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Joint Venture Closes Second Round of Funding To Invest in 10 Southern States

American South Fund Management Targets Affordable Housing, Other Real Estate in Economically Distressed Areas
American South Fund Management funded renovations of the St. James historic hotel in Selma, Alabama, now part of the Hilton-branded Tapestry Collection. (Betty Johnson)
American South Fund Management funded renovations of the St. James historic hotel in Selma, Alabama, now part of the Hilton-branded Tapestry Collection. (Betty Johnson)
CoStar News
July 16, 2021 | 8:24 P.M.

Real estate fund chief executive Deborah La Franchi often gets calls from developers looking for cash to turn properties into upscale apartments in disadvantaged areas. Her answer is usually no.

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