54 OPPORTUNITY ZONE MAGAZINE | ISSUE 2 • VOLUME 2
DAVID COELHO
BRIDGE INVESTMENT GROUP
David D . Coelho serves as a partner and the chief investment officer of the Bridge Opportunity Zones strategy . Coelho is a member of Bridge ’ s Executive Administration Group and the Investment Committee of the General Partner . He has over 20 years of experience in real estate and finance . He has completed over $ 10.0 billion of investment transactions and has advised on over $ 20 billion of public and private market mergers and capital markets transactions . Coelho joined Bridge from NorthStar Asset Management Group where he was a managing director focused on equity investments . Coelho received his bachelor ’ s degree in accounting from Syracuse University and his MBA from the Wharton School of the University of Pennsylvania with a concentration in finance .
WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
In 2022 , I expect to see a continuation of strong investment in multifamily properties in Qualified Opportunity Zones . The program has served as an incredible catalyst for the creation of housing in under-invested communities and I believe that we will see more of that in 2022 . Another trend that I anticipate is an enhanced focus on workspaces in multifamily properties as companies and industries embrace a long-term hybrid work strategy for employees .
LOUIS DUBIN
REDBRICK LMD
Louis Dubin is a managing partner of Redbrick LMD . Dubin has invested over $ 1 billion of equity in U . S . based real estate investments and acquisitions with a gross value of approximately $ 3 billion . He has completed over 30 real estate developments and investments . He is a past winner of Institutional Investor ’ s Real Estate Deal of the Year . Since 2003 , Dubin has been a member of the NY State Common Retirement Fund Real Estate Committee . He is currently Chairman of the Governor ’ s Workforce Board of the state of Maryland . He is an active board member of the Patton Veteran ’ s Project and on the committee for the Steers Center for Real Estate at Georgetown University .
WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
I believe we will see many QOFs stick to large single-asset class funds in 2022 . While some investors lean toward diversification , many are comfortable with a particular asset class or look for a developer with expertise in one particular category . And with us all still learning how the pandemic will affect long-term trends in how people live , work and shop , many investors are exercising caution on mixed assets . With that said , I expect that most developers will remain hesitant on building new office spaces , unless they are able to pre-lease and build to a client ’ s specifications .
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