LOS ANGELES, July 15, 2021 /PRNewswire/ — The management of the American South Real Estate Fund II (ASREF II) Fund, an impact fund focused on revitalizing distressed communities of color throughout the South, today announced the $28 million close of initial funding to support their launch of the American South Real Estate Fund II (ASREF II). This Fund will invest in ten Southern states: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
ASREF II seeks to follow the successful impact investment strategy of American South Real Estate Fund I (ASREF I), which was launched by American South Fund Management, LLC (ASFM), a partnership formed six years ago by Los Angeles-based SDS Capital Group and Vintage Realty Company of Shreveport, LA.
The first close of ASREF II, at $28 million total, includes Bank of the Ozarks, Cadence Bank, and Texas Capital Bank.
“We are proud…