Virtú Investments acquires San Diego multifamily property ALX

Virtú Investments (Virtú) announced it has acquired ALX, a 313-unit multifamily property in San Diego.

“The San Diego market is a great example of what we look for when considering new properties — a popular city with low apartment supply, increasing renter demand and valuations well below their peak,” said Michael Green, CEO and founding partner at Virtú Investments. “The acquisition of ALX perfectly aligns with this focus, and we look forward to building on this strategy through similar transactions in the near future.”

Located in San Diego’s Ballpark District neighborhood, ALX provides residents with easy, walkable access to areas of the city. The luxury high rise offers a range of amenities, including a rooftop saltwater zero-edge pool and spa, a state-of-the-art fitness center and game room.

Virtú acquired ALX primarily through the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, ext