Woodforest National Bank has launched the Woodforest CEI-Boulos Opportunity Fund, a $20 million private real estate investment fund targeting projects in the recently designated opportunity zones across Woodforest’s 17-state footprint.
The fund will invest in real estate projects with the goal of promoting public welfare by benefitting low- and moderate-income individuals in areas designated as qualified opportunity zones. It aims to create good jobs, environmentally sustainable enterprises, and more broadly, shared prosperity through an extensive evaluation process of both developers and developments in Woodforest’s core markets across its 17-state footprint. Potential projects include office, retail, hospitality, industrial, multifamily and mixed-use properties, particularly those that expand workforce and/or affordable housing, incorporate LEED (Leadership in Energy and Environmental Design) standards and/or alternative energy, support “main street” revitalization, and provide shared space and services to nonprofits serving communities with low incomes.
The fund will be managed by CEI-Boulos Capital Management, a joint venture of Coastal Enterprises and The Boulos Co.
