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Rendering of the apartment development in downtown Sacramento

CEDAR RAPIDS, IA—Aegon Real Assets US has closed on its first multifamily residential real estate development located within a designated Opportunity Zone. The $60 million development, a joint venture between Aegon RA and a subsidiary of Kemper Corp., is located in downtown Sacramento, CA, which is one of the 34 select metro areas that Aegon RA has determined to be an attractive OZ market.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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