EJF Capital and North Signal Capital Complete $32 Million Construction Financing on Two Buildings at RiverPort Commerce Park in Opportunity Zone
Retrieved on:
Thursday, June 24, 2021
Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional services, Maritime, REIT, Transport, Hilton Head Island–Beaufort micropolitan area, Hardeeville, South Carolina, Jefferson Riverport International, Savannah, Georgia, Riverport, Charleston, South Carolina, Geography of the United States, Regions of the United States, Cities in the United States, EJF Capital, North Signal Capital, EJF CAPITAL, NORTH SIGNAL CAPITAL
The TCJA encourages Opportunity Zone investors to have uninterrupted ownership of qualifying property for at least 10 years.
Key Points:
- The TCJA encourages Opportunity Zone investors to have uninterrupted ownership of qualifying property for at least 10 years.
- The strength of the port, lower cost structure, regional population growth, favorable property tax rates and other economic incentives make the RiverPort project a compelling opportunity.
- RiverPort has the capacity for approximately 4.5 million square feet of industrial space in 10 buildings in Hardeeville, SC.
- North Signal has developed or is developing approximately 5.6 million square feet of Class A industrial space across 15 buildings in the Charleston, SC and Savannah, GA markets.