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Grubb Properties Launches Link Apartments Opportunity Zone REIT

CHARLOTTE, NC (February 7, 2022) – Grubb Properties, a leading vertically integrated commercial real estate firm, today announced the launch of the Link Apartments Opportunity Zone REIT. Resulting from the merger of Grubb’s 2019, 2020 and 2021 Qualified Opportunity Funds, the Link OZ REIT has over $350 million in assets under management.

Shareholders of the three previous Grubb Qualified Opportunity Funds approved of the consolidation in late 2021 and the merger was completed on January 31, 2022.

Like its predecessors, the Link OZ REIT focuses on the development of projects under Grubb Properties’ Link ApartmentsSM brand, which is designed to provide essential housing across the United States. Essential housing and Link ApartmentsSM fill the gap between subsidized and luxury apartments. There are currently 19 Link ApartmentsSM communities stabilized or under construction across the country, totaling 4,935 multifamily units, with 16 additional communities in the pipeline. The communities offer an amenity-rich living experience to residents who want to live near transit, employment, and entertainment venues.

The Link Apartments Opportunity Zone REIT launches with 14 Link Apartments℠ communities under construction or announced in Opportunity Zones nationwide, including in gateway markets in California (Los Angeles, CA and Oakland, CA), New York (Queens, NY and Hempstead, NY) and Washington, D.C.

This essential housing strategy has resonated with QOZ investors since the inception of the Qualified Opportunity Zone program, leading to successful fundraising efforts, including $63 million raised in December 2021 alone.

“Essential housing and Link ApartmentsSM are a perfect fit for Opportunity Zone investors, directly addressing the national housing crisis and improving neighborhoods without introducing excessive gentrification impacts,” said Clark Spencer, Managing Director, Investments, and portfolio manager of the Link OZ REIT. “Link Apartments Opportunity Zone REIT enhances diversification and scale for current and future investors, and enables us to further expand the Link ApartmentsSM brand.”

The Link Apartments Opportunity Zone REIT will fundraise through the end of 2023, with an initial close in February 2022.

About Grubb Properties

Grubb Properties, founded in 1963, is a vertically integrated real estate fund manager focused on the Essential Housing space through its Link ApartmentsSM brand. Link ApartmentsSM targets residents earning between 60% and 140% of area median income (AMI), directly addressing a growing crisis for essential housing, while providing residents with exceptional living spaces. Grubb Properties maintains a long-term perspective and its careful and measured approach to real estate investment has delivered resilient and impressive returns. Grubb Properties has received numerous sustainability designations and recognitions, and undergoes annual ESG assessments through GRESB. For more information, visit

Grubb Properties’ CEO Clay Grubb is the author of the book “Creating the Urban Dream: Tackling the Affordable Housing Crisis with Compassion.”


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