As we reminisce on the past year and set intentions for the upcoming one, 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.
What this means:
🗝️ Atlanta Housing’s formal collaboration with developers to revitalize a portion of the Atlanta Civic Center aligns with Viking Capital’s commitment to strategic investments in areas undergoing transformative development, showcasing our foresight in selecting promising locations.
🗝️ With 1.8 million square feet of new mixed-use development, including a school, the Civic Center’s transformation offers potential advantages for Viking Capital Investors’ portfolio in Atlanta.
🗝️ As a multifamily investment company with a presence in Atlanta, we anticipate that the comprehensive redevelopment plan will contribute to the overall enhancement of the neighborhood, positively impacting the value and appeal of Viking Capital Investors’ properties in the area.
Whether you’re a T.Swift fan, or not, she is rising in real estate debuts for owning over $150M in her real estate portfolio, one venture includes luxury multifamily condos in Tribeca, New York.
The rising trend of famous figures, professional athletes, and celebrities investing in multifamily, speaks to the value of diversification in any financial portfolio.
As we prepare for Q1, Viking Capital is working on new and improved investor reporting, as well as regular town halls where investors will get Zoom 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 all a happy holiday season and prosperity into the New Year.
Onward & Upward,
In October, 54,000 home sales fell through as buyers pulled out of transactions. However, the continuing shifts in the housing market keep rental demand strong. This makes investments in multifamily properties continuously stable and profitable.
As the year concludes, the industry finds itself at a crucial juncture, with leaders optimistic about a potential recovery in 2024.
🔎 Looking Forward:
- 2024 could be a turning point for the CRE market, contingent on interest rate trends.
- “Moving forward, real estate investors must focus on genuinely creating value rather than relying on the financial mechanisms that previously drove the market. This change signals a new era in CRE where skillful, value-driven investment strategies will become paramount for success.”– CRE DAILY
- With Viking Capital’s clear value-add business plan, we believe that creating value on our property and within the communities we elevate will continue to drive NOI.
- With increasing debt coming due within multifamily, and decreasing property values, now is the time, as much as ever, to consider shifting focus to preferred equity and opportunity funds.
In October 54,000 home transactions unraveled as buyers withdrew. The ongoing dynamics of the housing market sustain a robust demand for rental properties, establishing multifamily investments as a consistently stable option.
Join our final webinar of 2023 on December 6th at 7 PM ET.
Viking Capital is pleased to announce our guest host, Brandon Hall, CPA, join us to discuss the power of tax arbitration.
Key Takeaways:
- Top 3 wealth destroyers
- How passive investing benefits your taxes
- Brandon’s most-asked tax questions
- How to offset passive losses for increased tax benefits
- The power of depreciation for your taxes
*BONUS* Get your tax questions answered LIVE when you submit a question after you register!
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 is above 95%.
✅In 2023 we have served a total of 1,061 investors.
Stewart’s Mill has a closing date arriving soon! This value-add investment opportunity is filling up quickly, fund now to secure your investment.
