New Orleans real estate developer Anthony Marullo has launched a $100 million Louisiana Revitalization Fund to invest in the rebound of the hospitality sector and other service-based industries, according to New Orleans City Business.
According to Marullo, investor demand was overwhelming, and the vehicle was overfunded.
“I believe these industries that have been negatively impacted during the pandemic can experience a very aggressive ‘V’ shape recovery if capitalized properly,” he noted. “Strategic partnerships between developers and operators will greatly boost these industries and help attract talent that may have left due to COVID-19.”
The Louisiana Revitalization Fund will invest into all four of the state’s major metropolitan areas: New Orleans, Baton Rouge, Shreveport and Lafayette.
