Stonewell Capital LLC — Hemal Joshi

Commercial Real Estate.
Built on Conviction.

Sourcing, structuring & acquiring commercial real estate across the US market.

Stonewell Capital is a private real estate investment platform focused on direct asset acquisition, equity partnerships, and deal sourcing — with a disciplined approach to capital allocation and long-term value creation.

Get in Touch Our Focus

US & UK

Portfolio

400+

Units

25+

Years Investing

Investment Focus

Where We Concentrate Capital

Stonewell Capital targets select asset classes where we have deep market knowledge, reliable operator relationships, and a clear thesis on risk-adjusted return. We are disciplined allocators — not generalists.

Industrial Flex

Small-bay industrial flex assets in high-demand US corridors. Direct acquisition and JV structures at $1.5M–$5M.

Multifamily

Equity positions in institutional-quality multifamily assets across high-growth US markets with experienced operating partners.

Senior Living

Demand-driven senior housing assets with proven operators across Florida and Texas, benefitting from strong demographic tailwinds.

Commercial & Mixed-Use

Income-producing commercial assets with stable long-term tenancy. Active portfolio across the US and UK.

Hemal
Joshi

Managing Partner — Stonewell Capital LLC

About

Built on 25 Years of
Real Capital at Risk

Hemal Joshi is a private real estate investor and founder of Stonewell Capital LLC. Originally from the UK, Hemal relocated to Florida in 2025 after building a substantial property portfolio across London and the South East of England, spanning commercial assets, HMOs, and residential holdings accumulated over more than 25 years.

Hemal founded Stonewell Capital to pursue direct commercial real estate acquisition in the US — with a focused interest in industrial flex — while maintaining an active portfolio of partnerships across multifamily, senior living, and industrial assets.

Having structured investments across multiple entities and tax jurisdictions and operated on both sides of the Atlantic through multiple market cycles, Hemal brings a perspective that few US-based investors can match.

25+ years as a property investor — residential, co-living & commercial

Partner across 400+ units in US multifamily and senior living

Cross-border US/UK investment structuring & tax compliance

Actively targeting industrial flex acquisitions, $1.5M–$5M

Current Portfolio

Active Partnerships
& Acquisitions

Stonewell Capital holds positions across a range of commercial real estate assets in both the US and UK — spanning direct ownership and strategic investment partnerships. Each position reflects a deliberate capital allocation decision and a long-term view on the underlying market.

Senior Living

Florida — Sarasota, Lakeland, Brandon, Orange City173 beds · 4 sites

Texas — New Braunfels60 beds

Multifamily

Texas — Houston200 units · 2 sites

Industrial Flex

Virginia — Norfolk25,632 sq ft

North Dakota — Williston40,032 sq ft

UK Property Portfolio

A mix of co-living, apartments and commercial property across London and the South East

Our Approach

Disciplined by
Design

Every capital allocation decision at Stonewell is governed by the same principles: deep market knowledge, conservative underwriting, and relationships built on integrity.

Rigorous Underwriting

We stress-test every deal across multiple scenarios before committing capital. Assumptions are conservative; expectations are clear.

Operator-Led Network

Deal flow comes from direct broker and operator relationships — not platforms. We prioritise off-market and proprietary access.

III

Aligned Incentives

We invest our own capital alongside partners. Skin in the game isn’t optional — it’s the foundation of every structure we enter.

Transparent Communication

Partners deserve clarity at every stage. From initial underwriting to ongoing updates, we communicate proactively and honestly — including when things don’t go to plan.

Invest With Us

Partnering with Accredited Investors

Stonewell Capital offers co-investment opportunities to a select group of accredited investors alongside our direct acquisition activity. Our focus is on straightforward structures, clear communication, and deals where our own capital is committed alongside yours.

We keep our investor group small and relationships direct. Every opportunity is presented with full documentation and legal counsel in place — no shortcuts, no ambiguity.

If you are an accredited investor and would like to learn more about current or future co-investment opportunities, reach out directly.

This is not an offer to sell or solicitation of an offer to buy any security. Any future offerings will be made only to accredited investors in accordance with applicable securities laws and with full legal documentation in place.

Asset Classes

Industrial flex, multifamily, and senior living. Assets we understand, have capital deployed in, and have relationships with proven operators across.

Deal Structure

Private placement structures for accredited investors. Conservative underwriting, clearly defined return profiles, and full transparency on fees and promote.

Our Commitment

We co-invest in every deal we bring to partners. Our capital goes in alongside yours — same terms, same risk, same upside.

Who We Work With

Accredited investors seeking passive exposure to commercial real estate. We keep our investor group small and relationships direct — no intermediaries.