Over three decades of commercial real estate investment and development, and capital deployment experience.
VLR Capital Partners acquires and repositions value-add, multi-tenant industrial properties and pursues ground-up industrial development opportunities in select Western U.S. markets.
VLR Capital Partners is an industrial real estate investment and development firm focused on acquiring, repositioning and developing properties in select Western U.S. markets. Our work spans value-add, multi-tenant assets and ground-up projects, with an emphasis on opportunities where disciplined execution and lasting value creation.
Our team combines investment, entitlement, development, leasing, and operating experience to identify opportunities, manage execution risk, and create value for our private and institutional equity partners. We bring a hands-on approach to both existing assets and new industrial projects.
INDUSTRIAL FOCUS
We invest in and develop industrial properties designed around the needs of businesses in our target markets. Our acquisition strategy emphasizes value-add, small- and medium-bay assets; our development strategy considers projects where location, design, and tenant demand support new construction.
ACQUISITION CRITERIA
We target existing industrial properties in select Western U.S. markets where hands-on leasing, capital improvements, and active management can create value. Explore the property characteristics, project sizes, and investment parameters that guide our acquisition decisions.
LAND ENTITLEMENT
Entitlements are a critical part of creating industrial real estate value. We evaluate land use, infrastructure, development feasibility, and the approvals needed to advance a project. Our experience supports new industrial partnerships with landowners seeking to unlock a property’s potential.
Why VLR Capital Partners?
Industrial opportunities are rarely created by a thesis alone. They depend on finding the right basis, understanding what a property or site can become, and managing the decisions that turn that potential into value. VLR combines disciplined investment judgment with hands-on real estate execution—bringing investors and partners direct access to opportunities that require more than passive ownership.
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We underwrite the opportunity and the work required to realize it, weighing market demand, capital needs, timing, and execution risk before committing to a project.
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Our team stays engaged from acquisition or site evaluation through leasing, improvements, entitlement, and development—working through the details that determine a project’s outcome.
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We approach relationships with investors, landowners, brokers, and tenants as long-term partnerships. Clear communication, practical problem-solving, and attention to each party’s objectives are central to how we work.
Arcadia Corporate Park Phoenix
Industrial Business Park Acquisition
Acquisition: $7.5M in July 2016
Disposition: $14.6M in June 2021
60-month Hold Period
40.3% Annual Investor Return
Converted flex office units to low-finish warehouse, aesthetic upgrades included new exterior painting, parking lots repairs, new landscaping, and new pylon/monument signage, rebranded park as 1Forty3 Business Park; upgraded MEPs, and converted some units to full HVAC. Converted warehouse leases from gross to triple net to shield landlord from increased property taxes and operating expenses.
CASE STUDY: INDUSTRIAL
Contact VLR Capital Partners
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