|Cresset-Diversified QOZ Fund
|Fund Manager or Organizer(s)
|Cresset-Diversified QOZ Management LLC, a Delaware limited liability company
Affordable Housing, Commercial Real Estate, Community Revitalization, Economic Development, Hospitality Development, Infrastructure Investment, Mixed-use Development, Multifamily Residential, Renewable Energy Investment, Student Housing, Workforce Housing
|Additional Fund Details
|Cresset Partners, led by Eric Becker and Avy Stein, and LCM Opportunity, led by Larry Levy, have partnered to create the CressetDiversified QOZ Fund. The Fund is managed by experienced teams of real estate and private equity professionals supported by community impact, legal, tax, and accounting experts. The Fund is seeking to raise $500 million in capital commitments.
About Cresset: Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth advisory and family office services and a firm belief that clients deserve bette. Within the Cresset affiliates’ suite of offerings, Cresset Partners focuses on private investments offering clients access to direct real estate, direct private company, and private equity secondaries investment opportunities. Cresset Asset Management, an investment advisor registered with the U.S. Securities and Exchange Commission, offers wealth advisory, planning, and innovative family office services.
About Diversified: Since 2003, Diversified Real Estate Capital LLC, founded by Larry Levy, Jeffrey Cherner, and Michael Miller, has offered equity capital and expertise for commercial real estate developments. High-net-worth individuals and family office investors seeking to diversify their assets and the potential of returns associated with highest quality real estate investments co-invest with nationally recognized developers that are Diversified’s partners. The Company maintains in-depth relationships with both its investors and joint-venture partners, believing that these relationships are a key competitive advantage in the volatile investment environment. Diversified’s highly experienced professionals identify prime opportunities and act quickly to creatively structure transactions. The Company offers its partners real estate expertise in management, renovation, development, financing, leasing, and strategic repositioning. The Company seeks to create institutional-quality assets focused on office, retail, multifamily, industrial, residential, and mixed-use properties.
|Co-Head of Business Development & Investor Relations