Add Somera Road to the growing list of real estate investment groups seeking to raise millions of dollars to invest in distressed areas as part of a new federal program. Somera Road is looking to raise $500 million to invest in Opportunity Zones, and is in talks to buy several properties located within the program’s designated areas. The New York-based firm joins RXR Realty, Youngwoo & Associates and Normandy Real Estate among others that have created funds, […]
source https://therealdeal.com/miami/2018/10/31/somera-road-is-latest-firm-seeking-to-raise-500m-for-opportunity-zones-fund/#new_tab
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