Niagara Falls North Development Fund One, L.P.

Open

Status

Real Estate

Asset Class

$100K

Fund Minimum

$25M

Fund Size

Multi-Asset

Portfolio

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Fund Overview

Niagara Falls North Development Fund One, L.P. is a comprehensive Main Street revitalization project in one of the five opportunity zone census tracts of Niagara Falls, NY. After acquiring a portfolio of 38 properties on or near Main Street in June 2019 and winning a $10m Downtown Revitalization Initiative grant, the properties are shovel-ready for redevelopment. In December 2020, the development neighborhood was declared historic by the New York State preservation board and historic tax credit approvals were achieved. Proceeds from selling the tax credits upon hitting certain construction milestones will be used to redeem investors. All the buildings will be mixed-use with retail on the first floor and office/multifamily on the upper floors. The fund is closely coordinated with the city’s economic redevelopment master plan and local institutions such as Niagara University and Niagara Falls Memorial Medical Center.

Fund Strategy

The investment strategy for the Niagara Falls North Development Fund One, L.P. includes:

This fund’s strategy includes investments in the following asset types:

This fund invests in properties in the following states:

For additional information about the fund strategy, see the official site.

Certain financial information for the fund is shown below. Additional financial information may be available from the fund’s official website.

N/A

Target IRR

N/A

Management Fee

N/A

Fund Structure

For fields marked N/A, information is not publicly available. Additional information may be available from the fund manager.

Fund Contact Information

For additional information on this fund, contact:

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