VIRTUS REAL ESTATE LLC other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm

Number of Employees:

43 -2.27%

of those in investment advisory functions:

7

Registration:

SEC, Approved, 8/31/2012

AUM:

599,387,813 0.08%

of that, discretionary:

599,387,813 0.08%

Private Fund GAV:

599,387,813 -5.26%

Avg Account Size:

85,626,830 0.08%

SMA’s:

NO

Private Funds:

7

Contact Info

512 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
599M 513M 428M 342M 257M 171M 86M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Virtus Real Asset Income ETF declares monthly distribution of $0.1748
06/22/2023

Seeking Alpha

CBRE Expands Senior Housing Platform
03/31/2021

Sweeny joins CBRE from the private equity firm, Virtus Real Estate Capital, where he led the company’s healthcare investment platform. Sweeny previously served as a director at the international ...

globest.com

Global X SuperDividend™ U.S. ETF
03/31/2021

© 2021 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and ...

markets.businessinsider.com

CBRE Adds SVP to Senior Housing Capital Markets Team
03/29/2021

Prior to joining CBRE, Texas-based Sweeny served as head of healthcare real estate investments at Virtus Real Estate Capital, a private equity firm involved in alternative real estate asset classes.

multihousingnews.com

Pioneer Mid Cap Value Fund Class K
03/26/2021

© 2021 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and ...

markets.businessinsider.com

North American Construction Group Ltd.
03/23/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons


Private Funds Structure

Fund Type Count GAV
Real Estate Fund 7 $599,387,813

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Private Funds



Employees




Brochure Summary

Overview

A. The Firm Virtus Real Estate, LLC (“VRE,” “Virtus,” and/or “the firm”), a limited liability company formed under the laws of the State of Texas, is a private fund adviser that structures, manages, promotes, sponsors, and through itself and affiliate entities serves as general partner and/or investment manager for various real estate pooled investment vehicles (each, a “Fund” or “Client”, collectively the “Funds” or “Clients”). Virtus was formed in 2009 and is ultimately primarily owned and controlled by Terrell F. Gates III. While VRE is registered as an investment adviser, its affiliates serving as Fund general partners or investment managers, and all of their personnel, are supervised by VRE as if each such entity were so registered. Therefore, throughout this Brochure, when we refer to “VRE,” “Virtus,” or the “firm,” we also refer to those affiliated entities and personnel, unless the context indicates otherwise. Virtus focuses on investment opportunities whose success does not require a robust economic environment, nor does it depend on cap rate compression. Instead, Virtus seeks to capitalize on opportunities arising out of increasing demand that can be sustained even in the face of a recession or a decline in general real estate values. Virtus seeks to achieve this by concentrating on property types whose demand is driven by one of four major demographic trends: the aging of the baby boomer generation, the coming of age of the “millennial” or “echo boomers,” the growth of the Hispanic market, and the high mobility of the U.S. population. Within these trends, Virtus targets investments that meet
four criteria: the asset must be viable regardless of the overall economy, there must be at least one structural risk mitigant, returns must be commensurate with perceived risk, and a qualified operational partner must participate. B. Description of Advisory Services Offered VRE is an independent investment advisory firm that structures, manages, promotes, sponsors, and through itself and affiliate entities, serves as General Partner for various real estate private funds. VRE recommends securities transactions that include securities and strategies as itemized in Item 8 of this Brochure, and as may be described in Offering Documents. C. Client-Tailored Services and Client-Imposed Restrictions VRE only manages the Funds. Each Fund has its own investment strategy described in its offering documents (the “Offering Documents”). D. Client Assets Under Management All assets of the Funds are managed on a discretionary basis. Virtus Assets Under Management as of December 31, 2023 Gross Asset Value Under Management (1) Assets Under Management (2) Regulatory Assets (3) $3,186 MM $1,657 MM $594 MM Notes: (1) NAV of all Virtus vehicles, plus unfunded limited partner commitments, plus property level and fund-level debt; excludes the value of assets owned by third parties. (2) NAV of all Virtus vehicles, plus unfunded limited partner commitments; excludes the value of assets owned by third parties. (3) 3(C)1 and 3(C)7 vehicles only. Does not include assets of 3(C)5 vehicles.