Tack acquires and repositions multifamily properties across Virginia and the Southeast. Tack focuses on under-managed properties where it can grow net operating income through improving operations, capital investments, and hands-on management.

Four things. An institutional finance and investing background, built on large M&A and leveraged buyouts. Operating experience inside a hyper-growth, venture-backed startup. Local knowledge in the markets where relationships move deals. And a focus on asset management down to the capital projects on site. Tack brings all four to every deal.

To tack is a sailing term for changing direction. You can't sail straight into the wind, so you set a deliberate course based on the conditions and adjust as they change. Tack takes the same approach to investing. We set a strategy and a business plan going in, and we change course when a property or a market calls for it.

Tack is based in Richmond, Virginia and primarily invests in Virginia, North Carolina, and Tennessee where Tack can utilize its local market knowledge and relationships.

Tack was founded by Tucker Thompson, its Managing Partner. Tucker spent a decade across institutional finance, private equity, startup operations, and real estate, at J.P. Morgan, Gryphon Investors, and Faire, before co-founding Sweetbay Capital and then Tack.

Tack targets sub-institutional assets where there is often less sophisticated competition and more opportunities to force appreciation. The perfect Tack deal is an undermanaged property where there are clear opportunities to grow net operating income through improved operations, hands on management, and capital investments into property improvements. Tack looks for an edge at every stage, from the markets we know, to off-market sourcing, to underwriting, to the day-to-day operating work.

By growing net operating income. Tack attempts to improve operations, make the right capital improvements, and manage the property closely, The value is built through primarily through operations rather than waiting on the market.

Yes, Tack uses leverage appropriately and maintains ample cash reserves. Tack has never used a floating rate loan or aggressive bridge financing.

An Opportunity Zone (OZ) is a federal program that gives investors tax advantages for putting capital gains into qualifying properties that get substantially improved. Done right, an OZ investment can defer the tax on the gains you roll in and, if held long enough, owe no federal capital gains tax on what the investment itself earns. Tack's Danville portfolio is structured as an OZ deal. OZ rules are specific, so anyone considering one should talk to a qualified tax professional about their own situation.

Tack's offerings are made to accredited investors through a private placement. If you're not sure whether you qualify, reach out and we'll walk you through it.

There's a target minimum, but it's handled deal by deal, with preference given to earlier and larger commitments. If you're interested, reach out and have a conversation rather than assume a number rules you in or out.

Across its deals, Tack generally targets a 6 to 7% average cash yield, a mid-teens net IRR, and a roughly 1.75x to 2.25x net MOIC over a three to five year hold. These are targets, not promises. Every deal is underwritten on its own merits, and past results don't guarantee future ones.

Cash distributions are typically made quarterly over the life of an investment. The specifics are laid out in each deal's offering documents.

Most deals are underwritten to a three to five year hold, though it varies by strategy. Some are stabilized assets held for steady cash flow, others are repositioning plays with a clearer exit in mind.

It varies from deal to deal, so we don't publish a single structure. Every offering spells out its economics in full before you commit. Happy to walk through a specific deal's terms when you reach out.

Request the investor overview on this site, or reach out directly. Tucker follows up personally, and from there you'll get access to current and upcoming offerings with full documentation.

Yes. Tucker invests his own capital in every Tack deal, so his interests are lined up directly with his investors'.

Tack has acquired more than $60mm in assets across Virginia and the Southeast including investments that Tucker co-led through Sweetbay Capital before founding Tack Capital. Realized investments have delivered a 42% IRR and a 1.6x MOIC. Realized figures are gross and reflect Tucker's personal track record at Sweetbay, not deals executed by Tack.

Sweetbay Capital is the firm Tucker co-founded and co-led before starting Tack. The Sweetbay deals on this site are his personal track record, shown as the foundation Tack is built on with a similar approach and strategy. Tack deals are the firm's own. The two are clearly separated so it's always obvious which is which.