URS Capital Partners of Huntington, NY, has raised more than $20 million in Opportunity Zone capital to help fund a $45 million multifamily development in South Portland, Maine.
Blockchain Holdings Capital Ventures, Inc. plans to sponsor and help launch a Qualified Opportunity Zone Fund in the second quarter of 2019. The Opportunity Zone Fund sponsored by BHCV seeks to invest in commercial properties in Opportunity Zones that have a specific set of criteria, such as properties with a particular energy footprint.
The historic Ohio City Masonic Center on Cleveland’s west side is getting a $2.6 million facelift, and a new lease of life as one of the Midwest’s largest rock-climbing gyms, thanks to the Opportunity Zone program.
Crop One Holdings, a vertical farm operator, will sponsor its first qualified opportunity fund in an Opportunity Zone. The Vertical Farm Opportunity Fund will invest in building and operating a new vertical farm in Texas that will be located in a qualified Opportunity Zone in the Austin-San Antonio corridor.
California real-estate company M31 Capital is rolling out a $25 million boutique Opportunity Zone fund to help Silicon Valley’s HNWIs convert tech-sector stock gains into tax-favorable Bay Area real-estate investments.
Birmingham Mayor Randall Woodfin recently announced the Birmingham Inclusive Growth (BIG) Partnership, a private sector-led, community-focused Opportunity Zone initiative with the aim of elevating Birmingham residents’ quality of life and bringing tangible returns for investors. The BIG Partnership hopes to drive investment into Birmingham’s 24 Opportunity Zones, kicking off with a $24 million American Life building transformation.
The U.S. Department of Housing and Urban Development announced on Friday released a series of incentives for developers to build affordable multifamily properties in Opportunity Zones.
Utah-based urban-infill specialist PEG Capital Partners has raised $100 million in committed capital for a planned $250 million fund that will invest in Opportunity Zone projects with a focus on the Western United States.
Dirigo Capital Advisers of Augusta is prepping what’s believed to be Maine’s first Opportunity Zone project, in a move that highlights the program’s potential to spur development in smaller and non-traditional markets.
Los Angeles-based law firm GriggsLittle is launching a new consortium aimed at connecting investors and developers with churches that own underdeveloped real estate in inner-city Opportunity Zones.
Puerto Rico is prime to receive an influx of investment dollars to the island, due to most of the country being designated as an opportunity zone. And there’s a lot of investment opportunities to go around since the recent devastation caused by Hurricane Maria.
Urban Catalyst, a multi-asset Opportunity Fund, is working on completing several projects in San Jose opportunity zones, starting with the Fountain Alley Building. Urban Catalyst was established with the goal of building in opportunity zones and is planning six projects in downtown San Jose.
Opportunity Zone Magazine is proud to recognize the industry's leading and most influential Opportunity Zone professionals in five categories: attorneys, fund managers/developers, tax specialists, policy influencers and professionals in specialized fields. Candidates were evaluated based on their vision, influence and industry experience.
A practical guide to structuring a qualified opportunity fund and best practices to maintain the fund’s compliance throughout the investment period.
California is open for Opportunity Zone business to boost local economies and spur investment, treasurer Ma announced while keynoting the Opportunity Zone Expo in Los Angeles. Here, she shares more insight about the impact of Opportunity Zones in underserved communities.