Analysis for the OZ industry — page 18
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
New York State Decouples from Opportunity Zone Tax Incentive
This week, the New York state $212 billion budget passed by lawmakers included a provision decoupling the state and New York City tax codes from the federal Opportunity Zone tax incentive. Given New York’s budget issues, many thin
Lessons Learned from Seven Successful OZ Deal Closings, with Ryan Tobias
Jackson Dearborn Partners is on their eighth Opportunity Zone deal in less than three years. What were some of the biggest challenges that they've faced and biggest lessons learned during their first seven OZ deals? Ryan Tobias is partner a
Yard 56 Opens in Baltimore, Maryland Opportunity Zone
Baltimore-based developer and MCB Real Estate President, David Bramble, opened Yard 56 earlier this week, a mixed-use project seven years in the making. The project utilized environmental tax credits, New Market tax credits, and Opportunity
From the NBA to Opportunity Zones, with Josh Childress
How is a former NBA player leveraging Opportunity Zones to create impactful change? Josh Childress is CEO of LandSpire Group and a member of the RevOZ Capital Social Impact Council. RevOZ Capital earlier this year launched a new social impa
Opportunity Zone Firms Combining Cryptocurrency, Blockchain, and OZs
Will the Opportunity Zone tax incentive be extended? Congressmen Tim Burchett (R-TN) and Henry Cuellar (D-TX) hope so, and early this year co-sponsored and introduced the Opportunity Zone Extension Act of 2021 . To promote the bill and anno
Post-COVID Opportunity Zone Investing, with Greg Genovese
What can Opportunity Zone investors expect from post-COVID market conditions? And how have Qualified Opportunity Funds evolved since program inception? Greg Genovese is CEO of USG Realty Capital and Investors Choice OZ Fund, a new Qualified
Two New Hotels Open Their Doors in Opportunity Zones
This week, two new hotels opened their doors in Opportunity Zones. Hyatt House extended-stay hotel opened for business in downtown Rochester, Minnesota just steps from the Mayo Clinic. The hotel appears to be Rochester’s first Opportunity Z
How OZ Policy May Evolve Under Biden, with Steve Glickman
With Joe Biden in the White House, how might Opportunity Zone policy evolve over the coming years? Steve Glickman recently joined me during a fireside chat at OZ Pitch Day to discuss this topic and more. Steve is founder and CEO of Develop
Differentiating Approaches and Delivering Value in Opportunity Zones, with Jon White
Why are shovel-ready projects so crucial to a multi-asset Qualified Opportunity Fund strategy? And how can a fund be structured in order to allow investment from self-directed QOFs at the project level? Jon White is president and managing d
OZworks Group, a Community for OZ Stakeholders, with Chris Cooley
Can an online membership platform bring different Opportunity Zone stakeholders together and help make the OZ initiative a bigger success? Chris Cooley is director and lead connector at OZworks Group. He has extensive experience consulting
The Three Best Capital Sources for OZ Deals, with Hall Labs
Dave Kunz What are the three different classes of investors that are the most likely capital sources for Opportunity Zone funds or deals? And what are some tips for approaching and pitching to them? Dave Kunz is managing partner and general
OZ Investing in Puerto Rican Tourism, with Lifeafar Capital
Eric Berman What are some of the factors that may make Puerto Rico a compelling destination for Opportunity Zone investment, particularly in a post-COVID world? Eric Berman is chief investment officer and Adrian Beales is director of sales
The Evolution of the OZ Marketplace, with Peter Truog
How has the Opportunity Zone marketplace evolved over the past 2+ years and how will it continue to evolve going forward? Peter Truog is founder of The Opportunity Exchange, a marketplace that connects impactful Opportunity Zone projects to