Caddis Capital LLC
Caddis Capital Investments is a privately held Littleton, Colorado-based real estate investment manager founded in 2006 that provides private investors, RIAs, family offices, and institutional clients with access to income-oriented investments in manufactured home communities, self-storage, parking facilities, and student housing via its fund platform.
- Company typePrivate
- Founded2006
- HeadquartersLittleton, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Caddis Capital LLC does
Caddis Capital Investments, LLC is a privately held real estate investment management firm founded in 2006 and headquartered in Littleton, Colorado. The firm provides private investors with access to income-oriented real estate investments concentrated in four non-core asset classes: manufactured home communities, self-storage, parking facilities, and student housing. Its stated investment approach is opportunistic, targeting off-market acquisitions of under-performing or value-add assets in supply-constrained markets, with an emphasis on capital preservation, low leverage, and recession resilience.
The firm operates a unified investment platform that houses multiple fund vehicles, including the Trico Family of Mobile Home Community and RV Park Funds, which channel capital into Caddis's chosen asset classes. Revenue is generated through traditional fund economics — management fees and carried interest on committed investor capital — though no AUM, fee schedule, or fund minimums are publicly disclosed. The customer base spans individual private investors, RIAs, family offices, and institutional clients, with capital placement functions housed in a dedicated Capital Markets Division.
The firm is led by Founder & Managing Partner Tery Larrew, Partner Ian Dickinson, COO/CFO Stephanie Scherpenseel, and Executive VP of Capital Markets Dan Mercer. The senior leadership team carries prior CEO and CFO experience across multiple operating companies and sectors, and partners commit personal capital alongside external investors as an alignment mechanism. No technology platform, proprietary AI/ML capabilities, or digital product surface is disclosed; the business is fundamentally a relationship-driven, judgment-led investment manager.
Caddis Capital LLC firmographics
Firmographics- Name
- Caddis Capital LLC
- Legal name
- Caddis Capital Investments, LLC
- Website
- https://caddiscapitalinvestments.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Caddis Capital Investments is a privately held Littleton, Colorado-based real estate investment manager founded in 2006 that provides private investors, RIAs, family offices, and institutional clients with access to income-oriented investments in manufactured home communities, self-storage, parking facilities, and student housing via its fund platform.
- Ownership category
- akta.pro rank
Caddis Capital LLC industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)
Keywords
Where Caddis Capital LLC is headquartered
LocationHeadquarters
- HQ city
- Littleton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Caddis Capital LLC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Distribution channels1 record
Caddis Capital LLC product offering
Product offeringCore offering
Caddis Capital Investments is a private investment management firm that provides private investors with exclusive access to income-oriented real estate investments. The firm focuses on four asset classes: Manufactured Home Communities, Self-Storage Units, Parking Facilities, and Student Housing, deploying capital through fund vehicles such as the Trico Family of Mobile Home Community and RV Park Funds. The strategy targets off-market, under-performing assets in supply-constrained markets with a value-add approach emphasizing capital preservation and cash yields.
Product overview
Caddis Capital Investments is an actively managed investment firm that provides private investors with exclusive access to unique, income-oriented real estate investments. The firm operates a single unified investment platform offering multiple asset classes including Manufactured Home Communities, Self-Storage Units, Parking Facilities, and Student Housing. These products are structured through various fund vehicles, including the Trico Family of Mobile Home Community and RV Park Funds, which enable capital deployment into recession-resistant assets at discounts to replacement costs with value-add potential.
Differentiator
Problem solved
Functional benefit
Products and services
- Manufactured Home Communities Income-producing manufactured home community investments that generate cash yields with significant equity appreciation potential through value-add strategies, structured for private investors via Caddis fund vehicles.
- Self-Storage Units Income-oriented self-storage unit investments focused on capital preservation and cash flow generation in supply-constrained markets, offered to private investors through Caddis fund vehicles.
- Parking Facilities Recession-resistant parking facility investments targeting high-quality assets at significant discounts to replacement costs in demand-driven markets, offered to private investors through Caddis fund vehicles.
- Student Housing Student housing real estate investments providing consistent cash-on-cash income paired with equity growth through strategic geographic market selection, offered to private investors through Caddis fund vehicles.
