Virtú Investments Acquires Mira in Los Angeles, CA
Virtú Investments purchased Mira Warner Center in an Opportunity Zone of Los Angeles, CA. The Mira is a brand new, 174-unit development located within Canoga Park, an exceptional location within Warner Center.
Warner Center is the fastest growing neighborhood in Los Angeles. As a master-planned, mixed-use community that boasts 7.5 million square feet of Class A office space, the Westfield Topanga, and Village Mall, this area is home to over 1 million square feet of retail and 25 restaurants. Considered the “Downtown of San Fernando Valley”, Warner Center is expanding rapidly. When fully built out by 2035, Warner Center is expected to offer 14 million square feet of commercial space.
The purchase of Mira Apartments presented Virtú an opportunity to acquire a Class A property in a gateway market with a 30-year history of severe supply constraints. For renters, Mira offers an exceptional quality of life in a well-established Los Angeles suburb that provides significant relative value when compared to other nearby commuter markets.