| Fund Name | Pollack Shores Opportunity Zone Fund – 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 |
| jramsey@pollackshores.com |
Multifamily Residential