Bonaventure has broken ground on Attain at Newtown, an $85.3 million, 320-unit Class A multifamily development inside a federal Qualified Opportunity Zone in Norfolk, Virginia. The project is capitalized with Cafritz Asset Management, a private family office, plus long-term HUD Section 221(d)(4) financing originated by Greystone, with first units expected in Fall 2027. Bonaventure, which reports more than $2.9 billion in assets under management, is targeting a Hampton Roads submarket facing sustained housing-supply constraints. It is a concrete example of institutional OZ capital breaking ground as the OZ 2.0 cycle ramps.
Original reporting by Daniel Cho for Opportunity Zone Invest, an independent OZ 2.0 research site. Facts are drawn from the primary sources cited above per our editorial standards. Nothing here is tax, legal, or investment advice.
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