Hampton Roads Ventures, LLC

Overview

Hampton Roads Ventures, LLC is a private investment firm based in Norfolk, Virginia, dedicated to revitalizing distressed communities through strategic investments. Operating as a subsidiary of the Norfolk Redevelopment and Housing Authority, the firm focuses on projects that spur economic development in areas facing significant challenges. Their portfolio includes a diverse range of investments aimed at community enhancement and economic growth. The firm's investment strategy encompasses various asset classes, including real estate, private equity, and distressed and special situations. They target growth, distressed, and turnaround stages, providing flexible financing solutions tailored to specific project needs. This approach includes subordinated debt, below-market interest rates, higher loan-to-value ratios, and longer interest-only periods. Their geographical focus is primarily within the United States, with a particular emphasis on Virginia. Hampton Roads Ventures has a proven track record of successful investments, having received multiple allocations from the Community Development Financial Institutions Fund (CDFI Fund) since 2007. These allocations, totaling up to $50 million, have been utilized to finance real estate projects crucial to community revitalization efforts, including community facilities, mixed-use developments, and historically significant structures. Their commitment to fostering growth and innovation in distressed areas underscores their dedication to making a positive impact on the local economy and community well-being.

Investment Focus

• Focus on distressed communities
• Projects that spur economic development
• Flexible financing solutions tailored to project needs

Portfolio Companies