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.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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