Analysis for the OZ industry — page 16
Sun Belt OZs vs. Midwest OZs, With Lawrence Jatsek
What are some of the key similarities and differences between Sun Belt Opportunity Zone deals and Midwest Opportunity Zone deals? Lawrence Jatsek is managing partner of CRE Development Capital, a real estate development and investment firm
SoLa Impact Plans South Los Angeles OZ Development
The SoLa Impact Opportunity Fund is planning to build an 84-unit multifamily development in Westmont , an unincorporated community in the South Los Angeles area. The project will include 21 units with permanent supportive and deed-restricte
Coalition Building In Opportunity Zones, With Bob Richardson
What are some of the biggest lessons learned from the first three years of the Opportunity Zones program? Bob Richardson is managing partner of Blue Cardinal Capital, a real estate private equity firm with Opportunity Zone projects in upsta
Arctaris To Invest $20 Million In Pittsburgh Area OZs
Arctaris Impact Investors, a Boston-based investment firm, has launched the Arctaris Southwestern Pennsylvania Opportunity Zone Program. The program will invest $20 million into Opportunity Zones in Allegheny and Westmoreland counties in Pe
Hudson Partners Breaks Ground On New York OZ Project
Hudson Partners Development has kicked off construction on an Opportunity Zone project in Schenectady, New York that will become a 4-building, 88-unit workforce housing property. The project is a joint venture between Hudson, Enterprise Com
Environmentally Sustainable Workforce Housing in OZs, With Majesty Gayle
How can Opportunity Zones be leveraged to create more affordable housing that has a commitment to sustainability? Majesty Gayle is Senior Fund Manager of the Evo Opportunity Fund, which seeks to develop energy efficient workforce housing in
Promised Land OZ Fund Closes Another Farmland Acquisition
Promised Land Opportunity Zone Farms announced the completion of a $29 million investment in a farm located in eastern North Carolina this week. The fund's portfolio now stands north of $50 million with 8,300 acres of farmland across four s
Maryland Announces $500,000 Investment In Opportunity Zone Businesses
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 b
First Harvest OZ Fund Launches With Focus On Indoor Farming
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 t
Turbocharging OZ Returns with Historic Tax Credits, with John Blatchford
Can opportunity zones be leveraged for historic renovation projects? How does the combination of historic tax credits and the opportunity zone incentive improve investment returns? John Blatchford is Owner and Founder of Kunst, a real estat
National Equity Fund, SVB Team Up On $110 Million OZ Initiative
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 Cre
The OZ Fund With A $1,000 Minimum, with Don Harmer
How can non-accredited investors with smaller capital gains participate in Opportunity Zone investing? Don Harmer is the president and CEO of the GRASS QOZF. GRASS is focused on Lyon County, Nevada and owns multiple QOZBs in the aviation an
GTIS Opportunity Zone Fund Invests In Seattle Logistics Facility
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
Real Estate Technology And Opportunity Zones, with Steve Nson
How does real estate innovation intersect with Opportunity Zones? How can Opportunity Zones catalyze business development and business investment in low income communities? Steve Nson is founder of AnySizeDeals, a conference organizer with
Promised Land OZ Fund Secures $50M Financing For Agricultural Investments
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
Profitable Exits of OZ Business Deals, with Hall Labs
How can opportunity zone investments in operating businesses lead to profitable exits? Dave Kunz is managing partner and general manager of Hall Venture Partners. Will Walker is a private equity veteran and advisor to Hall Labs and HVP. Cli
California Representative Proposes Extension Of Opportunity Zone Program
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
Tax Policy Changes & Opportunity Zones, an OZ Pitch Day Panel
What changes to tax policy are likely coming under the Biden administration? If enacted, how will these changes impact the appeal of Opportunity Zone funds and the returns available to investors? Several Opportunity Zone experts provided th
Investors Choice OZ Fund Adds Milwaukee Apartment Complex
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 exp
Darwin Mine Voted America's Top OZ Project at OZ Expo
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 equity fo
OZ Exit Plans and Structural Risks, with Peter Ciganik
What are the advantages of a Qualified Opportunity Fund that is structured as a REIT instead of a partnership? How does the level of diversification in a fund impact its risk/return profile? Peter Ciganik is Managing Director at GTIS Partne
OZ Investing in the New Economy, with Greg Genovese
Do record stock market levels, the high inflation environment, and the new economy pose an opportunity for Opportunity Zone investors? Are there silver linings in rising prices? Greg Genovese is CEO of USG Realty Capital and Investors Choic
Canyon Partners Plans Student Housing Project in Reno Opportunity Zone
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
Grand Rapids OZ Lures Cybersecurity Company
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