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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:

  1. Lower rates will provide more favorable financing conditions, driving demand and strengthening the sector’s position in the evolving real estate landscape.
  2. 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.
  3. 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!
🎙️ Tune into Viking Capital‘s wealth {un}filtered. – Cutting Through the Noise to Deliver Real Investment Expertise!

  • New Episodes Every Month: Dive into expert insights, latest market trends, and actionable wealth-building strategies.
  • Engaging Interviews: Learn from top industry pros as they break down real-world financial applications.
  • Stay Ahead: Get the knowledge to make smart financial moves and keep pace with today’s dynamic market.

Listen to all of our episodes HERE.
Top 10 Investment Mistakes & How to Avoid Them
Join us LIVE on January 8th at 7 PM ET. 

We will be discussing :

  • Development and capital timelines
  • How to invest in this deal using your IRA or 1031 Exchange
  • Why we selected Phoenix for this opportunity
  • The benefits of new development for portfolio diversification

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This article is intended for informational and educational purposes only and is not intended to provide, and should not be relied on, for investment, tax, legal, or accounting advice. The information is provided as of the date indicated and is subject to change without notice. Viking Capital does not have any obligation to update the information contained herein. Certain information presented or relied upon in this article may come from third-party sources. We do not guarantee the accuracy or completeness of the information and may receive incorrect information from third-party providers. All tax strategies discussed herein involve complex rules and regulations. Investors should consult with qualified tax, legal, and financial advisors before implementing any strategy.

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