GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Versus Capital Advisors LLC, an asset management firm that specializes in distinctive real asset investment strategies, announced today that their flagship fund, the Versus Capital Multi-Manager Real Estate Income Fund (Tickers: VCMIX/VCMRX; “the Fund”), exceeded $1 billion in assets under management.
The Fund is a continuously offered closed-end interval fund, registered under the Investment Company Act of 1940. The Fund serves as a core real estate holding, providing access to institutional real estate managers.
“We believe, now more than ever, it is critical for all investors to diversify beyond traditional 60/40 portfolios with investments that provide attractive risk adjusted returns and low correlations to the public equity and fixed income markets,” said Casey Frazier, Chief Investment Officer of Versus Capital Advisors LLC. “We are proud that our Fund has demonstrated strong performance, low volatility and stable income since its inception over four years ago.”
Mark Quam, CEO of Versus Capital Advisors added, “We believe that investors in our Fund, or any investment strategy for that matter, are best served by financial advisors that adhere to a fiduciary standard. Therefore, we only actively market to Registered Investment Advisors (“RIAs”), private banks & institutional investment consultants. We are happy to have reached the $1 billion milestone and are grateful to have done so with the support and confidence of the fiduciary community.”
Performance data current to the most recent month-end may be obtained by calling 303-221-0606 or by visiting www.versuscapital.com.
Risks
CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES BEFORE INVESTING. YOU CAN OBTAIN THE PROSPECTUS AND SUMMARY PROSPECTUS WITH THIS AND OTHER INFORMATION ABOUT THE FUND FROM THE VERSUS CAPITAL WEB SITE (versuscapital.com). READ THEM CAREFULLY BEFORE INVESTING. AN INVESTMENT IN THE FUND IS SUBJECT TO A HIGH DEGREE OF RISK.
The Fund does not intend to list its Shares on any securities exchange during the offering period, and a secondary market in the Shares is not expected to develop. There is no guarantee that shareholders will be able to sell all of their tendered shares during a quarterly repurchase offer. An investment is not suitable for investors that require liquidity, other through the Fund’s repurchase policy. You should not expect to be able to sell your Shares other than through the Fund’s repurchase policy, regardless of how the Fund performs.
Real estate is subject to special risks, among which are tenant default, environmental problems, and adverse changes in local economic conditions. The yield from an underlying investment fund could be significantly reduced if it fails to qualify as a REIT (real estate investment trust) for tax purposes. The Fund's investments also may be negatively affected by the broad investment environment. Although the Fund is intended to provide a means by which investors can diversify their portfolios into real estate, the Fund itself is "non-diversified" under the Investment Company Act of 1940 since changes in the market value of a single holding may cause a greater fluctuation in the Fund's net asset value than in a "diversified" fund. The Fund is not intended to be a complete investment program. Investors are reminded that portfolio diversification does not ensure a profit or guarantee against a loss
A multi-manager strategy involves certain risks. For example, the success of the Fund depends in large part upon the ability of the Adviser to choose successful Investment Managers. It is possible that some Investment Managers may take similar market positions, thereby interfering with the Fund's investment goal. The Fund and underlying Investment Managers may borrow as an investment strategy. The Fund intends to limit borrowing to one third of its gross asset value. While borrowing presents opportunities to increase the Fund's total return, it potentially increases the losses as well. Under certain circumstances, the Fund's distribution policy could result in a return of capital, potentially causing the Fund's expense ratio to increase. The Adviser, Sub-Adviser, and Investment Mangers manage portfolios for themselves and for clients other than the Fund. A conflict between the interests of the Fund and the interests of these other parties may arise in certain situations which potentially could disadvantage the Fund. For example, a suitable but limited investment opportunity might be allocated to another client rather than to the Fund.
