Former AvalonBay Execs Launch First Public Opportunity Zone REIT
March 4, 2019 | Matthew Rothstein | Bisnow
Even as the wait for final regulations drags on, opportunity zones continue to lure all kinds of investors and inspire a range of investment plans.
Belpointe, a real estate developer and investment company based in Greenwich, Connecticut, has launched Belpointe REIT, the first-ever REIT focused exclusively on opportunity zone investment, the company announced in a press release.
Connecticut private equity investor Brandon Lacoff founded Belpointe and installed a leadership team that includes former AvalonBay Communities executives Lori Wortz as executive vice president of development and Paxton Kinol as chief investment officer. Like AvalonBay, Belpointe focuses on multifamily development, as will the REIT.
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