Pollack Shores Opportunity Zone Fund ā Charleston NoMo | Pollack Shores Real Estate Group
Fund Name | Pollack Shores Opportunity Zone Fund ā Charleston NoMo |
---|---|
Fund Manager or Organizer(s) | Pollack Shores Real Estate Group |
Fund Size | $35,000,000 |
Investment Focus | Multifamily Residential |
Geographic Focus | South Carolina |
Additional Fund Details | Reputable Atlanta multifamily developer with 13-year track record is seeking to raise ~$35 million to build 230 Class A multifamily units located within an Opportunity Zone in Charleston, SC. 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 107 Brigade Street, Charleston, SC 29403, in the vibrant NoMo neighborhood. Formerly home to industrial and warehouse spaces such as the Charleston Steel and Metal facility, NoMo has seen a revitalization over the past several years and is now the home to tech and creative businesses, popular restaurants, and breweries. The target tenant for this property will be young professionals age 22?35 working on the Charleston peninsula and greater MSA area. This target tenant is seeking excellent walkability and convenient access to restaurants and activity in the NoMo neighborhood while still seeking proximity to major employment hubs and easy access to I-26 and US-17. Contact Jessica Ramsey, 470-419-5258, for more information. |
Fund Contact | .... |
Name | Jessica Ramsey |
Job Title | VP Capital Markets |
Phone | (470) 419-5258 |
Email 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provided to NCSHA by the listed contact person for each company, and NCSHA is not responsible for any inaccurate or out-of-date information in these listings.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 āas isā 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 NCSHAās 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.