Category Archives: Real Estate

Virtua High Growth Fund Completes Sale of Kentucky Apartment Interest

Virtua High Growth Fund (VHGF) has completed the sale of its interest in Patchen Oaks Apartments, a 192 unit apartment complex located in Lexington, Kentucky.VirtuaPartners logo

In March 2016, VHGF purchased a minority interest in the Patchen Oaks property based on an equity valuation of $1,066,428.  The apartment project was sold on April 20th with net proceeds of $4,812,188, which represents a fund level return of 317% IRR, or approximately 4.5X multiple.

“This is a strong return for our investors, even after adjusting for risk,” commented Virtua principal Quinn Palomino. “The Patchen Oaks investment is part of our high growth series of funds and syndications, which are designed to produce capital gains for our investors.” Continue Reading

Wounded Warrior Project Connects Veterans to Housing Benefit Resources

Real Estate Assistance Available for US Veterans Purchasing a house can be a daunting process, especially for those unsure about how to use home loan benefits from the Department of Veterans Affairs (VA). During a recent Wounded Warrior Project (WWP) program event, a group of injured veterans learned about getting the most from their benefits while… Continue Reading

Santa Rosa Apartments in Wildomar Sells to MG Properties Group for $74.5M

MG Properties Group, a private San Diego-based real estate investor and operator, recently announced the acquisition of the Santa Rosa Apartments in Wildomar, California. Built in 2008, Santa Rosa offers 320 luxury apartment homes in a desirable low density two-story walk-up design. Santa Rosa is adjacent to the Inland Valley Medical Center, Kaiser Permanente, and Southern… Continue Reading