Business Details
29 Years
experience
Multifamily Real Estate Investment Management Experts
Founded in 1997, Virtu Investments has established itself as a leader in multifamily real estate investment management. Our approach combines deep market research, cycle-aware strategies, and full-spectrum execution to deliver long-term value for limited partners. With a portfolio spanning over 135 properties and 23,000 residential units, we focus on identifying structural supply imbalances through boots-on-the-ground insights and decades of experience. Our vertically integrated model enables strategic acquisition, optimization, and activation of assets aligned with market demand. The companys culture prioritizes collaboration, fostering high-performing teams that drive both financial returns and community impact. Through North Coast, our property management division, we implement technology-driven operations and sustainability initiatives that consistently outperform industry benchmarks.Our Impact Program integrates environmental stewardship and social responsibility into every business plan, evidenced by achievements in energy savings and community engagement. Leadership at Virtu Investments emphasizes transparency, aligning investor interests with operational excellence across both open-end and closed-end fund structures. This disciplined methodology has generated a historical average net IRR of 19.2% across liquidated investments. Today, we continue building on three decades of cycle-tested performance, maintaining focus on asymmetric opportunities in the evolving multifamily sector.
Services
Multifamily Investment Management
Open-End Fund Strategies
Closed-End Fund Opportunities
Property Management Services
Asset Optimization
Sustainability Consulting
Investor Relations
Market Research
Portfolio Diversification
Impact Investing
Details
- Year established: 1997
Highlights and features
- We implement a cycle-aware methodology targeting structural supply imbalances in multifamily markets
- Our vertically integrated platform enables full-spectrum control from acquisition to asset activation
- North Coast property management consistently outperforms national benchmarks in resident satisfaction
- Impact Program integrates sustainability initiatives achieving measurable environmental and social outcomes
- Three-decade track record demonstrates disciplined approach to value creation and risk management
Services
Multifamily Investment Management
Our multifamily investment management service combines market research with operational expertise to identify value opportunities. We execute strategic acquisitions and asset optimization across the US housing market. This approach delivers consistent returns through both economic expansions and contractions.
Open-End Fund Strategies
The Virt Evergreen Fund provides long-term capital appreciation through tax-efficient reinvestment strategies. This hybrid open-end fund structure allows for biennial redemptions after a five-year lock-up period while maintaining flexibility for opportunistic investments.
Closed-End Fund Opportunities
Our closed-end funds target distressed markets and supply-constrained environments with defined exit strategies. These time-limited investment vehicles focus on high-impact value-add opportunities with an eight-year term structure and targeted 15-20% IRR.
Property Management Services
North Coast delivers comprehensive property management through technology integration and employee engagement. Our services cover leasing, maintenance, financial reporting, and resident experience programs across 23,000+ multifamily units nationwide.
Impact Program
This comprehensive ESG program implements energy-efficient upgrades, community development projects, and social impact initiatives. We measure success through quantifiable metrics in energy savings, resident engagement, and neighborhood contributions across our portfolio.
People
Mike Green
Chief Executive Officer
Mike Green leads Virtu Investments' strategic vision and overall growth initiatives. With extensive experience in real estate investment and fund management, he oversees the company's multifamily portfolio and long-term value creation strategies.
Blake Hayunga
Chief Operating Officer
Blake Hayunga manages day-to-day operations and business development efforts. He focuses on optimizing organizational efficiency while maintaining the company's culture-driven approach to multifamily investment management.
David Carroll
Chief Financial Officer
David Carroll oversees financial operations, including fund accounting, investor reporting, and capital market activities. He ensures financial discipline across all investment vehicles and maintains strong investor relationships.
Ritesh Patel
Chief Investment Officer
Ritesh Patel leads investment strategy and portfolio management. He identifies market opportunities, executes acquisitions, and directs asset optimization efforts across the company's multifamily holdings.
Scott McWhorter
Founding Partner
Scott McWhorter co-founded Virtu Investments and continues to shape its investment philosophy. His expertise in real estate markets and value creation strategies informs the company's long-term direction.
Questions
What investment strategies does Virtu Investments specialize in?
We focus on multifamily real estate investments through both open-end and closed-end fund structures. Our strategies target supply-constrained markets with value-add opportunities and cycle-specific positioning.
How does Virtu Investments approach property management?
Our North Coast property management division uses technology-driven operations, employee engagement programs, and online reputation management to consistently outperform industry benchmarks across 23,000 residential units.
What is the Impact Program at Virtu Investments?
Our sustainability initiative achieves measurable environmental benefits through energy-efficient upgrades, solar power implementation, and community engagement programs that include resident events and neighborhood support.
What are the target returns for Virtu's funds?
The Virt Evergreen Fund targets 11-13% IRR with tax-efficient compounding, while the Virt Opportunity Fund seeks 15-20% IRR through tactical investments in distressed, high-demand markets.
How can investors access Virtu's funds?
We offer accredited investors access to both perpetual open-end funds for long-term appreciation and closed-end funds for tactical market opportunities with defined investment horizons.
