Courtesy of RiazCapital.
NEW YORK CITY- Riaz Capital, a development,construction and property management firm based in Oakland,California, has zeroed in on its $100 million capital commitmentgoal for its Opportunity Zone fund, securing an estimated $75million in capital commitments. The funding will support theconstruction of 12 new housing developments in Oakland OpportunityZones.
When Riaz's team went on the road to raise funding, the firmquickly figured out what worked and what didn't in investor pitchmeetings. Simply communicating the need for affordable housing inunderserved areas and the Opportunity Zone-tax benefits wouldn't beenough, Riaz Taplin, principal of Riaz Capital, tellsGlobeSt.com.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
