Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, has announced the launch of VRX, an innovative platform that allows property owners to defer taxes on real estate sales proceeds and invest alongside the Virtú Evergreen Fund, a professionally managed multifamily fund built for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity.
In an interview with IREI, Michael Green, CEO at Virtú Investments, said, “This will be the first time we’ve opened [the Evergreen Fund] up to retail 1031 money coming in. It gives us at the Evergreen Fund another channel of cash that we think is particularly appropriate now when the market has taken a big drop from the top. I’ve done this now three cycles; we like to add when we see the markets that do this, that give 30 percent back, when there’s some distress. We think it’s a grea