Viking Partners
Viking Partners is a Cincinnati-based private equity real estate investment firm that raises discretionary value-add and core-plus funds from high-net-worth individuals, has deployed $1.5B+ across 92+ properties in 23 states, and operates a vertically-integrated platform with in-house property and construction management.
- Company typePrivate
- Founded2008
- HeadquartersCincinnati, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Viking Partners firmographics
Firmographics- Name
- Viking Partners
- Legal name
- Viking Partners Management, Inc.
- Website
- https://vikingprt.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Viking Partners is a Cincinnati-based private equity real estate investment firm that raises discretionary value-add and core-plus funds from high-net-worth individuals, has deployed $1.5B+ across 92+ properties in 23 states, and operates a vertically-integrated platform with in-house property and construction management.
- Ownership category
- akta.pro rank
Where Viking Partners is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Viking Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fund Management Fees: Viking Partners generates management fees and carried interest from managing value-add real estate funds. The firm has raised nearly $400 million across 6 funds since 2008, including Fund V at $130 million.
- Property Acquisition and Disposition: The firm acquires, improves, and manages value-add real estate assets, generating returns through property appreciation, leasing, and eventual sale. Assets acquired in excess of $1.4 billion representing more than 10 million square feet.
- Asset Management Services: In-house property management, accounting, and construction management services for owned portfolio properties. Construction and property management teams oversee more than 4.2 million square feet of office, retail, industrial, and multifamily properties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Value-Add Fund V - Target returns through property improvement and repositioning |
| Subscription | Multi-year contract | Income Plus Fund I - Stabilized real estate for income-focused investors |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Viking Partners product offering
Product offeringCore offering
Viking Partners is a vertically-integrated private equity real estate investment firm that raises capital from high-net-worth individuals and institutional partners through discretionary value-add, core-plus, and development funds. The firm acquires, improves, and actively manages office, retail, industrial, multifamily, and hospitality properties across the United States, then returns capital to investors through sale. As of 2025, Viking has acquired more than $1.5 billion in assets and raised over $415 million in equity across six funds.
Product overview
Viking Partners operates as a vertically-integrated commercial real estate investment platform offering three distinct investment strategies: Value-Add (acquiring undermanaged assets through Fund V), Core+ (stabilized assets with focused asset management through Income Plus Fund I), and Development (new asset creation through developer partnerships). The platform encompasses direct ownership of office, retail, industrial, multifamily, and hospitality properties across the Midwest, Southeast, Southwest, and Mountain West. Core products include Fund V ($130M value-add fund), Income Plus Fund I ($19M stabilized fund), and a portfolio of 20+ direct ownership properties totaling millions of square feet. The firm provides in-house property management, construction management, and asset management services, allowing complete control over the investment lifecycle from acquisition through disposition.
Differentiator
Problem solved
Functional benefit
Products and services
- Value-Add Fund V Closed-end value-add real estate fund that acquires undermanaged, well-located A and B class commercial properties sized $10M to $75M+, repositions them through institutional management, leasing, and improvements, and returns capital to limited partners upon sale. Fund V closed at $130M in February 2022, the firm's fifth and largest value-add fund, with more than 70% of investors having participated in prior Viking funds.
- Income Plus Fund I Viking's first stabilized/core-plus real estate fund established in 2021 at $19 million raised, featuring stabilized assets with a long investment horizon and moderate leverage. Value is unlocked through focused asset management, tailored for income-focused individual investors.
- In-House Property, Construction, and Asset Management Services Vertically-integrated service capabilities that Viking brought in-house starting in 2017 (property management and accounting, followed by construction management), covering more than 4.2 million square feet of office, retail, industrial, and multifamily properties. These services support Viking's owned portfolio and are part of its asset management delivery to fund investors.
Quantifiable outcome
- $1.1 billion in sales volume with 70 assets sold and 6.8 million square feet transacted
- +2 more outcomes
Companies that use Viking Partners
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Viking Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Viking Partners partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Essential Growth Acquisition Properties (eGap)coreJoint venture partner for Spartan Square, a Kroger-anchored retail center in Salem, Virginia. Represents Viking's first retail investment since 2018 through a joint venture structure.
- North Beacon CapitalminorBuyer of Cole Center from Bancroft Capital and Viking Partners for $32.7 million in September 2022.
- Northpond PartnersminorChicago-based private equity firm acquired Randall Square Shops (54,174-square-foot outparcels) from Viking Partners in October 2024.
- CBREcoreCommercial real estate brokerage representing Viking Partners in leasing at Greenwood Corporate Plaza. Secured 55,000 square feet of new tenant leases including 25,060 square feet to SCRAM Systems. Represents property with prospective tenants.
