EquityMultiple connects accredited investors with exclusive, pre-vetted commercial real estate investments at low minimums. For their Opportunity Zone investing products, EquityMultiple has partnered with developer Youngwoo & Associates.
The companies are tentatively aiming to raise about $500 million for the fund, according to Youngwoo & Associates executive vice president Bryan Woo. He cited New York, Oakland, Seattle, Detroit, Los Angeles and Portland, Oregon as cities where the fund would be interested in investing. Washington Heights and the South Bronx in particular are two New York neighborhoods Youngwoo is already working in, he said.