V34 Capital

Overview

V34 Capital is a private equity firm specializing in student housing investments across premier university markets in the United States. The firm focuses on strategic capital deployment into premier student housing assets at top-tier universities nationwide. With over $2.4 billion in assets under management, V34 Capital has invested in 47 properties across 22 states, providing over 28,000 student beds. Their investment strategy includes acquisitions, development, value-add repositioning, joint venture partnerships, and preferred equity, targeting top-25 university markets with strong enrollment growth and limited new supply. V34 Capital emphasizes operational excellence and capital improvements to drive sustainable returns, creating environments where students thrive academically and personally. Their hands-on approach to property management positions their assets as the preferred housing choice for students, with an average occupancy rate of 97% and an average revenue per bed of $52,000. The firm's target internal rate of return (IRR) is between 18-24%, with an equity multiple of 2.0-2.5x, reflecting their commitment to delivering attractive risk-adjusted returns to investors.

Investment Focus

• Strong enrollment growth
• Limited new supply
• Operational excellence
• Capital improvements
• Sustainable returns
• Student-centric amenities
• High occupancy rates
• Attractive revenue per bed
• Target IRR of 18-24%
• Equity multiple of 2.0-2.5x

Portfolio Companies