Opportunity Zone Fund 1 Fully Raised
Published: June 5th, 2019 @ 8:45am
Green Street Realty has just completed the fundraising for its first Opportunity Zone deal. Our Campus Town Opportunity Fund was created to build new construction bring in investors that have capital gains to invest in Federally designated Opportunity Zones. The program is part of the Tax Cuts and Jobs Act of 2017. Our first Fund will include three new buildings starting construction this Summer at 32 E Green St (164 Beds), 103 E Healey (108 Beds) and 54 E John (65 Beds) in Champaign. The Fund has raised $10 million of capital gains from investors all over the country for this project.
Green Street Realty has mutliple other Opprtunity Funds that will be breaking ground in 2019 and 2020 in locations throughout the United States, including Madison, Wisconsin, Lafayette, Indiana, Colorado Springs, Colorado, Phoenix, Arizona and Iowa City, Iowa. The construction of these projects will be handled by our development company Sub 4 Development and Green Street Realty will lease and manage each project after they are built.