Rendering of Bridge Investment's Opportunity Zone investment in Queens, NY
NEW YORK CITY—Bridge Investment Group has invested $509 million in Opportunity Zones, a federal program that offers tax benefits as an incentive for private investments in economically depressed areas.
“Bridge has targeted development and re-development projects to invest in alongside high quality development partners in qualified Opportunity Zones throughout the country,” says David Coelho, chief investment officer for the Bridge Opportunity Zone program. “Our team has deployed capital in 12 assets in eight markets across the US, and we are focused on transit-oriented developments and creating work/live/play communities in areas with an influx of job growth and urbanization.”
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
