Kite Equity Capital Fund I, L.P. (the “Fund”), founded by Joshua Gurwitz, Erica England, and Alaina Gurwitz, is a sophisticated platform to streamline the borrowing and lending processes by offering a variety of solutions. We are targeting an initial raise of $100 million. The Fund’s strategy is to provide debt financing to developers of luxury and ultra-luxury single-family residences in premier markets, including Aspen, Miami, Palm Beach, The Hamptons, and other select locations in Connecticut and New York.
With more than 60 years of combined experience in ultra-luxury development, real estate investment, construction, and risk management, the principals bring a unique combination of market knowledge and execution capability. This background enables the Fund to structure bespoke lending solutions, anticipate and manage risk, and identify projects positioned to deliver superior outcomes. Our core conviction is that exceptional product consistently outperforms the broader market.
The U.S. luxury residential sector is valued at approximately $290 billion as of 2025. While luxury single-family development is not broken out in most industry estimates, nearly $1 trillion in single-family projects under development nationwide includes a significant share within the luxury tier. On this basis, we believe the luxury single-family market represents several hundred billion dollars in active development, underscoring a large and durable opportunity set for disciplined capital deployment.
Investment Philosophy
The Fund’s approach begins with careful borrower and asset selection. Once engaged, we enhance each project with a combination of strategic capital and technology-driven oversight. The Proprietary integration of various tools provide real-time schedule tracking, budget monitoring, draw requisition management, and insurance compliance. This integration allows Kite not only to provide funding, but also to support execution—creating efficiencies that reduce costs, accelerate timelines, and position projects for premium returns..
Capital Protection
Principal protection is central to the Fund’s strategy. We maintain a conservative maximum 70% loan-to-value (or, where appropriate, loan-to-cost) threshold. Unlike competitors that rely on higher leverage to drive returns, our approach emphasizes disciplined risk-adjusted performance. We believe this positioning provides stronger downside protection while still generating competitive unlevered returns—an advantage underscored by current market conditions. Realized proceeds will be recycled into new loans, compounding investor returns over the life of the Fund.
Strategic Advantage
Having operated as borrowers ourselves, we understand the importance of speed and certainty. Kite’s structure enables developers to acquire sites, advance design and planning, and begin construction without waiting for traditional bank financing. This agility provides a competitive advantage, reduces costs, and streamlines the development process—enhancing both borrower success and Fund performance.
Market Resilience
Ultra-luxury single-family projects are uniquely positioned to withstand rising interest rates and cost pressures. Their elevated price points allow developers to absorb incremental costs, while buyers in this segment typically rely less on traditional financing and are less sensitive to rate volatility. This dynamic provides further stability to the Fund’s portfolio.
Conclusion
Kite Equity represents the natural evolution of its founders’ 60-plus years of collective success in luxury development and real estate investing. With a track record marked by zero principal losses, deep domain expertise, and a passion for excellence, the Fund is positioned to deliver attractive, risk-adjusted returns to investors while filling a critical capital gap in the most resilient segment of the residential market.