listed on this filingEDGAR ↗
Dec 18, 2017 D
DAKOTA UPREIT LP
File 021-301024
$0$0$0None listed on this filingEDGAR ↗
Oct 24, 2017 D
DAKOTA UPREIT LP
File 021-297302
$0$0$0None listed on this filingEDGAR ↗
Jul 26, 2016 D
DAKOTA UPREIT LP
File 021-267737
$1,200,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

Wendy Waalen BrokerCheck CRD 4178870 ↗
via Gardner Financial (CRD 21000 ↗)

Duane Talge BrokerCheck CRD 3199921 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Aug 20, 2015 D
DAKOTA UPREIT LP
File 021-246190
$1,200,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

Wendy Waalen BrokerCheck CRD 4178870 ↗
via Gardner Financial (CRD 21000 ↗)

Duane Talge BrokerCheck CRD 3199921 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Jul 30, 2015 D
DAKOTA UPREIT LP
File 021-244717
$600,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

Wendy Waalen BrokerCheck CRD 4178870 ↗
via Gardner Financial (CRD 21000 ↗)

Duane Talge BrokerCheck CRD 3199921 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Sep 8, 2014 D
DAKOTA UPREIT LP
File 021-224233
$600,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

David Mann BrokerCheck CRD 4744708 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Dec 23, 2013 D
DAKOTA UPREIT LP
File 021-208608
$600,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

David Mann BrokerCheck CRD 4744708 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Nov 15, 2012 D
DAKOTA UPREIT LP
File 021-187018
$400,000 (est.)$0$0John Carlson BrokerCheck CRD 3098410 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)

Jeremy Carlson BrokerCheck CRD 4465093 ↗
via Gardner Financial (CRD 21000 ↗)

David Mann BrokerCheck CRD 4744708 ↗
via Gardner Financial (CRD 21000 ↗)

Michael Vipond BrokerCheck CRD 5605527 ↗
via Gardner Financial (CRD 21000 ↗)
EDGAR ↗
Dec 29, 2011 D
DAKOTA UPREIT LP
File 021-170851
$300,000 (est.)$0$0Bill Moran BrokerCheck CRD 2632538 ↗
via Capital Financial Services, Inc. (CRD 8408 ↗)
EDGAR ↗
Jun 22, 2011 D
DAKOTA UPREIT LP
File 021-161689
$120,000 (est.)$0$0Bill Moran BrokerCheck CRD 2632538 ↗
via Capital Financial Services, Inc (CRD 8408 ↗)
EDGAR ↗
Jan 13, 2010 D
DAKOTA UPREIT LP
File 021-50515
$300,000 (est.)$0$0Bill Moran BrokerCheck CRD 2632538 ↗
via Capital Financial Services, Inc (CRD 8408 ↗)

Larry Rau BrokerCheck CRD 1557549 ↗
via Okoboji FInancial Services, Inc (CRD 33727 ↗)

Robert Medhus BrokerCheck CRD 1009019 ↗
via Associated Financial Services (CRD 1121 ↗)

Mike Vipond BrokerCheck CRD 5605527 ↗
via Associated Financial Services (CRD 1121 ↗)
EDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this person is listed on (latest filing per offering, per issuer).

Deals 2

Every issuer that named Roy Sheppard on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

