OZ Pitch Day - March 23rd
USG Adds Multifamily Development In Tacoma OZ
USG Realty Capital has announced the addition of a 176-unit multifamily development in Tacoma, Washington to its portfolio of Opportunity Zone projects. The Market Square Apartments will be located near the Greater Tacoma Convention Center and is scheduled for completion in the second quarter of 2024.
“When looking for our next qualified opportunity zone project to include in our portfolio, the Tacoma submarket stood out as an exceptional area that meets our strict standards,” said Greg Genovese, founder of USG Realty Capital. “Tacoma has strong fundamentals, with an impressive occupancy rate, rent growth rate and apartment sales volume, all of which have exceeded recent averages.”
Amenities at the development will include a fitness center, bike storage, pet grooming, resident lounges, and rooftop decks. The development will also include ground floor retail space.
USG Realty CEO Greg Genovese recently shared additional information about this project at WealthChannel’s Multifamily Investor Expo: