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Pollack Shores Opportunity Zone Fund – Atlanta Beltline

The Opportunity Zone Fund Directory is a compilation of publicly-announced funds formed to attract investment in Opportunity Zones (OZs). NCSHA is tracking only multi-project OZ funds. To learn more about a fund included in this directory, click on the name.

Please review the terms of the use before using the directory. To request to add your fund to the directory, please complete this form.

Directory Stats as of July 1, 2020:

215 Total Funds $47.2 Billion Total Anticipated Investment 63% of Funds Target Investment in Affordable Housing and Community Development

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Fund NamePollack Shores Opportunity Zone Fund – Atlanta Beltline
Fund Manager or Organizer(s)Pollack Shores Real Estate Group
Fund Size$30,000,000
Investment Focus
Multifamily Residential
Geographic Focus
Georgia
Organization Details

Reputable Atlanta multifamily developer with 13-year track record is seeking to raise ~$30 million to build 319 Class A multifamily units located within an Opportunity Zone. The deal will be structured as a single asset Qualified Opportunity Fund with a 10-year hold period.

The sponsor has already closed on the land and completed all zoning and entitlements. The fund will close in May, and first units are slated to be delivered beginning late 2019.

The site is located at 1099 Boulevard SE, Atlanta, GA 30312, and features direct frontage to the newest section of the Atlanta Beltline that is currently under construction.

The Atlanta Beltline is a 22-mile transit greenway transformed from old railroad corridors. It is now a very popular walking/biking trail that runs through Atlanta’s historic neighborhoods.

Properties in close proximity to the Beltline have shown to achieve rent levels far in excess of comparable properties further from the Beltline.

This property is ideally situated along Boulevard, a major north/south thoroughfare, and sits on the Beltline, giving future residents direct access to the Beltline and superior walkability to restaurants, retail, and cultural amenities nearby.

Contact Jessica Ramsey, 470-419-5258, for more information.

Fund Contact....
NameJessica Ramsey
Job TitleVP Capital Markets
Phone(470) 419-5258
EmailEmail hidden; Javascript is required.

The listings on this page are provided as a free service to potential community development funding recipients. The information contained on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. NCSHA does not provide investment advice, and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.

The information above is based solely on information provided to NCSHA by the listed contact person for each company, and NCSHA is not responsible for any inaccurate or out-of-date information in these listings. Companies utilizing this free listing are solely responsible for obtaining necessary clearances from their compliance departments.

The information in this directory is provided “as is” without warranty of any kind. NCSHA does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein.

NCSHA will not be liable for any loss or damage that may arise as a result of the use of the information contained herein. This directory provides direct links to websites owned by other parties. The content of such sites is not within NCSHA’s control; NCSHA cannot take responsibility for the information or content thereon.

NCSHA will continue to update the directory as it becomes aware of new funds or changes to the information listed on ncsha.org.


Case Studies: Opportunity Zone Investment in Affordable Housing and Community Revitalization

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