DU
REITS and Finance · group: Dakota Roseland Apartments

DAKOTA UPREIT LP

Fargo, ND · Jan 13, 2010 → Jan 3, 2025 · 16 filings
  • Jan 3, 2025 · D · $575,596 sold of Indefinite · 1 investors · min. $10,000 · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • Oct 24, 2019 · D · $1,184,000 sold of Indefinite · 3 investors · min. $100,000 · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • Feb 1, 2019 · D · $0 sold of $2,000,000 · 0 investors · min. $100,000 · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • Feb 1, 2019 · D · $0 sold of Indefinite · 0 investors · min. No minimum reported · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • May 22, 2018 · D · $1,425,000 sold of $1,425,000 · 1 investors · min. No minimum reported · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • Dec 18, 2017 · D · $1,761,372 sold of $2,000,000 · 4 investors · min. No minimum reported · role: Director (Member of Board of Trustees of Issuer's General Partner) EDGAR ↗
  • Oct 24, 2017 · D · $0 sold of Indefinite · 0 investors · min. No minimum reported · role: Director (Member of Board of Trustees of Issuer's general partner) EDGAR ↗
  • Jul 26, 2016 · D · $2,000,000 sold of $20,000,000 · 2 investors · min. $50,000 · role: Director EDGAR ↗
  • Aug 20, 2015 · D · $10,146,906 sold of $20,000,000 · 1 investors · min. $50,000 · role: Director EDGAR ↗
  • Jul 30, 2015 · D · $800,350 sold of $10,000,000 · 2 investors · min. $50,000 · role: Director EDGAR ↗
  • Sep 8, 2014 · D · $0 sold of $10,000,000 · 0 investors · min. $10 · role: Director EDGAR ↗
  • Dec 23, 2013 · D · $1,311,821 sold of $10,000,000 · 2 investors · min. $10 · role: Director EDGAR ↗
  • Nov 15, 2012 · D · $1,759,536 sold of $5,000,000 · 2 investors · min. $9 · role: Director EDGAR ↗
  • Dec 29, 2011 · D · $1,047,178 sold of $5,000,000 · 1 investors · min. $8 · role: Director EDGAR ↗
  • Jun 22, 2011 · D · $939,824 sold of $2,000,000 · 1 investors · min. $8 · role: Director EDGAR ↗
  • Jan 13, 2010 · D · $735,000 sold of $5,000,000 · 1 investors · min. $100,000 · role: Director EDGAR ↗

Raised $10.1M from 4 investors as of the latest filing. Roy is listed as director on 16 filings for this deal.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: REITS and Finance / 506(b) (3,490 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

DR
REITS and Finance · group: Dakota Roseland Apartments

DAKOTA REAL ESTATE INVESTMENT TRUST

Fargo, ND · Jul 24, 2019 → Nov 14, 2022 · 3 filings
  • Nov 14, 2022 · D · $0 sold of Indefinite · 0 investors · min. $25,000 · role: Director (Member of Board of Trustees) EDGAR ↗
  • Sep 22, 2020 · D · $25,000 sold of $20,000,000 · 1 investors · min. $25,000 · role: Director EDGAR ↗
  • Jul 24, 2019 · D · $22,000 sold of $10,000,000 · 1 investors · min. $25,000 · role: Director EDGAR ↗

Raised $25K from 1 investor as of the latest filing. Roy is listed as director on 3 filings for this deal.

Latest filing on EDGAR ↗
Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: REITS and Finance / 506(b) (3,490 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

People around Roy 31

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

KC
No photo found yet (own website and image search run after this page is viewed)
Person

Kevin Christianson

Director, Executive Officer · 19 shared filings (2 issuers) · also on 5 other issuers

Kevin Christianson is on 7 issuers in total — a repeat sponsor. Their page lists every one.

GG
No photo found yet (own website and image search run after this page is viewed)
Person

George Gaukler

Executive Officer, Director · 18 shared filings (2 issuers) · also on 7 other issuers

George Gaukler is on 9 issuers in total — a repeat sponsor. Their page lists every one.

RB
No photo found yet (own website and image search run after this page is viewed)
Person

Ray Braun

Director, Executive Officer · 18 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

SJ
No photo found yet (own website and image search run after this page is viewed)
Person

Stan Johnson

Director · 18 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

BF
No photo found yet (own website and image search run after this page is viewed)
Person

Brad Fay

Director · 17 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JK
No photo found yet (own website and image search run after this page is viewed)
Person

Jim Knutson

Director, Executive Officer · 17 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

BH
No photo found yet (own website and image search run after this page is viewed)
Person

Brion Henderson

Director, Executive Officer · 16 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JH
No photo found yet (own website and image search run after this page is viewed)
Person

Joe Hauer

Director · 16 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

GS
No photo found yet (own website and image search run after this page is viewed)
Person

Gene Smestad

Director, Executive Officer · 16 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

CL
No photo found yet (own website and image search run after this page is viewed)
Person

Clarice Liechty

Director · 14 shared filings (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JS
No photo found yet (own website and image search run after this page is viewed)
Person

Jerry Slusky

Director · 13 shared filings (2 issuers) · also on 2 other issuers

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

KH
No photo found yet (own website and image search run after this page is viewed)
Person

Ken Heen

Director · 11 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

CL
No photo found yet (own website and image search run after this page is viewed)
Person

CRAIG LLOYD

Director · 9 shared filings (2 issuers) · also on 19 other issuers

CRAIG LLOYD is on 21 issuers in total — a repeat sponsor. Their page lists every one.

