SAN FRANCISCO, CA -- (Marketwired) -- 09/22/14 -- Virtú Investments made the decision to voluntarily raise its minimum wage to meet the federally recommended minimum of $10.10 per hour for all employees. The change was adopted at all 35+ multifamily properties in the Virtú property portfolio effective July 1, 2014.
The wage increase was implemented across all 11 states that Virtú's current employees reside. "Our team members will invest more in our properties, and they will invest more in our tenants. We believe this is a win-win-win for our co-workers, our tenants, and our investment returns," said Blake Hayunga, Virtú's Chief Operating Officer. "It's also just the right thing to do. We feel strongly that the private sector needs to step up and demonstrate leadership to address the income gap in America."
Maximizing employee interest in their respective properties is expected to have a meaningful downstream impact on the value of those properties. Anticipated benefits include increased employee job satisfaction, stronger employee engagement within their apartment community, and a reduction in costs related to employee turnover.
Virtú Investments currently employs over 180 personnel in California, Washington, Arizona, New Mexico, Colorado, Wyoming, Texas, Florida, Oklahoma, Kansas, and Minnesota. Apartment community jobs range from landscape and maintenance personnel to leasing agents and property managers.
About Virtú Investments
Virtú Investments, LLC was built to create high-yield opportunities in the multifamily investment market. Since 1997, Virtú has acquired more than $1B in real estate and operated over 12,000 apartment units across 95 properties in the Western US. The firm is well positioned to generate strong risk-adjusted investment opportunities during every phase of a real estate cycle. Virtú has refined an integrated and highly responsive operating platform that is unique in the industry. In-house services are composed of acquisitions, due diligence, finance, asset management, property management, efficiency retrofitting, information technology, and accounting/tax preparation. Virtú's offices are in Larkspur, CA, Carlsbad, CA, Seattle, WA and Scottsdale, AZ. www.virtuinvestments.com
Contact virtunews@virtuinvestments.com to discuss any media inquiries regarding Virtú Investments.
Contact
Duncan Hatch
415) 398-2086
dhatch@virtuinvestments.com
