Category News

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 square feet, started in May 2021…

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 Day…

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 will include a mix…

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,…

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 projects…

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 continues to…

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 1659 Jackson St.,…

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…

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 developed along with Greystar Real Estate…

According to new data from Novogradac, capital raising by Qualified Opportunity Funds slowed in the second quarter of 2022, compared to Q1, as broader markets slumped and inflation hit four-decade highs. As of June 30, 2022, Qualified Opportunity Funds participating…