Cantor Fitzgerald and Silverstein Properties have closed their Cantor Silverstein Opportunity Zone Trust (CSOZ Trust) with approximately $530 million of equity raised.
Along with CSOZ Northern Boulevard, LLC and CSOZ 3.0 University Place, LLC co-investment funds, Cantor and Silverstein have completed the fundraise for three qualified opportunity zone (QOZ) Funds totaling approximately $600 million of equity.
Launched in mid-2019, CSOZ Trust was formed to invest in, develop, redevelop and manage a diversified portfolio of institutional-quality commercial real estate assets with an emphasis on multifamily properties located in QOZ in the United States.
CSOZ Trust has four development projects underway and a fifth with an executed term sheet. 3.0 University Place is under construction with a planned 246,000-square-foot, pre-certified LEED Platinum v4 life science-enabled office building in University City, the heart of Philadelphia’s growing life science and gene