Our $100M opportunity zone fund is targeted to Opportunity Zones in areas where we are currently developing projects. A portion of the fund will be used to help finance MLK Gateway project in Historic Anacostia. Additionally, we will be targeting development OZ funds for projects in Worcester Massachusetts, specifically in the Theater District.
“We as a company are in a place where we are growing and have lots of opportunities, and we thought it was time to make capital a part of our platform.” -Bo
Our team is taking a holistic approach based on controlling more property in one area rather than hyper focusing on one project. In the article Bo explains, “What we’ve done is zeroed in on hyper local neighborhoods and said ‘Let’s take these four or five blocks, instead of looking at one project, and try to control a critical mass of real estate in that neighborhood.”
To learn more about the Menkiti Group’s Capital Funds initiative click here.