Pinnacle Partners Raises $90M for Multi-Asset Opportunity Zone Fund with Trilogy Investment Co.

10/22/2024

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Connect CRE

• Subcategory: Capital Markets: Fund, MF: BTR, MF: Market Rate

• Tag: Closing | New Fund | Opportunity Zone (OZ) | Strategy

• Additional Filters-Subcategory: Capital Markets: Fund-Co-Investment, Capital Markets: Fund-Equity, Capital Markets: Fund-Opportunistic, MF: BTR-Casita, MF: BTR-SFR, MF: BTR-Townhome, MF: Garden, MF: Midrise

Real Estate investment management firm Pinnacle Partners announced the closure of its twelfth Qualified Opportunity Zone Fund (QOF), securing $90 million in investments.

The Fund invested in four residential development projects: two market-rate multifamily communities within NFL stadium districts in Denver, CO and Nashville, TN; one build-to-rent single-family home community in Avondale, AZ; and one build-to-rent townhome community in Charlotte, NC.