Four Points Funding has launched its fifth Qualified Opportunity Fund (QOF), with the firm’s first four funds having invested in 17 OZ projects totaling $175 million of equity and over $200 million of total project cost.

Four Points continues to focus on the “emerging communities” in Colorado; its current portfolio includes projects in cities such as Grand Junction, Estes Park, Buena Vista, and Durango. Since launching its first OZ fund in 2019, Four Points has maintained that “under-the-radar” markets outside the urban areas of Colorado will realize the fastest population growth, fueled by both increases in full time residents and increased tourism.

The portfolio consists primarily of multifamily assets, with allocations to both traditional hospitality (e.g., hotels) and outdoor hospitality (e.g., RV parks) as well. In its previous funds, Four Points has targeted an allocation of 80% to 90% to multifamily and 10% to 20% to hospitality.

Four Points highlighted their OZ strategy on a webinar hosted by OpportunityDb in 2020:

There are 126 Opportunity Zones in Colorado.