Real Estate/Development
Apr. 26, 2017
Virtua sells interest in Kentucky apartments
Virtua High Growth Fund, a unit of San Diego's Virtua Partners and Virtua Capital Management, completed the sale last week of its interest in Patchen Oaks Apartments in Lexington, Ky.
In March 2016, Virtua purchased a minority interest in the 192-unit complex. The fund received a 317-percent return on its investment following the recent sale of the property.
"This is a strong return for our investors, even after adjusting for risk," Virtua principal Quinn Palomino said in a statem...
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