Building Wealth, One Investment at a time

Fletcher Cove Capital connects accredited investors with ground-up development opportunities offering strong preferred returns and target IRRs in the high teens to low 20%.

Fletcher Cove Capital helps place capital for some of the largest multifamily and single-family homebuilders in some of the strongest real estate markets in the country.

Why Fletcher Cove Capital?

10+ years

in the Real Estate Industry

3 states

with Active Projects

$150M+

Capital Placed

200+

Accredited Investors

20%+

Target IRRs

12+

Full-Cycle Projects

Our “done for you” services include

  • It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.

  • It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.

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  • Item description

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Why We Invest in San Diego, Salt Lake City & St. George

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Why We Invest in San Diego, Salt Lake City & St. George ⚫

San Diego County, CA

San Diego County remains one of the most attractive markets in California due to its high barriers to entry and constrained supply. Limited land availability and strict entitlement processes help preserve long-term property values. The region benefits from a diverse economy anchored by biotech, defense, healthcare, and tourism, creating a stable employment base. With strong in-migration and lifestyle appeal, San Diego continues to show consistent demand for both residential and commercial assets.

Salt Lake City, UT

Salt Lake City has become a magnet for population growth, attracting residents from higher-cost states seeking affordability and quality of life. The city’s pro-growth policies and favorable tax environment make it one of the most business-friendly metros in the nation. Economic diversity is a key driver, with expanding tech, finance, and outdoor recreation industries strengthening the market. Combined with rising demand for housing and commercial space, Salt Lake City provides a compelling environment for long-term investment.

St. George, UT

St. George is among the fastest-growing small metros in the U.S., driven by strong in-migration of retirees, young families, and remote workers. Its year-round warm climate and proximity to national parks fuel both tourism and lifestyle-driven demand. Compared to larger metros, St. George offers more affordable land and a supportive development environment. These factors create a unique opportunity for ground-up projects that benefit from sustained demographic and economic growth.

Recently Completed Projects

  • Purchase Price: $635,000

    Existing Units: 1

    Added Units: 3

    Cost to Build: $1,040,231

    Sale Price: $2,550,000

    Project Return: 232%

    Year Sold: 2023

  • Purchase Price: $729,000

    Existing Units: 1

    Added Units: 3

    Cost to Build: $886,480

    Sale Price: $2,650,000

    Project Return: 334%

    Year Sold: 2023

  • Purchase Price: $889,000

    Existing Units: 2

    Added Units: 2

    Cost to Build: $1,156,000

    Sale Price: $3,200,000

    Project Return: 182%

    Year Sold: 2022

  • Purchase Price: $550,000

    Existing Units: 1

    Added Units: 2

    Cost to Build: $481,562

    Sale Price: $1,660,000

    Project Return: 81%

    Year Sold: 2022

Invest Where Experience Meets Opportunity

Join a growing network of accredited investors focused on high-return development opportunities in thriving Western U.S. markets.