A patient and disciplined approach to real estate investing

Founded in 2008, Viking Partners has become a robust, national commercial real estate investment and asset management platform focused on the acquisition, improvement, and management of value-add and core-plus real estate.

Viking’s History

2012

Viking's second value-add fund, Fund II, closed at $48 million raised.

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2017

Viking brings property management and accounting in-house, followed shortly thereafter by construction management.

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2021

Viking established its first stabilized fund, Income Plus Fund I, at $19 million raised.

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2023

Viking invests $12 million in a multifamily development project.

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2008

Viking established its first value-add fund, Fund I, closed at $15 million raised.

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2015

Viking's third value-add fund, Fund III, closed at $84 million raised. In this year, Viking also completed a significant joint venture with DRA Advisors for a $60 million acquisition.

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2019

Viking's third value-add fund, Fund III, closed at $84 million raised. In this year, Viking also completed a significant joint venture with DRA Advisors for a $60 million acquisition.

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2022

Viking's fifth and most recent value-add fund closed at $130 million raised. An additional $7 million was raised for the acquisition of two multifamily properties by Viking's stabilized fund.

2008

Bret and Steve founded Viking Partners amid a global recession. Viking Partners Fund I, a value-add fund, closed at $15 million raised.

2012

Viking's second value-add fund, Fund II, closed at $48 million raised.

2015

Viking's third value-add fund, Fund III, closed at $84 million raised. In this year, Viking also completed a significant joint venture with DRA Advisors for a $60 million acquisition.

2017

Viking brings property management and accounting in-house, followed shortly thereafter by construction management.

2019

Viking closed its fourth value-add fund, Fund IV, at $92 million raised and hit $1 billion in acquisitions. Viking forms another significant joint venture with DRA Advisors to acquire an $81 million asset.

2021

Viking established its first stabilized fund, Income Plus Fund I, at $19 million raised.

2022

Viking's fifth and most recent value-add fund closed at $130 million raised. An additional $7 million was raised for the acquisition of two multifamily properties by Viking's stabilized fund.

2023

Viking invests $12 million in multifamily development project.

Meet our founders

Unparalleled Expertise

Prior to 2008, the founders established their own real estate careers, nurturing large networks of prominent national tenants, owners, brokers, bankers, REITs, private equity partners, and investors. Upon joining forces, Bret and Steve raised the first Viking Partners fund, totaling $15 million. Since Fund I, the Viking team has grown to more than 30 members and raised nearly $400 million across 6 funds.

Bret Caller

Bret manages Viking’s general business activities, new business development, and ongoing investor relations, as well as directing asset management activities. Bret specializes in managing undervalued properties... and enhancing their value by upgrading tenants and making cost improvements. He works with an experienced team of leasing agents, property managers, and legal and tax advisors.

Prior to Viking, Bret spent 20 years managing his family’s real estate company in Lexington, KY, acquiring and managing community shopping centers, office and warehouse assets, and developing relationships with tenants, brokers, bankers and investors.

Bret graduated from Tulane University with a bachelor’s degree in business management and New York University with a master’s degree in real estate. He is a licensed real estate broker in Kentucky and an active member of the International Council of Shopping Centers (ICSC).

Bret serves on the Advisory Board of Directors of Truist Bank, the Foundation Board of Cincinnati Children’s Hospital Medical Center, and the Boards of Trustees of the Jewish Federation of Cincinnati and the Jewish Foundation of Cincinnati.


More about Bret

Steve Miller

As the co-Founding Principal of Viking Partners, Steve’s purpose is to build trust among investors, partners, and his team by aggressively pursuing new opportunities and executing Viking’s business plan: buy it right, fix it, sell it. He leads... Viking’s investment activities, including acquisitions and financing.

Steve has been investing in real estate for more than 30 years with extensive experience in delivering consistent and outsized returns for investors. After his quick promotion to partner at Midland Development Group in 1995, Steve became the principal of his own firm where he developed properties for renowned national retailers.

In 2008, Steve joined forces with his co-Founder, Bret Caller, to establish Viking Partners as a preeminent, value-add private equity real estate investment firm.

With his refined acquisition expertise, solid relationships, and financial strength, Steve has overseen Viking’s acquisition of assets in excess of $1 billion and deployment of capital in excess of $260 million. Under his leadership, Viking Partners has invested in more than 80 real estate projects totaling over 9.5 million square feet of retail, office, industrial, and multifamily space across 64 cities and 22 states. His robust network of owners, brokers, developers, bankers, and retailers provides Viking with a healthy pipeline of new acquisition and investment opportunities.

As a Cincinnati native, Steve dedicates much of his time, talent, and treasure to Cincinnati’s Jewish community. He also serves as Treasurer on the board of The Boys and Girls Club of Greater Cincinnati.

Steve serves on the board of Union Savings Bank. He holds a broker’s license in Ohio and is a member of the International Council of Shopping Centers (ICSC).

Steve is a graduate of The Ohio State University.


More about Steve

Meet the Team