Newsletter December 2023

Newsletter December 2023

As we reminisce on the past year and set intentions for the upcoming year, we extend our heartfelt gratitude to all our investors for placing your trust in Viking Capital. We take pride in our commitment to enhancing the communities we acquire, while providing stable returns to our investors, and sincerely appreciate your continued support.

Contrary to popular belief we believe the New Year is NOT time for resolutions. We’ve found that most resolutions come down to two things: habits and impulse control. Ultimately, how well you manage both of those things in your daily life determines your success.

When you create alignment of your goals and actions building long-term wealth is inevitable.

How to use the concept of wealth creation in 2024: 

🗝️ Investing is trading today’s cash flow for future cash flow.

🗝️ Taking cash flow and reinvesting for compounded wealth.

🗝️ Harvest future losses for tax arbitrage.

🗝️ Master diversification and compounded wealth through action, and intention.

In preparation for Q1, Viking Capital is working on new and improved investor reporting, as well as regular town halls where investors will receive regular updates from our asset manager and can ask any questions they may have. 

In the meantime, if you have any questions, do not hesitate to reach out to our Investor Relations Team

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

The S&P 500 surged almost 1.4% post the December release of the Federal Reserve’s quarterly projectionturning around from a previously flat trajectory. This notable upswing, bringing the index to its highest level since January 2022, reflects the influential role of the Fed’s guidance on market dynamics.

The responsiveness of the market suggests a bullish sentiment, with the Fed central bank’s signals as supportive of economic growth and market expansion. 


🔑Fed’s Forward Guidance: The Federal Reserve’s Open Market Committee signaled the potential for three rate cuts in the upcoming year.

🔑Swift Pivot in Outlook: The Fed’s stance has rapidly shifted to align with market expectations, projecting a median Fed fund range of 4.50% to 4.75% for the next year. This marks a notable change from Chair Powell’s recent indication that it was premature to speculate on lower rates.

🔑Multifamily: This is an increasingly opportunistic time for multifamily. We predict 2024 to be the year for increased transactional volume, and with lower rates and cashflow, higher returns to our investors

Join Viking Capital and Marcus & Millichap’s lead economist for a riveting 2024 Market Forecast Podcast Episode where we discuss:

  • 2024 real estate trends, market predictions and key investment strategies to deploy this year.
  • Identify strategic investment opportunities for medical professionals in emerging markets and niche sectors.
  • Explore the impact of technological advances on real estate, with practical advice on leveraging innovations.
  • Navigate uncertainties in the 2024 market with risk management tips and resilience strategies.

Viking Capital is proud to have continued to bring our investors opportunities with great returns, during a low-volume transaction time.

✅Average occupancy among all units is above 93%.

✅Average collections among all units are above 95%.

✅In 2023 we transacted on three deals and acquired 628 units.