Viking Capital, February 2021 Newsletter
We are elated to enter 2021 both healthy and excited for the amazing year ahead, as Viking Capital continues to navigate the ever changing course of the pandemic, vaccination progress, and as always, our prime focus is our investors, residents, employees and preservation of capital.
“Your greatest awakening comes, when you are aware about your infinite nature.” Amit Ray
Viking is proud to share the closing of Marbella Place Apartment Homes, a 368unit complex located in Stockbridge, Georgia. Delivered in 1999, the property is primed in the highly desired suburb of Stockbridge, GA located just 19 miles south of Atlanta, GA. Marbella Place is surrounded by dynamic demand drivers including Hartsfield Jackson International Airport, the #1 busiest airport in the world (6 miles), the ever expanding Piedmont Henry Hospital (7 min drive), in addition to the rapid growth of e-commerce bolstering big-box warehouse demand in South Atlanta.
To those who joined us on this investment, we want to thank you for your trust and support as we welcome you to the next level of wealth creation!
The triple bottom line has always been a driver of Viking Capital, as we commit to focusing as much on social and environmental, we will continue to support those is need and make an impact for change. From healing and educating to feeding the hungry and providing relief in times of crisis, the charitable arm at Viking will continue to support those in need and make an impact for change.
Your donation makes a meaningful difference for some of the poverty-stricken people in the world. If you are interested learning more about where and how you can donate, click the link below.
WHERE TO INVEST IN REAL ESTATE: THE 10 HOTTEST TECH MECCAS BEYOND SILICON VALLEY
The nation is 10 months into a forced work-from-home experiment, and for most industries the jury is still out as to whether this will replace (or permanently alter) inperson office work. But for tech companies, the verdict is in: Remote work isn’t going away. In this article Fortune weighs eight metrics, including tech job availability, tech job growth, forecasted home price appreciation, home affordability, and population growth to determine which cities will thrive in both tech and real estate.
Over the course of the pandemic, home prices in tech hubs and non–tech hubs alike have surged as older Americans have stayed put—thus restricting supply— and buyers jumped at historic low interest rates. Frank Nothaft, chief economist at CoreLogic, told Fortune he expects housing to stay hot for all of 2021.
HOW TO INVEST IN YOUR FIRST MULTIFAMILY INVESTMENT
READY TO START BECOMING AN ACTIVE INVESTOR?
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BOOK OF THE MONTH
AM I BEING TOO SUBTLE
By: Sam Zell
“Risk is the ultimate differentiator. I have always had a deep and complex relationship with it. I am not a reckless person, but taking risks is really the only way to consistently achieve above-average returns—in life as well as in investments.”
“Reputation is your most important asset. Everything you do, everything you say, is a part of the permanent record. Your name reflects your character.”
“Where there is scarcity, price is no object. This basic tenet of supply and demand would later become a governing principle of my investment philosophy.”
Did You Miss Out? Join Us on Our Next Deal!
Viking Capital’s next deal will be coming online within 6 weeks and we would love you to join us before we are oversubscribed! If you would like to join us on our next elite investment opportunity, click the link below:
Viking Capital deals have consistently oversubscribed on the past 14 deals, and Marbella Place was no exception. With the overwhelming response we received for this project, we encourage everyone to join our VIP list above as we look forward to creating ongoing wealth with you. We are happy to welcome new investors to the Viking Capital team and appreciate the hundreds of investors who continue to invest with us.
Vikram Raya and Ravi Gupta