Revitate has expanded its opportunity zones portfolio with a new investment into Victory Logistics District, an industrial development in Fernley, Nev.
Located in a qualified opportunity zone, the 4,300-acre project will hold more than 25 million square feet of speculative and build-to-suit logistics, distribution, manufacturing and data center space upon buildout, while delivering significant economic benefits to the region.
Revitate has invested from its Impact OZ Fund 2022, LP (Revitate Impact), to support the project led by development and investment firm Mark IV Capital. The project fits the investment strategy for the firm, according to Alex Bhathal, Revitate’s founder, executive chairman and managing partner.
“Our partnership with Mark IV Capital on this project aligns with the mission and the purpose of our Revitate Impact strategy, which is to infuse new capital and opportunity into emerging secondary markets across the United States,” said Bhath
