**Cantor Fitzgerald and Silverstein Close $470M Opportunity Zone Fund**
Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. announced on Monday that they have successfully closed Cantor Silverstein Opportunity Zone Trust II, Inc., securing more than $470 million in equity. The trust includes four planned multifamily and mixed-use developments, totaling 1,932 multifamily units and 1.5 million square feet. These projects are located in Tempe, AZ; Richmond, VA; Summerville, SC; and Huntsville, AL.
“We have seen strong investor interest in this business, enabling us to build a diversified portfolio of institutional-quality multifamily real estate,” said Bill Ferri, global head of Cantor Fitzgerald Asset Management. “This growth underscores our commitment to creating lasting economic impact and revitalizing neighborhoods across the United States. We are optimistic about a potential extension to the overall Qualified Opportunity Zone Program to further drive meaningful growth.”
Cantor Fitzgerald and Silverstein launched their Opportunity Zone business in early 2019 with the goal of investing in, developing, redeveloping, and managing a diversified portfolio of institutional-quality commercial real estate assets. The firms remain focused on multifamily properties located in Qualified Opportunity Zones across the U.S.
**Pictured: Shorehaven, part of Cantor and Silverstein’s South Pier mixed-use development in Tempe, AZ.**
