Key Takeaways
- • Virtus Capital Corporation, asset manager of Virtus Diversified Real Estate Investment Trust, completed a $10 million capital raise in June 2026, announced August 4, 2026 via GlobeNewswire.
- • The raise was executed through portfolio managers and investment advisors using a new Canadian investment vehicle managed by iCapital, which invests substantially all of its assets in the REIT.
- • Net proceeds are earmarked to fund the acquisition of an additional income-producing real estate property and support the Trust's diversified Canadian commercial real estate strategy.
- • The Trust is open-ended and offers accredited and other eligible investors access to professionally managed commercial real estate, targeting regular income and long-term capital appreciation.
Summary
Virtus Capital Corporation, the asset manager of Virtus Diversified Real Estate Investment Trust, announced on August 4, 2026 that it successfully completed a $10 million capital raise for the real estate investment strategy in June 2026, according to a GlobeNewswire release.
The offering was distributed through portfolio managers and investment advisors using a new Canadian investment vehicle managed by iCapital. The release describes the structure as a direct, institutional-grade on-ramp for wealth management advisors, as the vehicle invests substantially all of its assets in the underlying real estate investment trust. iCapital Network Canada Ltd., the vehicle's manager, is registered as an investment fund manager in Ontario and is an affiliate of the iCapital group.
Virtus President Josh Will said the result reflects relationships built within the advisory community. Managing Director Alex Steele credited advisor and dealer partners and said Virtus remains committed to disciplined portfolio management, transparency, and responsible stewardship of investor capital.
The net proceeds are expected to fund the acquisition of an additional real estate property and support the continued execution of the strategy, which focuses on acquiring and actively managing a diversified portfolio of income-producing real estate across Canada. As an open-ended trust, the REIT regularly evaluates acquisition opportunities and raises capital to support portfolio growth. The release states that the iCapital vehicle provides a simplified conduit for advisors and their clients to add the strategy to their portfolios.
The release includes forward-looking-statement and securities disclaimers. It notes that any future offering will be made only under applicable offering documents and Canadian securities laws, and that past performance is not indicative of future results. No Canadian securities commission has reviewed the document.
The offering was distributed through portfolio managers and investment advisors using a new Canadian investment vehicle managed by iCapital. The release describes the structure as a direct, institutional-grade on-ramp for wealth management advisors, as the vehicle invests substantially all of its assets in the underlying real estate investment trust. iCapital Network Canada Ltd., the vehicle's manager, is registered as an investment fund manager in Ontario and is an affiliate of the iCapital group.
Virtus President Josh Will said the result reflects relationships built within the advisory community. Managing Director Alex Steele credited advisor and dealer partners and said Virtus remains committed to disciplined portfolio management, transparency, and responsible stewardship of investor capital.
The net proceeds are expected to fund the acquisition of an additional real estate property and support the continued execution of the strategy, which focuses on acquiring and actively managing a diversified portfolio of income-producing real estate across Canada. As an open-ended trust, the REIT regularly evaluates acquisition opportunities and raises capital to support portfolio growth. The release states that the iCapital vehicle provides a simplified conduit for advisors and their clients to add the strategy to their portfolios.
The release includes forward-looking-statement and securities disclaimers. It notes that any future offering will be made only under applicable offering documents and Canadian securities laws, and that past performance is not indicative of future results. No Canadian securities commission has reviewed the document.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.