SAN RAFAEL, Calif., Feb. 23, 2012 — /PRNewswire/ – Phoenix American Financial Services (PAFS) announced today that Virtus Real Estate Capital has signed an agreement with the company. Phoenix American will provide investment administration services to Virtus, a leading real estate private equity sponsor. Virtus will benefit from Phoenix’s long experience in alternative investments, the value of its service offerings and the efficiencies and reporting capabilities of Phoenix’s STAR 2010-XMS transfer agent system.
Since its inception in 2003, Virtus (www.virtusre.com) has acquired over $1.6 billion in real estate assets. The firm targets recession resistant investment opportunities in which demand is driven by specific demographic trends. Areas of focus include self storage, student housing, medical office buildings and senior housing. Virtus chose Phoenix American because of its extensive experience in the direct investment industry, its cost-effective value and the state-of-the-art capabilities of the STAR 2010-XMS System.
“We are extremely excited to be working with Phoenix American,” said Josh Teeters, Vice President of Capital Markets at Virtus. “Their experience and capabilities will be an invaluable asset for Virtus.” Andrew Constantin, Chief Operating Officer at Phoenix American, said, “We’re very pleased to welcome Virtus to the Phoenix family. Their recession resistant investment philosophy represents exactly the kind of innovative, forward-looking approach to a changing investment environment that we value at Phoenix American. We look forward to a mutually beneficial partnership.”
ABOUT PHOENIX AMERICAN FINANCIAL SERVICES
Phoenix American provides investment administration and transfer agent services as well as sales and marketing reporting services to companies in the alternative investment and mutual fund industries. Along with its affiliate company, SalesFocus Solutions, they provide the cloud-based MARS CRM, Sales and Marketing reporting and compliance management solutions for banks, insurance companies, asset management firms and other financial services organizations. Phoenix American Incorporated, the parent company, was founded in 1972 and is headquartered in San Rafael, CA. Visit our website at www.pafsi.com.
Contact: Phil Owen866-895-5050 ext. firstname.lastname@example.org
SOURCE Phoenix American Financial Services