OPIC Board Approve Up To $100 Million For Real Estate Investment Fund For Sub-Saharan Africa

WASHINGTON, D.C. – June 21, 2012 – (RealEstateRama) — The Board of Directors of the Overseas Private Investment Corporation(OPIC), the U.S. Government’s development finance institution, approved up to $100 million in financing for an investment fund that will produce quality commercial real estate in sub-Saharan Africa. The region is one of the fastest-urbanizing areas in the world, but suffers from significant underinvestment in office space.