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Virtú Investments (“Virtú”), a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, today announced it has acquired Marlowe, a 176-unit multifamily property in Chicago, IL.

Marlowe is Virtú’s first acquisition in Chicago and marks the firm’s expansion into key cities beyond its traditional focus of western US markets. Virtú believes Chicago represents significant investment potential based on the city’s near-term scarcity of new apartment supply and steady renter demand. The Marlowe acquisition is part of Virtú’s broader strategy to capitalize on attractive cyclical pricing in key submarkets with low to no near-term supply.