The Froggy Five #4: Dan Norville

This week, please welcome Dan Norville, Founder and CEO of Vivo Investment Group, to the show!

 

Dan Norville’s career path, like his investment performance, has been a steep and steady climb upwards, each year building upon the prior year’s success. A graduate from NYU, Dan began his career in the hospitality sector as a Wall Street analyst. His next career moves included roles in private equity and real estate development where he successfully managed complex projects involving “ground up” construction, but it was the adaptive re-use projects that resonated with him. Greater speed, less cost, less waste, and reduced job site pollution, in Dan’s eyes, was a winning combination. With a track record of success and $1.0 billion in completed real estate transactions, Dan set out on his own in 2013, starting Norcap, a real estate investment firm focused on acquisition, development, and asset management of hospitality and office buildings. Since founding Norcap and its subsidiaries, Dan has built or purchased, renovated, and repositioned seven hotels and one office tower in the Western US. The prospect of even more people becoming unhoused during the global pandemic in 2020 spawned Dan’s newest business, Vivo Living. Leveraging his and his team’s expertise in hospitality and housing, they set out to acquire underutilized hotels, add kitchenettes, and convert them into efficiency apartments. Including hotel-like amenities such as co-working space, fitness centers, and pools made these reasonably priced apartments even more unique and appealing. Vivo now has fifteen properties across the US, with more in the pipeline. Dan has subsequently brought all four of his companies under a single umbrella called Vivo Investments, a firm focused on housing development with the care of people and our planet at its center.