NORF Companies, a New Orleans-based real estate investment firm specializing in tax-advantaged strategies, has brought its fifth fund to market.
NORF redevelops historic buildings and revitalizes blighted neighborhoods while generating compelling risk-adjusted returns for investors, according to the company’s website. NORF invests throughout North America, with a focus in the Southeast region.
The new NORF 5 Opportunity Zone Fund will target investments in non-major markets where there is less competition with larger players, and where local government is more likely to support developments and streamline the permitting process, according to New Orleans City Business.
NORF 5 Opportunity Zone Fund is the company’s third since the Tax Cuts and Jobs Act of 2017, and its second opportunity zone fund. In December 2021, the fund’s predecessor, NORF 4 Opportunity Zone Fund, closed with more than $20 million in investments and direct project commitments f