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Bridge Investment Group raises $1.3b for opportunity zones strategy
Real Estate - JULY 15, 2020

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Bridge Investment Group raises $1.3b for opportunity zones strategy

by Kali Persall

Bridge Investment Group has collected a total of $1.3 billion in its opportunity zones strategy, targeting investments in development and redevelopment projects in often underserved areas.

“Our team has deployed capital in 26 assets in 17 markets across the U.S.,” said David Coelho, CIO for the Bridge Opportunity Zones strategy. “Bridge is focused on primarily multi-family, transit-oriented developments as an avenue to revitalize underserved communities by investing in building sustainable neighborhoods.”

The firm’s opportunity zone strategy aims to provide attractive real estate exposure combined with the potential associated opportunity zone tax benefits. The qualified opportunity zone program was created in 2017 to encourage private capital investments in underfunded communities throughout the United States, according to Bridge.

Over the last decade, Bridge has invested more than $20 billion of capital across its multifamily, offi

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