MIG Real Estate acquires multifamily development site in Denver

MIG Real Estate has purchased a 1.04-acre development site in Denver. The site is the first acquisition for MIG’s new Qualified Opportunity Zone Business Fund, which recently raised more than $100 million in equity to invest in opportunity zone development sites throughout the western United States.

In the past several months, MIG has hired several top development executives to establish a commercial real estate development and construction platform that can seize on qualified opportunities quickly, and successfully build innovative high-quality projects where housing is needed.

“We’re pleased to make the first of many opportunity zone investments with our newly launched fund,” says Greg Merage, CEO of MIG. “This multifamily development site offers a long-term opportunity for MIG to [provide] investment, build and manage the property to maximize the return and tax benefits offered by the new federal regulations, while providing needed housing in these communi