OZ Pitch Day - June 19
OZ Pitch Day - June 19
A 240-unit multifamily community known as Veterans Victory in Colorado Springs, CO has received equity investments from Tocqueville Asset Management and CapZone Impact Investments. The Opportunity Zone development includes over 300,000 square feet of Class A real estate, and 20,000…
After raising $630 million in one of the largest OZ funds to date, GTIS Partners has announced the launch of its second Qualified Opportunity Fund (QOF). The GTIS Qualified Opportunity Zone Fund II will be open to accredited investors on…
Parkview Financial has provided a $22.5 million loan for the redevelopment of a mixed-use project located in Birmingham, Alabama. The five-story building, which has been empty since being vacated by the American Red Cross in 1999, will be developed into…
Urban Catalyst announced that it has raised more than $100 million for its Urban Catalyst Opportunity Zone Fund II. Their second OZ fund furthers the construction of new ground-up projects in downtown San Jose by funding ICON/ECHO, a property that…
Chicago-based Cresset announced that it has closed its second OZ fund after raising $655 million in equity, and is immediately launching a third fund. Cresset had previously raised $465 million in its first OZ fund, launched in 2018, bringing the…
Capital Square’s 80-unit multifamily property in Richmond, Virginia has reached 97% occupancy just four months after completion. The INK property, which includes approximately 80,000 square feet of residential space and 1,900 square feet of retail space, is the first of…
The New York Senate voted this week to decouple the state’s capital gains rate from the Opportunity Zone incentive, a move that has been widely anticipated since S.B. 6800 was introduced last year. The measure passed the Senate 44-17 without…
EJF Capital has secured a $67 million construction loan from Synovus Bank for its multifamily development in Nashville’s Metrocenter District. The project is located at the old Watkins College campus in north Nashville. Watkins College merged with Belmont University in…
Urban Catalyst has officially broken ground on its Gifford Place project in San Jose. The property will be developed into a 167-unit senior living facility, one of the only such facilities to be built in the city over the past…
Luxury home builder Toll Brothers announced plans to develop a 501-unit multifamily development in Washington, D.C. that will be financed through a $163 million construction loan from Bank OZK. The property, located at 113 Potomac in the Buzzard Point neighborhood…