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Atlanta & Southeast  + Southeast  + Opportunity Zones  |  December 19, 2019
David Cohen
By: David Cohen

Chestnut Funds Launches OZ Fund in Southeast

Real estate investment fund manager Chestnut Funds has launched an Opportunity Zone Fund on direct investment online platform RealCrowd.

The Chestnut Opportunity Zone Fund will invest in healthcare, retail, office, and mixed-use properties located in designated Opportunity Zones in the Mid-Atlantic, Southeast, and Rocky Mountain states. Target investment amounts are between $1 million and $5 million.

“We had tremendous success utilizing RealCrowd as part of our fundraising strategy for a previous fund,” said Steen Watson, co-founder of Chattanooga, TN-based Chestnut Funds. “We were impressed by RealCrowd’s thorough vetting process, and recognized that its accredited investor audience would be an ideal match for this fund’s target deal size.”

RealCrowd requires that each real estate Sponsor on its platform prove more than 10 years of principal-level experience and over $50 million in transactional history, while also ensuring that each investor is accredited.

For comments, questions or concerns, please contact David Cohen

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Inside The Story

View RealCrowd’s OZ OfferingsConnect With Chestnut Funds’ Watson

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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