As 2024 winds down, Viking Capital proudly marks the achievement of completing five acquisitions this year—a true reflection of our team’s dedication and strategic focus. With our sights set on eight deals in 2025, we are refining our strategies to seize new opportunities in an economic climate that we believe will further elevate the value of multifamily investments, creating exciting prospects for both Viking Capital and our investors.
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.
A retired boxing legend is making waves in real estate with a $402 million contract to purchase a 1,000-unit affordable housing portfolio in Upper Manhattan. This acquisition, one of New York City’s largest multifamily deals of the year, underscores the growing appeal of multifamily investments for portfolio diversification.
While celebrities tend to gravitate toward flashy ventures, this move highlights the long-term value of stable, income-generating real estate assets.
Viking Capital has released a Q2 Multifamily report, further highlighting the stability of multifamily in various regions throughout the U.S.
Inside you will discover:
- Regional Analysis
- Key Market Trends for Q3
- Economic Conditions and Forecast
One of Viking Capital’s core values is a help first mindset, and one of the ways that we accomplish that is through charitable giving.
All year long, Viking Capital puts money aside with the sole purpose of charitable donations.
We have three charities that we donated to this year–EcoDrive, One Tree Planted, and Magic Bus.
As always, if you have any questions, do not hesitate to reach out to our Investor Relations Team.
Onward & Upward,
Twenty days after the presidential election, the CRE market is starting to see the ripple effects of a Republican trifecta.
According to John Chang of Marcus & Millichap, key policy shifts—including potential tax law extensions, trade tariffs, and immigration reforms—are already influencing interest rates and shaping investor sentiment.
While uncertainty remains around how and when these policies will roll out, long-term demand drivers like housing shortages and consumer financial stability continue to support the market’s foundation.
Key Takeaways:
- Tax Policy in Focus: The extension of the 2017 Tax Cuts and Jobs Act, set to expire in 2025, could create significant changes for the CRE industry.
- Inflation Concerns: Tariffs and immigration policy shifts may drive inflation, potentially pushing up CRE financing costs.
- Interest Rate Recalibration: Expectations for Federal Reserve rate cuts have softened, with fewer reductions likely by mid-2025.
Want to dive deeper? Watch John Chang’s video for expert insights on what the post-election landscape could mean for CRE investors.
The Sun Belt continues to dominate multifamily growth, driving national apartment supply in 2025. Texas metros like Dallas, Austin, and Houston lead the charge, delivering 14–27K units each. Other booming Sun Belt markets, including Charlotte, Raleigh, Atlanta, and Orlando, are also benefiting from robust population and economic expansion.
While major metros excel in volume, smaller markets are achieving impressive growth rates. Asheville, NC, tops the nation with a 13.3% inventory increase, alongside rapid growth in Huntsville, AL, Wilmington, NC, Savannah, GA, and Myrtle Beach, SC, with inventory growth exceeding 7%.
Key Highlights:
- Sun Belt Leadership: The region remains a hotspot, fueled by job growth, affordability, and migration.
- Strong Supply Gains: Both large and small Sun Belt markets are delivering significant new units, reinforcing their appeal to renters and investors.
- 2025 Outlook: Supply pressures are expected to ease, with leasing conditions and rents stabilizing by spring, signaling a market recovery.
Operators and investors betting on Sun Belt growth are poised to capitalize on its strong fundamentals and resilient demand.
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Viking Capital is excited to announce the completion of major renovations at Elevate Huebner Grove, following similar upgrades at Greene and Kings Cove earlier this year.
These renovations are part of our ongoing efforts to enhance properties across our portfolio to force appreciation for our exits.
This December Viking Capital will be closing on both Avondale Hills and The Townhomes at BlueBonnet Trails. In the meantime, Peoria Gateway, our new construction in Peoria, Arizonais open for investment.
We’re looking forward to 2025 where we expect to have a new investment opportunity at the start of the New Year! Be on the lookout for New Deal Alerts.
