Bethlehem, PA: Opportunity Zones equity was paired with Historic Tax Credits to support the transformation of an underutilized 125-year-old building on Lehigh University’s campus into 30 apartments and new retail space, contributing to South Bethlehem’s renewal.
Coatesville, PA: The City of Coatesville announced the Coatesville Impact Fund, developed by Activated Capital, which will invest up to $25 million to support single- and multi-family housing, small commercial properties, and local businesses aligned with the mission of the fund.
Memphis, TN: The City of Memphis, University of Memphis, Downtown Memphis Commission, and Start Co. have partnered on Union Row, a project comprising 30 digitally connected-buildings and 115,000 square feet of office space for the innovation and technology sectors. The initiative includes a commitment to provide $15 million in venture capital, as well as laptops, internet, and training to 1,000 families in South City.
San Bernardino, CA: RevOZ Capital and Sudweeks Development and Investment Co. partnered to develop a build-to-suit medical office building that will be leased to the County of San Bernardino for 15 years and is expected to house San Bernardino County’s Children’s Department of Behavioral Health.
Tuscaloosa, AL: Stillman College received an investment from Renaissance Equity Partners’ HBCU Opportunity Fund to build a teaching hotel on campus in addition to mixed-use residential and commercial property for faculty, graduate students, and others. The properties will be sold back to Stillman College for its long-term use at the end of the investment holding period.