Virtus Real Estate LLC (Austin)

Name: Virtus Real Estate LLC
Address: 835 W. 6 Th Street, Austin, TX, 78703
Telephone: 512-891-1230

Virtus Real Estate LLC is a large advisory firm based in Austin. It manages $124.98 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Virtus Real Estate provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as issuer of real estate private funds.

Virtus Real Estate: assets under management

The assets under management (AUM) of Virtus Real Estate LLC is $124.98 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.89 million each.

Virtus Real Estate has custody of $313.94 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Virtus Real Estate LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Virtus Real Estate serves?

The only and largest group of clients of Virtus Real Estate is pooled investment vehicles with 9 clients and $124.98 million of assets under management. Among the 11 most similar advisory firms, Virtus Real Estate has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $124.98 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Virtus Real Estate also advises several private funds. Namely, nine real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $10,000,000.

Careers at Virtus Real Estate LLC

The company employs 42 people that are either part- or full-time employees. 12 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terrell Franklin Gates	Managing member	1 Sep 2004	75% - 100%	4041793
William Arthur Strong	Cfo	1 Jan 2012	Other	2653448
Gery Joseph Sadzewicz	Cco	1 Aug 2012	Other	1090963
Craig Davis	Chief compliance officer	1 Nov 2017	Other	6881520

Based in Austin

The principal office where Virtus Real Estate LLC performs its advisory services is located at 835 W. 6 Th Street, Austin, TX 78703, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-891-1230. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at virtusre.com.