New offering is first fund to take advantage of new tax law

PHOENIX--(BUSINESS WIRE)--Virtua

Partners (Virtua), a global private-equity real-estate investment

firm, today announced the launch of the first-ever Opportunity Zone

Fund. This groundbreaking fund is the first vehicle designed to invest

in the newly created Opportunity Zones -- one of the lesser known

provisions of the Tax Cuts and Jobs Act of 2017 (the Tax Reform Act).

Virtua Opportunity Zone Fund I, LLC aims to raise $200 million and is

designed to utilize the tax-savings opportunities created by the

tax-reform law.

Pursuant to the Tax Reform Act, governors of each state have designated Opportunity

Zones, which are specific geographic areas eligible for

tax-advantaged, long-term investment. . Investors in qualified

Opportunity Zone Funds receive a basket of tax benefits, including

deferral of current capital gains, a tax reduction of up to 15% on

current gains, and no capital gains taxes on appreciation if the

investment is held for 10 years.

“For investors, this is a unique opportunity to capture a generous break

on capital-gains taxes, while investing in real estate that stands to

benefit from a broader government mandate for growth,” explains Derek

Uldricks, president of Virtua Capital Management. “At the same time,

investors can also make an impact by supporting the improvement of local

communities and economies with their Opportunity Zone-directed

investments. We are thrilled to be the first to offer such a fund to

accredited investors.”

Under the Tax Reform Act, investors can defer and reduce capital-gains

taxes when they reinvest profits into Virtua Opportunity Zone Fund I

within 180 days following the sale of a prior investment. Unlike 1031

Exchange transactions, an investor does not have to invest the entire

previous investment. Investors can use capital-gains proceeds from any

asset class — not just real estate — to capture the benefits of the

Opportunity Zone Fund provisions.

“Investors should consider tax efficiency when making investment

decisions. Virtua Opportunity Zone Fund I is designed to improve

after-tax returns for long-term investors," said Uldricks. "We believe

that investing in Virtua Opportunity Zone Fund I can be a key wealth

building strategy for tax savvy investors."

Virtua Opportunity Zone Fund I will primarily invest in residential

rental property development (multifamily and SFR rentals), hospitality

and office. The geographical focus will be high growth sunbelt markets,

such as Austin, Phoenix, Atlanta, Dallas, San Antonio, and Orlando.

To learn more about Opportunity Zones, visit VirtuaPartners.com.

About Virtua Partners:

Virtua Partners is a global private-equity firm specializing in

commercial real estate. The firm and its affiliates sponsor a variety 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.

Virtua Partners’ goal is to provide superior risk-adjusted returns for

high-net-worth individuals and family offices through comprehensive

strategies, rigorous underwriting, and careful execution.

This press release is not intended to be, nor should it be construed or

used as, investment, tax, or financial advice or an offer to sell or a

solicitation of an investment in any securities offered by or any

project managed or advised by Virtua Partners (US), LLC, or its

affiliates, including, but not limited to Virtua Opportunity Zone Fund

I, LLC (“Virtua”). Any offer or solicitation of an investment may be

made only by delivery of confidential offering documents (collectively,

the “Offering Documents”). Prospective investors should review carefully

and rely solely on Offering Documents in making any investment decision.

Contacts

Gregory FCA for Virtua Partners

Alex Nye, 610-228-2287