Ingka Investments, the investment arm of Ingka Group, today announced a USD 50 million investment in The Vistria Group, LP's ("Vistria") Real Estate Housing strategy that focuses on preserving, improving and producing affordable housing across the United States.
Through this investment, Ingka Investments aims to expand the Alternative Investments portfolio while also supporting access to affordable housing for low- and middle-income families, aligned with Ingka Group's vision of creating a better everyday life for the many people.
Vistria is a private investment firm with offices in Chicago, New York, and Dallas that seeks to deliver meaningful societal impact through its investments. Its Real Estate Strategy is led by Senior Partner Margaret Anadu and targets investments in the United States affordable housing market. Since its launch in 2023, the Real Estate Strategy now has investments across the United States with over 6,400 units and a strategy AUM of over $2.0 billion. Vistria seeks to preserve, improve, and produce affordable, workforce, and mixed-income housing. Most recently, Vistria announced a landmark deal in California that marked the largest market-rate to affordable housing conversions in the state's history.
Peter van der Poel, Managing Director of Ingka Investments.
'At Ingka Investments, we believe it's good business to be a good business. This partnership with The Vistria Group is a prime example of how we can make financial investments while also contributing to greater housing stability by preserving affordable housing options where they are most needed' - Peter van der Poel, Managing Director of Ingka Investments.
Vistria's model integrates economic goals with social impact by leveraging local partnerships to provide affordable housing solutions that remain financially viable. As part of their phased investment strategy, Vistria seeks to collaborate with non-profit organisations and local service providers to deliver community-oriented programs, including workforce development, education support, and health services tailored to residents' needs. This holistic model aims to enhance economic mobility and improve quality of life in the communities where Vistria operates.
'Addressing the affordable housing crisis at scale is not possible without partnering with organizations like Ingka to invest in scalable and efficient models to improve, preserve and produce affordable and workforce housing,' said Margaret Anadu, Senior Partner and Head of Real Estate at The Vistria Group. 'We are delighted to partner with Ingka, who shares our belief that everyone deserves an affordable home and joins us in our work to create more healthy, stable, and sustainable communities.'
Vistria's initiative addresses critical gaps in affordable housing availability, aligning with Ingka Investments' commitment to sustainable investments that balance financial returns with positive societal outcomes.
More information:
Ingka
www.ingka.com