Questions we hear before a first conversation.
These answers are general. The offering documents for a specific community control if anything here is more general. If you do not see your question, book a Discovery Call and ask it directly.
The firm
What does Veritas do?
We are a Kirkland owner-operator of workforce apartments. We buy, improve, and operate 30 to 100 unit communities in Pierce and Snohomish Counties.
How long have you been doing this?
Alex Burch has been investing in Washington multifamily since 2010. The firm has sixteen years in this work, about $85 million in assets under management, and 468 units acquired. We have closed 21 deals since 2010 and have had no realized losses on any deal.
Where do you buy, and what do you avoid?
Our core markets are Pierce and Snohomish Counties. We stay out of Seattle and King County. We buy mismanaged 1960s to 1990s workforce housing and grow income through operations. We do not do conversions, and we do not use bridge or floating-rate debt.
How a partnership works
Who is this for?
Our offerings are intended for accredited investors. Verification happens during onboarding. If you are unsure about your status, we can point you to public definitions and suggest you speak with your advisor.
How do I get started?
Book a Discovery Call. If we both want to go further, you will review materials in our investor portal and complete the offering documents for that community.
Do you raise money into one fund?
Our standard path is deal by deal. Each community is typically held in its own entity.
Is the investment liquid?
No. These investments are illiquid by design. You should be prepared to hold for the period described in the offering documents.
What reporting will I receive?
You receive ongoing investor reports and, typically, an annual K-1. Details are in the offering documents.
Can I use a self-directed IRA or Solo 401(k)?
Often yes, when your custodian can work with a private placement. We have worked with more than one custodian. Please involve your tax advisor. We do not provide tax advice.
Are there risks?
Yes. Real estate investing involves risk, including the possible loss of capital. Occupancy, expenses, interest rates, and local rules can all affect results. Please read the risk factors in the offering documents.
Book a Discovery Call
If these answers are enough to start a conversation, pick a time. If it is easier, call 425-231-9008.
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This website is for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, securities. Any offering is made only through official offering documents, and only to investors who meet the requirements of that offering. Past performance does not guarantee future results. Investing in real estate involves risk, including the possible loss of capital.