Parquet Capital Participates in Commercial Real Estate Transaction in an Opportunity Zone
BOSTON, Jan. 9, 2019 /PRNewswire/ -- Parquet Capital, a leading alternative asset manager, in concert with a club of family offices, executed an investment in a commercial real estate property. The property is located within an Opportunity Zone as created as part of the U.S. Tax Cut and Jobs Act of 2017 in a metro-urban area. The property is fully leased with stable cash flow from the existing tenants, making it an attractive standalone investment. Moreover, the investment is enhanced by favorable tax incentives and the optionality to convert the land from industrial-use to multi-family residential in an area facing increased housing demand, creating potential upside.
About Parquet Capital
Parquet Capital is a leading alternative investment manager. Based in Boston, the company invests in a wide variety of securities and situations, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, and equities. Parquet Capital seeks to achieve superior, risk-adjusted returns significantly in excess of indices with substantially lower risk. Additional information can be found at www.parquetcapital.com or contact [email protected].
SOURCE Parquet Capital
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