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Virtua Capital Management Hires Two Industry Veterans as VPs of Strategic Relationships

Virtua Capital Management, the capital formation arm of Virtua Partners, has hired Michele Drummond and Michele Kyoko Wiens to each serve as vice presidents of strategic relationships to assist Virtua in raising capital nationwide. Find out more about how these two industry veterans will help propel the Virtua team!

Virtua EVP, Oliver Schwab, Joins Board of Opportunity Funds Association Founded By Former Senator Scott Staffer

Shafron “Shay” Hawkins, a former staffer for Senator Tim Scott, the main author behind the Opportunity Zone legislation, has confirmed his departure to found the Opportunity Funds Association, a Section 501(c)(6) trade association, with Surya Gunasekara, a lobbyist and former chief of tax and tax counsel for form Rep. Jim Renacci. The association will lobby

Virtua Credit Secures $17.6 Million in Opportunity Zone Funding for Virtua Partners and Quyp Development

Virtua Partners affiliate, Virtua Credit, has secured $17.6 million in opportunity zone funding for Virtua Partners’ development of 1,300 residential units and 250,000 square feet of commercial space. The projects aim to allow investors to defer income taxes on capital gains and potentially reduce or eliminate federal income taxes for their investment in these properties,

Virtua CEO Quinn Palomino Offers Her Advice on Opportunity Zone Fund Reporting – It Should Be Simple

Principal of Virtua Partners, Quinn Palomino, suggests that fund reporting be impactful, but simple. “It should include a breakdown of the number of jobs created with salaries and training for opportunities for upward mobility and, in the case of housing developments, the number of units created at market rate, workforce rate (priced for those earning

Virtua Partners Cited as First Firm to Break Ground on Opportunity Zone Project

In this story, Virtua Partners’ 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

National Real Estate Investor Quotes Virtua Partners on Need to Establish Social Impact Metric System

If done right, Opportunity Zones have the potential to be tremendously transformative for our communities. Virtua believes it a duty of the fund sponsors to define and comply to metrics of which this impact can be measured. “The long-term viability of the Opportunity Zone program is dependent on producing the social benefits promised to the