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Cresset Real Estate Partners and Fidelis Residential Partners are teaming up to develop a nine-building, 252-unit multifamily community in Willis, near Houston. 

The project, named Fidelis Willis, is the latest development funded by Cresset’s third Qualified Opportunity Zone (QOZ) fund, Cresset Diversified QOZ Fund III. Its predecessor, Cresset Diversified Qualified Opportunity Zone Fund II closed with more than $650 million in equity commitments.