In this episode of Infinity Podcast, Zeus Hernandez sits down with Andrew Dunn, Managing Partner at VAC Development, an asset-class-agnostic real estate investment and development firm focused on yield-driven opportunities across Southwest growth markets.

Andrew oversees acquisitions, capitalization, and business plan execution, building a platform structured around discretionary capital, disciplined underwriting, and long-term investor relationships. Known for his operator-first mindset, Andrew has scaled VAC by aligning development strategy with repeat capital partners and focusing on platform-level execution rather than one-off transactions.

Together, they explore what it takes to scale a real estate platform in today’s market - from evaluating development spread and yield on cost to structuring deals that institutional capital can consistently support. The conversation unpacks the difference between chasing deals and building capital relationships, why sponsor discipline matters more than ever, and how emerging developers should think about positioning themselves in competitive growth markets.

Andrew also shares insights on expanding into Southwest and Mountain West markets, managing investor expectations across cycles, and how AI is beginning to influence real estate workflows and decision-making.

We discuss:
 • The transition from smaller deals to institutional-scale development
 • Building a programmatic platform versus executing one-off projects
 • Aligning discretionary capital with development strategy
 • Yield on cost, development spread, and risk evaluation frameworks
 • Expanding into Southwest growth markets like Arizona and Nevada
 • Raising capital through long-term investor relationships
 • Sponsor evaluation and platform-level investing
 • The evolving role of AI in real estate underwriting and workflows
 • Playing the long game in development and capital markets

Whether you’re an emerging sponsor, capital allocator, or developer focused on building a durable platform, this episode offers a strategic look at how alignment, discipline, and long-term thinking drive scalable growth in commercial real estate.

Stay connected:
 www.infinitydevelopment.com

https://www.linkedin.com/in/zeus-hernandez/

About Infinity Development
Infinity Development is a commercial real estate investment and development firm shaping design-driven, sustainable assets through disciplined execution, intelligent planning, and long-term partnerships.