Viking Capital Newsletter- December 2024

As we ring in the New Year, Viking Capital reflects on an incredible 2024, celebrating the completion of five acquisitions—a testament to our team’s hard work and strategic vision. Looking ahead to 2025, we are setting ambitious goals with plans to secure eight deals, leveraging refined strategies to capitalize on emerging opportunities.

With the economic landscape primed to enhance the value of multifamily investments, we’re thrilled about the potential this year holds for Viking Capital and our investors. Here’s to a prosperous 2025!

Viking Capital ended the year tremendously with not one, but two closings in December. We closed on The Townhomes at BlueBonnet Trails as well as Avondale Hills.

These mark our 28th and 29th investment offerings, and Viking Capital officially has $1.02 Billion in Assets Acquired.

In addition to two successful closings, the entire Viking team came together for our annual EOS meeting in Orlando, Florida.

These meetings allow our Directors to collaborate with their departments, setting goals and tactical responsibilities to keep driving progress and achieving departmental objectives, as well as spend time celebrating our wins for the year.

During this celebration, we were thrilled to promote Chris Parrinello, our Director of Investor Relations, to Vice President of Investor Relations. We’re incredibly grateful for the hard work Chris and his team do in supporting our investors, raising capital, and contributing to Viking‘s ongoing growth trajectory.

As we consider the year ahead we would love to hear from you! We strive to create content you want to hear and bring you acquisitions you want to invest in. Help us do the best for you this coming year with a brief survey.

We wish you abundant blessings, health, and prosperity in the New Year!

As always, if you have any questions, do not hesitate to reach out to our Investor Relations Team.

Onward & Upward,

As we enter 2025, the latest insights from Moody’s and GlobeSt highlight the continued resilience of the multifamily sector, showcasing its ability to outperform other commercial real estate sectors in terms of NOI growth and stability.

Key Takeaways:

Lower rates will provide more favorable financing conditions, driving demand and strengthening the sector’s position in the evolving real estate landscape.
Multifamily properties saw a 61.5% post-GFC NOI increase, far outpacing the 26.7% growth in core commercial sectors, positioning multifamily for greater impact in 2025.
Despite broader market challenges and rising operational costs, multifamily shows greater stability, with fewer properties seeing severe income disruptions

Strong Job Growth = Strong Multifamily Demand!

The job market continues to thrive in 2024, with an impressive 200,000 new jobs added monthly and historically low unemployment rates. As more people enter the workforce, demand for quality rental housing continues to rise, especially in thriving multifamily markets.

For multifamily investors, this robust job growth signals sustained renter demand and an opportunity to secure stable, high-performing investments. Don’t miss out on the benefits of a strong labor market driving the multifamily sector forward!

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