Virtua Distressed Hospitality Fund I - InvestmentsNationwide
The hospitality industry has been profoundly impacted by the COVID-19 pandemic. Virtua Partners has been studying hospitality assets across the country and believes now is the time to potentially look at investing in distressed hospitality assets.
In our offering review, we detail the opportunity we see in the new economy and how the fund ties into this new post-pandemic dynamic.
Learn why this investment might be a fit for your portfolio by downloading our offering overview today.
Investment in the Fund is inherently speculative. Targeted cash flow and business plan objectives are goals of the Fund and not projections of performance. This is an illiquid investment and there is no guarantee the Fund will exit in the time forecasted.
Risks of the Offering
For a thorough discussion of risks please see the Private Placement Memorandum. Some of the risks include:
Specifically, investors in this Offering risk losing all capital invested therein and/or may not generate the returns at the levels the Fund expects?The investment is illiquid, and members may not withdraw without Consent of the Fund Manager or in contravention of SEC Rule 144?The Fund’s investments will be in a specific asset. The investment will not be widely diversified geographically or by asset class.?Cash distributions generally will be available only to the extent that the Fund has cash receipts available to meet all obligations and to thereafter return capital and profits to its members
Real Estate Risks
The Fund’s business is subject to all the risks associated with the real estate industry?
Investments in real estate are speculative in nature?Many of these factors are not within the Fund’s control and could adversely impact the value of the Fund’s investments.
These factors include, but are not limited to:
- downturns in worldwide, national, regional and local economic conditions;?
- conditions affecting real estate in specific markets in which the Fund may invest, such as oversupply or reduction in demand for real estate;?
- changes in interest rates and availability of attractive financing;?
- changes in real estate and zoning laws;
- environmental and/or engineering issues unforeseen in due-diligence, and changes in environmental legislation and related costs of compliance;?
- condemnation and other taking of property by the government;?
- changes in real estate taxes and any other operating expenses;
- the potential for uninsured or underinsured property losses.