Sixty West Funds current Opportunity Zone pipeline (inclusive of both Multifamily and Office space) targets over $700 M in planned and potential developments within some of the nation’s fastest growing communities including Los Angeles, Asheville, Myrtle Beach, Atlanta, and Seattle.
“A study of Yardi Matrix’s database found that within opportunity zones there are either in place or under construction 1.9 million multifamily units, 960 million square feet of office space and 180 million square feet of self-storage space.
As a percentage of total space, properties in opportunity zones that are in place or under construction represent 13.1% of total multifamily units nationwide, 13.7% of total office space and 11.4% of total self-storage space.
The potential is highest in the multifamily sector, where the number of planned and prospective units represent 24.2% of total stock within opportunity zones. In office, planned and prospective projects represent 12.6% of total space, while the percentage is only 6.7% in the self-storage segment.”
Read the full article HERE.
Explore Sixty West Funds targeted properties and learn more about our development pipeline HERE.