Home Alts News Phoenix American Financial Services Partners with Virtus Real Estate Capital

Phoenix American Financial Services Partners with Virtus Real Estate Capital

Transfer agent Phoenix American Financial Services announced a new fund services contract with Virtus Real Estate Capital providing transfer agent and investor services to the Austin-based real estate investment fund manager.

image_pdf

Transfer agent Phoenix American Financial Services announced a new fund services contract with Virtus Real Estate Capital providing transfer agent and investor services to the Austin-based real estate investment fund manager.

Virtus focuses exclusively on niche property types whose demand is driven by demographic trends and social need including senior living, medical office, student housing, workforce housing, self-storage, and education assets.

The company has launched 40 investment vehicles consisting of over 193 assets with a combined acquisition value of $3.2 billion.

“We are very excited to have Virtus coming on board,” said Andrew Constantin, senior vice president of operations at Phoenix American. “Virtus is part of a trend in alternatives where firms are seeking back office efficiency and cutting-edge systems. Investors, financial advisors, and government regulators are expecting cost savings and flexibility more than ever from fund companies.”

Phoenix American, which initially sponsored equipment leasing funds beginning in 1972, provides back office outsourcing, fund accounting and transfer agent services as well as sales and marketing reporting services to fund companies in the alternative investment industry. The company has five offices worldwide and is headquartered in San Rafael, California.

For more Phoenix American Financial Services news, please visit their directory sponsor page.