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Inside the nonprofit investment fund shaping Seattle RE

Inside the nonprofit investment fund shaping Seattle RE

A nonprofit-owned investment fund, Forterra, is becoming a major player in shaping how Seattle real estate is carved up and developed. The $10.25 million fund — with its 2 percent returns — buys properties that are then developed into affordable housing or business and recreation spaces by partners ranging from nonprofit developers to community groups. Recently, according to the Wall Street Journal, the fund has poured $3.8 million into three affordable housing projects that will […]


Source: realdeal

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