“We like the idea of launching the Fund at this time, because the strategy of buying hard assets at a deep discount to replacement cost has proven itself through several distinct market environments,” said Integrity Trust president Eric Davis. “We believe real estate investing can be a safe haven during slower economies.”

Integrity Trust offers wealth management, financial advising, and alternative investment opportunities for more than 2,000 clients across the nation.

Last week, Northstar Commercial Partners, Milender White and Canyon Partners Real Estate LLC announced the successful closing of a new, mixed-use development Parkside @ City Centre. Located east of Denver in Aurora, CO Parkside is a ground-up, mixed-use development featuring 216 market-rate, multifamily apartments, and 36,000 square feet of retail on 5.6 acres. The development cost is expected to be $78.7 million, with $24.5 million of equity and preferred equity invested.

Located within an Aurora Urban Renewal District, the land for Parkside was purchased by Northstar in 2015. After several years of securing development approvals and forming the right partnerships, the development is set to break ground in April 2019. Northstar and Milender White will jointly serve as developer, and Milender White will also act as general contractor for the project.

Northstar Commercial Partners specializes in buying vacant, distressed, value-add, and income generating commercial real estate assets throughout the United States. Since its founding in 2000, Northstar has closed more than 139 deals, and currently has 47 retail, office, industrial/warehouse, medical, senior care, data centers, and day care facilities in 15 states under its investment, development, and management. The portfolio exceeds more than $1.35 billion of market value.