Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. have announced the closing of Cantor Silverstein Opportunity Zone Trust II, Inc., raising 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, 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 and Silverstein launched their Opportunity Zone business in early 2019 to invest in, develop, redevelop, and manage a diversified portfolio of institutional-quality commercial real estate assets. The firms are 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.**
