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Ancora raises over $280 million for innovation district development during pandemic


Ancora raises over $280 million for innovation district development during pandemic
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DURHAM, N.C., Feb. 4, 2021 /PRNewswire/ Ancora Partners, LLC ( Ancora ) announced today it successfully closed on $286 million in financing for its 700,000 square foot Electric Works development, one of the Midwest s largest public-private real estate projects. Ancora is the lead developer behind RTM Ventures, the entity responsible for Electric Works. Ancora plans to raise additional equity capital this year to pursue its pipeline of life science/lab, research and technology-oriented real estate located in high growth cities across the United States.
Raising a significant amount of capital in a turbulent economy amidst a global pandemic is a testament to this team s ability to execute complicated real estate projects in any market, at any time, said Josh Parker, CEO of Ancora. The project s highly complex capital stack ....

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