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A 240-unit multifamily community known as Veterans Victory in Colorado Springs, CO has received equity investments from Tocqueville Asset Management and CapZone Impact Investments. The Opportunity Zone development includes over 300,000 square feet of Class A real estate, and 20,000 square feet of office in the community’s small business center.
Veterans Victory founder Kim Kuhle appeared on OpportunityDb’s OZ Pitch Day in March 2022 to pitch the project during the event. Her project is designed around the unique needs of our nation’s veterans, and also includes high-tech, green, and solar components.
“I feel that CapZone and Tocqueville are uniquely qualified to help the Veterans Victory Project because they have embraced the holistic vision of green real estate development as well as programs designed specifically for veterans who want to grow their businesses and innovative technologies,” Kuhle said.
CapZone CEO Al Puchala said, “By backing the project that Kim Kuhle and her team at Veterans Victory have sponsored, CapZone along with our affiliate, CapZone Analytics LLC, will support the myriad of Opportunity Zone compliance and impact investing data measurement activities to ensure positive impact on the local veterans’ community for many years.”
Veterans Victory Operating LLC was founded as a Qualified Opportunity Zone Business (QOZB) to provide housing and access to small business services on campus. Their Colorado Springs community will be built at Bradley Road and South Powers Boulevard, in QOZ census tract 0804114008. This OZ includes the Colorado Springs Municipal Airport and Amazon. It is one of seven Opportunity Zones in Colorado Springs, CO.