18 Squared and CapZone Impact Investments have closed an equity investment in a new U.S. Department of Veterans Affairs Outpatient Clinic in Albert Lea, Minn.
The terms of the investment were not disclosed.
The Albert Lea VA Clinic provides primary care, mental health services, telemedicine and other healthcare services to U.S. Veterans.
18 Squared and CapZone formed the Opportunity Zone Fund 1 – Government Series to invest in U.S. Department of Veterans Affairs clinics and hospitals and other government-related real estate projects in opportunity zones nationwide. The Albert Lea VA clinic is the first facility in a portfolio of VA-leased properties within the fund that are expected to be closed over the next 12 to 24 months. 18 Squared and CapZone say future fund investments will focus on VA medical education and training campuses (METC) and off-base military housing for U.S. military bases.
“CapZone’s partnership with 18 Squared accelerates fundin
