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Real estate investment trusts

Virtus Announces Appointment of Alexander Steele as Head of National Sales

Strategic Insights

— 1 min read

Virtus Capital Corporation, the asset manager of Virtus Diversified REIT, has strengthened its executive team with the addition of Alexander Steele, who joins as the Head of National Sales. Steele brings over 20 years of experience in real estate investment and capital raising, with a proven track record of building relationships and trust among financial professionals. He will lead distribution through the national network of CIRO-regulated investment dealers, further expanding Virtus Diversified REIT's investor base and enhancing its market presence.

Key Takeaways:

  • Alexander Steele joins Virtus Diversified REIT as the Head of National Sales, effective July 1, 2025.
  • Steele has over 20 years of experience in real estate investment and capital raising, with a distinguished background in designing and managing real estate funds.
  • He served as Senior Managing Director of Canadian Wholesale at Dalfen Industrial, where he played a key role in designing and managing the Dalfen Industrial Real Estate Income Fund.
  • Steele also worked as Head of Sales at Avenue Living Asset Management and holds an Executive Masters in Financial Services from the Luxembourg School of Business.
  • The appointment of Steele underscores Virtus Diversified REIT's commitment to strategic growth, investor engagement, and operational excellence.
  • Steele will focus on leveraging his vast national network of CIRO-regulated investment dealers to broaden the REIT's reach and deliver compelling investment opportunities to investors.
  • Virtus Diversified REIT's portfolio includes anchor tenants such as Crown Corporation, BJ's Wholesale Club, Canadian Tire, and Dollarama.

Statistics:

  • 20 years: length of experience in real estate investment and capital raising held by Alexander Steele.
  • 2025: year in which Alexander Steele joined Virtus Diversified REIT as the Head of National Sales.
  • 50: number of properties in is Virtus Diversified REIT's portfolio in strong secondary and tertiary markets across Canada and the United States.
  • 85%: percentage of the REIT's portfolio consisting of commercial, industrial, retail, and multi-unit residential properties.

Sources:

  • Virtus Capital Corporation, press release, July 31, 2025, "Virtus Announces Appointment of Alexander Steele as Head of National Sales"
  • Globe Newswire, press release, July 31, 2025, "Virtus Announces Appointment of Alexander Steele"

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