Key Takeaways
- • Virtus Capital Corporation completed a $10 million capital raise in June 2026 for its Virtus Diversified Real Estate Investment Trust, distributed through portfolio managers and investment advisors via a new Canadian investment vehicle managed by iCapital.
- • The capital raise was structured to provide wealth management advisors with institutional-grade access to a diversified real estate portfolio through a single investment vehicle holding substantially all assets in the underlying REIT.
- • Net proceeds will fund acquisition of an additional real estate property and support continued execution of Virtus's strategy of acquiring and actively managing income-producing real estate assets across Canada.
- • The raise reflects strong relationships within the advisory community and dealer network, with participation from multiple advisor and dealer firms demonstrating confidence in Virtus's disciplined portfolio management approach.
Summary
Virtus Capital Corporation, asset manager of Virtus Diversified Real Estate Investment Trust, announced the successful completion of a $10 million capital raise in June 2026. The offering was structured through portfolio managers and investment advisors utilizing a newly created Canadian investment vehicle managed by iCapital, creating what the company characterized as a direct, institutional-grade investment option for wealth management advisors. The vehicle's structure invested substantially all assets directly into the underlying real estate investment trust.
Josh Will, President of Virtus, attributed the raise's success to relationships built within the advisory community, stating in the announcement: "We are extremely grateful for the confidence shown by our partners, advisors and investors. Successfully completing this capital raise reflects the relationships we have built within the advisory community, and we appreciate the support provided by participating firms."
Alex Steele, Managing Director of Virtus, emphasized the role of distribution partners in achieving the capital raise target, noting that advisor and dealer partner support was instrumental to the offering's completion. The company highlighted its commitment to disciplined portfolio management, transparency, and responsible stewardship of investor capital as core differentiators.
The net proceeds from the offering will be deployed toward two primary objectives: funding the acquisition of an additional real estate property and supporting the continued execution of Virtus's investment strategy. That strategy focuses on acquiring and actively managing a diversified portfolio of income-producing real estate assets across Canada, positioning the REIT for growth through selective property acquisitions and active management disciplines across its holdings.
Josh Will, President of Virtus, attributed the raise's success to relationships built within the advisory community, stating in the announcement: "We are extremely grateful for the confidence shown by our partners, advisors and investors. Successfully completing this capital raise reflects the relationships we have built within the advisory community, and we appreciate the support provided by participating firms."
Alex Steele, Managing Director of Virtus, emphasized the role of distribution partners in achieving the capital raise target, noting that advisor and dealer partner support was instrumental to the offering's completion. The company highlighted its commitment to disciplined portfolio management, transparency, and responsible stewardship of investor capital as core differentiators.
The net proceeds from the offering will be deployed toward two primary objectives: funding the acquisition of an additional real estate property and supporting the continued execution of Virtus's investment strategy. That strategy focuses on acquiring and actively managing a diversified portfolio of income-producing real estate assets across Canada, positioning the REIT for growth through selective property acquisitions and active management disciplines across its holdings.
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