Virtú Investments announced it has acquired Marlowe, a 176-unit multifamily property in Chicago.
Marlowe is located in Chicago’s River North neighborhood, providing residents with access to top-rated dining, retail and entertainment options, as well as nearby major employers. The luxury property offers amenities including a rooftop lap pool, private garage with electric vehicle charging stations, a fitness studio with yoga space and community lounge with gaming tables and bar.
Virtú acquired Marlowe through co-ownership by the Evergreen Fund, the firm’s closed-end opportunity fund (JVOF), and a single-asset syndication. The Virtú Evergreen Fund is an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity, and is designed to take advantage of 1031 Exchanges within the fund to perpetually defer taxes on gains and cashflow.