News — page 2
OpportunityDb Seeking Input For 2024 Opportunity Zones Survey
OpportunityDb has opened a new Opportunity Zones survey to collect input from OZ stakeholders regarding their investment activity and opinions of the tax incentive program. Enacted as part of the 2017 Tax Cuts & Jobs Act, the Opportunit
OpportunityDb To Host Opportunity Zone Pitch Day On Thursday, June 13th
OpportunityDb will host OZ Pitch Day Summer 2024 on Thursday, June 13, 2024, beginning at 10:00 AM Eastern Time. This will be OpportunityDb's 12th OZ Pitch Day event, and the second of three such events in 2024. OZ Pitch Day is a one-day on
OpportunityDb To Host OZ Pitch Day On Thursday, March 7th
OpportunityDb will host OZ Pitch Day Spring 2024 on Thursday, March 7, 2024, beginning at 10:00 AM Eastern Time. This will be OpportunityDb's 11th OZ Pitch Day event, and the first of three such events in 2024. OZ Pitch Day is a one-day onl
Opportunity Zone Asset Class Reaches Estimated $150 Billion
Through year-end 2023, an estimated $150 billion in equity has been raised by Qualified Opportunity Funds since program inception in 2018. QOFs are tax-advantaged investment funds through which Opportunity Zone projects receive funding. By
Announcing OZ Insiders, A Community For Opportunity Zone Professionals
The team at OpportunityDb has officially launched OZ Insiders, a mastermind group for high-performing Opportunity Zone executives, professionals, and investors. The new private community was created by Jimmy Atkinson, the founder of Opportu
New House Bill Would Extend and Improve Opportunity Zones
Bipartisan legislation referred to the House Ways & Means Committee on September 27, 2023 would improve Opportunity Zones and push back the tax incentive's deferral date by two years, from 2026 to 2028. Co-sponsored by U.S. Representati
Jimmy Atkinson And Andy Hagans Discuss Alts, OZs At University Of Notre Dame
WealthChannel co-founders Jimmy Atkinson and Andy Hagans recently provided a presentation on alternative investments and private real estate at the University of Notre Dame. The presentation was given to students at Notre Dame's Fitzgerald
OpportunityDb To Host OZ Pitch Day On Thursday, November 9th
OpportunityDb will host OZ Pitch Day Fall 2023 this Thursday, November 9, 2023, beginning at 10:00 AM Eastern Time. This will be OpportunityDb's 10th OZ Pitch Day event, and the final one of 2023. OZ Pitch Day is a one-day online event that
Jimmy Atkinson & Andy Hagans To Speak At University Of Notre Dame's Real Estate Institute
WealthChannel co-founders Jimmy Atkinson and Andy Hagans will be speaking at the University of Notre Dame's Fitzgerald Institute for Real Estate (FIRE) speaker series in October 2023. The FIRE Football Fridays Real Estate Speaker Series tak
Novogradac: QOF Equity Raising Roars Back In Q2, Following A Dismal Q1
After a prolonged equity raising slowdown across the fourth quarter of 2022 and the first quarter of 2023, Qualified Opportunity Fund equity raising has roared back to life. QOFs tracked by Novogradac raised $1.33 billion of equity in the s
OpportunityDb To Host OZ Pitch Day On Thursday, July 20th
OpportunityDb will host OZ Pitch Day Summer 2023 this Thursday, July 20, 2023, beginning at 10:00 AM Eastern Time. This will be OpportunityDb's ninth OZ Pitch Day event, and the second of three such events in 2023. OZ Pitch Day is a one-day
OpportunityDb To Host OZ Pitch Day On Thursday, March 23rd
OpportunityDb will host OZ Pitch Day Spring 2023 on Thursday, March 23rd, beginning at 10:00 AM Eastern Time. Silicon Valley OZ fund manager Urban Catalyst is the Title Partner for this event. This will be OpportunityDb's eighth OZ Pitch Da
USG Adds Multifamily Development In Tacoma OZ
USG Realty Capital has announced the addition of a 176-unit multifamily development in Tacoma, Washington to its portfolio of Opportunity Zone projects. The Market Square Apartments will be located near the Greater Tacoma Convention Center
Revitate Makes Investment In Nevada Industrial Development
Revitate has made an investment from its Impact OZ Fund 2022 into Victory Logistics District, a 4,300 acre industrial development located in Fernley, Nevada. “This community is the perfect location for our investment, both as an important l
Novogradac: QOFs Raised Nearly $10 Billion In 2022, Despite Slow Q4
Qualified Opportunity Funds tracked by Novogradac raised $9.68 billion in equity in 2022 , setting a new record for the largest single-year total in Opportunity Zones history. As of December 31, 2022, Qualified Opportunity Funds participati
RevOZ Recapitalizes San Bernardino OZ Project
RevOZ Capital announced this week that it has successfully recapitalized its San Bernardino Medical Center project, and will be making a special distribution to investors. Construction of the facility, which encompasses more than 11,000 squ
OpportunityDb To Host OZ Pitch Day On Wednesday, November 9th
OpportunityDb will host OZ Pitch Day Fall 2022 on Wednesday, November 9th, beginning at 10:00 AM Eastern Time. Silicon Valley OZ fund manager Urban Catalyst is the Title Partner for this event. This will be OpportunityDb's seventh OZ Pitch
Pinnacle Partners Plans Multifamily Denver OZ Project
Pinnacle Partners announced plans to develop a new multifamily housing project in an Opportunity Zone in Denver, Colorado. Pinnacle is providing the LP equity for the deal, with Mortenson Development serving as the developer. The project wi
Novogradac: QOF Fundraising Flat From Previous Quarter, Down From Previous Year
According to new data from Novogradac , equity raising by Qualified Opportunity Funds was largely flat from Q2 to Q3, but the QOFs that they track are still on pace to exceed $10 billion for the year. As of September 30, 2022, Qualified Opp
Grubb OZ REIT Adding 650 Multifamily Units In Los Angeles
Grubb's Link Apartments Opportunity Zone REIT announced this month the addition of five multifamily developments in the Los Angeles area. In aggregate, the projects will add more than 650 units of housing to the area. The largest of the pro
Four Points Funding Launches Fifth OZ Fund
Four Points Funding has launched its fifth Qualified Opportunity Fund (QOF), with the firm's first four funds having invested in 17 OZ projects totaling $175 million of equity and over $200 million of total project cost. Four Points continu
USG Breaks Ground On Multifamily OZ Project In Milwaukee
USG Realty Capital has broken ground on a 76-unit multifamily development located in a Milwaukee Opportunity Zone. The project, known as Elevation 1659, is scheduled for completion in September 2023. The site for the development, located at
EJF Breaks Ground on Jacksonville Multifamily OZ Project
EJF Capital and Chance Partners have broken ground on The Jack on Beach, a multifamily project that will consist of four buildings and a total of 295 units in Jacksonville, Florida. The Jack will be developed on a nearly 10 acre site and wi
Griffin Capital Announces Special QOF Distribution
Griffin Capital has completed a successful recapitalization of its Laurel Apartments in East Austin, and announced a special distribution to investors in its Qualified Opportunity Fund. Laurel Apartments is a 300-unit complex, which was dev