SOURCE: Virtu Investments

Virtu Investments

August 27, 2013 10:00 ET

Virtu Investments Opens $50M Discretionary Equity Fund

Fund Targets Acquisition, Renovation, and Green Retrofitting of Multifamily Properties

SAN FRANCISCO, CA--(Marketwired - Aug 27, 2013) - Virtú Investments, LLC, a San Francisco-based real estate investment management firm, announced today that it has opened its third discretionary equity fund, The Virtú Multifamily Opportunity Fund-III, LP. The Virtú Multifamily Opportunity Fund-III, LP (Fund-III) is investing in the acquisition, renovation, and repositioning of apartment properties in the Western United States. Fund operations include a significant focus on deploying cost-effective energy and water efficiency retrofits as well as other green building improvements.

"We are seeing several under-exploited areas within the spectrum of multifamily investing," said Michael Green, Virtú's CEO. "With institutional funds chasing the larger and newer properties in core markets, we believe the best risk-adjusted returns can be found in smaller but well-located properties in markets that are outside of the urban core."

Following the successful deployment of The Virtú Multifamily Opportunity Funds I and II in 2011, 2012, and 2013, Virtú created Fund-III to allow its investors to continue to take advantage of the ongoing opportunities in the multifamily market. "We're really pleased with the investments made in Funds I and II, and expect Fund-III will also be able to take advantage this period of strong operating fundamentals, low capital costs, and a persisting supply and demand imbalance," said Mr. Green.

In combination with Virtú's traditional value-add strategies, Fund-III is utilizing Virtú's proprietary GreenLiving Sustainability Program. In an effort to drive measurable gains in energy and water efficiency, Virtú developed the GreenLiving Program to take advantage of public funding, proven technologies, best-of-breed partners, and the emerging green expectations of tenants.

About Virtú Investments
Virtú Investments, LLC was built to create high-yield opportunities in the multifamily investment market. During its fifteen years of operation, Virtú has acquired $1B in real estate and operated more than 12,000 apartment units across 85 properties in the Western US. The firm is well positioned to generate strong risk-adjusted investment opportunities during every phase of a real estate cycle. Virtú has refined an integrated and highly responsive operating platform that is unique in the industry. In-house services are composed of acquisitions, due diligence, finance, asset management, property management, efficiency retrofitting, information technology, and accounting/tax preparation. Virtú's offices are in Larkspur, CA, Carlsbad, CA, Seattle, WA and Scottsdale, AZ.

Contact Duncan Hatch at (415) 398-2086 or to discuss The Virtú Multifamily Opportunity Fund-III, or any media inquiries regarding Virtú Investments.

This release contains forward-looking statements relating to the business and financial outlook of The Virtú Multifamily Opportunity Fund-III, L.P. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements.

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