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Catalyst Opportunity Funds has launched its first three investments. The projects are located in Salt Lake City and Bozeman, Montana, and represent a total investment of $28 million. The projects include Industry SLC and Pickle and Hide in Salt Lake City, which will transform outdated industrial properties into creative office and retail, and in Bozeman, Catalyst is investing in a 60-unit workforce-attainable apartment complex.

“We positioned the fund to be an impact investment fund that is focused on getting market-rate or even better than market-rate returns for investors while identifying opportunities where our investment can have an impact in the low-income communities where we are investing,” Jeremy Keele, managing partner at Catalyst, tells GlobeSt.com. “The thesis is to identify markets throughout the country that have historically been under invested and finding high-impact projects that are supported by the local community.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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