May 5, 2026
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Read more →Accredited Investors Only · Rule 506(b)
Private Equity · Luxury Residential Development
Co-invest in ground-up
luxury residential
development.
Kardash Development partners with accredited investors to build and sell luxury custom homes in Sacramento suburbs. You provide capital — we handle everything else.
Schedule a Call
This page contains no investment solicitation. Details are discussed privately with accredited investors only.
12–36 mo
Typical project horizon
California
Primary target market
Rule 506(b)
Regulation D structure
Investor Fit
Is this the right fit?
We work with a small number of accredited investors on a project-by-project basis. This is not a public offering.
This may be a fit if you
Are a US accredited investor
Are interested in real estate development as an asset class
Prefer passive participation — you provide capital, we build
Are comfortable with a 12–36 month investment horizon
Want exposure to the California luxury residential market
This is not for you if you
Need immediate liquidity
Are not a US accredited investor
Want guaranteed returns or fixed income
Want day-to-day involvement in project decisions
How It Works
The structure.
The structure.
Six steps.
Each project is structured as a separate entity. Investors participate as limited partners. Kardash acts as the developer and operator.
1
We identify the project
Kardash sources the land, runs feasibility, and selects projects in target markets — Sacramento suburbs, California.
2
Project-specific entity (SPV)
Each project is held in a separate LLC. Investors participate as limited partners. Capital and returns are isolated to that project.
3
Investors provide capital
Accredited investors contribute equity to the project SPV. Participation details — including minimums and structure — are discussed privately.
4
Kardash builds and manages
We handle land acquisition, permitting, design coordination, full construction, and the sales process. Investors receive regular project updates.
5
Preferred return — investors first
Investors receive a preferred return from project proceeds before profit is distributed to the developer. Specific terms are set per project and disclosed in the operating agreement.
6
Sale and distribution
Upon sale of the completed home, proceeds are distributed per the operating agreement — preferred return first, then profit split between investors and Kardash.
The Thesis
Why luxury residential
Why luxury residential
development in California.
Persistent supply shortage
California has underbuilt for over a decade. Luxury custom homes in Sacramento suburbs face minimal new supply — demand remains strong among high-income buyers relocating from the Bay Area.
Short hold period
Ground-up residential projects in our target range typically complete and sell within 12–36 months — a shorter horizon than most commercial or multifamily development.
Tangible, titled asset
Each investment is backed by real property — land and the structure being built on it. The SPV holds title throughout the project duration.
Track Record
Projects completed
Projects completed
across four states.
Kardash has delivered ground-up custom residential projects in California, Texas, and Illinois. We have the build capacity, permitting expertise, and market relationships to execute.
Primary Market
California
Primary market. Ground-up luxury residential in Granite Bay, El Dorado Hills, Folsom, and Loomis. Deep expertise in California permitting, Title 24, and foothills site conditions.
Texas
Completed custom residential projects ground-up. Demonstrated ability to build in high-growth markets with different regulatory frameworks.
Illinois · Chicago
Custom residential completed in a complex urban construction environment. Consistent build standards across markets.
Track Record — Completed Projects
Ground-up homes
Ground-up homes
we've delivered.
Before You Invest
What every investor
What every investor
should understand.
All investments involve risk. Real estate development carries construction, market, and liquidity risk. Past project completions do not guarantee future results.
This is not a liquid investment. Capital is committed for the duration of the project — typically 12–36 months — and cannot be redeemed early.
Participation is available only to accredited investors as defined under SEC Regulation D, Rule 506(b).
Each project is governed by a separate operating agreement. All terms, distributions, and investor rights are set out in that document before capital is committed.
We strongly recommend consulting with an independent financial or legal advisor before making any investment decision.
FAQ
Common questions
Under SEC rules, an accredited investor is an individual with annual income exceeding $200K (or $300K with a spouse) for the past two years, or a net worth exceeding $1M excluding their primary residence. Entities with assets exceeding $5M may also qualify. We verify accredited status before any investment discussion.
Our investment offerings are structured under SEC Regulation D, Rule 506(b). This exemption allows us to raise capital from accredited investors without public solicitation. It protects both investors and the company by ensuring participants have the financial sophistication to evaluate this type of investment.
As a limited partner in the project SPV, you contribute capital but have no role in day-to-day operations or build decisions. Kardash — as the general partner and developer — handles everything: land acquisition, permitting, construction, and sale. You receive updates and financial reporting throughout.
SPV stands for Special Purpose Vehicle — a single-purpose LLC formed specifically for one project. It holds title to the land and property, keeps the project's finances separate from other Kardash operations, and defines the legal relationship between investors and the developer through an operating agreement.
Investors receive a preferred return from project proceeds before any profit is distributed to Kardash. After the preferred return is paid, remaining profit is split per the terms of the operating agreement. Specific percentages and distribution schedules are disclosed per project — we do not publish these publicly.
Upon the sale of the completed home, the SPV distributes proceeds per the operating agreement — preferred return first, then profit split. There is no fixed maturity date. The timeline depends on project duration and market conditions, typically 12–36 months from capital commitment.
Schedule a call with our team. We discuss project details, structure, and investor fit privately — not on a public website. If there is a mutual fit, we share the project memorandum and operating agreement for your review.
Important Notice
This page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering of securities by Kardash Development will be made only to accredited investors through a private placement memorandum and in compliance with applicable federal and state securities laws, including SEC Regulation D, Rule 506(b).
Investing in real estate development involves significant risks, including loss of principal, illiquidity, and market risk. Past project completions do not guarantee future results. Prospective investors should carefully review all offering documents and consult with independent legal, financial, and tax advisors before making any investment decision.
This is not a public solicitation. No general advertising or public promotion of investment opportunities is intended or permitted under Rule 506(b).
Get in Touch
Interested in
Interested in
learning more?
We discuss project details, structure, and fit privately. Schedule a call — no obligation, no public pitch.
Schedule a CallFor accredited investors only · Regulation D Rule 506(b) · Not a public offering
Schedule a Call
Start the conversation
Accredited investors only. We verify investor status before any detailed discussion.
Before proceeding, please confirm:
I confirm that I am a US accredited investor as defined under SEC Regulation D, and I understand this is a private communication, not a public offering.
Response time
Within one business day.
Structure
Regulation D, Rule 506(b)
Eligible participants
US accredited investors only
Project horizon
12–36 months per project
Markets
California (primary) · Texas · Illinois
