Frequently Asked Questions

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    • Q: What is the Virtú Evergreen Fund?

      An open-ended multifamily real estate fund focused on existing U.S. apartment properties. The Fund was built for capital preservation, compounding generational wealth, tax efficiency, and long-term alpha.

    • Q: When did the Evergreen Fund have its first close?

      December 2015.

    • Q: How does the Evergreen Fund use 1031 exchanges internally?

      Section 1031 of the IRS Code lets sale proceeds from real estate investment be reinvested in like-kind assets without paying gains tax at the time of sale. The Evergreen Fund applies this mechanism inside the fund — selling and reinvesting without tax friction — so working capital compounds without periodic tax drag. This is unusual for an open-ended, multi-asset fund.

    • Q: What is VRX?

      Evergreen | VRX is a DST-Alternative for 1031 Exchange, a new platform that allows owners of appreciated investment real estate to convert their holdings into partnership interest in the Virtú Evergreen Fund via IRS Code Section 1031 and Section 721 exchanges.

    • Q: What property types qualify for VRX?

      Any investment real estate — commercial, retail, industrial, office, farm, ranch, mixed-use, or residential.

    • Q: Are there transaction fees with VRX?

      No transaction fees are charged by Virtú Investments. Customary real estate transaction costs are passed through to the owner. 

      Learn more about Evergreen | VRX here.

    • Q: What community impact has Virtú generated?

      2019–2025 cumulative: 6,740 volunteer hours, 155,665 lbs of food drive donations, and 1,162 resident events.

    • Q: How energy-efficient are Virtú buildings?

      As of spring 2025, Virtú buildings outperform 98% of others in efficiency. The North Coast portfolio scores above more than 80% of comparable properties in ENERGY STAR ratings.

    • Q: What solar initiatives does Virtú operate?

      Barham Villas in San Marcos, CA is one of the only 100% solar-powered communities in the United States, and one of the first in-unit solar projects nationally.

    • Q: What is the pollinator program?

      Virtú sponsors 35 pollinator program beehives across the portfolio, producing 854 lbs of honey to-date for residents (as of Q2 2026).

      Learn more about the Impact Program here.

    • Q: What does Virtú do?

      Virtú is a multifamily real estate investment firm focused on the acquisition and management of apartment properties in the western United States. The platform is vertically integrated across acquisitions, underwriting, finance, and in-house property management (North Coast).

    • Q: When was Virtú founded?

      Virtú was founded in 1997 to acquire U.S. apartment properties.

    • Q: Where is Virtú headquartered?

      Larkspur, CA. A second office is located in Carlsbad, CA.

    • Q: What is North Coast?

      Virtú's vertically integrated in-house property management group. North Coast scopes, executes, and manages value-add business plans from acquisition through stabilization and disposition. The team has delivered exceptional outcomes for more than 20 years.

    • Q: How many properties has Virtú owned and operated?

      More than 135 properties totaling 23,000+ apartment units.

    • Q: How much capital has Virtú deployed?

      Virtú has invested $1.8B of private capital across $4.4B of real estate.

    • Q: Who are Virtú's investors?

      Family offices, high-net-worth individuals, and select institutional partners. As of Q2 2026, more than 1,600 limited partners are invested across Virtú vehicles.

    • Q: How many employees does Virtú have?

      Over 100 employees across the platform, including in-house investment professionals and on-site property management personnel.

    • Q: Who is the General Partner invested in the funds?

      Virtú's principals are significant investors in the Evergreen Fund, providing structural alignment with LP interests.

    • Q: In how many markets does Virtú invest?

      37 firm-wide markets. The Evergreen Fund currently holds assets across 17 of these markets.

    • Q: What is Virtú's geographic focus?

      Western United States, with select investments in supply-constrained metros. Current markets span Washington, Oregon, California, Arizona, Nevada, Utah, Colorado, New Mexico, Texas, Oklahoma, Illinois, Minnesota, and others.

    • Q: What investment solutions does Virtú offer?

      Three: (1) Virtú Evergreen Fund — a perpetual open-ended fund built for capital preservation, tax efficiency, and long-term alpha. (2) Virtú Opportunity Funds — closed-end strategies targeting cycle-specific vintages. (3) Virtú Evergreen|VRX — 721/1031 exchange solutions converting legacy real estate into Evergreen Fund interest.

    • Q: Does Virtú use third-party research?

      No. Virtú does not rely on forecasts from third-party research providers — experience shows they are unreliable at market inflection points. Internal proprietary research is synthesized from multiple sources and published quarterly.

    • Q: Who is Virtú's legal counsel?

      Goodwin — described in Virtú materials as the #1 ranked U.S. legal team for real estate fund formation.

    • Q: Who is Virtú's auditor?

      PwC — described in Virtú materials as the #1 ranked auditor for open-ended real estate funds.

    • Q: Who manages valuations?

      Kroll — described in Virtú materials as a leader in valuation management for real estate funds. Quarterly NAV for the Evergreen Fund is determined by Altus Group, a separate third-party valuation manager.

    • Q: Who do I contact for investor inquiries?

      investorrelations@virtuinvestments.com