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 fund has an equity raise of $5.9 million and preferred annualized returns of 11%.

The Investors Choice OZ Fund allows investors to actively allocate their investment in the fund into individual projects. Currently, the portfolio consists of six projects; in addition to KindCare, the fund is developing multifamily projects in Milwaukee, Oakland, Sacramento, Los Angeles, and San Francisco.

USG founder and CEO Greg Genovese presented his fund at the recent OZ Pitch Day Fall 2021: