July 16, 2020
Bridge Investment Group said Wednesday it had raised $1.3 billion in its Opportunity Zones strategy, with the significant majority of that capital already deployed. Spearheaded by a Midtown Manhattan-based team, Bridge’s Opportunity Zone strategy aims to provide attractive real estate exposure combined with the potential associated Opportunity Zone tax benefits.
“Our team has deployed capital in 26 assets in 17 markets across the US,” said David Coelho, CIO for the Bridge Opportunity Zones strategy. “Bridge is focused on primarily multi-family, transit-oriented developments as an avenue to revitalize underserved communities by investing in building sustainable neighborhoods.”
Since not all Opportunity Zones are created equal, Bridge intends to leverage its national footprint and local market knowledge to focus on Qualified Opportunity Zones at an inflection point or located inside of or within close proximity to high-growth markets in the U.S.
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