Questions before you commit? Talk to the GP directly.
Book Allocation CallIntroducing Project Shepherd Fund I
Earn passive income from real estate without buying, fixing, or managing it yourself.
We acquire real estate, do the work that makes it more valuable, and exit at a profit. You earn quarterly income while the project runs, plus a share of the profit when it sells.
- 25+
- Years developing
- 1,000+
- Transactions closed
- 100%
- Distributions paid
A message from the GP
Coming soonVideo coming soon. In the meantime, the three briefing videos below cover the fund in full.
Watch Before You Book
Three videos, about 25 minutes total.
They cover almost everything investors ask us. Watch them first and the call becomes a conversation about your situation, not a briefing.
The Problem & The Opportunity
8 minVideo 1
The Problem & The Opportunity
Why the Pacific Northwest housing shortage creates a durable window for the kind of deals we do.
- The housing gap that isn't closing this decade
- Why most investors get the timing (and the entry price) wrong
- Where returns actually come from in development
How We Invest Your Money
11 minVideo 2
How We Invest Your Money
The exact process from sourcing to exit, and the checkpoints that let us walk away before capital is at risk.
- How we control land before we buy it
- Underwriting the worst case first
- Owning the construction company and what it saves
What It's Like To Invest With Us
7 minVideo 3
What It's Like To Invest With Us
Distributions, reporting, taxes, and the cadence you can expect once your capital is in.
- Quarterly preferred distributions and the payout order
- Monthly written updates and live quarterly calls
- K-1s, portal access, and adding to your position
Proof
Deals we have closed, and what is in the ground now.
A snapshot of the strategies behind the fund, completed deals alongside what is currently under way.
Ash Park
Pacific Northwest
44-unit subdivision
- Hold
- 24 months
- Outcome
- Completed and sold
Macadam Village
Pacific Northwest
56-unit condo conversion
- Hold
- 18 months
- Outcome
- Completed and sold
Isabella Lane
Pacific Northwest
18-unit subdivision
- Hold
- 20 months
- Outcome
- Completed and sold
Elm Street
Pacific Northwest
16 townhome lots
- Hold
- 14 months
- Outcome
- Position sold to partner
Creekside Village
Pacific Northwest
20–25 townhomes, infill
- Hold
- 24 months target
- Outcome
- In planning
Evergreen Trails
Pacific Northwest
60+ home subdivision, 10 acres
- Hold
- 24–30 months target
- Outcome
- Pre-entitlement
Past performance does not guarantee future results. Projected figures are targets, not promises, and are not an offer to invest.
After You Invest
You should never wonder what your money is doing.
Here is the cadence from day one.
- 01
Week One
Onboarding
You sign your documents, wire your capital, and get portal access the same week. We confirm every step in writing.
- 02
Every Month
Written Updates
A plain-English update on what we bought, what we sold, where each project stands, and what's next.
- 03
Every Quarter
Distributions & Live Call
Your preferred return is paid quarterly, and we host a live investor call walking through the numbers. Ask anything.
- 04
Anytime
Ongoing Access
Book a one-on-one whenever you want to talk through a project, a market shift, or adding to your position.
Book Your Allocation Call
20 minutes. No pitch.
Tell us where you stand, pick a time, and we'll walk you through the current deals, the structure, and whether this is a fit.
Frequently Asked Questions