Institutional Real Estate.
Extraordinary Returns.
A curated portfolio of hospitality and commercial real estate across top U.S. markets, targeting 16–22% IRR through disciplined development and value creation — built for accredited investors who demand institutional-quality returns.
Active Pipeline —
UVOF III
Three institutional-grade projects targeting premium returns in supply-constrained and high-growth U.S. markets — each with defined exit strategies and government-enhanced economics.
The Attaché Hotel
90-key luxury boutique hotel via adaptive reuse of a historic 1928 building. ~$396K/key basis — well below replacement cost — in D.C.'s most supply-constrained luxury submarket. 15-year property tax abatement under D.C.'s "Office-to-Anything" program substantially enhances yield.
Roanoke Retail Pad #1
Multi-tenant retail in the Roanoke Village master-planned development. Direct frontage on Highway 377, proximate to Charles Schwab, Fidelity, and Deloitte campuses. 6–8 month construction timeline with active leasing traction already underway — near-term capital rotation opportunity.
SpringHill Suites by Marriott
128-key select-service Marriott hotel within one of the strongest lodging markets in the U.S. Hotel occupancy tax rebates directly enhance cash flow. Clear path to institutional sale — branded hotel portfolio buyers and offshore capital seeking stabilized USD-denominated income.
Track Record
12+ years of institutional-grade acquisitions, repositionings, and exits — including navigating COVID-19 to deliver a 3.8× return on the Sheraton Arlington.
A Proven Track Record
You Can Diversify Into
For U.S. accredited investors seeking institutional-quality real estate exposure beyond stocks and bonds, Urbana Varro offers a 12-year track record of superior risk-adjusted returns — with full transparency and a disciplined process.
Institutional Access, Private Terms
Urbana Varro gives accredited individual investors and family offices access to the same hospitality and commercial real estate deals typically reserved for large institutions — at private market pricing and with co-investment alignment.
Returns That Speak for Themselves
Five realized or near-realized investments. Three have returned 3.0× or better. The Hilton Greenville delivered a 39% IRR and 3.9× multiple. The Sheraton Arlington returned 3.8× through COVID. This is not a first fund.
Real Assets, Real Downside Protection
Unlike stocks or bonds, each UVOF III investment is backed by a tangible asset with intrinsic value — acquired below replacement cost, with government incentives and branded operators providing additional floors on performance.
Top U.S. Growth Markets
UVOF III is concentrated in two of the most resilient real estate markets in the country — Washington, D.C. (perennial political and corporate demand) and the Dallas–Fort Worth metroplex (one of the fastest-growing regions in the U.S.).
Passive Investment, Active Management
Investors receive preferred returns and profit participation without day-to-day operational involvement. Urbana Varro handles acquisition, development, asset management, and disposition — you invest, we execute.
Defined Exit, Not Open-Ended
Every deal in UVOF III has a clear, underwritten exit strategy — institutional sale, branded portfolio acquisition, or refinance-and-distribute. Investors know upfront how and when their capital is expected to be returned.
Leadership —
Built Over Decades
The Urbana Varro team has led acquisitions, development, and asset management across more than $1B in hospitality assets — bringing institutional discipline to every investment in UVOF III.
40+ years in commercial real estate. CEO of Urbana Varro Opportunity Fund I, II, and III. Former Principal & CIO at Songy Partners, Founder/CEO of Alliance P…
Allan Gutierrez
40+ years in commercial and residential real estate. Former CFO of SunCal Companies, where assets grew from ~$250M to $4.1B. Previously President & CFO of Hu…
Ed Nolan
20+ years in commercial real estate spanning acquisitions, leasing, asset management, and construction across office, retail, and hotel investments. Previous…
Maximillian Gutierrez
40+ years in hospitality as a fifth-generation industry professional. Former Regional Director of Operations at Peachtree Hotel Group, overseeing Hilton, Mar…
Marshall S. Tullos Sr., CHA
40+ years in accounting and real estate. CPA specializing in real estate investment and development, estate and income tax planning, and tax compliance for c…
Steve Thurston
35+ years in hospitality real estate. Two decades with Marriott — most recently VP at Marriott Vacations Worldwide (Singapore) leading deals across Asia Paci…
Dexter Tom
25 years in revenue management across the hotel industry. Originally from Arlington, TX, Marcos leads revenue forecasting, profit opportunity analysis, and b…
Marcos Vidal
17+ years in HR leadership across hospitality. Previously Corporate HR Director at Hotel Equities (Atlanta), Tecton/Desires Hospitality (Miami), and Doramar …
Emmy Schmid, SHRM-SCP
40-year accounting career, with 30+ years as Controller for Atlanta-based corporations specializing in financial statement preparation. Hospitality experienc…
Linda Westmoreland
Originally from Dallas, TX, Tammy drives revenue generation and long-term growth across all Urbana properties and segments. Customer-focused leader prioritiz…
Tammy Gillespie
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Placement Memorandum
UVOF III is available to accredited and qualified institutional investors. Complete the form and our investor relations team will respond within one business day.
This communication does not constitute an offer to sell or a solicitation of an offer to buy any security. Investments in UVOF III are available only to accredited investors per Rule 501(a) of Regulation D. Past performance is not indicative of future results. All projections are forward-looking and subject to risk.