 |
Are
you a successful real estate operator or developer? If so, your best
use of time is finding and executing solid real estate projects, not
spending countless hours trying to capitalizing each deal.
Virtus
partners exclusively with proven real estate operators and developers
in providing the entire capital stack for projects between $15 million
and $1 billion. We’re interested in developing long-term relationships,
where together, we can make numerous programmatic investments with
lucrative returns for both parties.
Virtus
is a reliable capital source that is more creative and flexible than
institutional real estate institutions, and offers greater capacity and
expertise than syndicators or ‘friends and family’ investors. We
recognize our partners’ role and expertise and allow you to do what you
do best, and provide lucrative compensation for delivery of successful
projects.
Because
Virtus recognizes that real estate investing, capital markets and
credit markets are constantly changing; we believe it’s prudent to have
a diverse capital base allowing us greater flexibility and capacity. We
access one or more of the following resources when capitalizing a real
estate investment or series of investments:
- Virtus Partner capital
- Fiduciary/discretionary capital
- Ultra high net-worth syndicated capital
- Institutional co-investments
- Deal size between $15 million and $1 billion; historical median of $37 million
- Experienced operating partners
- Target 25% gross levered IRR to the capital on acquisitions; 35% on ground-up developments
- Any asset class considered, but focused on
- Medical Office
- Assisted living
- Skilled nursing
- Student housing
- Value-add retail in Hispanic-concentrated areas
- Multi-family
- Path of progress self-storage
- Current cash flow
- Pre-sales or pre-leases to cash flow positive on ground-up
- Under-market basis from distressed sale
- Multiple exit options
- Immediately accretive event such as up-zoning or new entitlements
- Inducement packages such as tax increment financing, abatements, federal refunds, etc.
|
|
