Creative Yield-Oriented Real Estate Investment Firm

We empower growth through strategic capital investments in the real estate sector.

Stonetown Capital Group is a Denver based real estate investment firm currently focused upon opportunities in the manufactured housing and recreational vehicle sectors. The principals of Stonetown have deep real estate private equity experience both domestically and abroad and have built a top tier investment group.

The company has raised approximately $750 million in private equity capital since inception over a series of investment vehicles. Our current funds, Stonetown 7 and Stonetown Development Ventures which we are actively investing approximately $200 million of committed capital.

Roy Lapidus

Founding Partner

© Copyright 2023 Stonetown Capital.  All rights reserved.


Stonetown actively invests in affordable housing primarily in the manufactured housing space. Leveraging deep real estate experience in acquisitions, dispositions, joint ventures, restructurings and financings, Stonetown has a unique ability to identify value, structure deals, close transactions and execute on accretive business plans.

A wholly owned subsidiary of Stonetown Capital, Cairn Communities provides property management services for Stonetown’s housing communities.

Cairn’s mission is to provide residents with quality management services, ensuring the properties are maintained in a professional manner such that residents are proud to call their communities home.

As a dedicated on-site property management arm, Cairn provides properties local area expertise and a committed team that is focused on long term value enhancement.

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Our Strategy

Stonetown seeks yield driven real estate investments believing that cash flowing properties offer more attractive risk adjusted returns. Stonetown’s strategy is to apply its team’s institutional training and background to a unique, niche space in the real estate industry.


Stonetown is an active owner and operator of manufactured housing communities, RV resorts, and multifamily assets in Texas, Oklahoma, New Mexico, Illinois, Colorado, Alabama, Mississippi, Indiana, South Dakota, North Carolina, Tennessee and Georgia. Stonetown’s current assets include more than 23,000 units in approximately 150 locations.


Stonetown is amongst the largest owners of manufactured housing communities in Alabama, with 13 communities in the Auburn, Birmingham, Huntsville and Tuscaloosa metropolitan areas.


Stonetown owns and manages 4 manufactured housing communities on the Western Slope of Colorado and 1 community in Eastern Colorado.


In 2022 Stonetown aquired our first property in Winder, GA which is north east of Atlanta.


Stonetown’s Illinois region consists of seven communities in the Chicago metro area and stretch down to central Illinois. The Company has been active in this market since its founding in 2010, and demand for affordable housing in this region has been consistent.


Bolstering its presence in metro Chicago, Stonetown crossed state lines by expanding to northern Indiana in 2018 and currently owns two assets 30 miles east of greater Chicago along the southern shores of Lake Michigan.


Stonetown established its ownership presence in Mississippi with the acquisition of Harbor Pines in Ridgeland and The Highlands in Pearl, which are suburbs of Jackson.

North Carolina

Stonetown purchased its first three communities in North Carolina in 2020 in the greater Charlotte MSA.

New Mexico

Stonetown owns and operates a significant portfolio in excess of 1,200 single family land parcels in greater Farmington, New Mexico, in the Four Corners region of the state. This business is concentrated in eight distinct subdivisions in the Four Corners region of the state.


Oklahoma continues to be a focal market for Stonetown, given its population and job growth. Stonetown has 20 communities in greater Oklahoma City and six in the Tulsa metropolitan area.

South Dakota

South Dakota is the state Stonetown entered most recently (2022) with the purchase of a community in Sioux Falls.


Stonetown established its ownership presence in Tennessee in 2020 with the acquisition of two communities in Knoxville.


With a current portfolio of 76 properties, Texas is Stonetown's largest and most active region with a focus on the Dallas Fort Worth, Houston and San Antonio areas.  Population growth, job creation, and the rise in home pricing have made affordable housing a compelling growth business in the Lone Star State. 

At The Reserve, our goal is to provide each person with the opportunity to own a home they are proud of. We provide luxury manufactured homes with amazing amenities and a sense of community.

Since 1992, Quality RV Resorts offers an array of amenities that attract travelers of all types.  The Quality difference is the backbone of the custom features and excellent care experienced with us. 


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Adam Minnick


Dax Nolen


Matt Getty


Max Key


Andy Glinski



Stonetown invests in the manufactured home and recreational vehicle sector. This arena presents an intriguing investment opportunity characterized by existing cash flow with strong demand filling current vacancy, valuable zoning and limited new construction.

The Company’s real estate investment vehicles provide diversification for investors who are seeking yield and capital appreciation opportunities.

Stonetown’s funds are highly focused, as opposed to most institutional real estate private equity offerings. This both allows the Company to pursue individual acquisitions under a yield based aggregation strategy and also gives limited partners visibility into Stonetown’s distinct funds.

Leveraging deep real estate experience in acquisitions, dispositions, joint ventures, restructurings, and financings, Stonetown has built a unique portfolio of geographical targeted investments in a series of investment funds.

To date, the Company has focused its acquisition activity creating operating pods in the metropolitan areas where it believes that low cost housing alternatives are positioned to benefit from continued job and population growth as well as aggregation efficiencies.

Stonetown’s typical investments represent “fix and fill” opportunities to invest fresh capital and new homes into older properties to increase quality, livability, community, occupancy and financial performance.

Today, Stonetown's portfolio is in excess of 23,000 affordable housing units in approximately 150 manufactured home communities and RV resorts. Cairn Communities, a wholly owned subsidiary of Stonetown, manages Stonetown’s assets.