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Updated over 4 years ago,
How to set up a real estate fund for industrial cannabis dev?
Hi BP community I just set up my account and was hoping I could get some feedback on setting up an industrial value-add fund specific to cannabis land & infrastructure development. My company plans to develop 10 industrial subdivisions/business parks through the US over the course of the next 5 years. We are currently in early stages of our first two projects in MA that are projected to deliver over 800,000sf of turnkey cultivation, processing and manufacturing space to be leased out. Each of these projects costs in the neighborhood of $90,000,000. Anyone here have any experience with setting up and managing a fund and can offer some advice/direction?
Thanks in advance!
John