September 10, 2019
Portland, OR-based CrowdStreet Inc. launched a diversified investment fund through CrowdStreet Advisors, LLC, a wholly-owned subsidiary of CrowdStreet. The fund will focus on new development and redevelopment in small and mid-market U.S. Opportunity Zone communities with high growth potential.
CrowdStreet’s Ian Formigle says, “Opportunity Zone investments align nicely with our general focus on 18-hour cities. These markets are up-and-coming metro areas with population and job growth rates that, in many cases, are outpacing larger 24-hour cities such as New York and San Francisco.”
The fund launch follows the successful equity raise on the CrowdStreet Marketplace of capital for six individual Opportunity Zone projects across the U.S. It also follows the successful fundraising for three other diversified offerings from a CrowdStreet affiliate, which raised nearly $27 million in total.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
For comments, questions or concerns, please contact Dennis Kaiser