Stonetown Capital Group is a Denver-based real estate investment firm specializing in yield-driven opportunities within the affordable housing sector, with a primary focus on manufactured housing communities and recreational vehicle (RV) resorts. Since its inception in 2010, the firm has raised approximately $750 million in private equity capital through various investment vehicles. Currently, its active funds, Stonetown 7 and Stonetown Development Ventures, collectively manage about $200 million in committed capital .

The company’s portfolio encompasses over 23,000 units across approximately 150 locations in states including Texas, Oklahoma, New Mexico, Colorado, and Illinois. Stonetown Capital Group operates through its wholly owned subsidiary, Cairn Communities, which manages the majority of its manufactured home assets . The firm employs a collaborative, office-focused culture that emphasizes a “work hard, play hard” mentality, with an active office in Houston in addition to its Denver headquarters .

Led by founder Roy Lapidus, a former Managing Director at Goldman Sachs, Stonetown Capital Group boasts a team with deep real estate private equity experience both domestically and abroad. The firm’s strategy centers on identifying value in cash-flowing properties, structuring deals, and executing on various business plans to enhance financial performance .