Capital partners
Partnering With Institutional and Private Capital in Multifamily Investments
VDB Asset Management invests in institutional-quality multifamily assets where refinancing pressure, ownership transition, or capital structure dislocation creates an attractive entry basis.
Who We Partner With
- Family offices
- Institutional investors
- Private equity
- Pension and retirement capital
- Insurance capital
- Registered investment advisors
- Wealth management platforms
- Strategic co-investment partners
Investment parameters
What VDB Targets
The real estate is often sound. The capitalization is not. That distinction defines the opportunity set.
- Class A multifamily
- Existing assets
- Post-2015 vintage where applicable
- 200 to 550 units where applicable
- Gateway and high-growth U.S. markets
- Capital structure distress
- Refinancing-driven situations
- Recapitalizations
- Ownership transitions
- Favorable basis relative to replacement cost
- Defined downside protection
Investment Discipline
Alignment
- Partnership structures
- Joint ventures, co-investment alongside a lead partner, programmatic arrangements, and single-asset partnerships.
- Capital deployment
- Capital is called at closing against a defined business plan. No blind pool, no fees on uncommitted capital.
- Sponsor co-investment
- Sponsor capital invests alongside partner capital in every transaction. Promote is earned after partner capital is returned with its preferred return.
- Principal involvement
- The principals underwrite, negotiate and oversee each investment directly.
- Conservative leverage
- Capital structures are sized to the asset's cash flow, not to a target return.
- Defined hold period
- Each investment carries a stated business plan and exit path.
- Institutional reporting
- Quarterly reporting against the original underwriting, audited annual statements and K-1s.
- Investor portal
- Secure access to partnership documents, statements and tax materials.
- Governance standards
- Institutional governance and controls applied from the first transaction.
Over their careers, VDB principals have invested alongside public and corporate pension funds, insurance companies, institutional investment managers, and family capital. These relationships were formed prior to and outside VDB Asset Management, and are shown as principal experience. They include:
Invest Alongside VDB
Capital formation is selective and handled directly by the principals.