Virtus Real Estate invests in cloud s/w

NEW YORK, USA: iLEVEL, a cloud-based software provider to the private capital market, announced that Virtus Real Estate, LLC has selected the iLEVEL Private Capital Data Platform to streamline and centralize the data from their property operators so that it is more actionable for their investment team.

Virtus Real Estate, LLC, based in Austin, Texas, is a real estate private equity sponsor focused on recession-resilient asset classes, such as senior living, student housing, self-storage, and medical offices.

“Our first priority is to generate superior risk-adjusted returns for our investors. We achieve this by investing in properties that are well positioned in all phases of the real estate cycle, and by leveraging data to better understand trends in our portfolio and the market,” said Will Strong, CFO of Virtus. “iLEVEL is a solution that enables us to do our job faster and more effectively, which is an investment we want to make.”

Fund managers on iLEVEL track investment performance through configurable reporting on the web, on an iPad, or in your existing excel-based models. This flexibility allows users to adapt iLEVEL to their internal operations, while extracting more from the data.

“iLEVEL is empowering private capital managers of various asset classes and sizes, by organizing their data so it can be utilized more effectively for investment analysis, operational reporting and marketing,” said Kevin Black, CEO of iLEVEL. “It is great to see that the real estate investment community is finding our platform so transformative for their asset class. We are excited to have Virtus as part of the iLEVEL community.”