Broad Street Realty, Inc. announced that it has raised $95 million in a round of funding on December 1, 2022. The transaction included participation from new investor Fortress Investment Group LLC. The company issued preferred equity for $80 million and mezzanine loan for $15 million.

The $25 million of the strategic investment is mandatorily convertible into common equity upon Broad Street meeting certain terms and conditions. Noah Shore from Fortress Investment Group LLC will join the company's board of directors as a part of the transaction.