GK
No photo found yet (own website and image search run after this page is viewed)
Person

Gorman King Jr.

Director · 8 shared filings (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

MP
No photo found yet (own website and image search run after this page is viewed)
Person

Matt Pederson

Director · 8 shared filings (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

MP
No photo found yet (own website and image search run after this page is viewed)
Person

Matthew Pedersen

Director, Executive Officer · 7 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JO
No photo found yet (own website and image search run after this page is viewed)
Person

Jon Otterstatter

Director · 7 shared filings (2 issuers) · also on 1 other issuer

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JC
No photo found yet (own website and image search run after this page is viewed)
Person

Jim Carlson

Director · 3 shared filings (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

RS
No photo found yet (own website and image search run after this page is viewed)
Person

Roger Swenson

Director · 2 shared filings (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JB
No photo found yet (own website and image search run after this page is viewed)
Person

Jerry Banks

Director · 2 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

BF
No photo found yet (own website and image search run after this page is viewed)
Person

Bradley Fay

Director · 2 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

DJ
No photo found yet (own website and image search run after this page is viewed)
Person

Danel Jung

Executive Officer · 2 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

AH
No photo found yet (own website and image search run after this page is viewed)
Person

Andrew Henderson

Executive Officer, Director · 2 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JB
No photo found yet (own website and image search run after this page is viewed)
Person

John Barker

Director · 2 shared filings (2 issuers)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

BH
No photo found yet (own website and image search run after this page is viewed)
Person

b Henderson

Executive Officer, Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

LW
No photo found yet (own website and image search run after this page is viewed)
Person

Lisa Wheeler Wold

Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

CL
No photo found yet (own website and image search run after this page is viewed)
Person

Craid Lloyd

Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

LW
No photo found yet (own website and image search run after this page is viewed)
Person

Lisa Wheeler

Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

JH
No photo found yet (own website and image search run after this page is viewed)
Person

James Haley

Executive Officer · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

AP
No photo found yet (own website and image search run after this page is viewed)
Person

Angie Pfannkuch

Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

LS
No photo found yet (own website and image search run after this page is viewed)
Person

Lisa Smith

Director · 1 shared filing (1 issuer)

Listed on the same filings as Roy Sheppard. Their page shows their other deals.

The team behind the deals

DR
Sponsor group

Dakota Roseland Apartments

11 issuers · 29 filings · $9.39M reported sold · 2009–2025

One team, 11 deal companies. Roy Sheppard is listed on 2 of them.

Sources

Issuers are grouped when their Form D filings share related persons, a management entity or a business address (automatic match from the filings). "Listed" marks the issuers that name Roy Sheppard.

Registrations and other filings

Business registration (state registry / Secretary of State)

Individuals are not matched to business registrations — registries list companies, and a name alone is not enough to tie a person to one. Officers and managers appear by name inside each matched company's record on the issuer pages. Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file).

Adviser registration (Form ADV)

None of the 2 issuers this person is listed on appears in Form ADV (searched 24,962 advisers as of Oct 2, 2026). A person is never an adviser firm; Form ADV is checked for the issuers and the management companies they are listed with.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Property records none — individuals are not matched

Property records are matched to companies only, never to individuals, so none are matched to Roy Sheppard by design. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 2 issuers this person is listed on — nothing matched.

Public profiles and social

Websites and social links of the issuers Roy Sheppard is listed on: none on file. No website or social profile named in DAKOTA UPREIT LP's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #81,442 of 374,652 in line (1,386 issuers searched so far). One-tap searches: Look further ↓

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (Fargo, ND). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Social and web

LinkedIn people search ↗Instagram ↗X (Twitter) ↗Facebook ↗YouTube ↗Google ↗Google Images ↗Google News ↗Meta Ad Library ↗

Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗North Dakota state courts — find the court ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

North Dakota Secretary of State business search ↗OpenCorporates ↗

Change history

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