SCOTTSDALE, Ariz. (Oct. 31, 2019) — Virtua Partners, a global-private equity real-estate investment manager announced the successful acquisition of the multi-tenant building located at 4800 North Point Parkway in Alpharetta, Georgia – an affluent community in the Atlanta MSA. The property was acquired at a purchase price of $13,000,000.
The 75,305 square-foot property will be 100 percent occupied by four tenants, anchored by a large A+ credit tenant. In addition to the property itself, the submarket exhibits healthy fundamentals, experiencing immense population growth and a healthy office market. North Fulton County experienced a 14.1% increase in population from 2010 to 2018 according to the U.S. Bureau of Economic Analysis. High-end amenities, a low cost of living and an abundance of educated workers also support a strong outlook for this property.
“This property is located in a highly competitive market, our ability to execute this acquisition with such strong drivers highlights the value we strive to provide,” says Quinn Palomino, Chief Executive Officer of Virtua Partners “The location, the outlook for economic growth and the established tenants are all reasons why we are proud of this acquisition.”
About Virtua Partners:
Virtua Partners is a global private-equity firm specializing in commercial real estate. The firm and its affiliates 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.
Virtua Partners’ goal is to provide superior risk-adjusted returns for high-net-worth individuals and family offices through comprehensive strategies, rigorous underwriting, and careful execution.
The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by the issuing company, or any affiliate, or partner thereof (“Virtua”). All potential investors must read the PPM and no person may invest without acknowledging receipt and complete review of the PPM. There is no assurance that investment objectives of any program will be attained. Consult the PPM for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to any investment. These investment opportunities have not been registered under the Securities Act of 1933 and are being offered pursuant to an exemption therefrom and from applicable state securities laws. Past performance are no guarantee of future results. All information is subject to change. You should always consult a tax professional prior to investing. Investment offerings and investment decisions may only be made on the basis of a confidential private placement memorandum issued by Virtua, or one of its partner/issuers. Virtua does not warrant the accuracy or completeness of the information contained herein.
Securities offered through Emerson Equity LLC Member: FINRA/SIPC. Emerson Equity LLC is not affiliated with Virtua or its subsidiaries.