EDGE Collective developer launches second Opportunity Zone fund
October 30, 2020 - PTM Partners, a Miami-based real estate investment and development firm, has launched a second fund designed to focus on qualified opportunity zones. The PTM Partners Opportunity Zone Fund II has raised $40 million and is targeting $250 million in capital for opportunity zone developments across the United States, a news release said. PTM is developing The Edge Collective in St. Petersburg from its first Opportunity Zone Fund, which raised nearly $100 million of capital. Opportunity Zones are a community investment tool established as part of the JOBS Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide.