AUBURN, CA—The locally-based Saratoga Group reports it hasclosed on its first fund targeting mobile home investments inQualified Opportunity Zones and is in the midst of fundraising forits second fund.
Saratoga Group CEO Same Hales says, “We were over-subscribedwith a number of investors requesting investment after the closing.I believe we struck a chord with investors who have researched QOZ(Qualified Opportunity Zone) offerings and decided they aren’tcomfortable with the risk to reward profile that is generallyavailable in the marketplace.”
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