- Cushman & Wakefield | Commercial KentuckycoreRepresented Viking Partners in sale of Hurstbourne Park and Hurstbourne Place office towers for $42.5 million. Craig Collins and Austin English brokered the transaction.
- Mid-America Real Estate CorporationcoreExclusive broker for sale of Randall Square in Geneva, Illinois. Principals Joe Girardi, Rick Drogosz, and Ben Wineman represented Viking Partners in the transaction.
- JLL (Jones Lang LaSalle)coreArranged sale of Cole Center on behalf of Bancroft Capital and Viking Partners for $32.7 million. Managing Directors Larry Thiel and Jason Schmidt led the transaction.
- Gola Corporate Real EstateminorConstruction partner for GHR Healthcare's headquarters build-out at Valley Square. Collaborated with Viking Partners on design and construction of 28,000 square foot office space.
- Shields ConstructionminorGeneral contractor for GHR Healthcare's headquarters project at Valley Square Office Park.
- Stockton Real Estate AdvisorsminorPartnership collaboration on GHR Healthcare's headquarters build-out at Viking's Valley Square property.
- RHJ AssociatesminorConstruction project partnership on GHR Healthcare headquarters at Valley Square Office Park.
- North Beacon CapitalminorAcquired Cole Center from Bancroft Capital and Viking Partners for $32.7 million in September 2022.
Scale indicators6 records
Recent moves12 records
Expansion highlights6 records
Viking Partners competitors and assessment
Company assessmentDirect peers
- Rockpoint Group: Rockpoint Group is a Boston/San Francisco-based private equity real estate investment firm focused on value-add and opportunistic strategies across U.S. commercial real estate, comparable to Viking in targeting undermanaged assets for repositioning.
- DRA Advisors: DRA Advisors is a New York-based real estate investment advisor running value-add and opportunistic funds for institutional and high-net-worth investors; it is also Viking's repeated JV partner, making it both a peer and a relationship anchor.
- Crow Holdings Capital: Crow Holdings Capital is a Dallas-based private real estate investment manager running value-add and core-plus strategies across office, multifamily, industrial, and retail for institutional and high-net-worth investors, making it a closely comparable mid-market peer to Viking Partners in strategy and LP base.
- Harrison Street Real Estate Capital: Harrison Street is a Chicago-based private real estate investment manager running value-add and development strategies in alternative property sectors (education, healthcare, storage), comparable to Viking in mid-market fund structure and vertically integrated execution.
- Lubert-Adler Partners: Lubert-Adler is a New York-based privately held real estate investment manager with value-add funds and JVs across retail, office, multifamily, and hotel, comparable in size, strategy, and vertically integrated operating model to Viking Partners.
- Taurus Investment Holdings: Taurus Investment Holdings is a Boston-based private equity real estate firm pursuing value-add investments across U.S. markets with institutional and high-net-worth capital, sharing Viking's mid-market, vertically integrated approach to commercial real estate.
- FCP (Frobose, Collins, Patterson): FCP is a privately held real estate investment firm headquartered in Washington, D.C. pursuing value-add strategies in multifamily, office, retail, and industrial for institutional and high-net-worth investors, comparable in fund size and target geography to Viking Partners.
- Northpoint Companies: Northpoint is a Kentucky-based private real estate investment and development firm with value-add and core-plus strategies across multifamily, mixed-use, and commercial properties in the Midwest and Southeast, with overlapping Midwest geography to Viking.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Viking Partners social profiles
Digital presenceViking Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Viking Partners leadership team
Management profileNumber of profiles
Profiles11 records
Viking Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Viking Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Viking Partners
What does Viking Partners do?
Viking Partners is a vertically-integrated private equity real estate investment firm that raises capital from high-net-worth individuals and institutional partners through discretionary value-add, core-plus, and development funds. The firm acquires, improves, and actively manages office, retail, industrial, multifamily, and hospitality properties across the United States, then returns capital to investors through sale. As of 2025, Viking has acquired more than $1.5 billion in assets and raised over $415 million in equity across six funds.
Is Viking Partners a public or private company?
Viking Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Viking Partners founded?
Viking Partners was founded in 2008. It employs 11 to 50 people.
Where is Viking Partners based?
Viking Partners is headquartered in Cincinnati, United States, in the North America region.
How does Viking Partners make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are property Acquisition and Disposition and asset Management Services.
Who are Viking Partners's main competitors?
Direct peers on record are Rockpoint Group, DRA Advisors, Crow Holdings Capital, Harrison Street Real Estate Capital, Lubert-Adler Partners, Taurus Investment Holdings, FCP (Frobose, Collins, Patterson) and Northpoint Companies.
Does Viking Partners have an API?
No public API is recorded for Viking Partners.