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DC Money Moves: ASRC Federal subsidiary secures an $8B contract from NOAA

August 16, 2023

Also, CACI wins a $2.7 billion contract from the NSA and EFJ Capital raises $167 million.

National Institutes Of Health United States Falls Church John Mengucci Jennifer Felix Oneal Wilson

Source: technical.ly

Asset Manager Raises $167M For Opportunity Zone Fund

August 8, 2023

Investors included high net-worth individuals, registered investment advisors, broker-dealers and a private bank. Alternative asset management firm EJF Capital has closed its second Opportunity Zone investment fund, EJF OpZone Fund II.

United States Noah Weiss Opzone Fund Zone Fund Opportunity Zone Tax Cut

Source: multihousingnews.com

EJF Capital and Toll Brothers Apartment Living Announce Joint Venture to Create 313-Unit Multifamily Community in Downtown Phoenix

October 18, 2022

PHOENIX, AZ - EJF Capital and Toll Brothers, through its Toll Brothers Apartment Living division, announced the formation of a joint venture to develop Henri, a 313-unit multifamily community in downtown Phoenix, AZ. The 2.32-acre site is in a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017 (TCJA), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas. The Project, expected to...

United States Charles Elliott Yasheel Shah Head Of Real Estate Development Opzone Fund Qualified Opportunity Zone

Source: multifamilybiz.com