Viking Acquisition Overview
We have seen dramatic improvement in the commercial real estate market since 2008. However, a still-recovering economy and a relatively tight credit market has created opportunities to add value to underperforming properties.
Since 2008, Viking Partners’ primary target has been seizing the opportunity to acquire Value- Add Properties. We project that the next five years will continue to offer similar opportunities for Viking to acquire a diverse mix of real estate assets, including: shopping centers, office buildings, warehouse and flex space and non-performing, performing whole loans, and foreclosed real estate owned (REO) assets. Additionally, with the tight credit markets we expect that there will be an opportunity for us to provide equity to quality developers that will offer our investors excellent returns.
Our experienced team is built to overcome challenges such as high vacancy, tenant lease issues or deferred maintenance that would deter other buyers.
Unlike larger, institutional investors, Viking is able to be flexible in meeting a seller’s needs, which offers us an advantage during competitive bid negotiations.
We are currently offering select shopping centers and properties for sale.