A family company building for the next generation, not the next quarter.
Photo: Our ground-up new construction multifamily project in Three Oaks, MI completing in the fall of 2023.
Housing is one of our core human needs impacting individuals, families, and communities. Our focus is always to improve and maintain these assets to a standard that provides for success measured in decades, not just years. We understand the immense responsibility it means to own and manage such an impactful product.
We always seek to find investment opportunities that offer value-add opportunities. This allows us to force the appreciation of the properties and provide additional value to our customers and investors. This is a buy and work strategy, not a buy and hope strategy.
Campgrounds and RV resorts are one of the most maluable real estate niches in the market. Given our approach of hands on forced value add this is an ideal asset class for JFH Capital. There is virtually unlimited room to expand and grow these assets given the acreage and property appeal. Add in industry leading cash flow among all real estate classes and that's why RV Park investing is so exciting.
We focus on investing into markets that offer strong cash flow to investors. Not only does this make for a sound long-term investment, it protects us from downside risk. Getting the right long-term debt, operating prudently, and staying patient helps create a sustainable winning formula.
Our vision is simple. To build a portfolio of cash-flowing real estate to support a vibrant life for our family and investors as well as our residents, customers, and communities we invest in.
Multifamily: We have a goal of owning one thousand units within Indiana and Michigan over the next 10 years.
RV Parks and Campgrounds: Providing places for families to create memories and build lasting bonds.
If you are looking to invest with a hands-on operator, we would love to get an opportunity to get to know you better and have a conversation about your investing goals.
Photo: Warblers Cove campground in Lupton MI. Acquired in December of 2021. 610 acres, over 200 sites, and 4 lakes.
Joel began investing in early 2015. His first property was a small 4 unit that he lived in and remodeled himself.
Over the next 3 years, he worked to build a portfolio of 31 units utilizing a series of creative financing structures and putting in a lot of sweat equity.
In 2019 he formed JFH Capital to allow investors an opportunity to invest alongside him and provide a way to scale to larger opportunities. To date, JFH Capital has purchased more than 200 multifamily units and has had 5 successful exits with an average increase in asset value of 57%.
In 2021 JFH Capital expanded its operations to include the acquisitions of RV Parks and Campgrounds through the formation of RV Park Fund I. The goal is to build a portfolio of outdoor resorts that meet the definition of being best-in-class.
2022 began an expansion into ground-up multifamily development. The first project building 8 additional units onto an existing 40-unit multifamily project in Three Oaks MI.
Joel is happily married and has three children: Amelia, Maybelle, and Jonathan. The family enjoys spending time traveling the country in their RV, at the beautiful beaches along Lake Michigan, skiing in the winter, spending time outdoors, and tending to their small farm in LaPorte IN.
Photo: Crystal Lake Apartments in Iron Mountain MI. Purchased in 2016 and successfully exited in 2021.