Virtua Capital Management, the capital formation arm of private equity real estate investment manager Virtua Partners, has hired Michele Drummond and Michele Kyoko Wiens to each serve as vice presidents of strategic relationships to assist the firm in raising capital nationwide.
Drummond, who joins Virtua with 13 years of experience in the investment industry, most recently served at SVP of national and institutional accounts at SC Distributors. She previously held positions at Cole Capital, Walton International Group and Deutsche Bank.
Michele Kyoko Wiens has more than 16 years of investment industry experience and was most recently VP of national accounts with CIM Group. Prior to that, she held positions at Cole Capital, MFS and The Hartford.
“These two seasoned professionals have made a name for themselves in the industry and we’re excited to bring that expertise to the Virtua team,” said Derek Uldricks, president of Virtua Capital Management. “We’ve seen strong demand for our opportunity zone funds, as well as our other private placement offerings. As Virtua expands, Ms. Drummond and Ms. Wiens will be crucial to our national sales strategy and overall growth trajectory.”
Virtua Partners and its affiliates sponsor a number of investment funds and commercial real estate projects across the United States and currently have 16 million square feet of assets under management or development.
The company’s commercial real estate investments primarily include hospitality and office, as well as residential properties throughout the country. Virtua claims that it has targeted a series of investments totaling more than $500 million, some of which will be deployed through hospitality investments and opportunity zones, as well as acquisitions and new development.