01
Design
Architecture led by a principal
Every project starts with an architect who owns a piece of it. Buildings designed to be built well — and held for the long run, not flipped on a rendering.
Approach
Underwrite like owners. Build like it’s ours. Because it is.
Foxhaven exists because the usual model is backwards: the people taking the fees rarely carry the risk. We flipped it. Here’s how the machine works.
01 — First principles
A development deal has three jobs: design it right, build it right, and own it patiently. Most groups outsource at least two of the three.
We don’t. The architect is a principal. The builders are principals. The development manager is a principal. That means decisions get made by people whose own money rides on the answer — and problems get solved in one phone call instead of three contracts.
It also means we start small on purpose. Our first project is funded with principal capital. We’d rather prove the model with our own savings than someone else’s retirement.
02 — One roof
The full stack, no handoffs.
02
Build
Principal-led commercial construction
Construction runs through the commercial design-build firm our principals founded. The people pouring footings answer to the people who underwrote the deal.
03
Develop & hold
Foxhaven Capital
We manage the development, the budget, and the asset after stabilization. One team, accountable end to end, with equity on the line.
03 — What we look for
Our hunting ground.
- Geography
- Minnesota, with a focus on St. Cloud, Central Minnesota, and growing regional markets
- Product
- Ground-up multifamily (20–60 units) and select commercial development
- Basis
- Land and deals where our build capability creates the margin — not financial engineering
- Hold
- Long-term. We build to own, not to exit
04 — Straight talk on fees
Yes, we earn fees. Here’s why that’s good for you.
Foxhaven earns development and construction management fees on its projects — the same fees any developer would pay out to third parties. The difference: ours stay under one roof, attached to people who also hold equity. We don’t get paid to assemble a deal and walk; we get paid to deliver a building we then have to own.
When we open a project to investors, the structure, fees, and our own position are spelled out in plain English in the offering documents. If a deal only works because of the fees, it doesn’t work. We pass.