Investments inqualified opportunity funds tracked by a key industry list havesurpassed $10 billion, according to San Francisco-basedprofessional services firm Novogradac & Co.
Funds with a focus on residential and commercial opportunityzones lead the way in raising equity, according to the NovogradacOpportunity Funds List, Of 621 qualified opportunity funds tracked,406 reported raising equity as of April 30.
News of the investment growth comes with a caveat. Most of the$10 billion was raised before March 13, the date President Trumpdeclared a national emergency in response to the spread ofCOVID-19.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Cheryl Miller
Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts
