<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001894604</cik>
        <entityName>Griffin Capital Qualified Opportunity Zone Fund III, L.P.</entityName>
        <issuerAddress>
            <street1>GRIFFIN CAPITAL PLAZA</street1>
            <street2>266 Kansas Street</street2>
            <city>EL SEGUNDO</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>90245</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(310) 469-6100</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2021</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName>A.</middleName>
                <lastName>Shields</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Griffin Capital Plaza</street1>
                <street2>266 Kansas Street</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Executive Officer of the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Griffin Capital Company, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Griffin Capital Plaza</street1>
                <street2>266 Kansas Street</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Sponsor of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Griffin Capital QOZ III, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Griffin Capital Plaza</street1>
                <street2>266 Kansas Street</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner 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>
            <item>3C</item>
            <item>3C.5</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001894604-22-000012</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2021-12-06</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>150000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Marc Seeherman</recipientName>
                <recipientCRDNumber>1131557</recipientCRDNumber>
                <associatedBDName>Calton &amp; Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>20999</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>32 West 40th Street</street1>
                    <street2>7th Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10018</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Timothy J. Sherer</recipientName>
                <recipientCRDNumber>833518</recipientCRDNumber>
                <associatedBDName>Emerson Equity LLC</associatedBDName>
                <associatedBDCRDNumber>130032</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>61 East Main Street</street1>
                    <street2>Suite D</street2>
                    <city>Los Gatos</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95032</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Ryan Sherer</recipientName>
                <recipientCRDNumber>5952617</recipientCRDNumber>
                <associatedBDName>Emerson Equity LLC</associatedBDName>
                <associatedBDCRDNumber>130032</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>61 East Main Street</street1>
                    <street2>Suite D</street2>
                    <city>Los Gatos</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95032</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Billy Aycock</recipientName>
                <recipientCRDNumber>4069907</recipientCRDNumber>
                <associatedBDName>Center Street Securities Inc.</associatedBDName>
                <associatedBDCRDNumber>26898</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2 International Plaza</street1>
                    <street2>Suite 301</street2>
                    <city>Nashville</city>
                    <stateOrCountry>TN</stateOrCountry>
                    <stateOrCountryDescription>TENNESSEE</stateOrCountryDescription>
                    <zipCode>37217</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Betty Friant</recipientName>
                <recipientCRDNumber>2122446</recipientCRDNumber>
                <associatedBDName>Growth Capital Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>124658</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1101 Pennsylvania Avenue NW</street1>
                    <street2>Suite 300</street2>
                    <city>Washington</city>
                    <stateOrCountry>DC</stateOrCountry>
                    <stateOrCountryDescription>DISTRICT OF COLUMBIA</stateOrCountryDescription>
                    <zipCode>20004</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Mark Baran</recipientName>
                <recipientCRDNumber>870541</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>NH</state>
                    <description>NEW HAMPSHIRE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Neeraj Agarwal</recipientName>
                <recipientCRDNumber>5487434</recipientCRDNumber>
                <associatedBDName>Lincoln Financial Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>3870</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4664 South Boulevard</street1>
                    <street2>Suite 201A</street2>
                    <city>Virginia Beach</city>
                    <stateOrCountry>VA</stateOrCountry>
                    <stateOrCountryDescription>VIRGINIA</stateOrCountryDescription>
                    <zipCode>23452</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Colette Frey-Bitzas</recipientName>
                <recipientCRDNumber>2040840</recipientCRDNumber>
                <associatedBDName>American Portfolios Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>18487</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4250 Veterans Memorial Highway</street1>
                    <street2>Suite 100E</street2>
                    <city>Holbrook</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>11741</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Taher Gilani</recipientName>
                <recipientCRDNumber>2381502</recipientCRDNumber>
                <associatedBDName>Calton &amp; Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>20999</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8304 Briarwood Lane</street1>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78757</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David Funes</recipientName>
                <recipientCRDNumber>5467419</recipientCRDNumber>
                <associatedBDName>Thornhill Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>22333</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>400 W. 15th Street</street1>
                    <street2>Suite 700</street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78701</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Amr Tenney</recipientName>
                <recipientCRDNumber>5506866</recipientCRDNumber>
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                <associatedBDCRDNumber>22333</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>400 W. 15th Street</street1>
                    <street2>Suite 700</street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78701</zipCode>
                </recipientAddress>
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                    <description>FLORIDA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Eugene Cindrich</recipientName>
                <recipientCRDNumber>2444041</recipientCRDNumber>
                <associatedBDName>Advisory Group Equity Services Ltd</associatedBDName>
                <associatedBDCRDNumber>15427</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10 Phoenix Row</street1>
                    <city>Haverhill</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>01832</zipCode>
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                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Michael Petter</recipientName>
                <recipientCRDNumber>4341091</recipientCRDNumber>
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                <recipientAddress>
                    <street1>62 La Escalera</street1>
                    <city>San Antonio</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78261</zipCode>
                </recipientAddress>
