This private fund is an impact investment opportunity for individuals, non-profit organizations, and businesses to invest in local developers’ projects in their own backyard.
Before a sold-out crowd of 300 local business leaders on Tuesday, Rochester Area Economic Development Inc. President John Wade announced the creation of a new $10 million Rochester Area Real Estate Fund. RAEDI is partnering with the Northfield-based REVocity, a Rebound Partners company, to launch and manage the fund.