OZ Pitch Day - June 19
OZ Pitch Day - June 19
Ryan Companies has started construction on a 151-unit multifamily project in an Opportunity Zone in the Denver suburb of Lakewood. The project will encompass more than 130,000 square feet in a six floor building. Amenities will include a pool, patio,…
Standard Communities has secured $47 million in financing for the development of a 219-unit Class A development in Savannah, Georgia. The Line community will consist of two buildings and feature a pool, sundeck, and fitness center. “We are incredibly proud…
Parsonex Capital Partners and Senergy Builders have broken ground on their second OZ project. The Brookwillow Estates project will consist of 36 condominium units in the booming town of Grand Junction, which is located off of I-70 near the Utah–Colorado…
Eagle OZ has announced the launch of its second qualified opportunity fund, which will seek to raise $50 million to complete the construction of 444 multifamily apartment rentals in Chicago. The Eagle OZ fund will specifically target the Bronzeville neighborhood…
Bipartisan and bicameral legislation was introduced last week that would improve Opportunity Zones and push back the tax incentive’s deferral date by two years, from 2026 to 2028. Co-sponsored by Senators Cory Booker (D-NJ) and Tim Scott (R-SC) and U.S.…
The Opportunity Zones program has not been without controversy and debate. Despite public sparring over whether the program is achieving its intended purpose, the new Opportunity Zones in 2022: Perception vs. Reality report, published by JTC Americas in partnership with OpportunityDb,…
A bill passed by the Ohio Senate would increase the state’s enhancement of Opportunity Zone tax incentives by doubling the amount of money available as tax credits in fiscal 2022 and 2023. In addition to the federal tax incentives associated…
According to Novogradac, Qualified Opportunity Funds had raised $24.4 billion in equity through the end of 2021, with $6.9 billion of that total coming in the second half of last year. Novogradac tracks a total of 1,342 QOFs; nearly 1,000…
New Land Enterprises has raised $3.6 million in Opportunity Zone equity for the Nova apartment development in the East Town neighborhood of Milwaukee. The nine-story building will have more than 250 apartments and amenities that include a fitness center, outdoor…
The Omni OZ Fund is seeking to raise up to $300 million to fund the development of a processing plant that will produce a clean fuel to be sold to refineries and distributors. GreenMix fuel can reduce up to 45%…