Capital from Opportunity Zone Fund to Fuel Senior Project
Portland-based Sortis Holdings Inc. invested capital from its $100 million Sortis Opportunity Zone Fund to close on equity funding for Tukwila Village Phase II, a mixed-income senior living development.
TUKWILA, WA—Sortis Holdings Inc., a Portland-based private equity firm, closed on equity funding for Tukwila Village Phase II, a mixed income senior living development. Sortis invested capital from its $100 million Sortis Opportunity Zone Fund alongside project sponsor Bryan Park, a Puyallup-based developer who has developed, owns and operates more than 5,000 senior living apartments in Washington. The completed project will be operated by Sustainable Housing for Ageless Generations or SHAG, a 501(c)(3) nonprofit.