C1 Development is a multifamily development platform that focuses on delivering high-quality, affordable housing to middle income renters and student housing at Tier 1 public universities. C1 is an affiliated company to Virtus Real Estate Capital, a private equity real estate fund manager focused on recession-resilient sectors such as workforce housing, student housing, self-storage, senior living, medical office, and education-related properties. 

C1 has two primary strategies: direct development and co-development. For direct development, C1 is focused on building 200-400 unit projects in growth markets that are affordable to renters making less than 80% of the Area Median Income. C1 also builds 500 – 1,000-bed student housing properties that are either pedestrian to campus (hi-rise/mid-rise) or within close proximity to campus (garden or cottage-style). For co-development, C1 is seeking developers looking for help with the development process, a capital partner to help with predevelopment capital, a balance sheet for loan and completion guarantees, GP capital, and/or a majority LP capital partner in either of our development strategies.

C1 Development

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