Our Story

Vitae Capital is a private real estate investment firm with over 14 years of experience in real estate investing, which began in 2011 in Austin, Texas.

Sandeep Shah 

FOUNDER + CEO

Sandeep Shah’s real estate investment journey, which commenced in 2011, has witnessed a consistent upward trajectory. He initially started with single family residences and subsequently progressed to effectively managing multifamily properties. Since 2013, he has successfully established and supervised numerous entities, each more sophisticated than the last.

Sandeep was born and raised in Houston and has lived in Austin, Texas since 2007. He completed undergraduate studies at the University of Houston, graduating summa cum laude with degrees in Political Science and Biology. Sandeep attended medical school at the University of Texas Medical Branch, graduating with honors in 2001. He completed a Radiology residency at Emory University in Atlanta, Georgia. Sandeep’s leadership positions in the medical field have included Chief of Staff of Ascension Seton Northwest hospital, Chief of Radiology at Ascension Seton Northwest hospital, Chief of the Austin Radiological Association (ARA) San Marcos, and Chief of the ARA Body Imaging section. Sandeep has been honored with the Seton Northwest Physician of the Year award.

Sandeep's real estate investment journey, which commenced in 2011, has witnessed a consistent upward trajectory. He initially started with single family residences and subsequently progressed to effectively managing multifamily properties.

2013 The Creation

Vitae Real Estate Holdings, LP. $2.3M entity. Matured 2018. 20.5% IRR. 2.69X MOIC.

2015

Vitae Real Estate Holdings II. $420K entity. Matured 2017. 37.9% IRR. 2.23X MOIC.

2016

Vitae Real Estate Holdings III & IV. $2.5M entity. Matured 2022. 8.8% / 6.06% IRR’s. 1.4x / 1.34x MOIC’s respectively.

2017

Vitae Real Estate Holdings V & VI. $1.3M entity. Ongoing.

2018

Vitae Real Estate Holdings VII, VIII & IX. $1.9M entity. Ongoing.

2019 Establishing Fund Model

Vitae Capital I. $3.7M fund. Projected IRR of 12.37% IRR. 1.65X MOIC.

2020

Vitae Capital II. $4.3M fund. Projected 22.8% IRR. 1.77x MOIC.

2021

Vitae Capital III. $17.5M fund. Projected 14.69% IRR. 1.79X MOIC.

2023

Vitae Capital IV. $18.3M fund. Projected 19.68% IRR. 1.82x. MOIC.

2025 June 2025

Vitae Capital V. $12M fund. Projected 23.99% IRR. 1.83X MOIC.

2025 October 2025

Vitae Capital Industrial I. $1.96M fund. Projected 20% IRR. 2.19X MOIC.

2013

Jeff Mayo

CHIEF INVESTMENT OFFICER

Jeff Mayo brings over a decade of professional finance, acquisitions, and development experience. Alongside Sandeep Shah, Jeff is responsible for portfolio strategy, sourcing opportunities, conducting due diligence, and financial modeling in care of Vitae’s growing fund series. Prior to Vitae Capital, Jeff held positions as an analyst, director, and SVP with companies spanning vertically integrated mixed-use urban development, multifamily value add, and single-family rental. Jeff was also with a CPA firm and a publicly-traded infrastructure development company prior to his real estate career. He was licensed as a CPA in 2017 (license not active) and earned a BA, cum laude, from Roanoke College. Jeff, along with his wife and seven children, resides in Fort Worth, TX.

Julia Paneyko

Operations & Investor Relations
Julia Paneyko, Operations & Investor Relations at Vitae Capital.

Julia brings a strong background in finance, analytics, and operations, with experience supporting investment decision-making, portfolio analysis, and strategic initiatives. Prior to Vitae Capital, Julia built her career in corporate and commercial banking, holding roles at Bank of Texas and Citi, where she underwrote and managed complex credit relationships, evaluated risk across large transactions, and partnered with senior stakeholders on deal execution and portfolio management. Her experience spans financial analysis, credit structuring, performance monitoring, and client-facing relationship management. Julia is currently pursuing a Master of Science in Business Analytics at SMU Cox School of Business and earned a BA, cum laude, from Elon University. She brings a unique blend of institutional finance discipline and modern analytics capabilities to Vitae Capital’s growing platform. Julia resides in Dallas, Texas.

Investment Advisory Committee

Martin Dolfi 

BELIADE 
Founder & Managing Partner Private Equity & Venture Capital 

Jon Koeppe ​

PEARLSTONE PARTNERS ​
Director of Investments ​

Sean Kubicek ​

KUBE GROUP​
Founder Financial Modeling​

Mike Ramirez ​

R BANK​
EVP Chief Lending Officer Commercial Lending​
Southlake Town Square — Southlake, TX
Vitae Capital IV
Q2 Stadium Arena — Austin, TX
Vitae Capital III
CoOp Farmers Market — Houston, TX
Vitae Capital IV
Brickell — MIAMI, FL
Vitae Capital IV

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