Groundbreaking August 20, 2015
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The JF Companies™

JF Capital is a boutique real estate investment management firm dedicated to delivering superior risk-adjusted returns to its clients and investors. JF Capital’s success is demonstrated by the $700 million of acquisitions and developments it has funded to date.

JF Capital is comprised of the following areas of focus:



JF Properties actively pursues opportunities to develop mid to large-scale multi-family rental projects. Currently, JF Properties has seven active apartment projects with approximately 1,200 units.

Senior Living


JF Senior Living has completed nearly $200 million of seniors housing acquisitions, creating a portfolio of dozens primarily assisted living and memory care facilities.

Land Co.


JF Capital’s development arm is focused primarily on land planning and entitlement of residential real estate, including apartments, assisted living and multi-family units.

Strategic Builders


JF Strategic Builders focuses on ideal locations, prime tenants and strong operating partners to create successful commercial developments.



JF Residential builds high-end resort homes and expansive master-planned communities in desirable locations with the highest quality of homes.



JF Lending is a private investment fund that provides financing for homebuilders, residential and commercial developers, and other real estate acquisition and development.

These related endeavors each play a prominent role in executing our investment strategies. By leveraging their collective strengths, we are able to provide our investors with increased real estate services, efficiency and profits.

The JF Advantage

The JF Advantage is the name for our disciplined approach to the investment process that mitigates risk while maximizing returns. This proven investment philosophy, combined with the resources of our affiliated entities, gives us the resources to move quickly and decisively in analyzing and consummating transactions.

With decades of experience in investment management and real estate development, JF Capital have the ability to analyze complex situations, cultivate solid relationships and implement strategies to unlock the true value of assets. Bottom line, JF Capital provides clients with unique opportunities, incisive transactions and excellent returns.

Investment Process

Underwriting &
Due Diligence

  • Perform 360° due diligence
  • Create detailed financial pro forma
  • Investment Committee approval

Structuring &

  • Optimize capital structure
  • Align interests with our investors
  • Utilize prudent leverage


  • Monthly review of asset financials
  • Quarterly reports to investors
  • Rigorous property management


  • Periodic hold/sell analysis
  • Time markets for max sales price
  • Cultivate institutional buyer interest


With more than 40 years of experience in investment management and real estate development, the principals of JF Capital have the ability to analyze complex situations, implement strategies to unlock the true value of assets, and cultivate solid relationships.

Steven Sandholtz


Steven M. Sandholtz began his real estate career in 1990 with Bechtel Investments Realty, a commercial real estate investment and management company based in San Francisco, California, serving as an asset manager for a multibillion-dollar real estate portfolio, consisting of office, retail and industrial properties. His investment experience began with the equity financing of two golf resort communities and continued with his joining Fremont Realty Capital (FRC), the real estate investment arm of an $11 billion private investment company. As a Principal of FRC, Steve was involved in establishing the firm's initial private equity offering, a $220 million real estate opportunity fund and was responsible for investments with market value in excess of $1.0 billion in a variety of sectors, but focused in seniors housing and multifamily.

Colin Wright


Colin Wright is the managing partner of Jack Fisher Homes. Prior to this, Colin was the Land Acquisition Manager and Area Manager for a large private homebuilder in the state of Utah. In 2011, Utah Business Magazine recognized Colin as being part of the lineup for its Forty under 40. In 2013, he was also included in Professional Builder Magazine’s 40 Under 40. Colin works closely with the University of Utah MRED program and often guest lectures in the real estate focused classes. Colin received a BS degree in Finance from the University of Utah and later obtained a Masters of Real Estate Development from Columbia University.

Owen Fisher


Owen J. Fisher is a founder and partner in JF Capital and Jack Fisher Homes. He has over 15 years of experience in advising affluent clients and family offices on the best ways to utilize, maximize and protect their wealth. Mr. Fisher started JF Capital as a way for his clientele to invest in private real estate and build this asset class in their portfolios through its accredited investments. He has co-sponsored/raised over $650 million in investments through his career. Owen received a BA from Weber State University and currently holds a Certified Financial Planner® designation.

Chad Bessinger


Chad W. Bessinger is an original partner in JF Capital and has excelled at growing the company’s land development division. He brings with him 10+ years of experience in the real estate industry in the area of underwriting, entitlement & planning, and development. Previous project involvement has included a variety of asset classes from commercial to multi-family and residential projects. Chad graduated from the University of Utah with a Bachelors of Science in Business Finance.

Adam Paul

Managing Partner - JF Capital Multifamily

Adam began his career in 1997, managing the analysis of senior housing portfolio acquisitions. More recently he has worked as managing director of Paul Partners, a development and investment firm active in Utah and Arizona, and as a partner with Alliance Residential Company, a nationally active apartment developer with over $1 billion in annual revenues. Over his career, he has directly managed the deal structuring, due diligence, entitlement, debt and equity arrangement, design and development, and exit strategies of commercial and residential projects valued over $300 million. He has worked in partnership with large real estate private equity firms now prequalified among several to participate as fund managers in the FDIC Legacy Securities Public-Private Investment Program.

Mr. Paul holds a BA from Brigham Young University and a Master's Degree in Real Estate Development from Columbia University.

Tyler Heath

Vice President of Land Finance

Tyler Heath is the Vice President of Land Finance at Henry Walker Homes. Tyler has been working in the financial and real estate industries for the past 14 years. He was a Financial Analyst for Goldman Sachs and Director of Due Diligence for Omni Brokerage/Orchard Securities. As an Investment Committee member, he made recommendations on the approval or disapproval of all offerings. Tyler also completed due diligence of over 400 private placements and public offerings representing over $16 billion in assets. Before coming to Jack Fisher Homes, Tyler was Project Manager at Candlelight Homes. He received both his Bachelors of Arts in Finance and his MBA from the University of Utah.

Glenn Girsberger

Vice President - Asset Management

Glenn has worked in the real estate industry for the past twenty-two years. He worked as a commercial acquisition / disposition officer for the Church of Jesus Christ of Latter-Day Saints and served as vice president of acquisitions, asset management and development for the commercial division of Ivory Homes. While with The Prudential Realty Group, he was responsible for all aspects of financial analysis, accounting and valuations for a portfolio of office, industrial, retail and multi-family assets. At R&B Realty Group, he was responsible for 21 multi-family assets with over 12,000 apartment units and at American Realty Advisors, he worked as a real estate investment advisor to major pension funds acting as a financial analyst, asset manager, portfolio manager and acquisitions officer.

He is currently a licensed real estate broker in California and Utah and has earned the designation of Certified Property Manager (CPM) from the Institute of Real Estate Management. Glenn received a Bachelor of Science degree from Brigham Young University in Business Management/Finance with minors in Accounting and Economics. Mr. Girsberger also attended Southwestern University School of Law.