Opportunity Zone Investment Rebounded in 2H20

At the onset of the pandemic, opportunity zone investment slowed, but it rebounded in the third and fourth quarter of 2020.

Opportunity zone investment rebounded in the second half of 2020 after halting at the onset of the pandemic. Developer CityView recently acquired a Southern California development site in an opportunity zone, and saw the changes in demand during the pandemic. The property is located near USC and CityView plans to build a $125 million, 296-unit apartment property on the site.

“This project does sit within an opportunity zone and we successfully raised all the necessary equity from opportunity zone investors. We did see a general slowdown in opportunity zone fundraising early in the pandemic, but saw that pick up in Q3 and Q4 of last year,” Sean Burton, CEO of CityView, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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