PHOENIX AMERICAN ANNOUNCES NEW CLIENT, REAL ESTATE FUND SPONSOR VERSITY INVEST, FOR FUND ADMINISTRATION

Partnership reflects Phoenix American’s expertise in fund administration for alternative real estate funds

SAN RAFAEL, CA – Phoenix American is pleased to announce its new fund administration relationship with alternative investment management firm Versity Invest. Phoenix American will support Versity’s real estate funds with its industry-leading investor services platform featuring the STAR-XMS shareholder management / transfer agent system. Versity will benefit from Phoenix American’s advanced technology, focus on customer service, and experience with the operational challenges specific to alternative investment funds.

Intelligent, Client-Focused Investments

Versity Invest, LLC is a real estate investment company founded in 2022 and located in Orange County, California. The company specializes in student housing, multi-family, hospitality, and specialty projects across the US. The firm’s portfolio includes 38 properties valued at nearly $1.65 Billion across 19 states and has gone full cycle successfully on 15 investment programs. Versity Invest is a vertically integrated firm that invests across the value chain. Versity currently manages just shy of $1 billion dollars of investor equity investments and is one of the premier institutional owners of real estate in the U.S.

“In addition to our multi-family, hospitality and specialty lines, Versity is a market leader in student housing investments, we only partner with best-in-class providers,” said Jason Kjellson, EVP Capital Markets, Versity Invest. “Phoenix American’s reputation and track record comes from holding themselves to high standards. We’re thrilled to be working with Phoenix American and providing our investors with exceptional service”

Specialized Transfer Agent Solutions for Alternative Investment Funds

Advanced operational solutions are critical to the success of today’s alternative investment funds. Phoenix American has the most advanced systems and efficient transfer agent processes in alternative investments. Phoenix American’s industry-leading STAR-XMS investor management / transfer agent system, its integrated fund accounting capabilities, and customized investor services are the result of its early experience as a fund sponsor combined with its extensive experience as an administrator for alternative investment funds.

“Versity takes an investor-centered approach to real estate investment,” said Andrew Constantin, Chief Operating Officer at Phoenix American. “Investor satisfaction is at the center of everything we do at Phoenix American. We look forward to working hand-in-hand with Versity to accomplish this.”

About Phoenix American

Phoenix American Financial Services, Inc. provides back-office outsourcing, fund administration services, fund accounting, investor services and sales and marketing reporting services to fund companies in the alternative investment industry. The Phoenix American Aviation ABS Group, including its Irish subsidiary, PAFS Ireland Ltd, provides managing agent and accounting services for asset-backed securitizations (ABS) and other structured finance in the commercial aircraft and aircraft engine leasing industry. The company is an affiliate of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions. Phoenix American has five offices worldwide, was founded in 1972 and is headquartered in San Rafael, CA.