VHB Associates Revenue

About VHB Associates

VHB Associates, a California Corporation, was formed in 1975 as a real estate development company and is the current operating entity for a number of partnerships, LLC’s and corporations. QB Properties, a California General Partnership, Capital Resources, Inc. and QBM Companies were all originated under the same ownership over a period of time. These entities were all formed to either develop or acquire real estate projects. VHB Associates is a portfolio real estate development company primarily developing and acquiring for its own account. The main goal is to develop or purchase properties for long term ownership; however, a few projects have been sold over the over the years. VHB Associates enlists the services of outside consultants for all technical support. This way, the best development team for each project is utilized and also keeps overhead at a minimum. In many situations on-site leasing agents are hired and are charged with the role of working with outside brokerage firms who may have the listing on a particular project. VHB Associates and its various affiliates are owned in part by different individuals with a minimum of 51% owned and controlled by Victor H. Boyd, II. The percentage of outside ownership may vary from partnership to partnership and corporation to corporation. It is necessary for tax and legal purposes to form a new separate entity for each real estate project. VHB Associates will develop either with a joint venture partner or by itself, depending on the size and nature of the project. Financial institutions, major corporations, individuals, pension funds and other developers have served as partners or share holders.

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