- Trico Family of Mobile Home Community and RV Park Funds A family of investment funds focused on mobile home communities and RV parks, managed by Caddis Capital Investments for institutional clients, family offices, and RIAs. Equity is placed into these funds through the firm's Capital Markets Division led by Executive Vice President Dan Mercer.
Companies that use Caddis Capital LLC
Customer profileSegments1 record
Ideal customer profiles2 records
Caddis Capital LLC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Caddis Capital LLC partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights3 records
Caddis Capital LLC competitors and assessment
Company assessmentDirect peers
- Sun Communities: Public REIT specializing in manufactured housing communities and RV parks. Direct competitor in the same niche real estate asset class that anchors Caddis's Trico fund family.
- Equity LifeStyle Properties: Public REIT focused on manufactured housing communities and RV resorts. Closely comparable operating model and asset focus to Caddis's mobile home/RV strategy.
- SmartStop Self Storage: Publicly-traded self-storage REIT and fund manager. Direct peer to Caddis on the self-storage vertical, using a value-add acquisition and management strategy in supply-constrained markets.
- American Campus Communities (now Blackstone): Premier student housing owner/operator (acquired by Blackstone). Closest direct peer to Caddis's student housing strategy, with similar value-add underwriting approach.
Regional players
- Preferred Apartment Communities (Blackstone affiliate): Non-traded REIT raised via advisor channel with multifamily focus. Comparable capital-raising architecture and value-add operating strategy relevant to Caddis's RIA distribution model.
Broad incumbents
- Extra Space Storage: Large public self-storage REIT and operator. Overlaps directly with Caddis's self-storage vertical but at much greater scale and broader geographic footprint.
- Kennedy Wilson: Global real estate investment manager with value-add funds across multiple property types. Comparable opportunistic, off-market deal sourcing strategy and LP base, though at much larger AUM scale.
Emerging players
- BlueRock Residential Growth REIT: Externally managed multifamily REIT distributing to retail and RIA investors via non-traded structure. Comparable non-traded specialty-RE platform with similar LP acquisition model to Caddis.
- KBS Real Estate Investment Trust: Non-traded REIT sponsor raising capital from RIAs and advisors for value-add commercial real estate. Comparable distribution model to Caddis's RIA/family-office channel, including Dan Mercer's prior affiliation.
- Store Capital (now Oak Street/Oaktree): Net-lease and specialty real estate investor distributed through advisor channels. Comparable non-traded specialty-RE platform sold through RIAs, mirroring Caddis's distribution approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Caddis Capital LLC social profiles
Digital presenceCaddis Capital LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caddis Capital LLC leadership team
Management profileNumber of profiles
Profiles4 records
Caddis Capital LLC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caddis Capital LLC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caddis Capital LLC
What does Caddis Capital LLC do?
Caddis Capital Investments is a private investment management firm that provides private investors with exclusive access to income-oriented real estate investments. The firm focuses on four asset classes: Manufactured Home Communities, Self-Storage Units, Parking Facilities, and Student Housing, deploying capital through fund vehicles such as the Trico Family of Mobile Home Community and RV Park Funds. The strategy targets off-market, under-performing assets in supply-constrained markets with a value-add approach emphasizing capital preservation and cash yields.
Is Caddis Capital LLC a public or private company?
Caddis Capital LLC is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Caddis Capital LLC founded?
Caddis Capital LLC was founded in 2006. It employs 1 to 10 people.
Where is Caddis Capital LLC based?
Caddis Capital LLC is headquartered in Littleton, United States, in the North America region.
Who are Caddis Capital LLC's main competitors?
Direct peers on record are Sun Communities, Equity LifeStyle Properties, SmartStop Self Storage and American Campus Communities (now Blackstone). Preferred Apartment Communities (Blackstone affiliate) is listed as a regional player. Broad incumbents are Extra Space Storage and Kennedy Wilson. Emerging players are BlueRock Residential Growth REIT, KBS Real Estate Investment Trust and Store Capital (now Oak Street/Oaktree).
Does Caddis Capital LLC have an API?
No public API is recorded for Caddis Capital LLC.
What industry is Caddis Capital LLC in?
Caddis Capital LLC's product category is Real Estate Investment Management. Its primary akta.pro industry code is FSANAEAO, Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE). Its NAICS code is 5259 and its SIC code is 6799.