Josh Schuster’s Silverback Development has snagged a $50 million capital investment to seed a new Opportunity Zone Fund and expand to additional markets. The three-year-old firm wrapped up a second funding round from Silverpeak, the investment firm co-founded by former Lehman Brothers execs, which has backed Schuster since 2016. The developer said the new tranche will accelerate its expansion to markets including Louisiana and North Carolina, and will also be invested in local projects through […]
source https://therealdeal.com/2019/08/30/nyc-developer-raises-50m-will-hunt-for-deals-in-southern-bayous-and-beaches/
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