A rendering of the 93-unit TheAshton in Jersey City, NJ.
MORRISTOWN, NJ—Locally-based Normandy Real Estate Partners report itsNormandy Opportunity Zone Fund, L.P. has closed on multifamilydevelopments currently under construction in Jersey City andHackensack.
Normandy reports that it has raised more than $100 million incommitments to date, and capital raising will continue through 2020for the Opportunity Zone Fund that has a target of$250 million in commitments. Both newly acquired properties arecurrently under construction and expected to deliver in early2020.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
