NORF 3 Opportunity Zone Fund LLC | Ryan Hodgins
| Fund Name | NORF 3 Opportunity Zone Fund LLC |
|---|---|
| Fund Manager or Organizer(s) | Ryan Hodgins |
| Fund Size | $30,000,000 |
| Fund-Related Website | neworleansredevelopmentfund.com |
| Investment Focus | Affordable Housing, Commercial Real Estate, Community Revitalization, Economic Development, Hospitality Development, Mixed-use Development, Multifamily Residential |
| Geographic Focus | Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas |
| Additional Fund Details | NORF realized a great opportunity in the creation of an Opportunity Zone Fund to continue its mission in one of our core beliefs of investing in some of our most neglected communities across the Gulf South. As a demonstration of NORFās commitment to these ideals, up to 50 percent of our properties already developed are currently located within recently designated Opportunity Zones. As further evidence to our commitment, New Orleans Redevelopment Fund was honored by the Louisiana Landmarks Society with the award of excellence in historic preservation for 2019. After the continuing success of the New Orleans Redevelopment Fundās (NORF) first two private equity real estate investment funds, the launch of the NORF 3 Opportunity Zone Fund will leverage NORFās unique expertise investing in some of the Southeastās most neglected communities. The fund will draw upon NORFās extensive blighted property redevelopment experience utilizing historic and new market tax credits to optimize investor returns. NORF has identified and begun work on properties in markets including New Orleans, Baton Rouge, Houston, and San Antonio and will focus on additional areas of the Gulf South. |
| Organization Details | The New Orleans Redevelopment Fund (NORF) is one of Louisianaās leading private developers revitalizing blighted neighborhoods while specializing in the adaptive re-use of historic buildings and urban infill. NORF has been one of the main catalysts of the rejuvenation of mid-city New Orleans. By identifying strategic locations and properties, NORF seeks to maximize each project's impact on the surrounding community while fulfilling its main objectives: contribute to blight eradication in New Orleans, improve the quality of the city's housing stock, continuously build upon efficiencies provided through strategic relationships/partners, demonstrate that New Orleans is fertile ground for outside investment, and provide desired return to investors and stakeholders of projects. |
| Fund Contact | .... |
| Name | Ryan Hodgins |
| Job Title | Fund Manager |
| Phone | (985) 249-1349 |
| Email hidden; Javascript is required. |
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