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Virtua Capital Management Welcomes Senior Vice President of Business Development

Scottsdale, Ariz. — October 7, 2019 — Virtua Capital Management (“the firm”), the capital formation arm of global private-equity real-estate investment manager Virtua Partners, is pleased to announce the hiring of Michael Roman who will serve as Senior Vice President of Business Development. Mr. Roman will head up distribution for Virtua Capital Management offerings launched

Virtua Capital Management Welcomes New Chief Compliance Officer

Scottsdale, Ariz. — September 24, 2019 — Virtua Capital Management (“Virtua”), the capital formation arm of global private-equity real-estate investment manager Virtua Partners, announced today the hiring of industry veteran, Curtis R. Christensen to serve as Chief Compliance Officer. Mr. Christensen brings over 19 years of experience in the investment management industry serving various asset

Virtua Partners Finalizes Purchase of Courtyard by Marriott in Winston-Salem, NC; Strategic partnership with Hotel Equities promotes continued growth through new development and acquisitions

SCOTTSDALE, AZ and ATLANTA, GA – (August 22, 2019) – Virtua Partners announced the purchase of a 126-room Courtyard by Marriott under construction in Winston-Salem, North Carolina. Hotel Equities will manage the Marriott hotel in downtown Winston-Salem when it opens in Q1 2020. Hotel Equities and Virtua Partners joined forces last year to expand upon their

The Capital Gains Tax ‘Opportunity’ of a Lifetime

A little-known provision within the Tax Cuts and Jobs Act of 2017 provides investors with a chance to earn returns on attractive investments, receive remarkable decreases to their capital gains taxes and make an impact on local communities. They are called Opportunity Zones. To better understand this exciting program, wealth managers and accredited investors should

The First Opportunity Zone Fund, One Year Later – Quinn Palomino on OpportunityDb Podcast

It’s been over one year since we first launched our first Opportunity Zone Fund. Since then we have raised roughly $100 million, nearly half of which has already been deployed. We have also celebrated the groundbreaking of multiple projects. Listen to the full podcast here In the 50 minute podcast episode, Quinn Palomino discusses how

Shay Hawkins on the need to restore reporting requirements in Opportunity Zones in Morning Consult

Shay Hawkins is the President and CEO of the Opportunity Funds Association. He served as Senator Tim Scott’s (R-SC) Tax and Economic Policy Counsel during the Tax Cuts and Jobs Act and Treasury’s subsequent Opportunity Zone Regulation implementation. In this op-ed submission Shay discusses the need for a firm set of reporting standards to measure

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,