VITRUVIAN REIM to manage new real estate fund

VITRUVIAN REIM is the manager of a new alternative real estate fund, VITRUVIAN SCA SICAV SIF, regulated by the Luxembourg Regulator - CSSF. This fund in its environment is offering non U.S. qualified and institutional investors direct and regulated exposure to the U.S. real estate market. Vitruvian REIM aims to become the leading player in Europe through two primary private investor segments i.e. distributors (private bank, family offices, and IFAs) and institutional (life insurance/asset manager.) For its launch, Vitruvian REIM has received the operational support from N.Y.-based Infinity Urban Century Group. VITRUVIAN REIM is day-to-day managed by Arcady Lapiro, CEO of VITRUVIAN REIM and sponsor of the fund, and by Robert Shaw CFO/COO former global controller of Silverpeak Real Estate. Back in 2000, Lapiro was a founding member of one of the biggest European on-line banks/global broker-custodians Fortuneo/ProCapital Group based in France - more than 600,000 customers, over 25 billion - in custody, now part of Credit Mutuel Arkea. The real estate fund will pursue a conservative approach. It will invest primarily in multifamily properties located in the 10 largest U.S. metropolitan areas, and it will keep a liquid position at all times. The fund aims to achieve an 8% annualized return (net of management fees). Over time, Vitruvian REIM plans on offering investors access to other segments of the American real estate market (office and retail properties, redevelopment properties etc.) through segregated sub funds. VITRUVIAN REIM has recently closed its first transaction in NYC: a 49% interest in 159-161 West 85th St., New York City. The fund has also secured options on a few other prime location properties in N.Y.C. and Washington D.C., is finalizing partnership agreements with its first partners/clients in Europe and has received commitments from qualified investors for future transactions. So far, VITRUVIAN REIM has a presence in U.K., France, BENELUX and Switzerland through local partners; talks are pending for China and Middle East.