New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bridge Investment Deploys $500M in O-Zone Strategy
Bridge Investment Group said it has invested $509 million across its Opportunity Zone Strategy. “Our team has deployed capital in 12 assets in eight markets across the U.S., and we are focused on transit-oriented developments and creating work/live/play communities in areas with an influx of job growth and urbanization,” said David Coelho, New York City-based CIO for the Bridge Opportunity Zone Strategy.
The firm said its national footprint and local market knowledge have enabled it to focus on Qualified Opportunity Zones at an inflection point, or those located inside of or within close proximity to high-growth markets across the U.S. These include Salt Lake City; Queens, NY; New Carrollton, MD; Hayward, CA; Atlanta; Portland, OR; Los Angeles; and Sacramento.
“We continue to see tremendous opportunity in these development projects which are expected to provide meaningful impact on the areas in which capital is invested,” said Bridge chairman Robert Morse.
Pictured: Bridge Investment’s New York offices at 280 Park Ave.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
