WASHINGTON, DC-Abdo Development and the Bozzuto Group will be co-developing a mixed-used project in Catholic University of America’s South Campus. A $200-million project when all the phases are complete, it will be the first project funded under the $75-million fund that Bozzuto, helmed by CEO Tom Bozzuto, and Pritzker Realty Group announced earlier this summer.

That fund, levered, will have more than $300 million in purchasing power, Toby Bozzuto tells GlobeSt.com. Hence the company’s active pipeline: currently it is the process of negotiating “more than a handful of transactions” that it will pitch to its equity partner to see if the fund can finance those as well. “The spirit of the fund we established with Pritzker is to develop urban in-fill, transit-oriented multifamily projects,” he says. “That is what we are looking at now in the Mid-Atlantic region and that is what the project at Catholic is.” 

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