Fund Management
16+ years
Sustainable Real Estate Development
4
Sustainable Real Estate Funds
300+
Third Party Certified Sustainable Homes Delivered
$250m+
Developed Asset Value
The Douglas Fir Fund: Investing in a Unique Niche of Real Estate
The Douglas Fir Fund is Cambia Capital’s fifth sustainable real estate fund, a $200M vehicle focused on expanding housing supply while seeking to deliver risk-adjusted returns. Partnering with best-in-class developers, the fund invests in a diversified portfolio, primarily targeting Missing Middle Housing, alongside single-family detached and low-rise multifamily projects.
Market Opportunity
Missing Middle Housing represents a growing segment, supported by favorable regulatory trends and an evolving demand for walkable, well-located housing options.
Sustainability-Driven Approach
The fund prioritizes sustainable development strategies, with the objective of improving building efficiency, long-term resilience, and resident well-being.
Investment Strategy
With a 5-to-7-year fund life, the Douglas Fir Fund is structured with the objective of generating cash flow distributions and recycling capital throughout its investment period.
All investments involve risk, including the potential loss of capital. Past performance does not guarantee future results.
Experienced Fund Managers
The principals are co-founders and former executives of the vertically integrated sustainable real estate development and construction technology company, Green Canopy NODE.
Over 16 years, they raised and managed over $100m in corporate and project related debt and equity and successfully developed and capitalized four real estate investment funds.
With experience successfully navigating through multiple market cycles, the principals see this as a strategic time for investment.
Development Experience + Access to Best-in-Class Developers
The Cambia Capital team brings a unique skill set in underwriting and investing in sustainable projects. As former developers of over 300 sustainable homes, they possess deep real estate expertise and understanding of the complexities of development.
Over the years they have gained unique access to third-party certified and mass timber real estate projects.
Investment Strategy
-
Equity and Debt
Douglas Fir Fund invests equity and occasionally debt into residential real estate developments across the country, with a focus on the Pacific Northwest.
The Fund does not take on entitlement risk and invests at the time of building permit approval.
-
Project Types
Douglas Fir Fund invests in multi-unit residential real estate projects that go beyond current code to a third party certified, sustainable standard.
-
Development Partners
The Fund works with sophisticated development teams and sponsors.