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                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Scott Ozer</recipientName>
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                <recipientAddress>
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                    <street2>Suite 200</street2>
                    <city>Agoura Hills</city>
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                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91301</zipCode>
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                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Independent Financial Group, LLC</recipientName>
                <recipientCRDNumber>7717</recipientCRDNumber>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
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                    <street2>Suite 200</street2>
                    <city>San Diego</city>
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                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
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                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MT</state>
                    <description>MONTANA</description>
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                    <description>WASHINGTON</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
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            <recipient>
                <recipientName>Lincoln Financial Advisors Corporation</recipientName>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
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                    <city>Fort Wayne</city>
                    <stateOrCountry>IN</stateOrCountry>
                    <stateOrCountryDescription>INDIANA</stateOrCountryDescription>
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                    <description>DISTRICT OF COLUMBIA</description>
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                    <description>GEORGIA</description>
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                    <description>IDAHO</description>
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                    <state>NY</state>
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                    <description>UTAH</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
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                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Ivan West</recipientName>
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                <recipientAddress>
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                    <city>Lisle</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60532</zipCode>
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                    <description>MICHIGAN</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
                <recipientName>Elias Pritsoulis</recipientName>
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                    <street2>28th Floor</street2>
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                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
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                    <description>NEW JERSEY</description>
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            <recipient>
                <recipientName>Betty Friant</recipientName>
                <recipientCRDNumber>2122446</recipientCRDNumber>
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                <recipientAddress>
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                    <street2>Suite 360</street2>
                    <city>Torrance</city>
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            <recipient>
                <recipientName>DFPG Investments, LLC</recipientName>
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                <recipientAddress>
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            <recipient>
                <recipientName>Cambridge Investment Research, Inc.</recipientName>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
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                    <description>CALIFORNIA</description>
                    <state>FL</state>
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                    <description>MASSACHUSETTS</description>
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                    <description>MICHIGAN</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>OH</state>
                    <description>OHIO</description>
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                    <description>PENNSYLVANIA</description>
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                    <description>TEXAS</description>
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            <recipient>
                <recipientName>John A. Doane</recipientName>
                <recipientCRDNumber>4083486</recipientCRDNumber>
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                <associatedBDCRDNumber>15427</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>33 Hilltop Drive</street1>
                    <city>Wenham</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>01984</zipCode>
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                    <description>FLORIDA</description>
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            <recipient>
                <recipientName>Brian Armstrong</recipientName>
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                <recipientAddress>
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                    <city>Tampa</city>
                    <stateOrCountry>FL</stateOrCountry>
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                <recipientAddress>
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                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
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            <recipient>
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                <associatedBDCRDNumber>19258</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4648 N. 32nd Street</street1>
                    <city>Phoenix</city>
                    <stateOrCountry>AZ</stateOrCountry>
                    <stateOrCountryDescription>ARIZONA</stateOrCountryDescription>
                    <zipCode>85016</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Rodney Ibrahim</recipientName>
                <recipientCRDNumber>4358176</recipientCRDNumber>
                <associatedBDName>A.G.P./Alliance Global Partners</associatedBDName>
                <associatedBDCRDNumber>8361</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>40 Wall Street</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10005</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Alex Ruggieri</recipientName>
                <recipientCRDNumber>1685884</recipientCRDNumber>
                <associatedBDName>NexTrend Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>43710</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1801 Woodfield Drive</street1>
                    <city>Savoy</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>61874</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Andrew Zorovich</recipientName>
                <recipientCRDNumber>2753501</recipientCRDNumber>
                <associatedBDName>American Portfolios Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>18487</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 Clinton Avenue West</street1>
                    <street2>Suite 701</street2>
                    <city>Huntsville</city>
                    <stateOrCountry>AL</stateOrCountry>
                    <stateOrCountryDescription>ALABAMA</stateOrCountryDescription>
