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Varden Capital Properties

Our Services

Varden Capital Properties, LLC (VCP) is a fully-integrated real estate firm focused on the acquisition, improvement and management of previously devalued real estate and redevelopment projects that create and capture value across the Southeast. Offering investors a complete investment package and substantial returns, the VCP suite of services includes the identification of potential properties, initiation of due diligence, the execution of the various stages of the investment transaction and betterment of the property. We have a wide client base encompassing financial institutions, pension funds, private partnerships, high net worth individuals, lenders and government agencies. Our vertically integrated business model leverages expertise across multiple disciplines to deliver results.

Our acquisition and development strategies rely on more than 25 years of experience to identify undervalued assets with strong potential to generate attractive risk-adjusted returns. VCP has maintained the flexibility and financial discipline to capitalize on market conditions and valuation trends, and we are conservative in risk assessments. Our performance during the downturn demonstrated our commitment to being strategic, rather than defensive. In select markets, well-conceived property renovation and repositioning programs, which enhance the economic value of existing properties, are often a smart alternative to new construction.

We target assets in market conditions that offer improved cash flow and property appreciation through market recovery, property repositioning, capital improvements and professional property management.

  • Distressed assets (loan purchases, short sales, bankruptcy, foreclosures and REO)
  • Value-add assets:
    • Requiring significant physical renovation in submarkets where new entitlements for development are difficult or infeasible
    • Needing operational repositioning in core locations where rent levels are at a significantly lower price point than new assets
  • Core and core-plus assets for a variety of capital sources using modest leverage and a long-term hold strategy

Our property management arm, Hammond Residential Group (HRG) handles all aspects of property management ranging from conventional market-rate and high-rise towers to affordable property types. Some of our essential areas of focus include Integrated Property Management, Facilities Management, Accounting/Financial Reporting , Marketing and Leasing, Due Diligence and Risk Management.

HRG provides a wealth of experience in managing all product types including High Rise, New Development, Mixed-Use, Value Add, Affordable, Senior, Student Housing and Distressed Assets.

Our essential services include:

  • Transition planning and execution
  • Construction project management
  • Value-add redevelopment
  • Custom account reporting
  • Capital expense management
  • Strategic marketing and rebranding
  • Custom leasing solutions
  • Staff training and online support
  • Receivership
  • HR/Payroll
  • Budgeting
  • Tax and Insurance Management

HRG also provides management and compliance services for over 5,000 units financed through the LIHTC Section 42 program including HUD, Tax Credit, Bond, Sec. 8, etc. Since our inception, we've acquired and managed over 100 apartment communities with an affordable housing component, cementing our reputation as one of the leading redevelopers of high quality tax credit living. We have developed smart partnerships with the private and public sectors, local municipalities and government agencies to effectively manage, protect and assure compliance with all programs as well as daily involvement with the applicable social service providers. VCP has Compliance Specialists that are dedicated to the billing process, training, auditing and review of all income certifications and monitors on-going compliance. All Regional Portfolio Managers responsible for sites with tax-credit/bond financing are required to attend training covering all aspects of the regulatory agreement requirements and have Housing Credit Certified Professional (HCCP) designations.

Please visit www.HammondResidentialGroup.com for more info.

VCP's construction management division directly and accurately assesses exactly what a potential acquisition or current property needs, and at what costs are associated to be rehabilitated to a performing asset. In recent years, we have undertaken and completed over $50 million in renovations. We attribute our success to an integrated commitment to precise coordination of services, clear and consistent communication, and meticulous attention to detail at every point of development. Our construction and renovation expertise, ranging from full repositioning and renovation to preservation and recovery, spans over 25,000 units in the Southeast United States. We offer full development services, due diligence, major asset preservation and recovery.

  • National experience in pre-development, ground up construction and renovation
  • Regional representation with local market knowledge and expertise
  • Complete understanding of multifamily from concept to renovation and preservation

HRG serves as our liaison with lenders, approves invoices for payment, and completes draw requests as necessary. The benefits of our all-inclusive approach are increased control over the project, modification flexibility, and seriously relevant cost savings. We apply our high standards at every turn to keep projects on time and of exacting quality.