NMRK - Cantor Fitzgerald Silverstein Properties closes $530M real estate fund

Cantor Fitzgerald and Silverstein Properties, both closely held firms, close the Cantor Silverstein Opportunity Zone Trust (CSOZ Trust) with ~$530M of equity raised. Launched in mid-2019, CSOZ Trust was formed to invest in, develop, redevelop and manage a diversified portfolio of institutional quality commercial real estate assets with an emphasis on multifamily properties in Qualified Opportunity Zones in the U.S.  "We launched our opportunity zone business to drive much-needed capital to communities that would benefit from long-term investment," said Howard Lutnick, chairman and CEO of Cantor Fitzgerald LP. Note that Lutnick is also BGC Partners (NASDAQ:BGCP) chairman and CEO and Newmark Group (NASDAQ:NMRK) chairman. Along with CSOZ Northern Boulevard LLC and CSOZ 3.0 University Place LLC, co-investment funds, Cantor and Silverstein have raised ~$600M of equity for the three Qualified Opportunity Zone Funds. CSOZ Trust now has four development projects underway and a fifth with an executed term sheet. All together, the

For further details see:

Cantor Fitzgerald, Silverstein Properties closes $530M real estate fund