Metastone Capital Group · Real estate investingInvestors
Falls Park and downtown Sioux Falls at dusk

Real estate investment
across the Upper Midwest.

We acquire, improve, and operate
multifamily and self-storage properties.

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Metastone at a glance.

By the numbers
Assets under management
$50M+Reported assets under management.
Units & spaces
975Apartment units and self-storage spaces.
Completed business plans
2Completed property business plans.
Equity invested
$8M+Reported equity invested.
01 / The firmLong-term focus

Real estate is the asset.
Trust is the foundation.

Metastone Capital Group is a privately held real estate investment firm. We acquire, improve, and operate properties with an enduring focus on people, performance, and stewardship.

Get to know the firm
Aligned capitalDisciplined execution
Market intelligence

A research tool.
Built for investors.

Compare markets. Research properties. Evaluate opportunities.

Sioux Falls housing indicators, metro comparisons, historical trends, and a captured 3D research view—all in one place.

Explore Metastone Markets Get free Sioux Falls market updates
Metastone Markets3D research preview
Actual Sioux Falls parcel research preview from Metastone MarketsExplore the data
02 / Selected properties

A portfolio with purpose.

Selected properties from the Metastone portfolio. Storage spaces and apartment units are distinct asset measures.

03 / Investment philosophy

Principled by design.
Built to perform.

We seek real opportunities with a clear thesis, disciplined underwriting, and a hands-on plan for creating long-term value.

Our investment philosophy
Mountain peaks in the evening light
A long-term perspective.
01 / ALIGNMENT

Invested alongside you.

We bring our own capital to the table and align incentives from the beginning.

02 / DISCIPLINE

Thoughtful acquisitions.

We favor careful underwriting and clear, supportable business plans.

03 / EXECUTION

Active stewardship.

Value is created with attentive operations, not just on the day we buy.

04 / PARTNERSHIP

Built on transparency.

Clear communication and strong relationships remain central to our work.

Aligned partnerships. Lasting value.

04 / Our leadership

Relationships lead.
Everything else follows.

05 / Latest insights

From the field.

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Let's build what lasts

Strong investments begin with stronger conversations.

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Who we are

Built through partnership.

Four partners. A shared conviction. A long-term commitment to doing the work and doing it well.

Our story

Legacy isn't given.
It's built.

Metastone began with four friends who believed that real estate could create meaningful value for investors and the communities around them. From sourcing early off-market opportunities to acquiring and managing multifamily assets, the firm has grown through hands-on experience and a shared commitment to excellence.

Today we bring an ownership mindset to every decision. We focus on selective opportunities, disciplined execution, and lasting relationships with the people who place their trust in us.

Our vision goes beyond any one property. We aim to build a company that creates value over decades.

Our guiding belief
“The best partnerships are grounded in aligned interests, honest communication, and the willingness to do the hard work.”
How we operate

The values that shape us.

01

Integrity

Being accountable to our promises, our partners, and our communities.

02

Ownership

Operating with care and commitment at every stage of the investment.

03

Focus

Staying selective about where we invest our time and capital.

04

Longevity

Building systems and relationships for the long term.

Meet the people behind the firm.

Get to know the partners responsible for the work.

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Our investment focus

A thesis backed by action.

Thoughtful acquisitions, hands-on improvements, and operational discipline are the foundations of how we seek to create enduring value.

Our approach

We believe value is created through execution.

We target real estate opportunities where strong fundamentals and a clear operating plan intersect. We evaluate downside scenarios, study local market conditions, and look for assets where targeted improvements can strengthen the ownership experience and operating performance.

  • Disciplined underwriting and stress testing
  • Clear plans for operational improvement
  • Direct ownership oversight and vetted partners
  • Transparent reporting and communication
Where we focus

Real assets.
A focused approach.

Multifamily communities and self-storage, approached with the same discipline and hands-on ownership.

Explore the portfolio
01Multifamily communities
Haus Apartments in Bismarck, North Dakota
Haus Apartments · Bismarck, ND

Apartment communities where careful acquisitions, targeted improvements, and attentive operations can create lasting value.

