LimeStone
LimeStone
Land acquisition, rental, and banking ahead of demonstrable demand.
Investment thesis
LimeStone provides comprehensive land acquisition, rental, and sales services designed to meet the needs of clients nationwide, streamlining land transactions through expert market valuation and tailored acquisition strategies. The company assembles residential, commercial, industrial, and transit-oriented land positions ahead of demand, then holds and monetizes them as markets mature. Land banking is a patient strategy that rewards selectivity in location and timing. As a higher-risk position within commercial real estate, returns reflect value creation across the development cycle, underwritten through disciplined valuation and capital management. The strategy compounds by acquiring well-located land before demand becomes evident.
What LimeStone operates
- Provides land acquisition consulting and brokerage services
- Structures flexible land rental agreements with customized terms
- Assembles residential and master-planned community land
- Acquires commercial, industrial, and transit-oriented parcels
- Holds and monetizes positions as markets mature
Fund architecture
LimeStone deploys investment capital through a consolidated stack of 8 platform funds, anchored by an originating Fund 0 vehicle and built out across Fund I through Fund VIII. Each fund targets a distinct sub-strategy within land & land banking, while operations and reserve funds provide platform infrastructure, liquidity, and co-investment capacity. The architecture concentrates capital in scaled vehicles and aligns terms to the cash-flow durability of each strategy.
| Fund | Strategy | Target size | Target return |
|---|---|---|---|
| Fund I | Residential and Master-Planned Community Land Assembly | $3.67B | 9% pref |
| Fund II | Commercial Development Land | $1.46B | 9% pref |
| Fund III | Industrial, Logistics, and Technology Infrastructure Land | $2.40B | 9% pref |
| Fund IV | Urban Infill and Transit-Oriented Development Land | $2.52B | 9% pref |
| Fund V | Premium Waterfront and Resort Destination Land | $1.26B | 9% pref |
| Fund VI | Public-Private Partnership Land Development | $1.38B | 9% pref |
| Fund VII | Land Development Infrastructure Financing | $1.50B | 9% pref |
| Fund VIII | Opportunity Zone Land Development | $805M | 9% pref |
In LimeStone we backed durable demand and disciplined operations. The thesis is simple: own essential assets, underwrite conservatively, and let recurring income compound.Slate Blue Capital Investment Committee
Talk to our investor relations team
For fund materials, capital account information, and partnership inquiries, reach Slate Blue Capital directly.
Contact Investor Relations