Victor Whitmore was born into a poor family in a small rural farm town in Upstate New York.
From a young age, a pursuit of business success was constantly at work. As a child, Victor spearheaded the areas first video store when VCR’s first came out. The business quickly grew into multiple stores. As a sophomore in high school, he branched out onto his own and developed a new business concept of trading videos amongst competing stores. After graduating from high school, Victor attended IUPUI in Indiana while forming a software company that specialized in writing software for manufacturing companies to manage their hazard chemical use for OSHA and EPA regulations.
Victor co-founded Precision Equity in 2003 with Joel Thompson and started buying single family homes in North Tulsa.
After renovation and lease up, the houses were packaged and sold to investors for massive profits. 100% of the profits were always reinvested and this important strategic plan for growth is still at the forefront of how Victor operates today.
In 2006 Victor began running Precision Equity full time and concentrated the first ten years of his real estate career on the acquisition and operations of under-performing multifamily assets. By leading the day to day operations of the management teams, over-seeing numerous multi-million dollar renovations and through strategic repositioning, Victor purchased nearly 2200 multi-family units and increased the value of these properties by tens of millions of dollars. Over and over, Victor’s strategies to add value returned investments many millions of dollars and returns of capital of two, three and even four hundred percent on individual deals.
In 2015, Victor began purchasing retail shopping centers across the country and has since closed on nearly 500,000 square feet of shopping center space.
Today Precision Equity’s existing portfolio is worth over $100,000,000 dollars and continues to grow rapidly as the team works aggressively to reach the goal of having a billion dollar portfolio.
Victor lives in Tulsa, Oklahoma with his wife, Lori and his children.