Category News

U.S. representative Jim Hagedorn of Minnesota’s first district is proposing an expansion of opportunity zones. The proposal would increase the percentage of low-income opportunity zones in each state from 25% to 30%. Rep. Hagedorn’s proposal would reopen the enrollment period…

Last week, Griffin Capital Company LLC announced the closing of their 11th land acquisition within a Qualified Opportunity Zone. Located in Mesa, Arizona, the 336 garden-style apartment project will be developed in a partnership with the Opus Group. The pair will help provide much needed…

Capital Square, one of the leaders in tax-advantaged real estate funds, has reached a milestone for its major OZ development in Richmond, Virginia. The company is in the process of developing “Scott’s Collection” in the Scott’s Addison area of Richmond.…

Griffin Capital recently completed its 11th acquisition of land located in an opportunity zone, with plans to develop a 335-unit apartment community. The recently acquired land is located in the Main Street Corridor in Mesa, Arizona, just a few blocks…

EJF Capital and North Signal Capital announced more than $30 million in financing for the construction of two buildings at the RiverPort Commerce Park in Hardeeville, South Carolina. The buildings, which comprise more than 800,000 square feet in total, are…

Earlier this week, Kingsbarn Capital and Development announced the acquisition of 6.12 acres within a Carson City, Nevada Opportunity Zone. The multifamily development of 140 garden-style apartments is anticipated to start leasing one year after construction start in July. GRASS Opportunity Zone Fund announced…

A unique new fund is making some waves. GRASS (The Growth Resources, Assets, Safety & Sustainability Opportunity Zone Fund) is making history as the first ever RegA+ OZ fund. The RegA+ status enables the fund to accept investments of as…

Last week, the City of Coachella, California launched Opportunity Coachella, a competition for businesses looking to relocate, launch, or expand into an Opportunity Zone. The competition is now accepting applications and will award more than $15,000 to winners. The contest…

RevOZ Capital opened an 11,000-square-foot behavioral health facility in a San Bernardino, California Opportunity Zone. On hand at the ribbon cutting ceremony was Senator Tim Scott (R-SC). The facility will provide effective health care to justice-involved youth, in or out of…

Last week, President Biden released his $6 trillion budget proposal, which included a capital gain tax increase from 23.8% to 43.4% for households with a combined income of $1 million or more. The proposed increase would take effect April 28, 2022. This…