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Fund Name Niagara Falls North Development Fund One, L.P.
Fund Manager or Organizer(s) Blue Cardinal Capital, L.P.
Fund Size $25,000,000
Fund-Related Website
Investment Focus
Commercial Real Estate, Community Revitalization, Economic Development, Infrastructure Investment, Mixed-use Development, Multifamily Residential, Small Business Development, Workforce Housing
Geographic Focus
New York
Additional Fund Details Niagara Falls North Development Fund One, L.P. is a comprehensive Main Street revitalization project in one of the five opportunity zone census tracts of Niagara Falls, NY. After acquiring a portfolio of 38 properties on or near Main Street in June 2019 and winning a $10m Downtown Revitalization Initiative grant, the properties are shovel-ready for redevelopment. All the buildings will be mixed-use with retail on the first floor and office/multifamily in the upper floors. The fund is closely coordinated with the city’s economic redevelopment master plan and local institutions such as Niagara University and Niagara Falls Memorial Medical Center.
Organization Details Blue Cardinal Capital is a real estate private equity firm with the mission to capitalize on the opportunities and advantages of second and third-tier real estate markets in the United States and Canada. For investors seeking exposure to real estate, our funds in these markets offer opportunities for returns that match or exceed each fund’s level of risk and provide diversification, high potential, and other advantageous investment features.
Fund Contact
Name Rohin Sethi
Job Title Partner, Investment Channel Management
Phone (716) 907-4603

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