PLG Partner Reed Sexter Closes Large Scale Opportunity Zone Transaction

PLG Partner Reed Sexter recently closed a transaction on behalf of PTM Partners, LLC, which is an Opportunity Zone Fund.  The transaction was a joint venture with an affiliate of Douglas Development Corporation for the redevelopment of the old Coast Guard Headquarters in Buzzard Point, Washington, DC, into a 453 unit multi-family project with approximately 17,000 square feet of retail space.  The project is located in a Qualified Opportunity Zone and also involved a significant investment by EB-5.  This is one of the first large scale opportunity zone transactions to close in the United States.  For more information, please contact Reed Sexter at reeds@potomaclaw.com