Cantor Fitzgerald and Silverstein Properties Close Opportunity Zone Fund with more than $470 Million of Capital Raised
- Editor
- Mar 3
- 1 min read
Whats Happening:
Cantor Fitzgerald and Silverstein Properties have closed their Cantor Silverstein Opportunity Zone Trust II (CSOZ Trust II) fund, raising over $470 million in equity. The fund will invest in four multifamily and mixed-use developments across four states, totaling 1,932 units and 1.5 million square feet.
Key Moves:
CSOZ Trust II closes with over $470 million raised
Fund to invest in 4 multifamily and mixed-use developments
Projects located in Tempe, AZ, Richmond, VA, Summerville, SC, and Huntsville, AL
By The Numbers:
$470 million+ equity raised for CSOZ Trust II
1,932 multifamily units planned across 4 projects
1.5 million square feet of development space
Key Quotes:
"We have seen strong investor interest in this business, enabling us to build a diversified portfolio of institutional-quality multifamily real estate," - Bill Ferri, Global Head of Cantor Fitzgerald Asset Management
"Together with Silverstein, our broad expertise across commercial real estate development and retail capital markets enables us to build a robust portfolio of assets," - Chris Milner, CIO, Real Assets at Cantor Fitzgerald Asset Management
"Cantor's national reach and local market knowledge combined with our expertise in real estate development and management has resulted in four outstanding development opportunities within the Opportunity Zone Program," - Tal Kerret, President of Silverstein Properties
Bottom Line:
The successful closing of CSOZ Trust II with over $470 million raised demonstrates strong investor interest in Opportunity Zone investments. This fund, focusing on multifamily and mixed-use developments, showcases Cantor Fitzgerald and Silverstein Properties' ability to leverage their expertise in real estate and capital markets to create value in underserved communities.
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