Woodforest’s OZ Fund Looks to Revitalize 17-State Footprint

Woodforest National Bank’s fund will benefit low- and moderate-income individuals.

THE WOODLANDS, TX—Woodforest National Bank recently created the Woodforest CEI-Boulos Opportunity Fund, a $20 million private real estate investment fund targeting projects in the recently designated Opportunity Zones across Woodforest’s 17-state footprint. The fund will invest in real estate projects with the goal of promoting public welfare by benefitting low- and moderate-income individuals in areas designated as qualified Opportunity Zones.

The fund will be managed by CEI-Boulos Capital Management LLC, a joint venture of Coastal Enterprises, Inc./CEI, a national community development financial institution with a track record of meeting community needs in rural areas and small gateway cities, and The Boulos Company, a commercial real estate firm with experience in capital markets and real estate development. CEI-Boulos Capital Management will work closely with Woodforest to select and review potential investments.