-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EC/JWyse3Gj0KSV2wmmNF9Un2y3pdvAMH9LZadYDS2Kl4eAS95qT5k1jhkwRnsBH
 Whnn5kotdI3c/XrW6w4jRA==

<SEC-DOCUMENT>0001096243-10-000002.txt : 20100222
<SEC-HEADER>0001096243-10-000002.hdr.sgml : 20100222
<ACCEPTANCE-DATETIME>20100222125142
ACCESSION NUMBER:		0001096243-10-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100222
DATE AS OF CHANGE:		20100222
EFFECTIVENESS DATE:		20100222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMONFUND REALTY INVESTORS LLC
		CENTRAL INDEX KEY:			0001096243
		IRS NUMBER:				061549984
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-45558
		FILM NUMBER:		10621888

	BUSINESS ADDRESS:	
		STREET 1:		15 OLD DANBURY ROAD
		CITY:			WILTON
		STATE:			CT
		ZIP:			06897
		BUSINESS PHONE:		203563-5000

	MAIL ADDRESS:	
		STREET 1:		15 OLD DANBURY ROAD
		CITY:			WILTON
		STATE:			CT
		ZIP:			06897
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001096243</cik>
        <entityName>COMMONFUND REALTY INVESTORS LLC</entityName>
        <issuerAddress>
            <street1>15 OLD DANBURY ROAD</street1>
            <city>WILTON</city>
            <stateOrCountry>CT</stateOrCountry>
            <zipCode>06897</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>203563-5000</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>TIMOTHY</firstName>
                <middleName>M.</middleName>
                <lastName>SHINE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>15 OLD DANBURY ROAD</street1>
                <city>WILTON</city>
                <stateOrCountry>CT</stateOrCountry>
                <zipCode>06897</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>EXECUTIVE VICE PRESIDENT OF CFR INVESTORS MANAGEMENT, LLC, THE MANAGER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JAMES</firstName>
                <middleName>J.</middleName>
                <lastName>KEARY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>15 OLD DANBURY ROAD</street1>
                <city>WILTON</city>
                <stateOrCountry>CT</stateOrCountry>
                <zipCode>06897</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>VICE PRESIDENT OF CFR INVESTORS MANAGEMENT, LLC, THE MANAGER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>DAVID</firstName>
                <middleName>P.</middleName>
                <lastName>THOMAS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>15 OLD DANBURY ROAD</street1>
                <city>WILTON</city>
                <stateOrCountry>CT</stateOrCountry>
                <zipCode>06897</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>TREASURER OF CFR INVESTORS MANAGEMENT, LLC, THE MANAGER OF THE ISSUERR</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <middleName>W.</middleName>
                <lastName>AUCHINCLOSS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>15 OLD DANBURY ROAD</street1>
                <city>WILTON</city>
                <stateOrCountry>CT</stateOrCountry>
                <zipCode>06897</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>SECRETARY OF CFR INVESTORS MANAGEMENT, LLC, THE MANAGER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-09-006307</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2002-06-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>COMMONFUND SECURITIES, INC.</recipientName>
                <recipientCRDNumber>43541</recipientCRDNumber>
                <associatedBDName>COMMONFUND SECURITIES, INC.</associatedBDName>
                <associatedBDCRDNumber>43541</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>15 OLD DANBURY ROAD</street1>
                    <city>WILTON</city>
                    <stateOrCountry>CT</stateOrCountry>
                    <zipCode>06897</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1000000000</totalOfferingAmount>
            <totalAmountSold>842688939</totalAmountSold>
            <totalRemaining>157311061</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>256</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>504847</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Placement fees have been discontinued as of November, 2003</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>A portion of the proceeds may be used to fund the operating expenses of the Issuer (including asset management fees, incentive fees or other fees that are payable to the Issuer's managing meember or its affiliates).</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>COMMONFUND REALTY INVESTORS LLC</issuerName>
                <signatureName>/s/ John W. Auchincloss</signatureName>
                <nameOfSigner>John W. Auchincloss</nameOfSigner>
                <signatureTitle>Secretary of CFR Investors Management, LLC</signatureTitle>
                <signatureDate>2010-02-22</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----