Institutional capital
Institutional Partnerships in Multifamily
VDB works with institutional allocators seeking direct multifamily exposure created by capital structure conditions rather than broad market distress.
- Pension funds
- Endowments
- Insurance companies
- Private equity firms
- Fund managers
- Real estate investment managers
- Institutional allocators
- Transaction size
- Single-asset transactions sized for direct institutional participation, with programmatic capacity for repeat partners.
- Typical capitalization
- Conservative senior debt with common and preferred equity structured around the specific situation.
- Target hold period
- Defined hold with a stated business plan and exit path, generally five to seven years.
- Governance
- Major decision rights, defined approval thresholds and institutional governance from the first transaction.
- Asset management
- Active oversight of operations, capital projects and financing against the approved plan.
- Risk controls
- Basis discipline relative to replacement cost, conservative leverage, interest rate protection and defined downside cases.
- Due diligence process
- Physical, financial, legal and market diligence with third-party reports available to partners.
- Investment committee materials
- Full underwriting models, market analysis and structure memoranda supplied for partner committees.
Partnership structures, sponsor alignment and reporting standards