A Regulation D private placement targeting passive cash flow and equity appreciation through a diversified portfolio of professionally managed Idaho short-term rentals.
Gem State Capital Fund II is a private real estate investment fund structured as a limited liability company. Accredited investors contribute capital as limited members, and Gem State Capital serves as the managing member responsible for all acquisitions, operations, and asset management.
The fund targets [X]–[X] short-term rental properties across Idaho's highest-demand tourism markets, including Sun Valley, McCall, and Coeur d'Alene. Each property is acquired below market, professionally designed and furnished, and managed using a proprietary dynamic pricing system.
Investors receive quarterly cash distributions from net rental income throughout the hold period, with a full return of principal plus profits at the fund's exit — whether through individual asset sales, a portfolio refinance, or a bulk institutional sale.
This offering is made pursuant to Regulation D, Rule 506(b) of the Securities Act of 1933 and is available to accredited investors only. This page does not constitute an offer or solicitation.
All projections are targets only and are not guaranteed. Past performance does not predict future results.
Gem State Capital manages all operations as the General Partner. Investors participate as Limited Partners with no management obligations.
Accredited investors wire capital into GSC Fund II, LLC and receive a membership interest proportional to their contribution. Minimum: $[XX,XXX].
Gem State Capital sources, underwrites, and acquires STR properties in Idaho. Each acquisition is vetted against strict cash flow and appreciation criteria.
Our team handles furnishing, listing, guest communications, dynamic pricing, cleaning, and maintenance. You receive monthly performance reports.
Quarterly distributions are paid via ACH from net rental income. At exit, remaining equity is distributed after preferred return and capital repayment.
From close to exit, here's how the fund progresses over its projected hold period.
Capital raise completes. Subscription agreements executed. Funds wired and held in escrow pending first acquisition.
[X]–[X] target properties acquired across Idaho STR markets. Furnishing and listing completed within [X] weeks of close.
Properties operate at full capacity. Quarterly distributions paid to investors. Monthly reporting sent via investor portal.
Portfolio sold individually or in bulk. Net proceeds distributed after preferred return, return of capital, and carried interest.