Cortland has closed its Cortland Enhanced Value Fund, securing $1.5 billion in commitments. The value-add, multifamily fund is meant to capitalize on targets in the Sunbelt and Mountain West. Cortland says approximately one-quarter of the commitments were from foreign investors,…
BGFP International, a strategic partnership between BG Capital, Saoud Development, and FreezPak Logistics, has secured $72 million in funding from Valley National Bank, the Israel Discount Bank of New York (IDB), and Nuveen Green Capital to develop a 275,000-square-foot cold storage facility in Jacksonville. Construction is…
Switchyards Atlanta-based coworking company Switchyards is gearing up for a nationwide expansion, planning to open hundreds of coworking locations following its $5M capital raise, according to Axios. Founded in 2019, Switchyards operates 15 “work clubs” around the Southeast. It describes…
While some of the tax-deferred “goodies” offered by Opportunity Zone investments have long expired, the interest in these vehicles has not. According to a report by Novogradac, Qualified Opportunity Funds (QOFs) tracked by the company raised $3.53 billion in equity…
Multifamily investment specialist Bell Partners has closed on a fund that will give it the ability to acquire roughly $3.2B of properties across the country. The North Carolina-based firm closed its Value-Add Fund VIII at $1.3B, above its target of…
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