Griffin Capital Co., a housing-focused private real estate investment manager, has announced the updated findings of its Opportunity Zone Fund Platform Economic Impact Analysis report.
The Economic Impact Analysis provides insights into the estimated contributions to local economies resulting from the development and operations of the multifamily communities within Griffin Capital’s qualified opportunity zone funds. These projections are based on estimated development costs and operational data as of Dec. 31, 2024, and cover the expected hold period of each property.
Key findings from the Economic Impact Analysis include a total of $7.5 billion in total estimated economic impact; 3,382 estimated average annual jobs supported across the development and operational phases; $5.4 billion in direct economic impact from the development and operations of the multifamily properties; $783.5 million in indirect effects, reflecting business-to-busines
