Rocky Mountain West  ·  Riverfront Development

Where Land, Water,
and Legacy Intersect

We invest in irreplaceable riverfront land and create premium residential assets designed for long-term value and discerning buyers, anchored by world-class fly fisheries, iconic landscapes, conservation potential, water rights, and enduring demand.

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The Company

A Land Investment Platform Built Around Exceptional Water

Current & Stone Capital is a land investment platform focused on premium river frontage in the Rocky Mountain West. We specialize in properties defined by exceptional fly fishing—rivers where hatches, structure, and seasonal rhythms create some of the most sought-after water in North America.

i.

Acquire exceptional water on legendary Western fisheries

ii.

De-risk through permitting, entitlement, and design

iii.

Partner with aligned investors to realize full value

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What's Inside

Six entry points into how we invest, what we own, and who we partner with.

The Opportunity

Henry's Fork of the Snake

One of the most technically revered dry fly fisheries in the world, trading at a meaningful discount to Teton-area comps. The arbitrage window is real — and narrowing.

Read the Opportunity → Our Approach

Acquire. De-Risk. Partner.

A repeatable five-stage framework for sourcing irreplaceable riverfront, removing entitlement risk, and bringing in aligned capital at the right moment.

See the Approach → Track Record

Six Meadows Ranch

A completed Montana riverfront investment: ~$3.1M invested, ~$7.7M total value created, ~2.5x equity multiple, ~20% IRR over a six-year hold.

View the Case Study → For Investors

Structured for Alignment

LP capital enters post-permitting, after the execution risk is largely removed. Co-investment in every deal. Target 15–18% IRR on 4–5 year holds.

Investor Strategy → For Brokers

An Active, Motivated Buyer

Defined acquisition criteria, equity-backed, and decisive. We close on the right water and build long-term relationships with brokers who source it.

Broker Page → Resources

Insights & Analysis

Articles and analysis on fly fishing real estate, conservation easements, water rights, and riverfront investment in the Rocky Mountain West.

Browse Resources →

A Different Kind of Asset

"A great piece of river is not defined by acreage alone."

How fish hold in the current How light hits the water at evening How a hatch progresses through a season How rarely access changes hands

These are assets that reveal their value over time and hold it.

Philosophy

The most valuable land in the West shares three characteristics.

Water
Access
Irreplaceability

In fly fishing, the difference between average water and exceptional water is subtle, but permanent.

Current & Stone Capital exists to own and develop the latter.

The Team

Built by
people who do this.

Nick Yorchak

Nick Yorchak

Founder & Principal

Nick Yorchak is the Founder and Principal of Current & Stone Capital. He began his career as founder of Big Footprint, a digital marketing agency that was subsequently acquired, giving him an operator's understanding of how to build, de-risk, and exit a platform.

For the last eight years, Nick has been directly involved in fly fishing property development through the Six Meadows Ranch project on the Boulder River in McLeod, Montana, a riverfront land investment that generated ~$7.7M in total economic value (net of transaction costs) on ~$3.1M of invested capital, delivering a ~2.5x multiple and ~20% IRR across a six-year hold. Current & Stone Capital is the formalization of that thesis into a repeatable strategy.

An avid angler and conservationist, Nick brings a firsthand understanding of what makes Western riverfront land irreplaceable and what buyers in this market are actually seeking.

Background Founder, Big Footprint (acquired digital marketing agency)
Track Record Six Meadows Ranch, McLeod MT — 6-year hold, ~2.5x equity multiple, ~20% net IRR
Focus Rocky Mountain West riverfront — Henry's Fork, Boulder River, Yellowstone corridor
Interests Fly fishing, conservation, Western land stewardship

 

 

Logan Todd

Logan Todd

Broker & Partner

Logan Todd is the Broker and Owner of Sonny Todd Real Estate, based in Big Timber, Montana. A fifth-generation Montanan with roots in agriculture and Western land, Logan carries forward a family legacy in ranch brokerage that runs deeper than credentials. It runs through the land itself.

Licensed since 2013 and operating in one of the most competitive ranch markets in the West, Logan brings an intimate understanding of how exceptional riverfront and recreational properties are priced, positioned, and transacted. He knows the buyers, the comps, and the relationships that move the kind of assets Current & Stone Capital pursues.

Brokerage Sonny Todd Real Estate — Big Timber, Montana
Licensed Montana Real Estate Broker since 2013
Specialty Ranch, recreational, and riverfront properties — Rocky Mountain West

 

 

Sakal Heng

Sakal Heng

Strategic Advisor

Sakal Heng is the General Counsel and Head of HR at GOLFTEC, based in Englewood, Colorado. He manages legal matters, governance, risk, and compliance for the company. He has been recognized for his work in expanding legal departments and supporting organizational growth.

Sakal brings the kind of institutional legal and governance rigor that sophisticated investors expect, covering deal structuring, risk management, and compliance. An outdoorsman and fly fisher, he brings a personal understanding of the asset class alongside his professional expertise.

Role General Counsel & Head of HR, GOLFTEC — Englewood, Colorado
Expertise Legal, governance, risk management & compliance
Interests Fly fishing, outdoors, Western land

Partner With Us

A limited number of seats.
Uncommonly scarce assets.

A premium riverfront investment platform

We work with a select group of investors who value disciplined execution, thoughtful development, and ownership of truly scarce river assets. Request access to current and upcoming opportunities.