Investors included high net-worth individuals, registered investment advisors, broker-dealers and a private bank. Alternative asset management firm EJF Capital has closed its second Opportunity Zone investment fund, EJF OpZone Fund II.
EJF Capital Raises Approximately $167 Million for Second Opportunity Zone Fund tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
PHOENIX, AZ - EJF Capital and Toll Brothers, through its Toll Brothers Apartment Living division, announced the formation of a joint venture to develop Henri, a 313-unit multifamily community in downtown Phoenix, AZ. The 2.32-acre site is in a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017 (TCJA), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.
The Project, expected to.