Investing in real estate can offer investors both diversification within their portfolio as well as protection during a downturn depending on the asset. Virtua Partners Co-Founder and CEO Quinn Palomino discussed why real estate is one sector investors may want to consider in U.S. News and World Report. Read the full article here: http://bit.ly/2YXbGaQ
Virtua Partners Co-Founder and CEO Quinn Palomino answered the following 5 questions in this Hotel Management Magazine Feature: https://www.hotelmanagement.net/own/5-questions-virtua-s-quinn-palomino 1.) Opportunity zones are part of your strategy. Can you tell us how you are using opportunity zones when it comes to investing in U.S. hotels? What benefit do you find here? Any challenges? 2.) At this point in the cycle, what is your firm looking at in terms of U.S. hotel investment? 3.) Do you think a downturn is on the close horizon? 4.) What is your biggest opportunity heading into 2020? 5.) How about your biggest challenge, and how will you overcome it?
Ground-up, purpose-built, single-family rental communities have grown in popularity as an attractive investment option. Senior VP Byron Plant, explained how Virtua Partners aims to meet this demand. Read the full story on Real Estate Fund Intelligence: http://bit.ly/2sDX0l6
President of Virtua Credit, Ethan Schelin, explained the increase in popularity of modular construction as an attractive opportunity for private lenders in growing their businesses. Turn to page 46 of the Scotsman Guide to read his thoughts: http://www.sg-comdigital.com/comdigital/201912ce/MobilePagedReplica.action?pm=2&folio=46#pg46
Virtua Partners announced the grand reopening of its 190-room Springhill Suites by Marriott hotel in Houston. The property is managed by leading hotel management firm and affiliate, Hotel Equities. Read the full story in the Houston Chronicle: https://www.chron.com/business/texas-inc/article/Strong-institutions-deep-labor-pool-fuel-hotel-14885687.php
SCOTTSDALE, Ariz.--(February 20, 2020)--Virtua Partners (together with its affiliates, “the firm”) today announced the successful refinancing of Met Center 15, a 257,600 square foot office and flex commercial project in Austin, TX. The refinancing was made possible through the recent renewal of a key lease facilitated by the efforts of Clear Vista Management, a Virtua Partners affiliate. The refinancing enabled the project to reduce carrying costs by taking advantage of current interest rates and retiring unsecured debt and preferred equity. Met Center 15 is currently a 100% leased and stabilized property occupied by corporate tenants that boast strong credit profiles. The property is located south of the Austin Central Business District, near the Austin-Bergstrom International Airport. “Of all of our recapitalization and refinancing efforts, this project really shows what our…
As market demand increases for new rental developments, investors have an opportunity to capitalize on Single-family rentals (“SFRs”) due to changing consumer preferences in housing. With rents on track to outpace inflation as well as the overall commercial real estate market, the disparity between supply and demand means now may be an excellent time for investors to consider this asset class. There are four important aspects that potential investors should bear in mind: 1) the Millennial housing mindset, 2) portfolio supplementation, 3) how SFR stacks up against multifamily, and 4) SFR community opportunities. We discuss each of these factors in greater detail below. Housing Trends Among Millennials Millennials seem to lack the same attachment to homeownership that Baby Boomers did at a similar age. Renters head more U.S. households than…