Cantor Fitzgerald and Silverstein Properties Launch Major Opportunity Zone Fund Exceeding $470 Million
In a significant stride within the U.S. real estate landscape, Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. have officially closed their Opportunity Zone Fund, known as Cantor Silverstein Opportunity Zone Trust II, Inc. (CSOZ Trust II), with an impressive capital raise of over $470 million. This venture marks a vital intermingling of financial services and real estate development aimed at revitalizing underserved communities across the nation.
Launched in March 2025, CSOZ Trust II is targeted at creating four substantial developments across diverse locations, including Tempe, AZ, Richmond, VA, Summerville, SC, and Huntsville, AL. Collectively, these projects will encompass approximately 1,932 multifamily units and 1.5 million square feet of mixed-use space, poised to cater to the growing need for quality housing in these areas. Bill Ferri, Global Head of Cantor Fitzgerald Asset Management, expressed enthusiasm towards the increasing investor interest, highlighting the firm’s commitment to not only generate positive economic impact but also foster neighborhood revitalization.
The recent fundraising efforts are indicative of Cantor and Silverstein’s broader strategy initially set in motion back in early 2019, aimed at investing in and managing a diversified portfolio within the Qualified Opportunity Zones of the United States. This initiative has already proven successful, as evident in their previous closure of aggregate funds totaling around $1.1 billion, which includes five different Qualified Opportunity Zone Funds.
Further emphasizing the collaborative strengths of the two firms, Chris Milner, Chief Investment Officer at Cantor Fitzgerald Asset Management, mentioned the abundant expertise both firms bring to the table in commercial real estate development and retail capital markets. Their goal is to not only meet the expansive financial objectives of their clients but also to enhance local community infrastructure and living conditions. Silverstein Properties President Tal Kerret reiterated this sentiment, noting how their local market knowledge and national reach synergistically contribute to these promising development opportunities.
Additionally, the projected outcomes of these developments are considerable; with a blueprint to deliver approximately 4,044 multifamily units, 233 of which will be designated as affordable housing, and a total of four million square feet of commercial space. An estimated $2.4 billion in project costs demonstrates the ambitious scale of these plans.
The Opportunity Zone Program, launched as part of the Tax Cuts and Jobs Act of 2017, serves as a vital framework encouraging investments in low-income areas, offering tax benefits to investors. As discussions grow surrounding an extension of this program, there is hope that such policy measures will further catalyze economic growth in underserved regions, benefiting investors and local communities alike.
Cantor Fitzgerald and Silverstein Properties are not only leading the charge towards recovering and fortifying real estate markets but also setting a behavioral precedent within the financial community. Their partnership embodies an innovative approach to socially responsible investing that prioritizes community upliftment while simultaneously ensuring profitability. As these projects unfold, they will undoubtedly provide a case study in blending economic strategy with sustainable community development, a formula that could serve as a cornerstone for future initiatives in the real estate sector.
For more information about their initiatives, interested parties can visit Cantor Fitzgerald’s website and Silverstein Properties’ site for an in-depth understanding of their ongoing and future projects.
Launched in March 2025, CSOZ Trust II is targeted at creating four substantial developments across diverse locations, including Tempe, AZ, Richmond, VA, Summerville, SC, and Huntsville, AL. Collectively, these projects will encompass approximately 1,932 multifamily units and 1.5 million square feet of mixed-use space, poised to cater to the growing need for quality housing in these areas. Bill Ferri, Global Head of Cantor Fitzgerald Asset Management, expressed enthusiasm towards the increasing investor interest, highlighting the firm’s commitment to not only generate positive economic impact but also foster neighborhood revitalization.
The recent fundraising efforts are indicative of Cantor and Silverstein’s broader strategy initially set in motion back in early 2019, aimed at investing in and managing a diversified portfolio within the Qualified Opportunity Zones of the United States. This initiative has already proven successful, as evident in their previous closure of aggregate funds totaling around $1.1 billion, which includes five different Qualified Opportunity Zone Funds.
Further emphasizing the collaborative strengths of the two firms, Chris Milner, Chief Investment Officer at Cantor Fitzgerald Asset Management, mentioned the abundant expertise both firms bring to the table in commercial real estate development and retail capital markets. Their goal is to not only meet the expansive financial objectives of their clients but also to enhance local community infrastructure and living conditions. Silverstein Properties President Tal Kerret reiterated this sentiment, noting how their local market knowledge and national reach synergistically contribute to these promising development opportunities.
Additionally, the projected outcomes of these developments are considerable; with a blueprint to deliver approximately 4,044 multifamily units, 233 of which will be designated as affordable housing, and a total of four million square feet of commercial space. An estimated $2.4 billion in project costs demonstrates the ambitious scale of these plans.
The Opportunity Zone Program, launched as part of the Tax Cuts and Jobs Act of 2017, serves as a vital framework encouraging investments in low-income areas, offering tax benefits to investors. As discussions grow surrounding an extension of this program, there is hope that such policy measures will further catalyze economic growth in underserved regions, benefiting investors and local communities alike.
Cantor Fitzgerald and Silverstein Properties are not only leading the charge towards recovering and fortifying real estate markets but also setting a behavioral precedent within the financial community. Their partnership embodies an innovative approach to socially responsible investing that prioritizes community upliftment while simultaneously ensuring profitability. As these projects unfold, they will undoubtedly provide a case study in blending economic strategy with sustainable community development, a formula that could serve as a cornerstone for future initiatives in the real estate sector.
For more information about their initiatives, interested parties can visit Cantor Fitzgerald’s website and Silverstein Properties’ site for an in-depth understanding of their ongoing and future projects.
Topics General Business）
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