Who We Are
Virtua Partners is a global private equity firm specializing in commercial real estate. We sponsor a variety of investment funds and commercial real estate projects across the United States and currently have 16 million square feet of assets under management or development.
Our goal is to provide superior risk adjusted returns for high net-worth individuals and family offices. We accomplish this through comprehensive strategies, rigorous underwriting, and careful execution.
At Virtua, we have an extensive background in multiple disciplines including restructuring, development, structured finance, debt and equity origination, asset and property management, and fund management.
Investor Centric Approach
We want our investors to achieve financial freedom and long term financial stability; their needs and risk profile are always at the forefront of our decision making.
We offer complete transparency to investors as we guide them through our investment strategy, capital deployment, and asset disposition.
Our experience through the market cycle gives us the unique ability to adapt to market trends, providing value add strategies when markets turn adverse.
Our expertise across a range of verticals, along with our family of companies, allows us to successfully execute on investment opportunities.
Problem Solvers – Entrepreneurial – Approachable – Creative
Our team has deep experience managing commercial real estate investments through multiple market cycles. We are problem solvers who see opportunity in challenging markets and difficult projects. Our distinct approach is our adaptability to complex market conditions across multiple disciplines.
years of combined experience
in restructuring or transactions
transactions completed by the executive team
Quinn’s Asset Management portfolio consists of over 2.7MM square feet of commercial real estate nationwide. Prior to her current roles within the fully-integrated real estate firms, Quinn was the Director of Business Development for a commercial real estate workout firm in San Diego, CA where she worked on more than $2B of TIC investments. Quinn was also a partner at a San Diego based construction and development firm, where she worked on development projects with government agencies, including the California Department of Parks and Recreation and the City of Pittsburg, California Redevelopment Agency.
Lloyd Kendall Jr.
Lloyd is the Chairman and co-founder of Bay Commercial bank. He is a lawyer and has practiced in the bay area since 1978, specializing in real estate and tax law. His specialty is tax free exchanges and related matters. After leaving the IRS, Lloyd founded Lawyers Asset Management, Inc. acting as a “Qualified Intermediary” for tax free exchanges under §1031(a) of the Internal Revenue Code; in 2006, his company merged with Commercial Capital Bank. He served as tax counsel for several title companies and was the President of Equity Investment Exchange, Inc., a competitor owned by Mercury Title Companies of Colorado. Lloyd is the author of 1031 Exchange Concepts, a treatise on tax deferred investment strategies.
Virtua Partners’ Subsidiary Managers
President of Virtua Capital Management
Virtua Capital Management, LLC (VCM) oversees the capital formation functions and investor processing and securities compliance for the investment funds sponsored by Virtua Partners. Virtua Capital Management also oversees fund structuring, fund accounting, fund administration, offering materials generation, marketing collateral, fund marketing, issuer sales for the investment funds, and building and maintaining investor relations domestically and abroad.
Virtua Capital Management primarily generates revenue through investment management agreements with the funds under management. Management fees are dependent on the volume of assets under management; these fees provide a predictable and steady flow of income.
VCM is led by Derek Uldricks. Mr. Uldricks holds a Series 65 license from FINRA. VCM is in the process of registering as an investment advisor with the SEC and applicable US states, and oversees compliance under the Investment Advisers and Investment Company Act, respectively.
President of Virtua Credit Corporation
Virtua Credit Corporation (VCC) is a structured finance and lending platform within the Virtua Partners organization. VCC focuses on originating, structuring, and procuring equity and debt capital for real estate. Types of investments include leveraged transitional first mortgages, high yield debt, mezzanine debt, and preferred equity.
Virtua Credit is led by Ethan Schelin, President of Virtua Credit Corporation and is based in Newport Beach, California.
Ethan has many years of commercial real estate experience, including the origination and placement of capital of over $600MM in commercial assets. Previously he served as a Director for Newport Beach and Beverly Hills based Capital Advisory Firms. His prior experience includes acquisitions and due diligence, financial analysis, dispositions, and asset management for over $2 Billion in real estate and related assets. Ethan holds an MBA from the University of Southern California, a BA in Economics from UC Davis, a Certificate in Light Construction & Development Management, and is a Licensed Real Estate Broker.
President of Versant Commercial Brokerage
Versant Commercial Brokerage, Inc. (Versant) oversees all of the acquisitions, dispositions, underwriting, market intelligence, market relationships, due diligence and commercial real estate brokerage functions for the Virtua Partners organization. Versant underwrites transactions for the Virtua organization, serves as the acquisitions and dispositions broker (including due diligence), and provides restructuring advisory services to third party clients.
Versant Commercial Brokerage, Inc. is led by Matthew Mueller, President of Versant Commercial Brokerage, Inc. Mr. Mueller is a licensed real estate broker and mortgage loan originator. Matt Mueller brings over 16 years of capital markets and investment real estate experience, including more than 500 completed transactions. As a broker, he structured a wide range of commercial real estate transactions, including investment, syndication, and development opportunities. Matt handled feasibility analyses for Fortune 500 companies as well as institutional and private investor clients.
President of Quyp Development
Quyp Development Services, LLC is the main development company for the Virtua Organization. Quyp Development oversees development, deal acquisition, due diligence, deal structuring, entitlements, engineering, governmental relations, and dispositions.
Quyp Development is led by Nick Montague and supported by Jack Rose, Tony Hinrichs, and Ed Reichenberg. The company currently has twenty two projects under development in Arizona, Nevada, Texas and Tennessee.
With over 13 years of real estate experience, Nick has analyzed over $4 billion of commercial real estate loans and investments opportunities. For the past four years he has worked with a commercial real estate workout and restructuring advisory company. Prior to this, his experience includes over $500MM in underwriting analysis for a large CMBS lender and commercial real estate development on ground up mixed use and office properties. Nick has experience on a wide variety of commercial real estate property types across the country with specific focus on underwriting, proformas, valuations, complex joint ventures, capital structures and multi-tiered waterfalls. He received a BS from California State University, Long Beach with a double major in finance and international business.
President of Quyp Hospitality
Led by Joe Whalen, Quyp Hospitality oversees the vertical development of the hotels under construction in the Virtua organization. Quyp Hospitality interfaces with franchisors like Marriott International and Hilton Worldwide, hotel operators, construction companies, engineers, land planners, governmental agencies, consultants, outside counsel, and vendors to produce a completed hotel. Quyp Hospitality currently has several projects under development under the Marriott International flag.
Previously Joe worked at JPMorganChase where he managed a diverse team of banking and finance professionals. During that time, he was directly responsible for forecasting revenue and sales, expanding client base, and deepening existing client relationships. Prior to entering the finance field, Joe was a career officer and pilot in the United States Navy. During that time he amassed more than 4,000 military flight hours and was deployed in support of various campaigns worldwide. Joe graduated with a Master’s in Business Administration from Texas A&M University, Corpus Christi and earned his B.A. from Boston University.