News By Tag
News By Location
Follow on Google News
Viking Partners Closes Fifth and Largest RE Fund at $130 Million
By: Viking Partners
Since closing its first fund in 2010, Viking has raised a total of $400 million, primarily from high-net-worth individuals. Just over 70% of investors in Fund V have invested in one or more of Vikings' previous funds, which in the aggregate have made approximately $1.2 billion in property acquisitions.
"In our experience, a changing market presents new opportunities, and we will continue to focus on real estate assets that will benefit through our hands-on leasing, management and/or redevelopment,"
Viking targets office/flex, multifamily, mixed-use, industrial, hotel and retail properties between $10 million and $50 million, as well as sub-performing or non-performing loans secured by those assets. Target markets include the Midwest, Southeast, Southwest and Mountain West United States.
Fund V has already acquired ~$91MM of assets, including Spartan Square, a Kroger anchored retail center, the firm's first retail investment since 2018.
ABOUT VIKING PARTNERS
Viking Partners was founded in 2008, and has raised approximately $400 million in equity, mostly from high-net-worth individuals that has resulted in the acquisitions of approximately $1.2 billion of real estate. Viking Partners is currently seeking acquisition opportunities in the Midwest, Southeast, Southwest, and Mountain West. For more information, visit (http://www.vikingpartnersllc.com).
DB&R Marketing Communications, Inc.