Grubb Properties has announced the launch of the 2021 Grubb Qualified Opportunity Fund. Building on the success of its 2019 and 2020 Grubb Qualified Opportunity Funds, the 2021 Grubb Qualified Opportunity Fund will invest in multifamily properties in designated opportunity zones nationwide. The fund will emphasize essential housing in resilient and high-growth markets, primarily in areas with strong job centers including universities, health systems and/or governmental agencies.
Unlike most opportunity zone funds, the Grubb fund is structured as a REIT. The unique REIT structure offers investors simplified tax reporting and provides the fund additional flexibility in adding shareholder value.
Grubb Properties’ Link Apartments brand is the core focus of the 2021 Grubb Qualified Opportunity Fund. Designed to appeal to young professionals earning from 60 percent to 140 percent of area median income, Link Apartments delivers essential housing and fills the gap between
