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December 19, 2018  

Capital Sought for Workforce Housing

Allagash Opportunity Zone Partners is soliciting up to $500 million of equity to buy workforce housing in opportunity zones across the Mid-Atlantic.The New York shop, led by Tony Barkan, would shoot for a roughly 14% return by targeting value-added apartments in secondary and tertiary markets.The capital would be housed in Allagash Opportunity Zone CRE Fund 1. Commitments totaling $300 million to $500 million are being sought. At the high end of...

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