The Dallas-Fort Worth International Airport Board has approved a $10 million commitment to a value-add real estate fund managed by Virtus Real Estate Capital, according to recent board-meeting minutes.
The capital went to Virtus Real Estate Capital IV, a fund that will invest in affordable housing, medical office, self-storage, and senior and student housing in the United States. IREI understands the fund opened to investors in January. An equity fundraising target was not disclosed.
Dallas-Fort Worth International Airport Board has more than $651 million of net assets under management.
