History
VIP Partners, LLC was formed in 1996 as a partnership between Brian M. Liston of Darwin Realty and Development Corporation (suburban Chicago) and John Horrigan of American Real Estate Investment and Development Co. (Reading, PA).
From 1996 through 2006, VIP would purchase or develop over 40 properties comprising nearly 2.5 million square feet and involving nearly 30 investor funds. In April 2006 VIP formed VIP Partners I, LLC to consolidate the ownership of its investment funds into a single entity.
Simultaneously, VIP sold a 50% stake to Invesco Real Estate (Dallas, TX) in a 50-50 joint venture. In June 2006 and VIP Partners II, LLC was formed to provide capital for acquisitions in a second joint venture with Invesco, VIP RE Holdings II.
In August 2010, VIP formed VIP, LLC, adding to its portfolio management role to include brokerage and property management. With a staff of 11, VIP, LLC provides full service property management, brokerage, accounting and reporting to its affiliated portfolio properties, consisting of over 3.5 million square feet in metropolitan Chicago.