This month Viking Capital closed on our 27th acquisition, Villas at Sundance. Advancing our 2024 goal, “The Road to a Billion,” we’re on track to reach the $1 billion mark in assets under management.
This year is about maintaining momentum and driving growth for the Viking team and more importantly, our investors.
We’re excited about what’s ahead in the second half of the 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.
As always, if you have any questions, do not hesitate to reach out to our Investor Relations Team.
Onward & Upward,
According to the Wall Street Journal, KKR has completed its largest-ever acquisition of apartment buildings, marking a significant boost of confidence in the multifamily housing market. This $2.1 billion deal includes 18 new mid- and high-rise buildings.
What This Means for Investors:
- Increased Confidence in Multifamily Housing: Prominent investment firms like KKR are betting on a broad rebound in the multifamily housing market.
- Nationwide Investment Opportunities: This acquisition spans key markets across the U.S., highlighting the potential for growth in diverse geographic areas.
- Validation of Multifamily Investments: The scale and scope of KKR’s purchase underscore the value and resilience of multifamily assets.
- Positive Market Sentiment: Such significant investments signal a strong and optimistic outlook for the multifamily sector, aligning with Viking Capital’s strategic vision.
The Federal Reserve has announced that it expects to cut interest rates only once in 2024 due to persistent inflation concerns. Despite leaving its benchmark rate unchanged, policymakers are waiting for more concrete signs that U.S. inflation is truly cooling.
What this Means for Investors:
- While we wait for rate cuts we plan to buy properties at severe discounts.
- While others are on the sidelines waiting it out, we’re propelling our portfolio forward with plans to exit high.
With home prices soaring, many individuals, especially millennials—the prime renter age group—are finding it increasingly unaffordable to purchase a home. As a result, the demand for rental properties is surging. We find this especially true for cities right outside of primary markets where renters can find high quality assets, convenient access to the city, with affordable rent options.
Viking Capital’s acquisition of 2,635 doors in the Sun Belt is driven by the exceptional opportunity to leverage this remarkable growth trajectory. The region’s strong population expansion, alongside rising rental demand, positions it as an optimal market for secure and profitable investments, and will continue to outperform in 2024.
Because of the stability of multifamily as an asset class, we find that even during volatile markets it remains resilient in:
- Capital Protection: Safeguard your wealth with a stable and resilient asset.
- Passive Income: Enjoy monthly passive income streams that can last a lifetime.
- Appreciation: Benefit from consistent value increases over time.
- Tax Advantages: Take advantage of significant tax write-offs.
- Leverage: Utilize good debt to maximize your investment potential.
- Inflation Hedge: Protect your investments from inflationary pressures.
- Proven Reliability: Rely on an asset that has stood the test of time.
- Accessible Financing: Easily secure loans to fund your investments.
- Scalability: Effortlessly expand your portfolio.
- Resilience: Invest in an asset that is hard to disrupt
Join Viking Capital’s latest podcast episode where we discuss how to adapt to various market cycles, and have an investment portfolio that will counterbalance volatility in any market cycle.
- 94% average occupancy across the portfolio
- 5-7% rent renewal increases on average
- Promotional health & wellness enhancements and community events across all properties.
