$20 Million, 30 Investor Hotel Development

Represented a Portland, Maine hotel developer in raising an approximately $20 million opportunity fund for the development of a downtown hotel from approximately 30 investors, including representation on all other aspects of the development.

$50 Million Mixed Use Project

Represented a developer in raising an approximately $50 million opportunity fund for the development of a mixed-use real estate development in downtown Nashville, Tennessee.

Creation of $20 Million Private Real Estate Investment Fund

Pierce Atwood represented CEI-Boulos Capital Management, LLC, in connection with the creation of a $20 million private real estate investment fund in partnership with Woodforest National Bank. CEI-Boulos Capital Management will manage the fund, which will invest in real estate projects in areas designated as Qualified Opportunity Zones across Woodforest's 17-state footprint. The Opportunity Zone program is a new community investment tool established by Congress to encourage long-term investments in low-income urban and rural communities nationwide.

CEI-Boulos Capital Management, LLC is a joint venture of Coastal Enterprises, Inc. (CEI), a leading national Community Development Financial Institution (CDFI) with a strong track record of meeting community needs in rural areas and small gateway cities, and The Boulos Company, an integrated commercial real estate firm with broad experience in capital markets and real estate development.