OZ Pitch Day - June 19
OZ Pitch Day - June 19
The state of Maryland has awarded a total of approximately $500,000 to seven businesses located in Opportunity Zones through the Maryland Department of Housing and Community Development’s Neighborhood BusinessWorks Program. “Our state has been working hard to supercharge investment and…
The First Harvest OZ Fund is seeking to raise $100 million to invest in high tech hybrid farming businesses. Specifically, the fund will focus on building facilities used to grow organic produce using the Nutrient Film Technique (NFT). As the…
Silicon Valley Bank and National Equity Fund announced an initiative to invest $110 million in low-income housing tax credit deals by December 31. The initiative will leverage the tax advantages available from the Low-Income Housing Tax Credit program (LIHTC) and…
GTIS Partners announced the seventh investment of its Qualified Opportunity Zone Fund, forming a joint venture with Ryan Company to build a multi-story last-mile logistics facility in Seattle. The four-story building will be located at 65 S. Horton Street in…
Promised Land Opportunity Zone Farms announced this week a $50 million debt financing facility with Conterra Agricultural Capital. Promised Land was created to acquire farmland located in QOZs throughout the country. The fund currently owns approximately 3,800 across farms in…
Michelle Steel, a Republican representing California’s 48th congressional district, has introduced legislation that would extend the Opportunity Zone program beyond December 31, 2026. H.R. 4608, known as the Growth and Opportunity Act, also proposes a re-designation of qualified Opportunity Zones…
USG/OZI has announced the addition of a six-story Class A multifamily development in Milwaukee, Wisconsin to its portfolio. The Elevation 1659 project, which will have 76 units, is scheduled to be completed in July 2023. Average rent is expected to…
A unique opportunity zone project focused on restarting the historic Darwin Mine in eastern California was awarded the top prize at the Denver OZ Expo earlier this month. The single asset OZ fund is looking to raise $66 million in…
Canyon Partners Real Estate, through a joint venture with GMH Communities and CRG, has invested $36 million in a student housing development located in a Reno opportunity zone. The building will include 755 beds, and is expected to be ready…
Cleveland-based MCPc announced this week that it will make a $12.5 million investment in the Madison Square neighborhood of Grand Rapids. The building, located in one of Grand Rapids’ eight opportunity zones, will be finished next year and is expected…