PHOENIX – March 1, 2019 – Abington Emerson Investments, LLC launched a Qualified Opportunity Zone Fund, AEI Arizona OZ Fund LLC that will invest in two (2) real estate projects located in the Opportunity Zone that includes Phoenix-Mesa Gateway Airport in Mesa, Arizona.
Arizona is one of the fastest growing regions in the country for the last several decades. Phoenix stands as the nation’s 5th largest city and 14th largest metropolitan area with an estimated 4.5 million residents. The area serves as a business and distribution hub for the Southwest and benefits from one of the nation’s most diversified economies, business friendly governments and expanding job markets. As a result, over the past few years, numerous companies have been relocating from the neighboring states to Arizona and the Greater Phoenix Metro area, that includes Mesa, Chandler, Gilbert and Tempe.
Abington Emerson has a long and successful track record of investing in Arizona and currently owns properties in Mesa, Gilbert, and Chandler. AEI Arizona OZ Fund LLC acquired at inception two industrial development projects in the Phoenix-Mesa Gateway Airport area that is expected to experience explosive growth due to approval for development of the 700-acre plot of land adjacent to the airport.
The Fund is currently accepting investors and refining development plans for the land.