                    <zipCode>35801</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <description>ALABAMA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Purshe Kaplan Sterling Investments</recipientName>
                <recipientCRDNumber>35747</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>80 State Street</street1>
                    <city>Albany</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>12207</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Joshua P. Jones</recipientName>
                <recipientCRDNumber>5139521</recipientCRDNumber>
                <associatedBDName>MHL Investments</associatedBDName>
                <associatedBDCRDNumber>2535</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Everspire Plaza</street1>
                    <street2>6900 S. 900 E., Suite 200</street2>
                    <city>Midvale</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                    <zipCode>84047</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OR</state>
                    <description>OREGON</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Daniel Goodwin</recipientName>
                <recipientCRDNumber>5752768</recipientCRDNumber>
                <associatedBDName>AAG Capital, Inc.</associatedBDName>
                <associatedBDCRDNumber>188</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2211 Ashley Oaks Circle</street1>
                    <city>Wesley Chapel</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33544</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Brent Lee</recipientName>
                <recipientCRDNumber>5436195</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>125 Main Street</street1>
                    <street2>Suite 250</street2>
                    <city>Williston</city>
                    <stateOrCountry>ND</stateOrCountry>
                    <stateOrCountryDescription>NORTH DAKOTA</stateOrCountryDescription>
                    <zipCode>28801</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Lewis Baker</recipientName>
                <recipientCRDNumber>2543651</recipientCRDNumber>
                <associatedBDName>Arete Wealth Management, LLC</associatedBDName>
                <associatedBDCRDNumber>44856</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8607 Cedar Street</street1>
                    <city>Silver Spring</city>
                    <stateOrCountry>MD</stateOrCountry>
                    <stateOrCountryDescription>MARYLAND</stateOrCountryDescription>
                    <zipCode>20910</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Bruce Bessner</recipientName>
                <recipientCRDNumber>1809667</recipientCRDNumber>
                <associatedBDName>Lincoln Financial Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>3870</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>109 South Harris Street</street1>
                    <street2>Suite 220</street2>
                    <city>Round Rock</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78664</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David O'Brien</recipientName>
                <recipientCRDNumber>2722690</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>24 Superior Drive</street1>
                    <street2>Suite 101</street2>
                    <city>Natick</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>01760</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Seyed Ahmad Hashemian</recipientName>
                <recipientCRDNumber>1574079</recipientCRDNumber>
                <associatedBDName>Centaurus Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>30833</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1502 E. Warner Avenue</street1>
                    <street2>Suite #E</street2>
                    <city>Santa Ana</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>927705</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Matthew Copley</recipientName>
                <recipientCRDNumber>6247665</recipientCRDNumber>
                <associatedBDName>Emerson Equity LLC</associatedBDName>
                <associatedBDCRDNumber>130032</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2650 Camino Del Rio North</street1>
                    <street2>Suite 350</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Carlos Castro</recipientName>
                <recipientCRDNumber>5340409</recipientCRDNumber>
                <associatedBDName>Lincoln Financial Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>3870</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>109 South Harris Street</street1>
                    <street2>Suite 220</street2>
                    <city>Round Rock</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78664</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Andrew Dorr</recipientName>
                <recipientCRDNumber>5297867</recipientCRDNumber>
                <associatedBDName>Arete Wealth Management, LLC</associatedBDName>
                <associatedBDCRDNumber>44856</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6600 Westown Parkway</street1>
                    <street2>Suite 190</street2>
                    <city>West Des Moines</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>50266</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Joseph Michaletz</recipientName>
                <recipientCRDNumber>1327534</recipientCRDNumber>
                <associatedBDName>DAI Securities, LLC</associatedBDName>
                <associatedBDCRDNumber>36673</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>150 St. Andrews Court</street1>
                    <street2>Suite 210</street2>
                    <city>Mankato</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>56001</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Michael O'Toole</recipientName>
                <recipientCRDNumber>6336251</recipientCRDNumber>
                <associatedBDName>DAI Securities, LLC</associatedBDName>
                <associatedBDCRDNumber>36673</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>150 St. Andrews Court</street1>
                    <street2>Suite 210</street2>
                    <city>Mankato</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>56001</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Damian Dering</recipientName>
                <recipientCRDNumber>2854253</recipientCRDNumber>
                <associatedBDName>Concorde Investment Services, LLC</associatedBDName>
                <associatedBDCRDNumber>151604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>360 N. Pacific Coast Highway</street1>
                    <street2>Suite 2000</street2>
                    <city>El Segundo</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>90245</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NV</state>
                    <description>NEVADA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>500000000</totalOfferingAmount>
            <totalAmountSold>162280030</totalAmountSold>
            <totalRemaining>337719970</totalRemaining>
            <clarificationOfResponse>Regarding Item 11, the Issuer may accept smaller investments in the Issuer's sole discretion.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>288</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>16250000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>Sales Commissions include estimates of the maximum amount of Selling Commissions, Dealer Fees and Placement Agent Fees that may be paid.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1875000</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>Griffin Capital Qualified Opportunity Zone Fund III, L.P.</issuerName>
                <signatureName>/s/ Joseph E. Miller</signatureName>
                <nameOfSigner>Joseph E. Miller</nameOfSigner>
                <signatureTitle>CFO &amp; Treasurer of the GP of the Issuer</signatureTitle>
                <signatureDate>2022-06-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
