OZ MAGAZINE 2022 Top 25 Influencers issue 2.2 | Page 59

TOP 25 FUND MANAGERS / DEVELOPERS
59

JOSHUA PERTTULA

ABINGTON EMERSON INVESTMENTS , LLC

Joshua Perttula is the founder , CEO and member of the Investment Committee at Abington Emerson Investments , a private real estate company headquartered in Los Angeles , California . Perttula is also a member of the Board of Trustees of the California State Bar and vice chair of the Blue Ribbon Commission on the Future of the Bar Exam . He is a licensed attorney and real estate broker in the State of California . Perttula graduated with a B . A . in both economics and political science from the University of California , Irvine , and holds a J . D . from the University of California , Hastings College of the Law .

WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
Multifamily residential has been the dominant sector since the inception of the OZ program , but with supply chain issues created by COVID , we have seen substantial demand for industrial projects in 2021 . We expect industrial and multifamily to remain strong next year but are being mindful of the specific market fundamentals and absorption . In our opinion , affordable housing will increase in importance for the multifamily projects , while location will remain the most important factor for the industrial sector . Also , many 2019 OZ development projects are expected to be completed in 2022 and it will be interesting to watch the impact of those investments on the communities .

ANTHONY RINALDI

SAXUM REAL ESTATE

Anthony Rinaldi , as founder and managing principal , oversees all aspects of Saxum ’ s strategic initiatives and operations , including investment strategy , acquisitions , capital raising , leasing activities , development and the execution and management of the firm ’ s portfolio . Rinaldi was recognized by Opportunity Zone Magazine as a Top 25 Opportunity Zone Influencer in the Fund Managers category in 2019 , 2020 and 2021 . Saxum launched its Opportunity Zone Fund in 2018 . It was the third fund in the U . S . to launch and has received significant recognition for its first mover position . Rinaldi is a graduate of New York University with a bachelor ’ s degree in real estate finance . He currently serves on the editorial board for NAIOP ’ s Development magazine and a co-chair of the Developing Leaders program .

WHAT KIND OF TRENDS AND NEW INVESTMENT AREAS DO YOU THINK QOFS WILL FOCUS ON IN 2022 ?
Opportunity Zones will continue to attract a significant amount of capital through 2022 . With the majority of investors holding highly appreciated assets , investors will continue to look to diversify their portfolio by leveraging the program to increase their allocations to real estate . In general , industrial assets and housing continue to fuel the majority of the growth in the real estate sector and we will continue to see a significant amount of Opportunity Zone investment being placed within those product types .
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