× Main Page Fashion Lifestyle Sport Home Travel Real Estate Business


Virtua Partners Completes Virtua Land Acquisition Fund I

Friday, December 8, 2017

Virtua Partners


Source : Virtua Partners

Facebook Share Twitter Tweet Google Plus Share

Private equity firm Virtua Partners announced this week that affiliate Virtua Capital Management has closed the Virtua Land Acquisition Fund I ("VLAF I"). VLAF I is under contract to purchase thirteen properties located in the fast growing Southwestern cities of Mesa, Phoenix, Tempe, Glendale, Avondale, Goodyear, and Leander. The total purchase price for the thirteen properties is $22,178,111, with total acreage of +/- 269.85.

VLAF I focuses on entry level and step up residential properties, including single family residential, townhouses, and multi family. One of the projects is mixed use, and all of the projects are infill. Virtua expects to sell fully entitled lots to home builders, or build the projects through affiliate Quyp Development.

"We are excited to complete our first land acquisition fund," said Quinn Palomino, Co-Founder of Virtua Partners. "Up until now we capitalized our projects individually. The fund structure allows us to increase scale and improve efficiency."

"We continue to be bullish on the economic outlook for the Southwestern and Southeastern United States," said Nick Montague, President of Quyp Development. "The underlying economic fundamentals are strong in Phoenix, Austin, Dallas and Atlanta. We believe that the economic expansion will continue and that these markets will benefit disproportionately."

The BMW Motorrad Concept 9cento combines emotion and performance with an adventurous spirit, agility and riding fun to create the ideal sports touring bike.
Jinmao Hotel Lijiang joins new hotel brand in China: Renewal of long term management agreement for Grand Hyatt Shanghai hotel strengthens collaboration with the Jinmao Group
Throughout the week, several events were held in the home hosted by Victoria's Secret Angels where VIPs, influencers, stylists and more were able to check out the latest collections.
Amazon.com today announced plans to open its first fulfillment center in Oklahoma, creating more than 1,500 full-time jobs by the end of 2019. The more than 600,000-square-foot, state-of-the-art facility will be located in Oklahoma City.