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More investment activity is starting from New York and Florida, however, that gap will close as California investors get added clarity about opportunity zone funds, leading to increased involvement.
The buyer of a 550-unit portfolio was new to El Paso and Greysteel was able to bring competitive offers from these new to the market investors attracted to the diversified economy and strong yield potential.
In what is being called one of the most significant land acquisitions in the history of AllianceTexas, the new property in Alliance Westport will serve as a strategic link between two pieces of critical logistics infrastructure.