Quinn Palomino, CEO of Virtua Partners speaks with Kelsi Borland of GlobeSt. on the first-ever Opportunity Zone groundbreaking In this GlobeSt.com story, Virtua Partner's CEO Quinn Palomino speaks on Virtua Partners breaking ground on the first ever Opportunity Zone project - a Springhill Suites by Marriot in Avondale, AZ. The 130-room hotel is built on a vacant lot in a designated Opportunity Zone. In total Virtua Partners' development will create at least 30 full-time employment opportunities for local residents and 120 construction jobs. The hotel will be managed by Hotel Equities, a strategic partner with Virtua Partners. For the full story read here.
Read why Quinn Palomino is calling for a national system to measure the social impact of all Opportunity Zone projects in the National Real Estate Investor The viability of the Opportunity Zone program is depend on the social impact of each project. Virtua Partner's CEO Quinn Palomino discusses why implementing ways to measure a project's impact on the community matters in this National Real Estate Investor story
[caption id="attachment_1842" align="aligncenter" width="382"] Virtua Partners cited as first to break ground on Opportunity Zone development in The New York Times[/caption] On February 1st, Virtua Partners broke ground on the first-ever Opportunity Zone development and hosted a round-table discussion featuring key program advocates, local and national government officials and other program stakeholders. The event was covered exclusively by The New York Times. Read the full story here. [caption id="attachment_1866" align="alignnone" width="682"] Location of Virtua Partner's first Opportunity Zone development[/caption]
Listen here to Quinn Palomino on Bloomberg Radio discussing Opportunity Zones (5:13) Quinn Palomino, CEO of Virtua Partners, joins Carol Massar of Bloomberg Radio to discuss the latest trends and updates on Opportunity Zones. Quinn also goes into detail about Virtua Partners, the recent projects and new developments specific to the Opportunity Zone program. Finally, she shares why implementing a system to measure the social impact of each Opportunity Zone project is important to Virtua Partners and the entire program more broadly
The new development sets the stage for implementation of the Opportunity Zone program SCOTTSDALE, Az. – (February 1, 2019) – Virtua Partners, the Scottsdale-based private equity firm, and its management partner Hotel Equities, marked a new chapter today for the Opportunity Zone program. Local officials, community leaders and project partners gathered to celebrate the groundbreaking of the new 130-room Springhill Suites by Marriott being constructed in the Phoenix suburb of Avondale. In addition to being a first mover, Virtua Partners is leading the charge to ensure that the Opportunity Zone program provides the economic and social benefits promised to local communities. To that end, Virtua Partners hosted a roundtable policy meeting for stakeholders, policymakers and thought leaders to discuss how to assess, measure and track the social impact of Opportunity Zone projects. One result of this discussion was…
Read Quinn Palomino's thoughts on why single-family rentals make a compelling investment in this U.S. News & World Report story Quinn Palomino, CEO of Virtua Partners, shares her insights on why single-family rentals make for a compelling investment in the current market environment. Quinn also discusses the outlook for the single-family rental housing market across the country especially compared to other real estate asset classes.