January 19, 2005

Virtú Property Management Announces Promotions

San Francisco, CA — Virtú Property Management, LLC an affiliate of Virtú Investments, LLC, announced that Chuck Janway has been named Vice President of Property Management for Virtú Investments' portfolio of roughly 4200 apartment units.

Mr. Janway will be working with Blake Hayunga, Chief Operating Officer of Virtú Investments, to manage the properties. "An innovative leader with broad operational expertise and experience, Chuck has exercised his strong technical and practical background in real estate asset management to great effect for our Seattle holdings. We are very excited about putting Chuck into a position where he can share this knowledge with the seven other markets where we are active," said Mr. Hayunga. Prior to coming to Virtú Property Management, Mr. Janway managed a portfolio of over 5,000 units in a five state region based in Houston, Texas and operated his own fee management company responsible for a real estate portfolio concentrated in the Puget Sound area.

In addition to Mr. Janway's new role, Virtú Property Management also named Kim Basich and Sheilla Faria Regional Property Managers. Ms. Basich will be responsible for Virtú operated assets in Eastern Texas, Oklahoma and Mississippi. Ms. Faria will concentrate on assets in Western Texas, Kansas City and Seattle. Mr. Hayunga goes on to say, "Both Kim and Sheilla are talented professionals with extraordinary careers ahead of them. We are very lucky to have leaders of their caliber driving continuous improvement in these critical areas of operations for our firm." The position of Regional Property Manager reports directly to Mr. Janway.

Michael Green and Scott McWhorter founded Virtú Investments in 1997. Since then, the company has acquired over forty properties throughout the country. The company's current portfolio is valued at approximately $300 million and Virtú has approximately $100 million of private equity under management. Virtú performs its own property management and has primary offices in San Francisco and Carlsbad California and satellite offices in Seattle, WA and Scottsdale, AZ. For more information concerning acquisitions in the South & Midwest contact Marc Olivieri, 480-425-2471, for information concerning Residential acquisitions on the West Coast contact Wilson Ling, 415-398-2086, and for information concerning Commercial acquisitions on the West Coast contact Will Fleming, 415-398-4202.

DOWNLOAD PDF
(Requires Adobe Acrobat Reader)