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Phillips Realty Capital structures USD27.8m equity investment with Argosy for QOZ development

Phillips Realty Capital structures USD27.8m equity investment with Argosy for QOZ development

Phillips Realty Capital (PRC) has structured a USD27,800,000 equity financing on behalf of Woodfield Development. Argosy Real Estate Partners (AREP) provided a joint venture equity investment toward the development of Morrison Yard, a 380-unit, trophy multifamily community in Charleston’s Morrison Drive (NoMo) neighbourhood on the Upper Peninsula.