Partnership Solutions for
Developers & Operators
Capital partner for developers and operators across the Southwest and Mountain West.
We're Actively Seeking Deals
VAC typically takes a co-GP role. LP, JV, and structured equity are available where the deal warrants it.
We invest across asset classes: industrial, retail, office, mixed-use, multifamily, and land.
What Sponsors Ask Us
What is your typical capital stack size?
$5M to $50M, with flexibility on both ends for the right deal.
What returns do you target?
8–12% preferred returns to capital with ~20% sponsor equity, adjusted to deal risk.
What project types do you pursue?
Ground-up development, value-add acquisitions, and entitlement plays. Creative structures considered.
Which markets?
Primary: Nevada, Arizona, Utah, Hawaii, Southern California. Opportunistic in Florida and the Midwest.
What role do you typically take?
Most commonly co-GP. LP, JV, and structured equity also available.
What do you look for in sponsors?
Track record, clear business plan, aligned economics, and hands-on operator involvement.
This site does not constitute an offer to sell or a solicitation of an offer to buy any securities. Such an offer may only be made through a Private Placement Memorandum (“PPM”) to accredited investors who meet certain qualifications. All investing involves risk, including the possible loss of the money you invest, and past performance does not guarantee future performance. Securities are not FDIC insured. Investments are not guaranteed by VAC Development.