Kite (Kite Equity Capital Fund 1, L.P.; the “Fund”), created by Joshua Gurwitz, Erica England, and Alaina Gurwitz seeks to raise an initial $100 million of capital that will be used to lend debt to developers of luxury and ultra luxury single family residences in prime markets ranging from Aspen, Miami, The Hamptons and select locations in Connecticut. Through almost 20 years of ultra luxury single family, real estate investing, construction experience and risk management,, we offer the full package of custom tailored lending opportunities that match the needs of our borrowers.
We are aware of market risks through experience, knowledge, and creative solutions we have been able to successfully navigate our key markets where we continue to see value and opportunities. We firmly believe in the value of a great product to out perform the market.
The total U.S. luxury residential market stands near $290 billion as of 2025. Luxury single-family development, though not isolated in major estimates, clearly plays a sizable role—evidenced by nearly $1 trillion in single-family project value, much of which falls into the luxury price tier.
A reasonable inference is that the luxury single-family home development market in the U.S. is a subset of that large pipeline and could plausibly represent several hundred billion dollars in active development.
Careful asset selection has been the foundation of our business. Once the appropriate borrower and project is selected we are able to add our unique stamp of experience, investment and technology based project management tools and that commands the highest premium and maximizes our returns.
Through a series of integrated technology tools, Kite will help the borrower manage the acquisition, design and development process, including but not limited to real time project and schedule management, budget analysis and draw requisition, and insurance procurement and managmenet
The Fund prioritizes principal protection, as demonstrated by our unique approach that implements the use of maximum 70% leverage. While other Funds may maximize leverage, it is the GP’s opinion that those Funds’ unlevered returns do not match or exceed that of this fund and that such high leverage puts target returns and investor capital at risk, as evidenced by the current economic environment.
When an asset is fully realized within the development period, the GP will recycle those proceeds into new lending which will maximize returns.
It’s our experience being a borrower, we know being able to acquire property, begin the design and planning process, and even construct without waiting on traditional bank funding, puts the borrower and ultimately the Fund in an overall strategic advantage, reduces overall costs and streamlines the development process for the borrower. This will allow the Fund’s investment objectives to be executed in what we believe is the most efficient and safe manner possible.
We feel ultra luxury single family investments can better weather increases in interest rates and construction costs because the sales price per property is generally significantly higher then more traditional single family residences. In addition, generally speaking the buyers of such properties are significantly less affected by interest rate volatility as they have alternative sources for borrowing.
In conclusion, this Fund capitalizes on its founders’ expertise in the luxury residential home market and investment management, to deliver attractive risk adjusted returns to its investors. The Fund’s formation is the natural progression of the founders’ almost 20 years successful track record marked by no principal losses and a passion for excellence.