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Versus Capital launches new mutual fund

Versus Capital Advisors has launched the capital multi-manager real estate income fund, a mutual fund providing access to the direct real estate asset class.

The fund will utilize a multi-manager structure and intends to invest with a number of institutional investment managers that were screened and approved by Versus Capital and its sub-adviser, Callan Associates.

The company said the fund is designed to serve as a core real estate holding, focused primarily on income producing core and core plus direct real estate funds.

The fund’s primary investment objective is to seek consistent current income, while its secondary objectives are capital preservation and long-term capital appreciation.

Versus Capital CEO Mark Quam said they believe that owning direct real estate is a crucial part of a well-diversified portfolio and that individual investors deserve access to the best managers in an investor friendly structure

"We developed the Fund to give investors direct access to core real estate funds sponsored by our approved institutional managers," added Quam.