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Virtus Real Estate Capital

Private equity

Austin · 41 people tracked

Also known as VIRTUS REAL ESTATE LLC

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Investment thesis

Virtus Real Estate Capital invests in essential real estate sectors such as middle-income housing and medical outpatient facilities, combining an operator's mindset with a capital allocator's discipline. The firm uses flexible capital mandates spanning strategies and horizons rather than forcing opportunities into a single fund in market. It emphasizes deep, long-standing sector relationships, creative public-private partnerships, hands-on operational engagement, and disciplined, predictive data analysis. Relative value drives its decisions from sector allocation to individual asset selection. As a high-conviction investor, Virtus intentionally overweights the most compelling risk-adjusted opportunities and pivots away when fundamentals weaken, aiming to remain active and selective across market cycles.

Source: firm website, verified Sep 29, 2026.

HQ
Austin, US
Instruments
Equity · Debt
Founded
2003
AUM
$1.1B

Team · 41 people

from the firm's website

Fund performance · per public LP disclosures · 2

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Virtus Real Estate Capital III, LPLPs: Texas Municipal Retirement System——9.1%1.33x0.24x
Virtus Real Estate Enhanced Core, LPLPs: Texas Municipal Retirement System——7.2%1.29x0.17x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Virtus Real Estate Capital focus on?
Virtus Real Estate Capital focuses on EdTech, Healthtech, PropTech.
Where is Virtus Real Estate Capital located?
Virtus Real Estate Capital is headquartered in Austin, US.

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