We were fortunate to hold leadership roles early in our careers through an extremely volatile period that included the post-COVID boom and subsequent interest rate hike bust of real estate valuations and transaction volumes.
This first-hand experience highlighted to us the short-termism, cycle risk, and herd mentality inherent to the IRR driven investment model.
We felt strongly there was a better way to invest in real estate and Vintage is our vehicle to build that vision.
When we set out to build Vintage, we did it with the next 30 years in mind. Every business decision we make, whether it be an investment decision, personnel decision, partnership decision, etc., is made through the lens of a long-term time horizon.
This perspective of delayed gratification allows us to focus on the big picture – we are not interested in a quick profit that comes with the risk of negatively impacting our long-term success. We firmly believe this approach creates better results for all stakeholders.
Below are some of the tenets we rely on to stay focused on the big picture and long-term success.
Vintage is committed to the core values of the business, and only works with those that demonstrate alignment of these same core values – this includes internal employees, third party partners, and all stakeholders in-between:
Life-long learners
Confident in abilities and path to success, but always willing to take feedback and learn. There are no know-it-alls on this team
A track record of hustle and hard work
Strong morals compel us to do the right thing in all situations, even when nobody is looking
The first to own mistakes and the first to defer successes
Clear communication and feedback with all stakeholders