{"id":65898,"date":"2018-09-26T01:14:06","date_gmt":"2018-09-26T05:14:06","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65898"},"modified":"2018-09-26T01:14:06","modified_gmt":"2018-09-26T05:14:06","slug":"hedge-fund-ejf-raising-500-million-for-tax-advantaged-opportunity-zones","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2018\/hedge-fund-ejf-raising-500-million-for-tax-advantaged-opportunity-zones.html","title":{"rendered":"Hedge Fund EJF Raising $500 Million for Tax-Advantaged \u2018Opportunity Zones\u2019"},"content":{"rendered":"<p>\n(Bloomberg) Manny Friedman\u2019s $6.9 billion hedge fund firm, EJF Capital, is raising money for real estate projects in low-income neighborhoods, seeking to take advantage of incentives created by last year\u2019s U.S. tax overhaul. The so-called opportunity fund will start by bankrolling ground-up development in designated zones across the country. The Arlington, Virginia-based money manager is seeking to raise about $500 million for the strategy, according to two people with knowledge of the matter who asked not to be identified because the information isn\u2019t public.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-24\/manny-friedman-s-ejf-raising-fund-for-real-estate-in-poor-areas?utm_source=google&#038;utm_medium=bd&#038;cmpId=google\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Manny Friedman\u2019s $6.9 billion hedge fund firm, EJF Capital, is raising money for real estate projects in low-income neighborhoods, seeking to take advantage of incentives created by last year\u2019s U.S. tax overhaul. The so-called opportunity fund will start by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65898","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=65898"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65898\/revisions"}],"predecessor-version":[{"id":65899,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65898\/revisions\/65899"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}