Newport Beach, CA-based alternative investment firm Revitate has expanded its portfolio with a new investment in Victory Logistics District, an industrial development in Fernley, NV. Located in a Qualified Opportunity Zone 30 miles east of Reno, the 4,300-acre project will hold more than 25 million square feet of logistics, distribution, manufacturing and data center space.

Revitate has invested from its Impact OZ Fund 2022 to support the project, led by development and investment firm Mark IV Capital. “Our partnership with Mark IV Capital on this project aligns with our mission to infuse new capital and opportunity into emerging secondary markets across the U.S.,” said Revitate Founder Alex Bhathal.

The first phase of 815,000 square feet at Victory Logistics District was completed in 2022, and the second phase is expected to deliver in October of 2023. Phase II will consist of three Class A facilities totaling 1.2 million square feet.