Analysis for the OZ industry — page 17
Capital Square Hits Milestone for Richmond, Virginia OZ Development
Capital Square, one of the leaders in tax-advantaged real estate funds, has reached a milestone for its major OZ development in Richmond, Virginia . The company is in the process of developing "Scott's Collection" in the Scott's Addison are
Griffin Capital Completes 11th OZ Land Acquisition
Griffin Capital recently completed its 11th acquisition of land located in an opportunity zone, with plans to develop a 335-unit apartment community. The recently acquired land is located in the Main Street Corridor in Mesa, Arizona , just
Financing Secured for OZ Development Near Port of Savannah
EJF Capital and North Signal Capital announced more than $30 million in financing for the construction of two buildings at the RiverPort Commerce Park in Hardeeville, South Carolina . The buildings, which comprise more than 800,000 square f
Opportunity Zone Marketplace Roundtable, an ADISA Conference Panel
Are Opportunity Zones being underutilized? And what's in store for the Opportunity Zone marketplace as we come out of the pandemic and head into the second half of 2021? This episode is the audio recording of a live panel from the ADISA 202
Kingsbarn Capital and Development Acquires Multifamily Development Site in Carson City, Nevada Opportunity Zone
Earlier this week, Kingsbarn Capital and Development announced the acquisition of 6.12 acres within a Carson City, Nevada Opportunity Zone. The multifamily development of 140 garden-style apartments is anticipated to start leasing one year
GRASS OZ Fund Now Available with $1,000 Minimum Investment
A unique new fund is making some waves. GRASS (The Growth Resources, Assets, Safety & Sustainability Opportunity Zone Fund) is making history as the first ever RegA+ OZ fund. The RegA+ status enables the fund to accept investments of as
Using OZs for a More Resilient Puerto Rico, with Jose Torres
Puerto Rico is in dire need of redevelopment. How can Opportunity Zones and other tax incentives help to create a more resilient Puerto Rico? Jose Torres is managing partner and founder of Monllor Capital Partners and the Puerto Rico Opport
Aurora, Colorado’s First Opportunity Zone Residential Community Opened
Last week, the City of Coachella, California launched Opportunity Coachella , a competition for businesses looking to relocate, launch, or expand into an Opportunity Zone. The competition is now accepting applications and will award more th
Opportunity Zone Investing on the Las Vegas Strip, with Bill Shopoff
Why might an investor consider an Opportunity Zone hotel investment on the Las Vegas Strip? Bill Shopoff is president and CEO of Shopoff Realty Investments, a national, multi-disciplinary real estate investment firm founded in 1992. Click t
RevOZ Capital Opens Behavioral Health Facility in San Bernardino OZ
RevOZ Capital opened an 11,000-square-foot behavioral health facility in a San Bernardino, California Opportunity Zone. On hand at the ribbon cutting ceremony was Senator Tim Scott (R-SC). The facility will provide effective health care to
The Prototypical Opportunity Zone Investor, with Erik Hayden
Who is the prototypical direct retail Opportunity Zone investor? Erik Hayden is founder and CEO of Urban Catalyst, the largest developer of Opportunity Zone real estate in Silicon Valley. Click the play button above to listen to my conversa
Capital Square Breaks Ground on Richmond, Virginia Opportunity Zone Multifamily Development
Last week, President Biden released his $6 trillion budget proposal, which included a capital gain tax increase from 23.8% to 43.4% for households with a combined income of $1 million or more. The proposed increase would take effect April 2
Applying Opportunity Zones to Oil and Gas Investments, with Matt Iak
How can the Opportunity Zone incentive be applied to energy investments in the oil and gas sector? Matthew Iak is executive vice president of U.S. Energy Development Corporation and has overseen the capital raise of $1.5 billion since 2005.
Qualified Opportunity Funds Invested $24.9 Billion Through 2019
Note: This article was updated on August 18, 2021 to make some clarifications and correct some factual errors. A research study completed last month estimates that $24.9 billion of total investments have been made by Qualified Opportunity F
GTIS Partners Announces OZ Joint Venture in Goodyear, Arizona
Last week, Wilmington, Delaware-based Second Chances Farm announced their second Opportunity Zone location. Their expansion into the Philadelphia market enables the indoor vertical farm startup to continue its social mission of en
Why Opportunity Zone Deal Flow Is Increasing, with Chris Loeffler
Why is Opportunity Zone deal flow increasing, and by how much? Chris Loeffler is co-founder and CEO of Caliber, an asset management and real estate services firm headquartered in Scottsdale, Arizona. Caliber Funds is currently offering a $5
$1 Million Investment from Erie Insurance Brings Growth to Opportunity Zone Business
The IRS recently confirmed the boundaries of the Opportunity Zones were established at the time they were designated and not subject to change due to the 2020 Census. The OZ marketplace had eagerly awaited guidance on this critical issue. T
From Homeless to Opportunity Zone Developer, with Terrica Lynn Smith
Terrica Lynn Smith grew up broke and homeless on the streets of New Orleans. But now, she is developing new affordable housing in an Opportunity Zone in Lafayette, Louisiana. Terrica is managing partner of SALT Capital Equity Group, real es
Industrial Development Coming to Mesa, Arizona Opportunity Zone
Last week, Los Angeles-based development firm Banyan Residential, in partnership with Indianapolis-based firm, Milhaus, broke ground on Banyan Beckley, a $59 million multifamily development within a Dallas, Texas Opportunity Zone. Located j
How a Tax Rate Increase May Impact Opportunity Zone Investors, with Alex Bhathal
Tax rates could be on the rise under the Biden administration. What impact would a huge capital gains tax increase have on the Opportunity Zone marketplace? Alex Bhathal is co-owner of the Sacramento Kings and managing partner at RevOZ Capi
Hoosier Solar Holdings Developing Solar Power Facilities in Indiana Opportunity Zones
Last week, Hoosier Solar Holdings, LLC, an Indiana-based energy company, announced plans to develop solar power facilities within Indiana Opportunity Zones. Hoosier Solar plans to involve local school groups and universities by providing jo
How Panama City Is Using OZs to Rebuild after Hurricane, with Mark McQueen
Panama City, Florida suffered massive damage from Hurricane Michael in 2018. How is the city using Opportunity Zones to rebuild? Mark McQueen is a former two-star general of the U.S. Army and current city manager for the City of Panama City
Construction Underway for Multifamily Development in North Tempe, Arizona Opportunity Zone
In contrast to New York where legislators are making their state less attractive for Opportunity Zone investment and investors , Alabama’s legislators are doing just the opposite. This week, the Alabama House of Representatives passed
How to Invest in Opportunity Zones, an OZ Pitch Day Panel
What should an investor consider before investing in a Qualified Opportunity Fund? Several Opportunity Zone experts provided their insights on a live panel recorded on March 9, 2021 during OZ Pitch Day, titled "How to Invest in Opportunity