INVESTMENT, ASSET & PROPERTY MANAGEMENT 

 

US & Europe: Multifamily Property & Student Housing Investment Strategies

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• We identify and acquire well-located and well-constructed assets below replacement cost.

• We typically target more newly constructed core and multifamily communities as well as core-plus communities that are generally 10 – 20 years old or newer including property portfolios that may additionally possess value-add potential.

• Invest in regions with positive job & population growth, corporate expansion or relocation with convenient access to transportation.

• Depending upon the economic cycle or current conditions, we gravitate to “renters by choice.”

• Cure any deferred maintenance as applicable and implement consistent preventative maintenance programs.

• Institute and execute strategic renovation & cap-ex programs as required.

• Achieve rental growth through value-add strategies and other operating initiatives.

• Implementation of VDB’s myriad of asset and property management policies designed to preserve the asset’s longevity, provide greater service to our residents and the community within and to increase both revenues and overall value.

• Remain nimble and flexible and always be prepared to exit our investment via a capital event which includes a refinance, a recapitalization, or a third-party sale.

• We target properties, depending upon the specific housing sector, with minimum leveraged internal rate of return thresholds of 10.0% to 12.0% for core assets and to 14.0% to 16.0% core-plus and more value-add workforce housing communities.

• Generally, we forecast a five to seven-year investment holding period, however we position our holdings to respond to changes in the market conditions and to the desires of our partners.
   

US & Europe: STNL Property Investment Strategies

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• We identify and primarily acquire well-located and well-constructed office and logistics assets below replacement cost occupied by industries which demonstrate both growth and continued demand with tenants demonstrating a strong operating history as well as portfolios of credit tenant facilities that house their respective operations.

• We typically target newly constructed large core-like STNL properties and facilities, however we additionally acquire properties or portfolios that present above market returns that are generally occupied by less credit-rated tenants that have business platforms that meet the needs of the current, near and long term economy.

• Overwhelmingly, acquiring assets located in regions with positive job & population growth, corporate expansion and relocation while providing convenient access to modes of transportation.

• Remain flexible and always be prepared to exit our investment via a capital event which includes a refinance, a recapitalization, or a third-party sale.

• We target properties with minimum leveraged internal rate of return thresholds of 9.0% for core-like assets up to 13.0% for core-plus properties occupied by lesser credit rated tenants.

• Generally, we forecast a five to seven-year investment holding period, however we position our holdings to respond to changes in the market conditions and the investment programs of our partners.

 

Historical Investment & Management Highlights

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• Over $4.5 billion has been dedicated to the multifamily, condominium and commercial property sector since 1983.

• More than 50,000 rental and condominium units as well as millions of square feet of shelter-styled & commercial properties have been purchased, renovated, managed and sold since 1983.

• We are a proven Industry leader with an enviable track record across our various investment holdings and property & asset management platforms; we have successfully navigated through numerous economic cycles domestically & internationally over five decades domestically and three decades internationally.

• We have delivered excellent leveraged returns on our investors’ equity with primary focus to current cash-on-cash returns.

• The VDB platform’s principals have executed on more than $500 million in value add-renovations and both development and redevelopment initiatives on over 200 multifamily and condominium communities as well as including a multitude of office, retail, industrial, medical/healthcare, student, senior living and hospitality properties since 1983.
   

​EUROPE INVESTMENTS & MANAGEMENT HISTORY

The shaded area in blue denotes the countries where the platform has invested or managed property assets and corporate platforms

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​Europe: Investments will be considered in all property sectors depending upon the specific region within a country and each respective region’s economic dynamics. You may find more information at www.tvoeurope.com. 

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