OZ 2.0 Enacted!
OZ 2.0 Enacted!
Florida-based PTM Partners announced that it closed its second OZ fund on December 31, 2022 with $150 million of equity investment. PTM Partners previously raised approximately $100 million in its first OZ fund, which closed in 2019. Between its two…
OZ Growth Fund LLC is the latest Qualified Opportunity Fund to launch with a focus on incubating early stage operating businesses. The fund is seeking to raise $20 million in capital with a minimum investment of $150,000. The fund’s initial…
Shay Hawkins, the leader of the Opportunity Funds Association, is running for Congress. Hawkins announced that he will seek the Republican nomination in Ohio’s reconfigured 13th district. Hawkins, who grew up near Cleveland, previously served as a tax and trade…
Pinnacle Partners, a pioneer in sponsoring Opportunity Zones, has announced the sale of Canton Lofts to King County for $32 million. Canton Lofts is located in the Pioneer Square district of Seattle; the project totals 35,000 square feet and provides…
USG/OZI announced additional details on its Opportunity Zone project in Bristol, Connecticut. The KindCare at Bristol, a 117-unit assisted living and memory care clinic, will be overseen by Senior Living Development and scheduled for completion in May of 2023. The…
Vanderhall Motor Works, a portfolio company of Hall Venture Partners, has taken the next step towards an IPO with the filing of its Form S-1 with the Securities and Exchange Commission. Vanderhall develops three-wheel and four-wheel light mobility vehicles, including…
The Verte OZ Fund, one of the leading Opportunity Zone funds investing in operating businesses, has developed in a South Carolina company developing a new building material. Probitas Ventures is building a modern manufacturing facility that will produce autoclaved aerated…
Four Points Funding has closed its third Opportunity Zone fund after raising $100 million. The company is in the process of deploying the capital to projects in Colorado. To date, Four Points has focused on middle-income housing as well as…
GTIS Partners announced the formation of a joint venture with real estate development company Wood Partners on a $72 million multifamily project in Charlotte, North Carolina. The Alta West Morehead development will be a five-story building with 308 units of…
Capital Square has announced the launch of its sixth Opportunity Zone fund, a single asset QOF that will develop a 297-unit multifamily project in downtown Raleigh, North Carolina. The development will be a 20-story building that includes approximately 8,400 square…