Virtú Investments Acquires Portofino Riviera in Sausalito, California
Virtú Investments has closed on its purchase of Portofino Riviera in Sausalito, California.
This acquisition presented an opportunity for the Evergreen Fund to acquire a 39-unit multifamily property with historic appeal and potential for significant value-add upside. Virtú’s business plans for the property include substantial renovations to unit interiors, common areas, and exterior finishes.
Sausalito is a waterfront community on the San Francisco Bay in Marin County, just north across the Golden Gate Bridge from San Francisco. Comparable in many ways to other gateway Bay Area submarkets, Sausalito offers upscale dining and shopping, boutique art galleries, and a refined outdoor lifestyle.
About Virtú Investments
Virtú Investments, headquartered in Larkspur, CA, is a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States. Since its founding in 1997, Virtú has acquired and operated 130+ properties, totaling more than 24,000 units and over $3.2BN in real estate. With more than two decades of focused multifamily investing, Virtú maintains a highly selective acquisitions practice and a fully integrated, in-house property management firm.