Our portfolio includes communities in Sioux Falls, Brandon, and Bismarck.

02Self-storage
Storage buildings at Cornerstone Storage in Sioux Falls
Cornerstone Storage · Sioux Falls, SD

Practical real estate serving local storage needs, with a focus on the details of day-to-day operations.

Cornerstone Storage has 570 storage spaces and was acquired in March 2026.

Ownership plan: acquire, improve operations, strengthen the property, then evaluate holding or selling. Outcomes and timing are not guaranteed.
Investor questions

A few things worth knowing.

How does property income become potential distributions?
Rental income after vacancy and collection losses supports operating expenses, debt payments, capital work and reserves before potential distributions. Conceptual only; no allocation or payment order shown.
Why plan separately for operations and replacements?
Recurring operations include utilities, maintenance, insurance and taxes. Future replacements include roofs, building systems and equipment. Reserve needs vary by property and financing terms.

Responses are general informational content, not investment, tax, or legal advice. Terms depend on each offering.

Explore the properties behind the plan.

See the places, asset types, and ownership stages.

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Haus Apartments in Bismarck, North Dakota, with illustrative evening lighting
The Metastone portfolio

Real assets.
Lasting value.

Explore our multifamily and self-storage properties.

Explore properties
Haus ApartmentsBismarck, ND · MultifamilyView property Photo with illustrative evening lighting

Browse properties

Explore the assets

Property by property.

8 properties

Acquisition and sale dates reflect historical property records. Month-only dates do not specify a closing day. Storage spaces are not apartment units.

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Our leadership

The people behind the work.

Metastone is built on shared ownership, enduring relationships, and a team that believes in getting things done.

The partners

Partners in every sense.

Get in touch

Let's talk about what's possible.

See our approach in practice.

Explore how we evaluate and operate real estate.

Explore our strategy
Investors

Your investor portal.

Access your existing investor account or get in touch with the Metastone team.

Existing investors

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Continue to AppFolio Investment Manager to access your existing Metastone investor account.

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Let's connect

Let's talk about
what's next.

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Aerial view of Mesa Heights apartments in Sioux Falls
Mesa Heights · Sioux Falls, SD
945 South Marion Road, Suite 201 · Sioux Falls, SD 57106
From the field

Insights.

Updates from our portfolio and perspectives on the work behind real estate investing.

Meet the properties behind the stories.

Explore the assets featured across our portfolio.

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← All insightsCompany News

Introducing Cornerstone Storage.

How a second-place offer became a Sioux Falls self-storage acquisition, and the operating plan behind its next chapter.

Storage buildings at Cornerstone Storage in Sioux Falls, formerly Oscar’s Mini Storage. Company photograph.
Storage buildings at Cornerstone Storage in Sioux Falls, formerly Oscar’s Mini Storage. Company photograph.

The opportunity came back

Metastone initially finished second in the sale process for Oscar's Mini Storage. The seller selected another buyer. When that transaction did not close, the seller came back to us and the opportunity reopened.

What followed was another round of negotiations and a detailed review of the property and business. We signed purchase agreements on January 5, 2026, and completed the acquisition in March. Today, the property operates as Cornerstone Storage.

Buying the property and the business

Located at 2209 W. 5th Street in Sioux Falls, South Dakota, Cornerstone includes self-storage spaces, climate-controlled storage, commercial warehouse space and vehicle parking.

The acquisition covered both the underlying real estate and the operating storage business. Along with the buildings, the transaction included leases, tenant records, equipment and digital assets. Our due diligence examined how the facility operated, from the rent roll and collections to access controls and the condition of the property.

A plan for the next chapter

The business plan focused on modernizing day-to-day operations: online leasing and payments, clearer tenant records, and improvements to gate access and camera systems. Planned property work also included lighting, signage, curb appeal and better use of the commercial warehouse space.

Those priorities shaped the acquisition and the transition to Cornerstone Storage. The property is now an active investment in the Metastone portfolio. Visit its portfolio page for current property details, or connect with our team to learn more.

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