-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PICQTdkRuzSZw3ZfR12Eai+/rnNM0yfIlPwLh158FXMYiVO6G6Gzo3E23T4lItH8 o7exzzobGZoTT7QrToWP1g== 0000912057-02-031545.txt : 20020813 0000912057-02-031545.hdr.sgml : 20020813 20020813154934 ACCESSION NUMBER: 0000912057-02-031545 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE REALTY FUND LLC CENTRAL INDEX KEY: 0001073149 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 330825254 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-63656 FILM NUMBER: 02729673 BUSINESS ADDRESS: STREET 1: 4590 MACARTHUR BLVD STREET 2: SUITE 610 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9498521007 MAIL ADDRESS: STREET 1: 4590 MACARTHUR BLVD STREET 2: SUITE 610 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: CORNERSTONE INDUSTRIAL PROPERTIES INCOME & GROWTH FUND LLC DATE OF NAME CHANGE: 19981106 424B3 1 a2087011z424b3.htm 424B3
QuickLinks -- Click here to rapidly navigate through this document

Filed pursuant to Rule 424(b)(3) and 424(c)
File No. 333-63656

Sticker Supplement dated August 13, 2002 to
Cornerstone Realty Fund, LLC
Prospectus dated May 7, 2002

The fund has entered into an agreement to purchase Normandie Business Center, a multi-tenant business park located on a 2.45 acre parcel at 20920-20950 Normandie Avenue, Torrance, California. The project consists of two concrete tilt-up office/warehouse buildings of 29,779 and 19,200 square feet. Twenty eight tenants currently occupy the project with tenant sizes ranging from 1,200 to 3,358 square feet. Units are typically comprised of a one-story office area in the front and warehouse/manufacturing space in the rear. Office build out averages approximately 18%. The buildings were completed in 1989. The project is zoned M-2 light manufacturing.

The purchase price of the project is $3,885,000. The fund's managing member and its affiliates will not receive any compensation in connection with the property acquisition. Purchase of the project is subject to completion of the fund's due diligence to its satisfaction. It is expected that the closing will occur in mid-September, 2002.

QuickLinks

Sticker Supplement dated August 13, 2002 to Cornerstone Realty Fund, LLC Prospectus dated May 7, 2002
-----END PRIVACY-ENHANCED MESSAGE-----