Executive Summary
Venture Real Estate Company (VREC) is a boutique private equity real estate investment and management firm with a sterling track record. Founded in 2013, VREC has acquired over 2700 units and has conducted more than $500 million dollars in transactions.
Focused primarily on Value-Add, Class C/B, 100+ unit communities, VREC has grown methodically with the support of its private investors. VREC manages each of its assets with its own in-house property management firm, Venture Communities, a National Apartment Association Top Employer.
VREC has built its portfolio by targeting linear, reliable submarkets like its home market, Cincinnati, Ohio. They are a preferred buyer and seller to many local brokers, many of whom are also satisfied investors. VREC also targets similar submarkets in the Midwest to further expand its footprint, including Columbus and Indianapolis.
VREC is guided by its purpose to cultivate communities that enrich the lives of our stakeholders, including our investors, residents, and teammates. Its 10-year vision is to strategically acquire 10,000 multifamily apartment units, and in the process become one of the region’s leading multifamily investment and management firms.
PURPOSE:
Cultivating Communities That Enrich People's Lives
Residents • Investors • Teammates
Our Values
Ownership
Just pick up the trash.
Fellowship
We win together and have fun while doing it.
Stewardship
God cannot grow what is not well-managed.
Venture Communities
Venture Communities is the vertically integrated property management wing of VREC that actively manages and provides infrastructure for the company’s real estate portfolio. Venture Communities is a valuable part of the organization through which Venture Real Estate Company efficiently controls every aspect of a property’s performance. Venture Communities handles operations ranging from day-to-day administrative duties, such as rent collection and property maintenance, to simultaneous large-scale construction/redevelopment project at different property locations.
At Venture Communities, our goal is to provide a "best in class" living experience for our residents, and we are driven by our desire to cultivate communities in which people love to live. The families and individuals that call one of our communities home have the opportunity to live in a comfortable, clean, and well cared for home. Our residents can enjoy their living experience with the utmost confidence that the Venture Communities team is committed to serving their needs, while providing industry-leading customer service and class-leading amenities. When a member of the team welcomes a resident to their new home for the first time, it is with genuine appreciation for their choice and their trust.
Venture Real Estate Company’s decision to manage its communities in-house gives its investors the advantage of a professional management organization that is not necessarily a profit driven entity. Unlike other management companies, Venture Communities does not need to supplement its management fee with upcharges, additional hourly service rates, or any of the other mechanisms that are standard procedures in the property management industry. The need to generate profit is eliminated because VC's principals have equity interest in the properties themselves, thus reducing the impetus to drive profits through property management.
VC's sole purpose is to provide infrastructure, maximize ROI, control expenses, and increase the overall value of the real estate portfolio. Contrary to other management companies, VC absorbs or defrays the cost of employing personnel, training and ongoing education, office supplies, general overhead, legal consultation, legal document preparation, litigation, industry association dues and events, tenant screening, advertising, marketing, website development, and other operating expenses.
Venture Communities uses industry-leading property management software, Appfolio, that allows the company to manage its assets with minimal staffing requirements, thereby reducing overhead and maximizing efficiency. Investors are provided secure login credentials that allow them to instantly access current information regarding a property’s performance. Robust reporting capacity gives every investor the ability to analyze each aspect of their portfolio whenever they choose. We believe that transparency and communication are the foundation of any great relationship, and that guiding value has resulted in lifelong relationships with our investors.
Learn More about Venture Communities: https://www.venturecommunities.com/