01. BLUE CAPITAL · 37 PARKS · 16 STATES · 506(c)

A 10% preferred return paid quarterly from 37 RV parks across 16 states.

An institutional-grade RV park investment fund built for accredited investors who want quarterly cash flow, roughly 100% first-year bonus depreciation, and exposure to a fragmented $20 billion outdoor hospitality market.

FIG. 01BLUE CAPITAL RV FUND · 2026
37 PARKS · 16 STATES $250M AUM
Blue Capital RV Fund37 RV parks · $250M AUM · 2026 series
Preferred
10%
paid quarterly
Target IRR
25%
on the fund
Minimum
$100K
accredited only
I. THESIS $20B FRAGMENTED MARKET · 11M FULL-TIME RVers
2026 INVESTMENT THESIS

The asset class institutional capital still cannot reach.

RV parks are a $20 billion outdoor hospitality market that institutional capital has spent two decades watching from across the street. Eleven million full-time RV residents. A $140 billion travel industry behind them. And ownership still dominated by single-operator mom-and-pop sponsors who cannot scale acquisitions and cannot survive a refinance cycle.

Blue Capital was built specifically to roll up that fragmentation. We acquire independent parks at 8 to 10% cap rates, install our own operating team through Streamside Management, and lift net operating income by 20 to 40% through pricing, occupancy, and ancillary revenue improvements that any institutional operator would consider routine.

That single discipline, repeated 37 times across 16 states, is what generates the 10% preferred return paid quarterly and the roughly 100% first-year bonus depreciation our accredited investors collect today.

2.01 · Market size
$20B

Outdoor hospitality, still single-operator owned across most regions.

2.02 · Demand pool
11M

Full-time RV residents in the United States, growing post-2020.

2.03 · Acquisition cap
8–10%

Cap rates at the single-park acquisition layer Blue Capital targets.

2.04 · NOI lift
20–40%

Operating uplift Streamside Management routinely delivers post-close.

II. THE OFFERING Reg D Rule 506(c) · Accredited only · $100K min

A single fund. Quarterly cash flow underneath.

Blue Capital Fund LLC is a Reg D Rule 506(c) limited partnership for accredited investors. The capital stack pays a 10% annual preferred return distributed quarterly, targets a 25% IRR on the headline, and passes through close to 100% of the invested capital as a first-year tax write-off via accelerated bonus depreciation.

2.01
FundBlue Capital Fund LLC · Reg D 506(c) limited partnership
$100K min
accredited investors only
2.02
Preferred returnPaid before the GP participates in upside
10%
distributed quarterly
2.03
Target IRRProjected at the fund level over the hold
20–30%
25% headline projection
2.04
Tax efficiencyCost-segregated accelerated bonus depreciation
~100% Y1
first-year write-off
2.05
Hold periodStrategy designed for institutional rollup exit
Per PPM
disclosed in subscription docs
2.06
AdministrationInvestor portal, operations, and asset management
SponsorCloud
+ Streamside Mgmt
III. THE TRACK RECORD Operating today · Audited by SponsorCloud

The platform is already live and scaling.

Blue Capital is not a paper fund seeking its first acquisition. The operating platform, the asset management arm, and the in-house origination team are already running 37 parks across 16 states and distributing cash flow today.

RV Parks Operating
37
acquired, stabilized, distributing
States
16
geographic diversification across the platform
AUM
$250M
under management, $45M additional under contract
Investor depreciation
$60M+
generated for LPs through accelerated cost segregation
IV. THE PRINCIPAL John Cascarano · Founder · Nashville TN
JC
FIG. 04 · Principal
John Cascarano
Founder · Duke BA · Michigan Law JD · Former AmLaw 100 commercial real estate attorney · EO Nashville

Most institutional capital ignores the small independent RV park because it is too fragmented to scale through a single acquisition. We built Blue Capital specifically to roll up that fragmentation into one accredited investor vehicle paying quarterly distributions from cash flow.

John Cascarano · Founder, Blue Capital Fund LLC · Joined by Rich Turasky (40+ operating companies, former Tiger 21) and Erik Fordyce (20 years finance, former VP Corporate Finance GE Capital and MUFG, $1B+ transactions structured) on the principal team.
V. SCHEDULE 15-minute walkthrough with investor relations

Schedule with the GP.

Fifteen minutes with Blue Capital investor relations. Walk through the current fund vintage, the geographic mix across the 37 parks, and the bonus-depreciation timing for accredited investors looking to close before year end.

What you walk away with
  • The current vintage breakdown across 16 states and 37 operating parks
  • The 10% preferred quarterly distribution mechanic in plain terms
  • Year-1 bonus depreciation modeling at your own ticket size
  • The path from accreditation confirmation to subscription documents
  • Access to the SponsorCloud investor portal for ongoing reporting