VIRTUS REAL ESTATE ACQUIRES SELF STORAGE FACILITY IN ARKANSAS

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BENTONVILLE, ARK. — Virtus Real Estate Capital, a private equity firm based in Austin, Texas, has purchased a 400-unit self storage facility in Bentonville. The purchase of the 57,750-square-foot property is the fourth facility in Virtus’ joint venture partnership with Absolute Storage Management, a self storage owner and operator based in Memphis. The property was 98 percent occupied at the time of the sale.

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