SJ Capital RE LLC · Real estate investment & development
We acquire, develop, finance, own, and operate real estate across the United States — multifamily, affordable and workforce housing, mixed-use development, and structured credit.
Ownership in SJ Capital RE deliberately does not track capital alone. It reflects origination, execution, and the work of building an asset — which is how we intend to keep interests aligned through a full hold period.
About us
SJ Capital RE LLC is a real estate investment and development platform.
Most sponsors spend the first year of a deal assembling capital and the next five explaining themselves to it. We start with the capital already at the table, which shortens the distance between finding an opportunity and closing on it — and keeps the same people accountable for the outcome years later.
Our members agreed at formation that ownership would reflect operating responsibility, deal origination, and ongoing value creation — not only the size of the check. Capital is compensated, and so is execution.
A fixed share of net profits from each realized investment is retained as a permanent reinvestment reserve, funding predevelopment, working capital, and the next acquisition. It reduces our reliance on outside capital and lets us move on a site before the market agrees with us.
Acquisitions, dispositions, financings and refinancings, annual budgets, and capital calls require member approval under defined thresholds. Everyone knows what a "yes" requires before the diligence clock starts.
Investment strategy
We are product-agnostic and discipline-specific. What holds the platform together is not an asset class — it's a consistent view of basis, of what the capital stack can carry, and of whether the business plan survives the year the market turns.
Select a level to read the mandate.
Grade · SJ Capital RE LLC platform
Leadership
SJ Capital RE is manager-managed. Jerrod Delaine and Shaul Fisch serve as Managing Members and run the company day to day. Joel Guttman and Joel Scher serve as capital partners and strategic advisors, and participate in every major investment decision.
Contact us
We review every inquiry that comes with an address and a number attached. If you are a broker, sponsor, municipality, or capital partner, tell us what you have and we will tell you quickly whether it fits.
Acquisitions, development sites, distressed notes, and public-private opportunities nationwide.
Institutional and private capital partners interested in co-investment or deal-level participation.
Press, partnerships, vendors, and community organizations.
