Virtua Breaks Ground on Another Opportunity Zone Build

Article originally posted on Globe St. on June 17, 2019

Virtua Partners has broken ground on its second opportunity zone project. The firm is building a 90-unit entry-level apartment complex on a vacant lot in Tempe. It will deliver in approximately 16 months.

Located at 1980 East Broadway Road, the apartment project will include 36 one-bedroom, 45 two-bedroom and 9 three-bedroom units along with parking and a fitness center.

Virtua is financing the project through equity invested by Virtua Opportunity Zone Funds as well as a construction loan placed by Virtua Credit Corp.