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We find opportunities hidden in underutilized real estate.

A private fund developing underutilized property in San Diego - built to run five years with a 2 year extension option

Built for people who trust

What we do

We develop what others pass over [undervalued, underused sites] and unlock their real value through disciplined redevelopment. Every deal is underwritten first, chased second. Fiduciary duty isn't a slogan: it's the filter everything runs through. 

How we invest 

Source

Off-market relationships surface deals before they're competitive. 

Underwrite
Develop

Every deal opportunity is stress-tested before capital moves. 

We reposition and rebuild each site for its best suited use.

Why San Diego

Land here is scarce and housing demand isn't going anywhere. Underutilized parcels carry outsized returns for investors willing to do the work others skip. 

5-7 yrs

Timeline

San Diego

Focused market

Investors

Friends & Fanmily

Who's behind it 

Yvett Vargas
Managing Director /
Tashi Capital Partners, LP
The fund's final approval authority on capital deployment and deal structure. Her role is governance-focused on ensuring every project clears underwriting standards and return thresholds before commitment.
GD Builders, LLC

General Contractor, Sponsor

Developing projects stems from years of construction for outside clients. A way to identify undervalued opportunities was identified by the team. A Partnership was the next natural step to integrate business strategy through alliances that unlock that value. 

Our Team.

Our team brings together deep experience in construction, investment, and strategic partnerships to identify opportunities and create lasting value. With a foundation built through years of developing projects for outside clients. 

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Our leadership team is focused on disciplined execution and thoughtful decision-making, ensuring every opportunity is rigorously evaluated against our underwriting standards and return thresholds before capital is committed.

Yvett Vargas

Managing Director

GD Builders, LLC

Sponsor, GC

Orlando Gracia

InvestmentAnalyst

Past Projects 

Explore a selection of our past concluded projects, highlighting our experience across acquisitions, development and value creation. Each project reflects our disciplined approach and commitment to creating long-term value for our investors.

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San Diego, CA

361 Woodman St. 

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Coronado, CA

Address

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Boston, MA

Address

Roadmap

1

Raising Capital

LP's subscribe to
our Private Offering

2

Property Acquisition

Underwritten before
transaction

3

Development

Viable # of units developed, exploiting SB79 transit preferrence

4

Disposition

Developments are brught to market. No long term holds.

5

Partners Distributions

Profits are split between sponsor and investors proportionately

Drivers

Execution

Renovation project will be handled y GD Builders.Yvett and Orly manage funding operations and management. Everything is transparent.

Location

Vital to developments - complying with our investment criteria (location, location, location), sourced properties will become manageable and profitable developments

Contingencies

We are confident market is good for this type of project. We have considered reduced optimism and still show promising results. See investor folder for further review. 

Investor Expectations

For our investors, there will be different resources meant to communicate project advancements and fund developments in a clear and flexible way. 

Simplified Return - For every 100,000 USD you invest, you will get back aproximately 130,000 USD

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Relations - As a partnership, open books and channels of communication are a vital part of building trust and long lasting endeavors

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Access to future projects - Continuation of our current fund, which is itself the next step from a construction business towards developing communities of our design

TBD - section name

This is a first time fund→ But the people running it have 20+ years of hands-on experience fixing up and managing properties like this.

Your money is tied up until we sell → We're upfront about that from the start — this isn't a savings account, it's a 6–24 month commitment tied to the property's timeline.

Permits/approvals can take longer than expected → We know this business well enough to plan around it — from the design phase, so it doesn't blindside the timeline.

Interest rates could move against us → We lock in rates where we can, keep any unused cash somewhere it still earns something, and build in a buffer so higher rates don't break the plan.

We can't promise exactly when or how the sale will go → We buy conservatively — with enough of a price cushion built in that we're protected even if the sale takes longer or goes for less than hoped.

Investment

Minimum buy-in is $100,000 USD, equivalent to 1 Investment Unit

in the Fund. 
 

Offering Closeout: MM/DD/YYYY

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