For Private Partners

A capital-efficient
western platform.

Far West Ranch is structured as a single development entity with nine operating tenants — backed by 151 acres of held land, a fixed return for private partners, and a defined path to refinance at stabilization.

This page summarizes a private offering · Accredited investors only · Not a public solicitation

The Opportunity

Why this, why now.

I.

One asset, nine NOIs

Diversification at the property level — nine distinct income streams under a single roof reduce single-operator risk and smooth the seasonal curve.

II.

Hard-asset basis

Backed by 151 acres held at family cost basis since 1947 — a real-property floor under every dollar of equity at risk.

III.

Path of growth

Sacramento MSA is among the fastest-growing in California; Lincoln and Placer County lead it on permits and household formation.

IV.

Operator-led

Venues operated by independent groups on long-term leases. The development entity owns the land, the shell, and the brand.

V.

Single opening

Coordinated opening weekend — every venue drawing traffic for every other on day one, instead of years of phased ramp.

VI.

Refinance ready

Conservative LTV at construction. Stabilized cash flow underwrites a takeout that returns private capital with an upside tail.

Returns Profile

Target outcomes.

Preferred Return
9%
annualized, paid current
Target IRR
14–17%
net to LP, 5-yr hold
Target Equity Multiple
1.8×
net to LP, gross of fees
Hold Period
5 yr
refinance at stabilization

Targets are not guarantees. Forward-looking projections are based on the underwriting model and subject to the risks described in the offering documents. Past performance is not indicative of future results.

Deal Terms

Structure.

Entity
Far West Ranch, LLC Delaware series LLC; California ground lease
Offering Size
$24M LP equity alongside $48M senior construction debt
Minimum
$250,000 accredited investors only; suitability reviewed individually
Distributions
Quarterly current, with annual catch-up 9% preferred return, then 70/30 split to refinance
Fees
2% acquisition · 1% asset management no acquisition fee on ground lease
Use of Proceeds
Site work, shell construction, operator TI no land cost — ground leased at fair-market terms
Closing
Rolling close through Q2 2026 capital call schedule on signing
Capital Stack

Where the money
goes.

I.
Senior Construction Debt
$48.0M60%
II.
Preferred Equity (LP)
$24.0M30%
III.
Sponsor Co-Invest
$6.0M7.5%
IV.
Operator TI Contribution
$2.0M2.5%
Senior Debt LP Equity Sponsor Operator

Total capitalization

$80.0M

Conservative loan-to-cost at construction close. Stabilized debt yield underwrites a takeout that returns the preferred equity in full with the upside captured by the remaining stack and the land.

Land contributed at appraised value via a long-term ground lease; not capitalized into the construction draw.

Materials

Investor materials.

PDF · 28 pp

Investor Brief

Executive summary, market, site plan, operator slate, returns.

Request access →
XLSX · model

Underwriting Model

Sources & uses, venue-level pro forma, sensitivity tables.

Request access →
PDF · 64 pp

Private Placement Memo

Risk factors, structure, subscription, and operating agreement.

Request access →
Get in Touch

Request a briefing.

Email Directly

This page is informational and does not constitute an offer to sell or a solicitation to buy securities. Any offer will be made only by the private placement memorandum.