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CrowdStreet Fund Focuses on High-Growth OZ Areas

CrowdStreet Inc. launched a diversified investment fund through CrowdStreet Advisors LLC, which will focus on new development/redevelopment in small and mid-market US opportunity zone areas with growth potential.

Ian Formigle Ian Formigle says opportunity zone investments align nicely with his firm’s general focus on 18-hour cities.

PORTLAND, OR—CrowdStreet Inc., which operates an online marketplace for direct equity investment in commercial real estate, publicly 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 US opportunity zone communities with high growth potential.

A qualified opportunity fund is an investment vehicle created to invest into a qualifying property or properties as defined by the Tax Cuts and Jobs Act of 2017 to incentivize investment in targeted communities called opportunity zones. By investing in the new CrowdStreet fund, investors can participate in multiple projects that are intended to increase access to high-quality jobs, healthcare, education and housing opportunities in distressed communities.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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