Griffin Capital announced that it has closed its second QOF after raising $585 million in equity. Griffin’s first OZ fund closed in September 202 after raising $460 million. Griffin’s second fund will be used to develop 12 multifamily communities in…

Riaz Capital announced that it has reached the $100 million fundraising goal for its Ozone Fund III, which will invest in workforce housing projects in the Bay Area. In response to strong investor appetite, the firm is capping the raise…

Urban Catalyst has acquired the third of four parcels for its Opportunity Zone project, closing on 77 N 4th Street in downtown San Jose. The parcel will be used in the development of Urban Catalyst’s Icon and Echo projects; Icon…

Florida-based PTM Partners announced that it closed its second OZ fund on December 31, 2022 with $150 million of equity investment. PTM Partners previously raised approximately $100 million in its first OZ fund, which closed in 2019. Between its two…

OZ Growth Fund LLC is the latest Qualified Opportunity Fund to launch with a focus on incubating early stage operating businesses. The fund is seeking to raise $20 million in capital with a minimum investment of $150,000. The fund’s initial…

Shay Hawkins, the leader of the Opportunity Funds Association, is running for Congress. Hawkins announced that he will seek the Republican nomination in Ohio’s reconfigured 13th district. Hawkins, who grew up near Cleveland, previously served as a tax and trade…

Pinnacle Partners, a pioneer in sponsoring Opportunity Zones, has announced the sale of Canton Lofts to King County for $32 million. Canton Lofts is located in the Pioneer Square district of Seattle; the project totals 35,000 square feet and provides…

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…

Vanderhall Motor Works, a portfolio company of Hall Venture Partners, has taken the next step towards an IPO with the filing of its Form S-1 with the Securities and Exchange Commission. Vanderhall develops three-wheel and four-wheel light mobility vehicles, including…

The Verte OZ Fund, one of the leading Opportunity Zone funds investing in operating businesses, has developed in a South Carolina company developing a new building material. Probitas Ventures is building a modern manufacturing facility that will produce autoclaved aerated…