June 14, 2005

Virtu Investments Acquires Micron Avenue

San Francisco, CA — Virtú Investments, LLC, a San Francisco based real estate investment management firm, purchased Micron Avenue, Sacramento, CA for $7.8 million on June 14, 2005.

The 75,000 square foot, single-story, office building, located at the Bradshaw Interchange of Highway 50 was an attractive acquisition investment for Virtu due to the value-added nature of the investment opportunity. 9616 Micron Avenue was 80% leased at the time of purchase allowing for significant upside by leasing the available space as well as by renewing several existing leases at market rental rates.

Michael Green and Scott McWhorter formed Virtu Investments in 1997. Since then, the company has acquired over forty properties throughout the country. The company's current portfolio is valued at approximately $400 million and Virtu has approximately $120 million of private equity under management.

Virtu performs its own property management and has offices in San Francisco, Carlsbad and Carmel, CA as well as Seattle, WA and Tulsa, OK and Scottsdale, AZ. The majority of the company's assets are apartment buildings, but in the last couple of years Virtu has been buying office buildings. In 2003, Will Fleming (415-398-4202) joined Virtu Investments as the Commercial Acquisitions Director and is focused on acquiring value-added office buildings in the western US.

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